Happy New Year, everyone.
To those covering for those laid off: it will be a tough year, working hard to keep the boat afloat and with constant fear of another (inevitable?) round of layoffs.
To those who lost their jobs through VRP and "surgical restructuring of the organization" and keep reading this forum: your life will probably be easier once you get a new job at a better company where management promises align with day-to-day conduct. It will be refreshing to work for leaders who don't lie and try to convince you that the iceberg ahead can't sink the ship.
To the senior leaders: I can only imagine how hard it must be for decent people like you to pretend that you are keeping honesty as a personal value.
To the shareholders (especially the former Inmarsat owners) who have lost a lot of money: June will come, and you will finally have the opportunity to take full control, fire Gooroo and MD, put Rajeev S. in control, and try to save the day.
2025 will see a further decline in the outlook: maritime will continue its path to irrelevance (save for Inmarsat safety services), business aviation will keep falling as competition improves the support model, energy may find a buyer, commercial aviation will see more customers going to Starlink or Kuiper (my bet is THE large Asian-based airline and another US airline, after United). Domestic aviation does not deserve mention.
Be safe!