This is like the hot girl of your dreams laying on the bed and the industry leaders chickening out on her.
What the freak is wrong with people on this board blindly applauding to this idiocracy?
In light of the MAX saga, it doesn't seem to take much to be a Boeing CEO. I can say with confidence that I would have handled that much better than he did.
Stop putting these corporations on the pedestals, most of the time they don't know what they're doing
From IATA's August report:
With the trend in RPKs being stronger than that of
ASKs, we have seen passenger load factors reaching
all-time high levels in the recent months. This was the
case in August as well, with the industry-wide load
factor reaching 85.7%, in what is yet another monthly
record in our 30 year-long series (See Chart 4).
Yes, missing out on redundancy is unbelievable irresponsible. Many of us would have done it better.
What if the woman on the bed has a veneral disease?
Monetarism doesn't say you are wrong short/ medium term. You might be right. But low interest leads to risky behavior. So long term monetarism believes you are wrong. Next year or in fifteen years? Who knows? The most suitable example for today's situation is probably Japan.
"For three postwar decades, overall real economic growth was impressive - averaging 10% in the 1960s, 5% in the 1970s, and 4% in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the aftereffects of inefficient investment and the collapse of an asset price bubble in the late 1980s, which resulted in several years of economic stagnation as firms sought to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession four times since 2008."https://www.cia.gov/library/publication ... os/ja.html
"The Lost Decade or the Lost 10 Years (失われた十年 Ushinawareta Jūnen) was a period of economic stagnation in Japan following the Japanese asset price bubble's collapse in late 1991 and early 1992. The term originally referred to the years from 1991 to 2000, but recently the decade from 2001 to 2010 is often included so that the whole period is referred to as the Lost Score or the Lost 20 Years (失われた二十年, Ushinawareta Nijūnen). Broadly impacting the entire Japanese economy, over the period of 1995 to 2007, GDP fell from $5.33 trillion to $4.36 trillion in nominal terms, real wages fell around 5%, while the country experienced a stagnant price level. "https://en.wikipedia.org/wiki/Lost_Decade_(Japan
Comparing interest rates to Japanese growth does not make me believe low interest rates are a long term solution to growth. But then there are so many factors. Who knows what will happen?
Your "paper knowledge" of Japan's lost decade does not reflect the reality in the field.
Japan has seen a bubble and burst.
At the height of the bubble, land especially in Tokyo reached high 5 digits USD per m2. People with secure high incomes could take loans against such real estate, only to find their investment melt and lose value in the years that followed.
Now land prices can still reach 5 digits in USD per m2 at some locations in downtown Tokyo.
The lost decade applies to those who bought land at the height of the bubble rush and then could not make up for it.
However, that Japan stopped growing is not a reality.
In the 1990's, Toyota and Sony became global supercompanies. Toyota continued in that direction and still is number 1 in the world today, while Sony lost out to the Koreans who were heavily subsidised, only to see Matsushita's Panasonic take a similar scale and even a leadership role in relevant battery technology.
Tokyo has expanded and is now a city stretching out over 100 kilometers with population inching towards 40 millions.
People are and have been paying over 3% interest on their loans, a healthy interest rate, since before the bubble burst.
Japanese have record savings and Japan is now world's bank and number 1 creditor, despite its government deficit.
Shinkansens are full to the gills and running tight schedules, railway companies can barely handle peak demand with the slightest incident causing major delays.
JAL and ANA are running widebodies domestically and are commanding world's highest yields and HND is bursting at the seams, so that they had to beg Yokota AFB to give back some airspace to be able to increase slots.
All of this despite repeating natural disaters wiping out billions out of local economies every 3 to 5 years.
Does this look like an economy in distress to you?
Go ahead, compare A and B's production rate in the 1990's to today's, heck compare them to the golden 3 decades, and come again to say that we're in a lost decade.
You always have people complaining and making excuses for things that don't exist.
Boeing and Airbus are complaining that there is a widebody glut, despite that they have never ever delivered widebodies nor narrowbodies at the current pace in their history.
There is no widebody glut, there is just Boeing and Airbus asking ridiculous prices for some plastic and metal put together, airline managements growing lazy looking at cheap fuel prices and easy access to capital assets ie aircraft, not realising that leasing schemes are killing them more than helping them.
Then there are the pink glass managements who think that they're doing well despite not realising that their airline is shrinking and losing market share in a fragmenting and more and more competitive industry.
While AI and 9W shouted it out, Indigo dwarfed both of them, Spicejet is on its way to do the same, Vistara and Goair have major expansion plans to join them.
Believe me, Boeing can easily sell the additional production capacity and make tons on support.
As a big company, they have to look beyond small cyclical ups and downs, the same that brought Airbus to terminate its A380 program prematurely, and the same that brought Boeing to stop the B757 program prematurely. Imagine if Boeing had a set of Leaps on the B757 today... A 6000NM beast with no equals.
Stop sanctifying these industry leaders who don't know what they're doing.