News and notes from around the interweb:
- Cranky Flier explains the hard line American Airlines is taking with smaller corporate contracts and agents it’s a hard line bet against traditional business travel. Managed travel is down and will remain down.
the 6-day a week road warrior doesn’t exist. People say we’re at 80 percent today; they are waiting for the last 20 percent to come back. I would challenge that notion. If people are walking around and they look, the contract with the employees in the workplace has changed
- Baltimore airport gym added to Priority Pass showers!
- Ukraine Detains 2 Over Destruction of World’s Largest Plane AN-225 Mriya
- Plans to Build AirTrain to La Guardia Are Officially Scrapped (NYT)
They planned to do what was easiest not what was best so they could say they’d done it. Both the limited ambition and that nothing else could be done points to a bigger problem with U.S. infrastructure .. which didn’t begin to be solved by 2021 legislation .. but might have been improved somewhat by NEPA reform that Senator Manchin extracted a commitment for but Republicans killed to avoid giving Dems a win on one of ‘their’ issues. [A lawsuit literally claimed that the environmental review had to have been incomplete because it only took two years.]
- PGA golfer picks up seven figure win, flies home American Airlines coach in fairness buying up to first is often not worth it, now that there’s less legroom in the airline’s new domestic product and the food certainly isn’t worth the spend.
— Tom Hoge (@HogeGolf) March 13, 2023
- Legendary Silicon Valley VC justifies bank bailouts because.. airlines got bailouts. The negative consequences of that mistake just do not stop.
In 2020, major airlines received bailouts that also protected EQUITY holders (never considered w/ SVB). As many have noted, years of buy-backs depleted the cash that could have been used as a rainy-day fund. So arguable this was also poor risk mgmt.https://t.co/Hynp7l8C5T
— Bill Gurley (@bgurley) March 14, 2023