The real estate market ought to tell us a bit of information in the coming months. I know of numerous people relocating as divisions of companies are going virtual full-time with offices closing. These people are leaving their apartments and looking to move.
You might be on to something, June Central Indiana home sales were only down 3% yoy.....https://www.ibj.com/articles/central-in ... ly-in-june
Unemployment in Indy is very low compared to the rest of the nation, for May it was only 10.2% and that was with stay at home orders in place until the end of the month. If you look at markets of similar size or larger, only Phoenix, Washington , Salt lake city, and Baltimore were lower.https://www.bls.gov/web/metro/laulrgma.htm
Given none of Indy's largest employers are in sectors impacted severely by the virus I would expect Indy's economy to return faster than the national average.
Indiana is flat broke spring and fall break at college is canceled .. They will run “straight through “ get out at thanksgiving and not return..
If not for FedEX IND would be millions of dollars in the red .. Delta is giving up gates ...Air Canada is gone.
Not all bad news Chick Fillet will reopen Thursday
As I have explained before, Indiana's budget or financial position does not impact the air service incentive dollars. The $25M has already been received (hence how they paid for IND-CDG), and by law it can only be used for air service incentives.
DL is giving up gates? I'm pretty sure they only lease 5, someone verified that upthread I believe.
AC I highly doubt is gone long-term
The reality I see is that AA, WN, and G4 will be the biggest players in IND in the next couple years. If DL isn't the #1 US3 in IND anymore, the value of IND-CDG goes way down for them. For the consumer as well, if DL isn't operating IND-SEA/MCO/BOS/CDG/e.t.c why would I choose them over AA?
Bit of a chicken and egg thing. Indeed, if DL cedes LAX and eliminates SEA/BOS and potentially others, it'll be tough to maintain their level of service. Indeed, I think WN and G4 have already been doing a bit better because the leisure traveler is returning right now, not the business traveler. For as long as that's the case, these business heavy routes will suffer.
If they cede 2/3 of those, AA has business travel locked up from IND, especially now since they can codeshare with AS on IND-SEA.
Still a bit frustrating IND has IND-SFO right now, and not IND-LAX/BOS.
Perhaps we'll see a lesser emphasis on the previous hub flying versus some of Delta's p2p trans oceanic network moving forward. Yes, these non-hub flights rely on a stronger base of travelers for their existence without the hub connection and feed opportunities, but I've noticed a lot of companies and people working for companies, are relocating to places outside major cities. Perhaps the actual demand comes back at a faster pace in some of the secondary markets. I won't be surprised if we see DL continue to operate a Europe flight come summer 21, but would imagine several other parts of the network (think seasonal NYC) are cut big time. Either way, I think it's a matter of a year or two before IND get another Europe flight, wether thats DL or not.
As a fellow Hoosier I appreciate the optimism. But there is basically no chance IND-CDG returns. With the EU closed indefinitely to US citizens and DL scaling back at IND this route has no chance. IND was lucky to have had such service but it will be 10+ years (if at all) before IND has another direct link to Europe. The aviation world is completely changed with COVID and the city of Indy can’t justify the subsidies for such low loads.
10+ years? I don't think so. I think a Euro flight(may not be IND-CDG) will be back when demand warrants it, but I can't see that being more than 5 years into the future.
The majority of onward connections for IND-CDG were to India (BOM/DEL/BLR), due to corporate ties between the regions. Given the time zone issues and nature of the work, you can't replace that business travel with video conferencing