Re:American Air’s $1 Price Target at Evercore Implies 92% Co...
by toomuchtodo on Tuesday May 05, 2020 @09:07AM
(#23079593)
Let Them Use Zoom. /s
Seriously though, we’ve become extremely accustom to a mode of travel (air travel costs have deflated over the last several decades) that generates ~3% of the world’s CO2 emissions. Anything that scales that back so essential travel is the majority of air travel is a good thing.
High level, we’re forced by COVID to re-evaluate what we perceive as needs, and what actual needs are. Again, this is a good thing, and pushes back against cultural inertia (open office plans, face to face for biz travel, commuting to work when you could just as easily work from home, etc).
Seriously though, we’ve become extremely accustom to a mode of travel (air travel costs have deflated over the last several decades) that generates ~3% of the world’s CO2 emissions. Anything that scales that back so essential travel is the majority of air travel is a good thing.
High level, we’re forced by COVID to re-evaluate what we perceive as needs, and what actual needs are. Again, this is a good thing, and pushes back against cultural inertia (open office plans, face to face for biz travel, commuting to work when you could just as easily work from home, etc).