Originally Posted by
Nucflash
Look past the virus situation for a second. The big picture is that *an event* has happened that will push this country into some degree of recession. All you need to do is look around your hometown to see that.
BECAUSE of that recession (again, it doesn’t matter what caused it) we will be pushed into what I would term a “normal” furlough cycle. Believe me, the airlines are now waaaaay past planning for a demand rebound within a couple of months. A “normal” recessionary cycle lasts several years and that’s what they will be planning for. So, in a sense, that makes it easy to predict what will happen with staffing. Will it be 10% or 20% or more? That depends on mitigating factors (government bailout, ALPA negotiations, etc.) For that part we will have to wait and see.
For what it’s worth, I believe this MEC leadership will not lightly leave heads on the chopping block as was cavalierly done in ‘02 and ‘08.....
Mnuchin just said 20% unemployment was a possibility if the situation doesn’t improve.