Expressjet_erj From United States of America, joined Oct 2001, 839 posts, RR: 4 Posted (6 years 9 months 1 hour ago) and read 3845 times:
With the european economy starting to dive, what will the airlines in the US start to do? They have been flying more and more flights to europe to make money. Will the airlines goto other continents or will they go back to the US markets, maybe find some under served markets to tap into.
SL1200MK2 From United States of America, joined Sep 2008, 32 posts, RR: 0
Reply 2, posted (6 years 8 months 4 weeks 1 day ago) and read 3711 times:
Well, perhaps this will help the industry on one hand. If the European economy is not doing well relative to the US economy which may be happening at some point, wont this mean that prices to and within Europe will be more attractive to Americans? I am not an economist of any sort but I think that this is a possibility. Now, of course there is the loss of passengers from Europe but maybe there is a silver lining to this.
EXAAUADL From , joined Dec 1969, posts, RR:
Reply 4, posted (6 years 8 months 4 weeks 23 hours ago) and read 3671 times:
Read that China is going to only have 5.5% GDP growth in 2009. I can see oil falling under $50. Hopefully Iran and Venezuela implode at those prices.
So oil as a % of total costs will fall back to historical norms. Problems is it is very likely that both yields and traffic will really fall, like50% or more.
This US recession will be the worst since1982, with unemployment officially projected to hit 8% next year. My take is it will go to 9%. In 1983 after the recession the US had 6% GDP growth followed by 7.5% GDP growth in 1984. Wont happen this time. Reagan cut taxes and Obama is raising them. Also interest rates were very very high in the US i n the early eighties, so when they fell that unleashed pent up demand for cars and houses. Wont happen this time. There is no pent up demand in the economy unlike 1980-82.
DUALRATED From United States of America, joined May 2008, 1001 posts, RR: 0
Reply 7, posted (6 years 8 months 4 weeks 16 hours ago) and read 3511 times:
Quoting AirNZ (Reply 6): Sorry, could you explain that please?
I could be wrong but I think it means that if the price of oil continues to fall, Iran and Venezuela would "implode" because oil is their bread and butter. and I would further guess that since the two countrys talked about in this thread are rouge nations to the U.S., I would venture to say thats why he hopes they implode!
AirNZ From , joined Dec 1969, posts, RR:
Reply 8, posted (6 years 8 months 3 weeks 6 days 17 hours ago) and read 3354 times:
Quoting DUALRATED (Reply 7): I could be wrong but I think it means that if the price of oil continues to fall, Iran and Venezuela would "implode" because oil is their bread and butter. and I would further guess that since the two countrys talked about in this thread are rouge nations to the U.S., I would venture to say thats why he hopes they implode!
If so, a pretty insulting comment in my opinion and one obviously not based on intelligent thought.