Latest / Brian Thomas / IHeartMedia Aviation Expert Jay Ratliff

Transcript

IHeartMedia Aviation Expert Jay Ratliff · Brian Thomas

• 0:00
  Speaker 1: KRS Deep Talk Station, Say thurday to think about Kris City
• 0:05
  Speaker 1: Talk Station. It's Friday Eve. It's that time of week
• 0:07
  Speaker 1: we get to hear from and get the pleasure of
• 0:09
  Speaker 1: the conversation with iHeartMedia Eightation expert Jay Rattlof Jay Rathlick,
• 0:13
  Speaker 1: my friend, welcome back to the program. So it's always
• 0:15
  Speaker 1: a real pleasure to have you on.
• 0:17
  Speaker 2: Telling Joe, it seems like last year since the last
• 0:19
  Speaker 2: time we talked.
• 0:19
  Speaker 1: I know, but you know what, vacations are a good thing.
• 0:22
  Speaker 1: I missed talking to you when I'm on vacation, but
• 0:24
  Speaker 1: you know, the vacation is a good thing. But we'll
• 0:26
  Speaker 1: make up time today.
• 0:27
  Speaker 2: And you know what me, I was tempted to send
• 0:30
  Speaker 2: you a hey, it's Thursday, miss you text, but you're
• 0:32
  Speaker 2: on vacation.
• 0:33
  Speaker 3: Stuff here. Hey, I'm gona leave me alone so we
• 0:34
  Speaker 3: can relax.
• 0:35
  Speaker 1: Well, I would have enjoyed that and appreciated that it
• 0:37
  Speaker 1: wouldn't have interrupted my relaxation. Been a reminder that by
• 0:42
  Speaker 1: the time I got your message, I just woke up
• 0:45
  Speaker 1: and it was after the morning show is over. Hey,
• 0:47
  Speaker 1: we real quick, you know I saw a curveball you
• 0:49
  Speaker 1: real quick. I just want to find out, what the
• 0:50
  Speaker 1: hell's the deal with Boeing. Apparently they took another two
• 0:53
  Speaker 1: hundred and eighty million dollars hit on their their their
• 0:56
  Speaker 1: Air Force one plane order. They got two of them
• 0:58
  Speaker 1: on order, been on order for you years and years.
• 1:01
  Speaker 1: As matter of fact, I think they signed a contract
• 1:02
  Speaker 1: back in twenty eighteen. They say the total estimated losses
• 1:07
  Speaker 1: on the Air Force one program are currently two point
• 1:10
  Speaker 1: eight billion dollars.
• 1:13
  Speaker 3: Yes, yes, yes, yes yes.
• 1:15
  Speaker 2: And President Trump said, I will buy two of them
• 1:18
  Speaker 2: from you, he was the president at the time. If
• 1:20
  Speaker 2: you give us this predetermined price. Boeing said absolutely, We'll
• 1:24
  Speaker 2: jump all over that. Well, then Boeing had production delays,
• 1:27
  Speaker 2: they had a bunch of other things that happened, COVID
• 1:30
  Speaker 2: bunch of delays, and they had some other things pop up.
• 1:33
  Speaker 2: And right now that's not going to cost as I understand,
• 1:37
  Speaker 2: it's us any money. It's all Boeing until they get
• 1:40
  Speaker 2: their act together, they get it squared away. Yeah, they're
• 1:43
  Speaker 2: losing money in a lot of it. So of course,
• 1:45
  Speaker 2: the last group on the planet that I would want
• 1:48
  Speaker 2: anybody to rush on anything would be Boeing building Air
• 1:52
  Speaker 2: Force one. So let's just hope everything's like it's supposed
• 1:55
  Speaker 2: to be.
• 1:56
  Speaker 1: But I guess the figure the law. I understand they
• 1:58
  Speaker 1: locked in a price earl on that's the smart play.
• 2:01
  Speaker 1: That's what smart business people do, and government rarely does
• 2:04
  Speaker 1: it that way. But they're losing at that price two
• 2:08
  Speaker 1: point eight billion dollars.
• 2:11
  Speaker 2: That's now, Brian, wait till they're finished and we see
• 2:14
  Speaker 2: what the total number is going to be.
• 2:16
  Speaker 1: So yeah, well, I guess I'm wondering what rare earth
• 2:20
  Speaker 1: materials are some you know, a scarce supply item is
• 2:24
  Speaker 1: in a in an air Force one plane. It makes
• 2:26
  Speaker 1: them so much damn money. How can a plan how
• 2:28
  Speaker 1: can you lose two point eight billion dollars? What's the
• 2:31
  Speaker 1: price tag on an individual plane?
• 2:33
  Speaker 2: Well, it spends on the type of aircraft, But Brian,
• 2:35
  Speaker 2: when you're talking about every single component on that aircraft.
• 2:39
  Speaker 3: And the second one that's being killed, it's going to
• 2:42
  Speaker 3: be higher.
• 2:43
  Speaker 2: Where maybe they've not locked in the price on specific items.
• 2:46
  Speaker 2: The increased cost of production, delivery, everything that everybody's paying now,
• 2:51
  Speaker 2: especially with higher fuel costs and things of this nature,
• 2:54
  Speaker 2: Boeing's absorbing. It's just what they're doing, and it's it's unfortunate. Now,
• 2:59
  Speaker 2: look if they're thinking out seven thirty seven, seven eighty seven,
• 3:02
  Speaker 2: seven triple sevens.
• 3:04
  Speaker 3: That's one thing.
• 3:05
  Speaker 2: They've got the production line where they can absorb some
• 3:07
  Speaker 2: of those costs over time over a large number of
• 3:11
  Speaker 2: aircraft or units being being created and delivered here, that's
• 3:16
  Speaker 2: not the case. You've got to it's a highly specialized item,
• 3:19
  Speaker 2: custom work if you will. And yeah, President Trump knew
• 3:24
  Speaker 2: in twenty eighteen he was not going to see the
• 3:26
  Speaker 2: aircraft during that administration or probably the next. And it's
• 3:30
  Speaker 2: the same thing now. It's going to be pushed well out.
• 3:32
  Speaker 2: The next president or president's is going to get the chance.
• 3:35
  Speaker 3: To enjoy it. But it's it's kind of the way.
• 3:39
  Speaker 1: The Bowing has been doing things over the.
• 3:41
  Speaker 3: Last summer years.
• 3:41
  Speaker 2: They just they can't get out of their way in
• 3:44
  Speaker 2: a lot of areas, and this is just something that
• 3:47
  Speaker 2: if they could have a do over.
• 3:48
  Speaker 1: They would, I guess no, thank you.
• 3:50
  Speaker 2: But we don't want anybody but Boeing building air Force one.
• 3:53
  Speaker 3: Come on, we don't.
• 3:54
  Speaker 2: We don't want anybody but American company with all the
• 3:57
  Speaker 2: American companies connected with it involved in this project, because
• 4:00
  Speaker 2: we want it to be built in America. You don't
• 4:02
  Speaker 2: want to order air Force one from China.
• 4:05
  Speaker 1: Fair enough, Well, I think we have enough time in
• 4:07
  Speaker 1: the remaining minute. In this segment, Allegiant has apparently rolled
• 4:10
  Speaker 1: out its own first class seating option. How is this
• 4:13
  Speaker 1: different from perhaps the others, Well, I mean.
• 4:16
  Speaker 2: It's great because the ultra low cost carrier announced this
• 4:20
  Speaker 2: week they're going premium. So this is an airline that
• 4:23
  Speaker 2: started as a travel agency, then they started a little
• 4:25
  Speaker 2: charter company on the side, and then they became a
• 4:28
  Speaker 2: scheduled airline and now they you know, all over the
• 4:30
  Speaker 2: country and international as far as their destinations, and they're saying, look,
• 4:35
  Speaker 2: our customers are saying they'd like first class. So starting
• 4:37
  Speaker 2: next next year twenty.
• 4:39
  Speaker 3: Seven, we're going to put these flush teams.
• 4:41
  Speaker 2: In and we're going to offer it as an option
• 4:43
  Speaker 2: about eight eight of these per aircraft, and if fastngers
• 4:46
  Speaker 2: want to spend a little bit more for larger seats
• 4:48
  Speaker 2: some additional services, we're going to make it available for them.
• 4:51
  Speaker 2: That's a popular move around most of the low cost carriers.
• 4:54
  Speaker 2: We saw Frontier and others doing the same thing. And
• 4:57
  Speaker 2: you know, for those that have a desire for extra legro,
• 5:00
  Speaker 2: you know you're talking about you know, for a little
• 5:02
  Speaker 2: bit extra money, it's certainly something that I would be interested.
• 5:07
  Speaker 2: Allegiance a great carrier. They're kind of the ones that
• 5:11
  Speaker 2: helped open up the flood.
• 5:14
  Speaker 3: Gates, if you will here now.
• 5:15
  Speaker 2: Frontier was the first and an Allegiance quickly followed their lead.
• 5:19
  Speaker 2: But they've expanded at Cincinnati quite a bit. And what's
• 5:23
  Speaker 2: very very interesting is when you look at the low
• 5:26
  Speaker 2: cost carrier models right now, they are at a point
• 5:29
  Speaker 2: where more customers want to spend more money, and they
• 5:33
  Speaker 2: love it because that's a higher yield or profit for
• 5:35
  Speaker 2: a passenger. So as often as many people want those,
• 5:38
  Speaker 2: they're going to try to cram those seats in there
• 5:40
  Speaker 2: and make them available. And I'm thrilled it's there because
• 5:43
  Speaker 2: I want Southwest and Frontier and Allegiant all to offer that.
• 5:46
  Speaker 2: So if I do travel them, and I want you
• 5:49
  Speaker 2: every chance I can, I've got that option if I
• 5:51
  Speaker 2: want to spend a few extra dollars, and believe me,
• 5:52
  Speaker 2: I will.
• 5:53
  Speaker 1: It makes perfect sense, especially when you're spending a few
• 5:55
  Speaker 1: extra dollars for a first class seat on a low
• 5:58
  Speaker 1: cost carrier. It's still a lower cost alternative first class
• 6:02
  Speaker 1: seat than flying on one of the major carriers.
• 6:04
  Speaker 2: Right, absolutely, and sometimes they actually slip up and say
• 6:07
  Speaker 2: thank you, so we.
• 6:08
  Speaker 1: Don't get oh wow, heaven forbid good customer service on
• 6:12
  Speaker 1: top of a good price by yeah, yeah, for sure.
• 6:15
  Speaker 1: Well that's why they, along with Frontier, apparently are doing
• 6:18
  Speaker 1: so well. And we got a little information about Frontier
• 6:20
  Speaker 1: plus are you kidding me? A United Delta merger? More
• 6:23
  Speaker 1: with Jay Ratlift Don't.
• 6:24
  Speaker 4: Go away fifty five KRC.
• 6:27
  Speaker 1: Hey Gary Salvan here for shut off tool rep Talk station.
• 6:30
  Speaker 1: Have you ever been in a cockpit before? Jay Ratliff
• 6:33
  Speaker 1: has a bunch of times. I heart media aviation expert
• 6:37
  Speaker 1: Jay Rattler pouring through the aviation topics for the week.
• 6:40
  Speaker 1: And since you had met in the context of a
• 6:42
  Speaker 1: low cost carrier Allegiant in first class seats, you mentioned Frontier.
• 6:46
  Speaker 1: They apparently are doing really well. What's the story on
• 6:49
  Speaker 1: our quarterly revenue report?
• 6:52
  Speaker 2: Well, we knew that Frontier had spent like fifty more
• 6:56
  Speaker 2: in fuel this year compared to the same period last year.
• 7:00
  Speaker 2: Here and Wall Street knew that they would be coming
• 7:03
  Speaker 2: out with the loss, and they figured when Frontier ropritted
• 7:06
  Speaker 2: their quarterly numbers, they would be looking at a loss
• 7:10
  Speaker 2: of about forty eight cents per share. Well, Frontier came
• 7:13
  Speaker 2: out and said, look, our revenue was one point to
• 7:15
  Speaker 2: eight billion, considerably more than was expected. They did have
• 7:18
  Speaker 2: a loss, but not forty eight cents to share, but
• 7:21
  Speaker 2: ten cents.
• 7:22
  Speaker 1: Oh wow.
• 7:24
  Speaker 2: Now, a lot of this had to do with some
• 7:26
  Speaker 2: higher fares, and you know, some of it had to
• 7:29
  Speaker 2: do yes with Spirit Airlines no longer being there and
• 7:32
  Speaker 2: them getting a few extra customers. But look, Frontier and
• 7:36
  Speaker 2: a lot of others are making the right kinds of adjustments.
• 7:39
  Speaker 2: And even though the CEOs of Delta United, especially United,
• 7:43
  Speaker 2: W'll kind of make fun of low cost carriers saying,
• 7:45
  Speaker 2: look at some broken business model, just look at Spirit,
• 7:48
  Speaker 2: I totally disagree, because when you have the opportunity, as
• 7:52
  Speaker 2: these carriers do, of offering the premium seats is going
• 7:56
  Speaker 2: to increase their revenue flow and provide a higher yield
• 8:00
  Speaker 2: per passenger or a profit. What you're going to find
• 8:02
  Speaker 2: out is that passengers are going to respond, They're going
• 8:05
  Speaker 2: to make more money, have a very loyal following, and
• 8:10
  Speaker 2: this progression to higher revenue and profit numbers are going
• 8:14
  Speaker 2: to continue. Once fuel prices start to subside a bit
• 8:17
  Speaker 2: consistently over an extended period of time this premium seat
• 8:22
  Speaker 2: type of thing that Southwest has, let's say, where they
• 8:25
  Speaker 2: have got the economy plus seats, they'll be throwing in
• 8:28
  Speaker 2: some first class seats, assigned seats. That's a great move
• 8:32
  Speaker 2: for them, that's going to generate a great, great deal
• 8:35
  Speaker 2: of money. Frontier doing the same thing here. We talked
• 8:38
  Speaker 2: about Allegian coming out with first class fairs. It's going
• 8:41
  Speaker 2: to help them as well. So yeah, Frontier really caught
• 8:45
  Speaker 2: a lot of the people's attention this week, and rightfully so,
• 8:48
  Speaker 2: because they're doing a lot better than expected.
• 8:50
  Speaker 1: Do you expect more, I mean an expansion of these
• 8:53
  Speaker 1: lower cost carriers. I mean it's always It's one thing
• 8:56
  Speaker 1: to have them out in the world, but it's another
• 8:58
  Speaker 1: thing to actually get a flight on one, because I
• 9:00
  Speaker 1: know you remember the old days at CDG, you had
• 9:02
  Speaker 1: no competition. It was the worst airline airport in the
• 9:05
  Speaker 1: world to fly in and out of because it was
• 9:07
  Speaker 1: so damn expensive. For lack of competition.
• 9:09
  Speaker 2: Yeah, and it showed because of how high affairs were.
• 9:14
  Speaker 2: Now in the list of the top hundred airports, we
• 9:17
  Speaker 2: barely make that list because the affairs are so cheap.
• 9:20
  Speaker 2: Look when you can go round trip to Florida for
• 9:22
  Speaker 2: you know, in some instances, one hundred dollars one hundred
• 9:24
  Speaker 2: and fifty whatever might happen to be. That's insane, and
• 9:27
  Speaker 2: that's great. But as far as creating a new low
• 9:31
  Speaker 2: cost carrier, that's tough. It really is difficult because you
• 9:35
  Speaker 2: can talk to people and they would say, you know, Jay,
• 9:38
  Speaker 2: if some carrier would come along and just provide a
• 9:41
  Speaker 2: little bit better service, I would be willing to pay
• 9:44
  Speaker 2: extra money. Now I used to be of the mindset
• 9:47
  Speaker 2: I believe that, but I saw so many carriers that
• 9:50
  Speaker 2: came along that offered better service at a slightly higher fare,
• 9:55
  Speaker 2: and nobody flew them because when they came down to
• 9:58
  Speaker 2: my family of five, Well, Jay, I'd I've just been
• 10:00
  Speaker 2: extra two hundred and seventy five dollars for my family,
• 10:02
  Speaker 2: and I'd wait, mute, you're just add here that if
• 10:06
  Speaker 2: somebody provide Yeah, I know, but it comes down to
• 10:08
  Speaker 2: you know, economics and blah blah blah.
• 10:10
  Speaker 3: Yeah, it comes down to print.
• 10:12
  Speaker 2: It's like in Europe when they pulled individuals saying would
• 10:15
  Speaker 2: you be in favor of a green tax where you
• 10:18
  Speaker 2: could pay more to fly to offset the carbon footprint
• 10:22
  Speaker 2: of aviation. It was like seventy almost eighty percent said absolutely.
• 10:27
  Speaker 2: So then they made it voluntary the next year for
• 10:29
  Speaker 2: passengers to do that, and the actual numbers was like
• 10:33
  Speaker 2: four percent. So what people say versus what they do,
• 10:36
  Speaker 2: you and I both know they are miles apart.
• 10:41
  Speaker 1: The reality of the actual dollar figure is what is
• 10:44
  Speaker 1: going to determine in the long ride, you know, what
• 10:47
  Speaker 1: to save twitter to fifty bucks. I can forego the
• 10:49
  Speaker 1: please and thank you, don't I mean, Jay oh a
• 10:52
  Speaker 1: tout it.
• 10:52
  Speaker 3: We'll just endure it. And it's like going to the dentist.
• 10:55
  Speaker 3: You know, I know, I gotta do it.
• 10:56
  Speaker 2: And you know, for some people, they have to travel
• 10:58
  Speaker 2: because it's the worst day or week of their life
• 11:01
  Speaker 2: where they've lost a loved one or they've so you know,
• 11:06
  Speaker 2: they're going to jump on the airplane, pay what they've
• 11:08
  Speaker 2: got to go and get there. Sometimes you're you're having
• 11:10
  Speaker 2: vacation and having fun and other types of things, and
• 11:13
  Speaker 2: sometimes it's for business. But look, the bottom line is
• 11:16
  Speaker 2: we've always talked about how airlines in the United States
• 11:19
  Speaker 2: are not about service, They're about making money. And that's
• 11:22
  Speaker 2: why when the surveys come out on the top, you know,
• 11:24
  Speaker 2: customer service airlines of the world. There's no US carrier
• 11:28
  Speaker 2: that comes close to the top ten ever because they
• 11:31
  Speaker 2: treat us like cramp and we keep coming back so
• 11:34
  Speaker 2: as we do, no incentive from to ever change.
• 11:36
  Speaker 3: The way that they treat us.
• 11:37
  Speaker 1: All right, well, don't go away, because if United in
• 11:41
  Speaker 1: Delta actually wanted to merge, when anybody approve it. But
• 11:43
  Speaker 1: the idea of them merging, that comes out of left
• 11:46
  Speaker 1: field for me. But that apparently that might that actually
• 11:48
  Speaker 1: was discussed. Plus another close call and maybe a hub
• 11:51
  Speaker 1: delay report more with Jay Ratt left after these brief words.
• 11:54
  Speaker 4: Fifty five KRC gas prices, gros rc he talk station, Hey,
• 12:01
  Speaker 4: forty nine if if you have KCD talk station, trying
• 12:04
  Speaker 4: to make it a happy Thursday to tomorrow Tech Friday
• 12:07
  Speaker 4: with Dave hat are always looking out for our best
• 12:09
  Speaker 4: interest in the meantime.
• 12:10
  Speaker 1: I heart media aviation expert Jay A. Ratlive with one
• 12:12
  Speaker 1: more segment. I can't believe that United approached Delta about
• 12:16
  Speaker 1: a merger. First off, I got a question whether the
• 12:19
  Speaker 1: government would ever allow it, and that's that question aside it.
• 12:23
  Speaker 1: I obviously it didn't happen, Jay, But what's the backstory
• 12:26
  Speaker 1: on this one?
• 12:27
  Speaker 2: Well, we're just finding out that. A report from the
• 12:30
  Speaker 2: Wall Street Journal said that the officials from United reached
• 12:34
  Speaker 2: out to Delta last year and said, what would you
• 12:36
  Speaker 2: think about a merger? And keep in mind, you know
• 12:40
  Speaker 2: when you talk about the largest airlines on the planet,
• 12:42
  Speaker 2: right you've got who flies the most passengers, Well, that's American.
• 12:45
  Speaker 2: But I look at the available seat miles as far
• 12:48
  Speaker 2: as you know, the fleet size and their capacity. That's
• 12:51
  Speaker 2: how I rank them. United's number one in the world,
• 12:53
  Speaker 2: Delta's number two. So so had this been explored, you're
• 12:57
  Speaker 2: talking about the top two airlines on the plant in
• 13:00
  Speaker 2: it coming together to create one. Now, Delta apparently said
• 13:04
  Speaker 2: they weren't interested. And that's probably the case because right now,
• 13:08
  Speaker 2: Delta is the most profitable airline flying right now and
• 13:12
  Speaker 2: they're making a great deal of money. Unit is all
• 13:14
  Speaker 2: about global dominance, and that would make them a vehemance.
• 13:19
  Speaker 2: I mean, they would be I don't want to say
• 13:21
  Speaker 2: unstoppable in business, but that would be the case. Now,
• 13:24
  Speaker 2: your previous question about would it be allowed if this
• 13:27
  Speaker 2: were the Biden administration, I'd say absolutely, nabbur The Trump
• 13:32
  Speaker 2: administration might allow it because Trump Trump's very business he's
• 13:37
  Speaker 2: very pro pro airline, and far too often the airlines
• 13:41
  Speaker 2: have the ability to get what they want. And even
• 13:44
  Speaker 2: though I think that, I don't think, I know that
• 13:46
  Speaker 2: it would be horrific for consumers because if you're combining
• 13:49
  Speaker 2: the number one and number two, you're talking about less
• 13:52
  Speaker 2: competition and a lot of markets. You're talking about fewer
• 13:55
  Speaker 2: seats around the world, And anytime we've got the fewer seats,
• 13:59
  Speaker 2: we have a resulting higher fare. That's what would take place.
• 14:02
  Speaker 2: So I'm glad it went nowhere. Of course, United made
• 14:06
  Speaker 2: news a couple of months ago when you and I
• 14:07
  Speaker 2: were talking about them kind of floating around the idea of,
• 14:10
  Speaker 2: you know, maybe we'll merge with American, and that didn't
• 14:13
  Speaker 2: go anywhere, because even American, even though they're kind of
• 14:15
  Speaker 2: hurting in a lot of ways, outwardly said no. I
• 14:19
  Speaker 2: think behind closed doors they were like, you know, this
• 14:21
  Speaker 2: might not be a bad idea.
• 14:22
  Speaker 3: But it didn't go anywhere.
• 14:23
  Speaker 2: I know the shareholders certainly would have loved that to
• 14:28
  Speaker 2: take place, and I suspect that one would have been
• 14:30
  Speaker 2: allowed as well. Sadly, what happened was after the Deregulation
• 14:34
  Speaker 2: Act of nineteen seventy eight, we had this influx of
• 14:38
  Speaker 2: a lot of low cost carriers that came in that
• 14:40
  Speaker 2: forced these larger carriers to compete with, and the pan
• 14:44
  Speaker 2: Ams and the TWA and the Branfs had a really
• 14:47
  Speaker 2: hard time competing with a lot of these low costs
• 14:50
  Speaker 2: startup not here very long carriers. And what happened, Brian.
• 14:55
  Speaker 2: We saw fewer carriers as.
• 14:56
  Speaker 3: We went along.
• 14:57
  Speaker 2: And I remember back in the eighties into the nineties
• 15:00
  Speaker 2: people saying, you know, Jay, and ten twenty years, we're
• 15:02
  Speaker 2: only going to have you know, six seven mean airlines.
• 15:04
  Speaker 2: A lot of these smaller carriers are no longer going
• 15:07
  Speaker 2: to be around. I really dismissed it at the time.
• 15:10
  Speaker 2: But the more I see us moving into this trajectory,
• 15:13
  Speaker 2: the more I see the fact that we will see
• 15:15
  Speaker 2: fewer and fewer airlines, I hope not. That's why I
• 15:18
  Speaker 2: keep preaching that we've got to support these low cost carriers,
• 15:21
  Speaker 2: because they're the ones that keep the low fares at
• 15:24
  Speaker 2: Cincinnati and other airports. We've got to be able to
• 15:27
  Speaker 2: continue to support them. And I have so many people
• 15:30
  Speaker 2: that'll say, well, I want my miles on United, I
• 15:32
  Speaker 2: want my miles on Delta. The reality is, and I
• 15:36
  Speaker 2: asked him this how often do you use those miles?
• 15:38
  Speaker 3: Right? Well, ye, not that much? Then why is that
• 15:42
  Speaker 3: a determining factor here?
• 15:44
  Speaker 2: So now, that to me is and a lot of
• 15:46
  Speaker 2: times you have a low cost carrier going to a
• 15:48
  Speaker 2: market somewhere in the country and I'll be on that
• 15:50
  Speaker 2: radio station and three months later they're gone and they'll say,
• 15:55
  Speaker 2: I can't believe they left us, And I said, I
• 15:57
  Speaker 2: can't believe you're surprised because you didn't support them. They're
• 16:00
  Speaker 2: only going to be here if you support them.
• 16:02
  Speaker 3: And when you see.
• 16:02
  Speaker 2: Allegiance in Frontier and Southwest and others coming in here,
• 16:07
  Speaker 2: you see nothing but growth. And the reason the growth
• 16:10
  Speaker 2: is because people in this area are flocking.
• 16:13
  Speaker 3: To Cincinnati to take advantage of those low fairs. And
• 16:16
  Speaker 3: I love that.
• 16:17
  Speaker 2: And that's why when Frontier came here, moving their one
• 16:19
  Speaker 2: flight today from Dayton to Denver down to here, and
• 16:22
  Speaker 2: people in the industry thought, what are you doing? Cincinnati
• 16:24
  Speaker 2: is where low cost carriers go to die. The whole
• 16:27
  Speaker 2: thing was we've got to support them otherwise they're not
• 16:30
  Speaker 2: going to be here for very long. And boyd does
• 16:32
  Speaker 2: a community ever respond? And look at all the other
• 16:34
  Speaker 2: low cost carriers that came flying into the airport to
• 16:38
  Speaker 2: take advantage of this increase and the number of people
• 16:41
  Speaker 2: that want to fly.
• 16:42
  Speaker 3: Look.
• 16:42
  Speaker 2: Southwest uprooted their entire operation from Dayton and came to
• 16:46
  Speaker 2: Cincinnati and has grown from here. That's because of what
• 16:49
  Speaker 2: we've been able to do. And I could be more
• 16:51
  Speaker 2: proud of the people that.
• 16:52
  Speaker 1: Are here a man, and that's a magnet for businesses
• 16:54
  Speaker 1: to come to sinceinnay. Oh, look at the availability of
• 16:57
  Speaker 1: all of these low cost flights in and out of CVG.
• 16:59
  Speaker 1: That's a benefit to us, our company and everybody or else.
• 17:02
  Speaker 1: So little marketing tool.
• 17:04
  Speaker 3: Every CEO that.
• 17:05
  Speaker 2: Is looking at moving their company, one of the things
• 17:07
  Speaker 2: they look at is how quickly can we get our
• 17:10
  Speaker 2: customers and our sales team in and out? And if
• 17:12
  Speaker 2: you've got an economic engine like an airport with a
• 17:15
  Speaker 2: lot of different operations.
• 17:17
  Speaker 3: Dozens and dozens and dozens and dozens.
• 17:19
  Speaker 2: Of NonStop destinations, that's attractive. That's one of the reasons
• 17:23
  Speaker 2: that we see the economic impact of Cincinnati as it
• 17:27
  Speaker 2: continues to grow.
• 17:29
  Speaker 1: Jay ry lovely as we always do. Let's end on
• 17:31
  Speaker 1: hub delays. How's it looking out there for travel?
• 17:33
  Speaker 2: New York, Boston, Probably Boston more than the other those
• 17:36
  Speaker 2: two are going to be the only problem children of
• 17:38
  Speaker 2: the day unless Topeka Canvas, but they don't count, so
• 17:41
  Speaker 2: all in all, today should be a pretty good
• 17:42
  Speaker 1: Data to travel, best of health and love.