Mo City
Active Member
If you think that graph is "wow", it doesn't even tell the whole story. Not only is available capacity ("flight volume") down, but so is load factor. The true bottom line is pax count, RPMs and revenue are down ~97%!Wow. Graph of airline traffic. They are parking US jets in the desert for storage. You are seeing $525 million dollars a day getting destroyed in the US alone.
View attachment 534660
United Airlines is forecasting to fly fewer passengers the entire month of May 2020 than they did any one day of May 2019.
That's the full story of how the airline business has been wrecked.
The COVID money U.S. carriers receive is conditional on them not furloughing or reducing salaries prior to September 30th. They will be paying a lot of folks to do nothing until then. October 1st will be a bloody massacre but at least the people affected have some time to prepare for it.