Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Airline Discussion Board -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (1400)	10/6/2020 7:34:16 PM
From: Sam	1 Recommendation Recommended By Moonray Respond to of 1868

Southwest flight attendants push back against call for pay cuts Oct. 6, 2020 6:13 PM ET\|About: Southwest Airlines Co. (LUV)\|By: Carl Surran, SA News Editor Southwest Airlines' (NYSE: LUV) flight attendants union rejects management's call for negotiated pay cuts to avoid furloughs, instead urging more federal aid. Before "cracking open the contracts that took us decades to obtain," the union wants to ensure that no stone has been left unturned, one local president tells Reuters, also noting flight attendant concessions may not have a large material impact on Southwest's daily cash burn. Nearly a third of Southwest's flight attendants already have agreed to voluntary departure or leave packages that will help reduce the company's payroll costs. U.S. airlines are burning through millions of dollars every day as demand hovers at ~30% of 2019 levels and revenues remain deeply depressed. D.C. lawmakers have failed to agree on a second COVID-19 stimulus plan and some airlines have started furloughing thousands of employees; Pres. Trump said today he was calling off stimulus talks until after the election. seekingalpha.com

To: Moonray who wrote (1400)	10/7/2020 1:19:54 PM
From: handyman	Read Replies (2) \| Respond to of 1868

I guarantee politicians are not going to let giant furloughs of airline employees to last very long. It would be political suicide. Flying will be back much sooner than projected and airline stocks can easily go up 30/49% and still be below 52 week highs. I am a buyer of Boeing on every dip and will continue to do so until it reaches $200. 52 week high is 378.70 and I fully expect to double my money in the next two years. The risk/reward is excellent. America must have a vibrant thriving plane maker and will do everything in its power to see that it is so. People say the market is too high but I think Boeing is way too low given where they were pre-pandemic and crashes. When the pandemic is over and the 737max is cleared to fly investors will jump back in with both feet. Meanwhile gov’t contracts are looking at record levels until people feel safe to fly in great numbers again. I can see that within the next year. Since the market looks out 6 to 12 months now is the time to buy.