Originally Posted by
knm1229
did you listen to the call? He said we are taking the 200million in grant money, but that payroll cost for the same period was 300 million. Therefore, they are working with APLA and AFA to offer better COLA and leave options to close the gap from the 200 million grant to the 300 million payroll cost.......More details on the leaves will follow in 24-48 hours.
If they are planning on flying even a third of the fleet on average by Sept 30th then the costs are part of the regular cost of doing business. They shouldn’t discount necessary staff against the 200 mil. That’s the pot of money to float the fat that would be trimmed. Is that not the point of the grant money.