Originally Posted by
FLYBOYMATTHEW
How many takers do we think they'll get for a VLOA? People are running around hoarding T.P., yet the average household savings in the U.S. is just over $10k. The economy, and especially this industry, won't survive until July or August. First the jobs will go, next will come the repos and foreclosures, housing market crashes, student loan defaults, banks fail, yada yada yada. Seems like a terrible time to forego income, winter is coming.
The president pledged today to backstop the airlines. If furloughed you’ll receive 1-3 months of furlough pay after 30 days notice, unemployment is available and hopefully you’ve been smart enough to save some cash for a rainy day. With any savings at all you should be good for a minimum of three months before things really tight.
Take a breath. It’s going to be ugly, but not Armageddon.