Newcastle-9
Recession or not, don’t write off strong pent up demand. There is very strong evidence that in the financial crash of the late 00’s, people were ring fencing money for holidays.
There may be cuts to how much they will splash out, and a pragmatic review of where they go along with some cut back on those very discretionary weekend breaks and stag do’s etc but ultimately, the traditional holiday destinations in the Med and Canaries will be booming next summer, Covid permitting.
There may be cuts to how much they will splash out, and a pragmatic review of where they go along with some cut back on those very discretionary weekend breaks and stag do’s etc but ultimately, the traditional holiday destinations in the Med and Canaries will be booming next summer, Covid permitting.
The market will be split. Yes, there are people who have lost jobs and income who will have nothing to spare. But there are also those whose skills have been in demand like never before. NHS staff, logistics workers, online retailers, delivery support, utilities staff, carers, IT staff. Many of these will have earned more than before, and for most taking a holiday has not been an option. Remember too that many retirees have seen their pensions coming in as normal but have not been out spending as they usually would. So there is a pent-up market for travel out there. Maybe not as broad-based as pre-Covid, but there are plenty who look forward to traveling again when all these rules and restrictions have been lifted.
An unemployment rate of 10% - dismal - would still imply that 90% are working and bringing in an income.
An unemployment rate of 10% - dismal - would still imply that 90% are working and bringing in an income.
My point was that during the last recession the travel and airline industry proved to be more resilient than in previous downturns. Given that people place more value on a holiday these days, often at the expense of other discretionary expenditure, and the fact that there is still some money that will be flowing that was saved during lockdown, a strong holiday market in the traditional destinations shouldn’t come as a surprise.
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Anyone know the British Airways heathrow plans..seem very erratic at mo. Some colleagues planning on a few return trips next week..said I would ask! I did point out the web site!!
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According to another thread 6 regional airports are bidding for Aer Lingus routes to the USA on a three year contract from 2021 using A321LR aircraft (these a/c are currently based at Shannon). Two of the airports are BHX and MAN but not known who the other four are......NCL?
According to another thread 6 regional airports are bidding for Aer Lingus routes to the USA on a three year contract from 2021 using A321LR aircraft (these a/c are currently based at Shannon). Two of the airports are BHX and MAN but not known who the other four are......NCL?
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agreed.
without wanting to stoke up, they’re a business trying to make profit etc it seems a very tokanist move to shut NCL at this time. Crew claim they were told it was profitable, it can’t be performing any worse than everywhere else and unless the aircraft are leaving the fleet (they may be, don’t know) the saving will appear to be marginal. Except next year when the exceptional items (base closures) are shown in the accounts and makes underlying performance better than it actually was.
but this is easyJet who if I remember correctly moved ncl based aircraft to bfs at short notice to complete with a new operator there and were then
beaten into the ground by Jet2 at Ncl, they never appeared to be the dominant low cost carrier that they claimed to be....
Just my opionin, and for what it’s worth can’t see the mayor and MME ending well either (just look at how leadership at the conservative run Northumberland council is unravelling)!!
without wanting to stoke up, they’re a business trying to make profit etc it seems a very tokanist move to shut NCL at this time. Crew claim they were told it was profitable, it can’t be performing any worse than everywhere else and unless the aircraft are leaving the fleet (they may be, don’t know) the saving will appear to be marginal. Except next year when the exceptional items (base closures) are shown in the accounts and makes underlying performance better than it actually was.
but this is easyJet who if I remember correctly moved ncl based aircraft to bfs at short notice to complete with a new operator there and were then
beaten into the ground by Jet2 at Ncl, they never appeared to be the dominant low cost carrier that they claimed to be....
Just my opionin, and for what it’s worth can’t see the mayor and MME ending well either (just look at how leadership at the conservative run Northumberland council is unravelling)!!
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im guessing ncl will Be in the running but I’m guessing Edinburgh and maybe lgw will be the 2 that win.
IAG will want to go where they can make more money and keep other out like DY !!
just my guess would be nice but 10% of this happening