Maybe I’m missing something but a early out program does make sense for our airline.

1) It would make a substantial portion of our senior pilots being paid 50+ hours rather than 80+ hours.

2) It would also make the payroll more junior, because if they furlough at my seniority, their payroll would be paying pilots at 7-12 years on the pay scale. If they have an early out, many on the 12 year pay scale would be at 50+ hours and it would preserve pilots being paid at the bottom of the pay scale. Making it more junior.

3) As for training, we have enough displacements that haven’t started training yet, that they could simply and cheaply cancel the displacements. That would mitigate the training costs. Training costs vacillate depending on demand. The last two displacement bids have created a lot of demand. If displacements are cancelled, that lowers the demand.

Maybe I have no idea of what I am saying??? Please feel free to educate me!!!