Originally Posted by
Meep
I think they were saying they would take the money and go with whatever strings were attached to it. They just didn’t want to say they wouldn’t furlough if they got more $$$ as it all depends on the language. What if it says “you can furlough up to 10] well, they’re going to furlough 10% and take the money.
I’m not sure. Half those would be on first year pay - on reserve - at min guarantee. That’s 4K a month. The other half would be on 2nd year pay - on reserve - at min guarantee. That’s maybe $8K a month. So average savings of $6k a month x 7 months (Oct-May) x250 pilots is about $11 million total. Maybe a little more if you downgrade 125 captains. Now I’ll grant you that’s more money than I’VE got, but it would be less than a week of operations. And by the time you figure the training costs and other monkey motion, probably not a money maker for someplace that has been as fast growing and is as junior as NK or F9.
If you thought it were going to extend past next summer, maybe then?