Mgmt is claiming the furloughs are cost-savings generated. 155 positions being axed. Of those there are only 55 people losing their jobs, the other positions are open now. 10 pilots axed.
Are you sure about the 47%, that sounds a little high. ACMI biz is going to be seriously picking up. Each new 767 (5 acmi 767 now, 12 by the end of the year) add .03 cents per share to revenue.
pilotjones, I have heard other people have had the same experience. This furlough could be a mgmt tactic to try and strong arm-from what I am hearing it is going to come back and kick them hard...