Originally Posted by
Stomper
Just a calculated guess. It’s a round number that approximates 20% of our staffing.
Hmmm... Let’s see what that would actually save:
Furlough 500 pilots From 1 October until summer 2021
250 on first year pay times min guarantee is 9x72x$58x250= ~$ 9 million
250 on second year pay 9x72x$109x250= $17.7
Displace 250 most-likely 4th year captains 9x72x($208-123)x250= $13.7 million.
so basically $40 million less whatever the training churn would be for the downgrades.
At a $4 million cash burn rate a day that is only ten days. When you consider costs, I’m not too sure that modest a furlough would even be worth doing. My guess is that it will either be considerably more than 500 or Spirit won’t furlough at all.
Granted, I ain’t got $40 million PERSONALLY, but it still seems like a lot of trouble for not all that much gain.