Originally Posted by
Qotsaautopilot
Btw creative solutions starting to happen at other airlines besides United that don’t include paycuts.
further United hasn’t formally asked for them yet but it appeared they were interested.
for all we know Spirit needs nothing but I wanted to get in front of the fear wave about paycuts.
every airline flushed tons on money in corporate welfare from the 2018 tax law into stock buy backs when it could’ve been kept for a rainy day.
To be fair there’s rainy days and then there’s the biblical flood. This is the latter as Spirit and most every airline not named American was well situated to weather the run of the mill recession.
I agree that the stock buy back money should have been put aside for a bigger emergency fund, but no one knew what that meant until now. I suspect the new gold standard for airline health will be the ability to shutter the doors for 4-6 weeks and still be viable at the end of the year.