Originally Posted by
Transition Layer
I’m not convinced LCC will be the saviour out of COVID. For the vast majority of the Australian public, this has been merely a blip on the radar of their earnings and savings. With their bank accounts overflowing and property prices holding up,I think they’ll be less inclined to travel on LCCs, at least in the short term. They’ve all had a bad experience with a last minute cancelled JQ flight and the lack of ground support that goes with it.
Obviously if a recession kicks in, all bets are off, but initially I think full cost will be popular for the leisure market, especially if uncertainty about borders still exists and the possibility of cancellations abounds.
property is well & truly stuffed after overly generous welfare ends. Might take a few months. ANZ bank says June/July. Media will overhype it as usual & concentrate on all the mortgagee in possession auctions with no reserves.
Anyone who pays top dollar for any real estate now is crazy. Jetstar doesn't have a good name but either does Qantas.