AAL et alia - Bankruptcy Risk
- Thread starter kmiklas
- Start date
NorgateData
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Deja vu? The following charts show the last as-traded price for these bankrupt airline companies, usually when they were trading as OTC/Pink Sheets prior to becoming defunct.... (and there's plenty more bankrupt airline company charts that look like this)
The original American Airlines did emerge from bankruptcy:
to become AAL
The original American Airlines did emerge from bankruptcy:
to become AAL
Time stamp 2:30, on YouTube video
Global Business Travel trade association:
https://www3.gbta.org/webmail/5572/...ddb7ec0851dfea9e5553b64bd909eac2cb23ad04a6b52
The global business travel industry continues its progress towards full recovery to 2019 pre-pandemic spending levels of USD $1.4 trillion, but recovery has hit some headwinds. Just as many COVID-related recovery conditions have improved, many macroeconomic conditions deteriorated rapidly in early 2022. These new developments are impacting the timing, trajectory, and pace of business travel’s recovery, both globally and by region, pushing the forecast for full recovery into 2026 instead of 2024 as previously forecasted
As of Friday 20220902, implied probability of default on the 5yr benchmark CDS was ~73%, 5yr CDS itself trading around 1492 bps
Since end of COVID I traveled from Singapore (home base) to Spain, Singapore to England/France/Spain, Singapore to Bali, Singapore to Bangkok and will do a Singapore to Melbourne and Sydney by year end. All is nearly back to normal, as soon as I can stop wearing these ridiculous masks.
I held United Airlines til the end in 2002...
I held United Airlines til the end in 2002...
(The Daily Upside)
TRAVEL
Business Travel is Slow to Rebound in the Remote Work World
(Empty seats on a Southwest Airlines flight; Photo by Kevin Dooley)
These days, most travel is for pleasure, not business.
Even with inflation, tourism is booming this year — because nothing quite quells the anxiety of rising prices like a relaxing beach town trip, however many delays were involved in getting there. But corporate types are resisting a return to the hotel-hopping, frequent-flier-mile-collecting lifestyle much like how their underlings oppose going back to office cubicles. That’s creating a lot of displeasure for an industry highly reliant on high-margin business travel.
Business Class Clowns
Your Instagram feed full of pics from friends’ summer trips to Miami, Hawaii, and Austin is no outlier — US air travel topped pre-pandemic 2019 levels this Labor Day weekend, and airlines are predicting tourism to remain white-hot. But business travel is a whole other story, with the sector remaining around 30% lower than the pre-pandemic days, the Associated Press reported Tuesday.
Now, experts say corporate travel faces a long ascent before reaching the cruising altitudes of the pre-COVID glory days. Airlines are blaming big corporations more than small businesses:
• One obvious anchor dragging down business travel: remote work. Even if one company is fully back in office, sending its employees out to visit clients is entirely dependent on another company’s remote work policies — “On the corporate side, it just takes a little more to restart that because there are so many moving parts,” Chuck Thackston, data research lead at travel logistics firm the Airlines Reporting Corp., told the AP.
• Southwest Airlines says its biggest corporate clients — banking, consulting, and tech firms — have been slow to return to airports as costs soar, even as government, education, and small business workers resume travel. According to travel-management company CWT, business airfare has jumped 50% this year, while hotel rates are up 19%.
Flight Delay: The Global Business Travel Association now says corporate travel likely won’t hit pre-pandemic rates until mid-2026, an 18-month revision from previous estimates. That’s costing airlines and hotels billions of dollars: business travel generated $1.4 trillion in 2019, the agency says, and will only notch $933 billion this year. Perhaps it's unsurprising, given that even a routine commute to the office now feels as arduous a cross-country journey.
TRAVEL
Business Travel is Slow to Rebound in the Remote Work World
(Empty seats on a Southwest Airlines flight; Photo by Kevin Dooley)
These days, most travel is for pleasure, not business.
Even with inflation, tourism is booming this year — because nothing quite quells the anxiety of rising prices like a relaxing beach town trip, however many delays were involved in getting there. But corporate types are resisting a return to the hotel-hopping, frequent-flier-mile-collecting lifestyle much like how their underlings oppose going back to office cubicles. That’s creating a lot of displeasure for an industry highly reliant on high-margin business travel.
Business Class Clowns
Your Instagram feed full of pics from friends’ summer trips to Miami, Hawaii, and Austin is no outlier — US air travel topped pre-pandemic 2019 levels this Labor Day weekend, and airlines are predicting tourism to remain white-hot. But business travel is a whole other story, with the sector remaining around 30% lower than the pre-pandemic days, the Associated Press reported Tuesday.
Now, experts say corporate travel faces a long ascent before reaching the cruising altitudes of the pre-COVID glory days. Airlines are blaming big corporations more than small businesses:
• One obvious anchor dragging down business travel: remote work. Even if one company is fully back in office, sending its employees out to visit clients is entirely dependent on another company’s remote work policies — “On the corporate side, it just takes a little more to restart that because there are so many moving parts,” Chuck Thackston, data research lead at travel logistics firm the Airlines Reporting Corp., told the AP.
• Southwest Airlines says its biggest corporate clients — banking, consulting, and tech firms — have been slow to return to airports as costs soar, even as government, education, and small business workers resume travel. According to travel-management company CWT, business airfare has jumped 50% this year, while hotel rates are up 19%.
Flight Delay: The Global Business Travel Association now says corporate travel likely won’t hit pre-pandemic rates until mid-2026, an 18-month revision from previous estimates. That’s costing airlines and hotels billions of dollars: business travel generated $1.4 trillion in 2019, the agency says, and will only notch $933 billion this year. Perhaps it's unsurprising, given that even a routine commute to the office now feels as arduous a cross-country journey.