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Delta Lost $12 billion in 2020

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Comments

  • PurpleThrobber
    PurpleThrobber Member Posts: 48,703 Standard Supporter
    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.
    As the guy who actually writes the checks....disagree.

    Don't waste my time with shit - tell me what your product does, how much it costs and how it can save/earn me money.

    MS Team forever. Saves kicking lowlifes out of the office. Ooops...lost internet connection. Well, bye.

  • creepycoug
    creepycoug Member Posts: 24,340
    edited January 2021
    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.
    I thought you went to Shelton Country Day School, where you started the fad of wearing pink Vineyard Vines shorts and the untucked seafoam green oxford.

    My entire image of you has changed man.
  • whlinder
    whlinder Member Posts: 5,397
    Are we talking about airline service levels or airline financial performance?

    Good services levels do not necessarily lead to good financial results. Southwest has been the financial bell cow of the industry for 40 years and doesn't give you food or first class. Allegiant does quite well without many of the amenities that others have. I agree that Delta and Alaska are solid airlines in terms of service and they happen to be among the best managed airlines. (Hey look, Alaska's top two leaders have certificates/degrees from Foster)

    There is a ton of international pent up leisure demand which will be unleashed when borders open up. Business travel though is going to take longer.
  • creepycoug
    creepycoug Member Posts: 24,340
    whlinder said:

    Are we talking about airline service levels or airline financial performance?

    Good services levels do not necessarily lead to good financial results. Southwest has been the financial bell cow of the industry for 40 years and doesn't give you food or first class. Allegiant does quite well without many of the amenities that others have. I agree that Delta and Alaska are solid airlines in terms of service and they happen to be among the best managed airlines. (Hey look, Alaska's top two leaders have certificates/degrees from Foster)

    There is a ton of international pent up leisure demand which will be unleashed when borders open up. Business travel though is going to take longer.

    Great point.
  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,824 Standard Supporter
    edited January 2021
    Are airlines really going to be stupid enough to require proof of vaccination? I, and many others I know, will not fly if that's the case. We just won't.

    Quasi-tug comment, but relevant.