7 ms·

No Southwest and American airlines stand to lose the most. Nothing is worse for an airliner than a grounded jet. As an aside, do you know who actually owns mos

No Southwest and American airlines stand to lose the most. Nothing is worse for an airliner than a grounded jet. As an aside, do you know who actually owns most of the jets for an airliner? Banks like wells fargo and chase. They still expect leasing payments regardless if the plane is flying or not.

isostatic 8y ago
10% of Those airlines fleets (Apr Canada too) Flydubai is the biggest loser - over 20% of their fleet grounded.
- Scoundreller 8y ago
  Those calculations are always crude. Airlines typically fly many sizes and shapes of planes. And usually more of the smaller planes. But You can’t just drop in a Dash8 q400 twin turboprop for your grounded MAX. And the MAX could fly further than the 737; so it opened new routes that the 737 could not do.
  - isostatic 8y ago
    Of course they're crude, however the fact remains that with very few hours in the air, 2 737-maxs have crashed in similar circumstances, both under 6 months old. If this doesn't raise concerns, what does.
iak8god 8y ago
> Nothing is worse for an airliner than a grounded jet. Those airlines clearly think the probability of this is pretty low or they would have make the call to ground those planes on their own, but a jet that smashes itself into the earth and disintegrates because of a faulty sensor is probably even worse than a grounded jet.
- blackflame7000 8y ago
  Not quite because the Airline can turn around and sue Boeing so there is some recourse. Furthermore, people aren't blaming Ethiopian airlines they're blaming Boeing, so the reputation damage to the airline would likely be minimal. The reason why they can't easily sue Boeing over the grounded airplanes is that they don't own them, the banks do.
propogandist 8y ago
So you're saying the airline stocks should be shorted?
- blackflame7000 8y ago
  If you look at the 5-day chart for southwest, you will see 2 big drops that correspond to Monday opening bell and the faa announcement. https://www.google.com/search?q=southwest+stock https://www.google.com/search?q=southwest+stock But the reason why I'm not a day trader is that I have no idea why they rebounded so quickly haha
  - dclowd9901 8y ago
    Traders operate on all kinds of time scales, and most trading is done based on algorithms that account for the fundamentals more than of-the-day news. It's likely that holding SW is good for the long term as people make more money and continue to fly more.
ulfw 8y ago
No. Nothing is worse for an airline than to lose a plane, to lose lives. You don't ever want that to happen.
- Gibbon1 8y ago
  My company sent me on gig to a petroleum pipeline once. Gig was a result of an accident where a couple of people were burned alive in their homes when the pipeline exploded. Maintenance guy I met said one the engineers went down to the accident site to supervise. That night came back to the office, sat down and threw up on his desk. Personally I never want to be that guy.
dclowd9901 8y ago
> Nothing is worse for an airliner than a grounded jet. I'd say a spotty record is probably worse...

isostatic 8y ago

10% of Those airlines fleets (Apr Canada too) Flydubai is the biggest loser - over 20% of their fleet grounded.

Scoundreller 8y ago
Those calculations are always crude. Airlines typically fly many sizes and shapes of planes. And usually more of the smaller planes. But You can’t just drop in a Dash8 q400 twin turboprop for your grounded MAX. And the MAX could fly further than the 737; so it opened new routes that the 737 could not do.
- isostatic 8y ago
  Of course they're crude, however the fact remains that with very few hours in the air, 2 737-maxs have crashed in similar circumstances, both under 6 months old. If this doesn't raise concerns, what does.

iak8god 8y ago

> Nothing is worse for an airliner than a grounded jet. Those airlines clearly think the probability of this is pretty low or they would have make the call to ground those planes on their own, but a jet that smashes itself into the earth and disintegrates because of a faulty sensor is probably even worse than a grounded jet.

blackflame7000 8y ago
Not quite because the Airline can turn around and sue Boeing so there is some recourse. Furthermore, people aren't blaming Ethiopian airlines they're blaming Boeing, so the reputation damage to the airline would likely be minimal. The reason why they can't easily sue Boeing over the grounded airplanes is that they don't own them, the banks do.

propogandist 8y ago

So you're saying the airline stocks should be shorted?

blackflame7000 8y ago
If you look at the 5-day chart for southwest, you will see 2 big drops that correspond to Monday opening bell and the faa announcement. https://www.google.com/search?q=southwest+stock https://www.google.com/search?q=southwest+stock But the reason why I'm not a day trader is that I have no idea why they rebounded so quickly haha
- dclowd9901 8y ago
  Traders operate on all kinds of time scales, and most trading is done based on algorithms that account for the fundamentals more than of-the-day news. It's likely that holding SW is good for the long term as people make more money and continue to fly more.

ulfw 8y ago

No. Nothing is worse for an airline than to lose a plane, to lose lives. You don't ever want that to happen.

Gibbon1 8y ago
My company sent me on gig to a petroleum pipeline once. Gig was a result of an accident where a couple of people were burned alive in their homes when the pipeline exploded. Maintenance guy I met said one the engineers went down to the accident site to supervise. That night came back to the office, sat down and threw up on his desk. Personally I never want to be that guy.

dclowd9901 8y ago

> Nothing is worse for an airliner than a grounded jet. I'd say a spotty record is probably worse...