Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Delta Lost $12 billion in 2020

1568101114

Comments

  • dflea
    dflea Member, Swaye's Wigwam Posts: 7,287 Swaye's Wigwam
    Swaye said:

    dflea said:

    Swaye said:

    I like Delta and Alaska. Other US airlines can fuck off.

    Yeah, I think there is a huge pent up demand for travel, so the airlines and hospitality industries will bounce back.

    I’m not as convinced that business travel will ever return to pre-COVID levels though, but I’m by no means an expert.

    Agree. Here at Orkin we are exploring greatly reduced air travel even in a post Covid world. For North American clients we have T&E built on top, but for the rest of the globe that came right out of hide in the contract. Someone in finance realized what our new margins are without travel, and the fact that new clients still pay the same whether we are going anywhere or not. Yeah, business travel will NEVER return to pre-Covid levels. Ever.
    This is what all the corporate folks are saying. It will last until your competition meets customers face-to-face and steals them, and then everyone will be back in the air again.

    I'm not giving my business to someone who won't meet with me in person, and I think a lot of people are like that. Fuck Zoom meetings. Air travel isn't something a company wants to spend money on but they're going to find out you have to if you want to be a winner.

    I went to Shelton High School and have a lowly bachelor's degree in Econ from lowly UW, though. so you may hear differently from the MBA holders about this.
    Counterpoint! I do agree some travel will come back, but not all. Let me give an example. Say I had a client on a 3 week job. Before Covid I would fly out and do a few days onsite with them, go home, fly back 2 weeks later to deliver some executive outbrief for two hours. In the future, the executive outbrief will be done remotely. Sure, fly out once to meet them and kiss babies, but much of the world will now see the uselessness of spending 1500 bucks going back for a two hour brief. I absolutely know business travel will be impacted by this calculus. Covid got everyone used to stupid Zoom calls. It's going to make a difference, at least for me. No more platinum 1K, probably ever. Thank Christ.
    Interesting point and I hear you, but I don't think that spending the 1500 is useless. Covid got people used to Zoom, but it's inferior to a face-to-face for virtually everything I can think of.

    After you've been married a decade and have another ankle biter, you'll be looking to make that second trip and maybe a third one.
  • HoustonHusky
    HoustonHusky Member Posts: 6,011

    I’m not anti vax myself but the blind faith in vaccines and science message is propaganda. People have had seriously adverse and sometimes long term effects from vaccines.

    Side discussion (tug), but I view it as a risk/reward situation. If you are high risk (age/diabetes/respiratory issues) it makes sense to get it...if you are relatively young and healthy why bother when your long-term adverse risk of catching it is very small.

    The insanity of vaccine passes and keeping things shut down will go away rapidly now that the election is over...Cuomo's tweet was a clumsy confirmation of that. By April/May everything will be open, although I don't think people will be back to their pre-Covid habits.
  • creepycoug
    creepycoug Member Posts: 24,282

    I’m not anti vax myself but the blind faith in vaccines and science message is propaganda. People have had seriously adverse and sometimes long term effects from vaccines.

    Side discussion (tug), but I view it as a risk/reward situation. If you are high risk (age/diabetes/respiratory issues) it makes sense to get it...if you are relatively young and healthy why bother when your long-term adverse risk of catching it is very small.

    The insanity of vaccine passes and keeping things shut down will go away rapidly now that the election is over...Cuomo's tweet was a clumsy confirmation of that. By April/May everything will be open, although I don't think people will be back to their pre-Covid habits.
    That's a reasonable position to take. It more or less mirrors mine. At 52, I'm not sure whether I'm going to get it or not. I'm relatively healthy, but I'm no spring chicken.
  • whlinder
    whlinder Member Posts: 5,387
    So United lost 7.1b in 2020, 7.7b on an adjusted basis.

    US Airlines will probably top 40 billion in losses in 2020. Given their borrowing, I don't think many will have to file Chapter 11 unless this drags on all 2021, but it will hinder their performance in the future for sure.