1984 wasn't so bad.
Posted on 02/17/2021 5:36:15 AM PST by vg0va3
U.S. passenger airline traffic fell 60.1% in 2020 to the lowest number since 1984 as the COVID-19 pandemic devastated demand for air travel, the U.S. Transportation Department said on Tuesday.
In total, there were 368 million passengers in 2020, down from 922.6 million in 2019. The previous yearly low was 351.6 million in 1984, the department said.
December air travel fell 62%, slightly more than the decline in November, the department said. For all of 2020, U.S. domestic air travel fell by 58.7%, while international travel fell 70.4% as many countries imposed significant travel restrictions. U.S. airlines say air travel demand remains down more than 60% through early February.
Airlines for America, an industry trade group representing American Airlines, Delta Air Lines, United Airlines, Southwest Airlines and others, said the nine largest U.S. airlines lost $46 billion before taxes in 2020 and said that passenger volumes are unlikely to return to pre-COVID-19 levels before 2023 or 2024.
U.S. citizens are still barred from travel to much of Europe and other countries, and business travel remains severely depressed. The number of flights operated by U.S. carriers remains down about 45%.
A $1.9 trillion COVID-10 relief bill making its way through Congress would allocate another $14 billion to extend payroll assistance to U.S. airlines to keep thousands of workers on the job through Sept. 30.
Congress has previously approved $40 billion in payroll assistance for U.S. airlines and $25 billion in low-interest loans.
(Excerpt) Read more at foxbusiness.com ...
I have found taking a long drive to be very enjoyable.
750,000 new unemployed every week, but the DOW is 31500.
Everything is fine...
My local airport is bak to 75% for commercial and up about 300% GA.
Can’t build hangars fast enough here in Montana.
Yeah, but American Airlines stock has been going up lately, so it doesn’t matter. Wall Street is magic!
1984 wasn't so bad.
That is because Wall Street Companies are extracting the wealth from Main Street.
"Coffee tea or something stronger
To start off the day
Well it's a Bloody Mary morning
Cause I'm leavin' baby somewhere in LA..."
That’s what happens with trillions in gov stimulus and trillions more from stimulus from the federal reserve. $ has to go somewhere and its largely going into stocks, housing and bitcoin at the moment.
I was being a smartass.
Everything is not fine.
Pain is coming, it’s just a matter of when and for how long.
I hate airline travel both from the regulatory standpoint where I am assumed to be a terrorist and in the flying on airlines themselves. My 6’1” frame just doesn’t fit and I’m not interested in cramming in close with strangers who may have all kinds of cooties.
I do enjoy actually enjoy flying itself. Just not in the cramped, crowded aluminum tubes the airlines cram you into.
I’ll drive thank you.
Gee, I wonder how that could be....
Not so sure that pic is 1984 but I’ve been saying all 2020 it sure feels like 1984! And here we are....
Lord have mercy, that’s not ‘80s. That’s ‘60s. Yech.
1984? The irony.
Im calling BS, I flew last year and the planes were full and the airports were jam packed. TSA wait was 15-30 minutes. There were no empty seats at the waiting gates!!
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