Thread: Furlough Estimates
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Old 06-17-2020 | 11:12 AM
  #88  
DoggiePoo
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Originally Posted by rickair7777
You and lots of airline managers.

SWA has the only plan I trust... stock up on cash, pay whatever it takes to maintain capacity knowing others WILL bleed out before you, grab market share, and make up the money in the long run. That plan is sufficiently credible that they should be able to borrow even more money than initially planned, if things stay uglier for longer.
It just amazes me. In over 40 years in this industry how you young pilots are always so delusional. Especially you flow through guys. You know exactly how to fix everything. UAL just "sweetened" it's exit deal for personnel, Again, if you knew anything about airline history, bankruptcies since deregulation, you would know that SWA "plan" is Exactly how Every airline ended up in bankruptcy last time. As stated earlier. Your company is in debt up to it's hairline. SWA at least has cash on hand already. The only reason your management has not spoken to you about furloughs is because it would be completely fruitless and a waste of time. You are the first to head into bankruptcy court and will end up on the copping block. Cut up into pieces for UAL,SWA and DL to scavenge your carcass. You think it is all a joke. That I have some beef with AA or something. But when an old timer like me reads these boards and reads yours as opposed to the others. Your delusions of grandeur are beyond limit. Wake up little boys. My only sorrow is for those friends that stayed at AA from TWA and are going to get shafted again. At least they know the drill. You young kids are about to find out the hard way. Just look at the terminals. Look at the type of passenger traveling right now. They are Greyhound people. Very few businessmen. Ticket prices for the few that are traveling are so low they are attracting the people that are getting the extra $600.xx above unemployment. TSA numbers reflect exactly that. Nowhere near enough of a rise in pax load factor to pay for all those shiny new airplanes sitting on the ground. Your CEO is already looking for a way out of the financial mess and Wall Street has already asked him his plan and if that plan is bankruptcy. 30% is a good number to start with just like every other major. When the sale and bankruptcy come it's a staple if you are lucky. Probably not because AA mainline is not ALPA. Your regionals being ALPA are meaningless. The word is out about you young guys and the big freight companies will not take you on the rebound. Good luck, October 1 is. about 90 days away.
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