Delta asking pilots to take lower minimum pay and for employees to take early retirement or buyouts.
Icelandair laying off all flight attendants. This industry will not recover for years.
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I read that as the entire industry, not just Hon. The downturn is an opportunity for the industry. But for H, the odds are it’s never coming back. Tech is old, key staff will retire before investments can be made, and honestly you have to wipe out 75%+ of management to make it work and install a lot of talented rebuiler-type management. Tough combo...
you guys say this but why? A vaccine will be available in 2021. Back to normal.
That will only take place if what is left is sold.
Recovery is going to take a long time.
- Hopefully- it will wash out the weak hands and allow some real innovation and new blood to take hold.