Originally Posted by
JetBlast77
I agree, but they are saying they will have 18B on hand at the end of the third quarter and we are burning 25M a day. We have awhile before the white flag goes up.
Something I don’t understand...the payroll savings based on furloughing 2850 pilots on the bottom of the list constitutes a savings of $25-30 million per month (avg $140/hr x 70 mpg). If we are burning 25-30 million every day, what does furloughing anyone save?
At $18B cash on hand and a burn of $25M each day, the money runs out in 720 days. That is nearly 2 years. Furloughing 2850 pilots for two years stretches the $18B a little less than a month, right? Or, am I way off on my math?