So, some of you id–ts think there will be minimal layoffs? 90% of the world aircraft fleet is parked, and numerous airlines are on the brink of disappearing forever. The ones that DO get bailed out will take several years to get back to any decent traffic levels. Several of the major airlines are downsizing their fleets, regardless of what happens with Covid-19. That means very few airlines want or need new planes. Oh, and now that the price of oil has dropped to an all-time low, there's even less incentive to but new.
David Calhoun. Guess where he came from? GE, where he was mentored by Jack Welch, one of the kings of layoffs. Do you really think that they are going to continue full employment to make jets that nobody wants to buy? Get real. Huge layoffs are on the way. Yeah, you can take the VLO or wait for the ILO, and maybe get called back in 4-6 years, if and when the travel market fully recovers.
They just cleaned house in Chicago yesterday, which should be a big clue. Hey, maybe you shouldn't have bought that $75,000 pickup or the big, new boat. I know a lot of people with lots of toys and big bills that barely make it now.
If you think it's going to be business as usual at The Kite Factory, you need medication.