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TopicStock Topic 7
red sox 777
07/06/20 8:19:06 PM
#330:


TSA numbers for the July 4 weekend (and week over week percentage change):

July 2 (Thursday): 764,761 (+22.63%)
July 3 (Friday): 718,988 (+13.59%)
July 4 (Saturday): 466,669 (-14.58%)
July 5 (Sunday): 732,123 (+15.51%)

Those are the highest numbers since March. I think with the airlines, realistically they are either going up (if there is no bankruptcy) or down (if they go bankrupt). It's hard for them to stay at current levels.

We are lucky to have a President and Congress who themselves fly every week, and therefore see flying as an absolutely essential basic need. Although AAL is probably the weakest airline and sometimes the government lets the weakest company in the group fail to try to encourage some level of fiscal prudence in the future. They let Bear Stearns and Lehman Brothers fail, and they only saved GM after all the shareholders got wiped out.

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