Originally Posted by
mrjiggs287
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?
You can double that number with payroll tax and benefits.
5 billion ish will be the number to declare bankruptcy. Right now its supposedly just over 1 billion loss a month. So we have about a year to stop the bleeding.
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