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On todays episode of Forward Guidance Jay Shabat Senior Analyst at Skift & Author of both Airline Weekly & Railroad Weekly joins the show for a discussion on the state of the Airline & Railroad industries in 2023.\n\nAfter the pandemic shock of 2020, Jay walks through how the ensuing 3 years have shaped the industries stating that airline demand continues surging, but freight demand is painting a different picture. Does airline & railroad demand give a useful insight into the health of the U.S economy? To hear all this & more, you'll have to tune in!\n--\nFollow Jack Farley on Twitter https://twitter.com/JackFarley96\nFollow Forward Guidance on Twitter https://twitter.com/ForwardGuidance\nFollow Blockworks on Twitter https://twitter.com/Blockworks_\n\nFollow Airline Weekly: https://airlineweekly.com/\nFollow Railroad Weekly: https://railroadweekly.substack.com/\n--\nUse code GUIDANCE20 to get 20% off Permissionless 2023 in Austin:\nhttps://blockworks.co/event/permissio...\n\nResearch, news, data, governance and models \u2013 now, all in one place. As a listener of Forward Guidance, you can use code GUIDANCE10 for a 10% discount when signing up to Blockworks Research https://www.blockworksresearch.com/\n--\nGet top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter:\nhttps://rb.gy/5weeyw\n\nMarket commentary, charts, degen trade ideas, governance updates, token performance, can\u2019t-miss-tweets and more. Subscribe to the Blockworks Research \u201cDaily Debrief\u201d Newsletter: https://rb.gy/feusos\n--\nTimecodes:\n(00:00) Introduction\n(00:52) The State Of Airlines In 2023\n(03:09) How The Pandemic Impacted The Airline Industry\n(10:32) We're Not Seeing An Economic Slowdown Yet\n(20:40) International Travel\n(25:06) Why Airlines Aren't A Great Business\n(29:15) The Airline Industry Would Have Gone Bankrupt If Not For Government Assistance\n(36:20) The State Of Freight In 2023\n(51:44) Consolidation In The Freight Industry\n(57:40) What Can Freight Tell Us About The U.S Economy?\n(01:10:02) How Do Airlines Hedge?\n--\nDisclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.