Originally Posted by
Zard
i'm a bottom 10%er. Hoover's take matches my perception. If push came to shove, plenty of pilots would do what they could to save jobs AND the company. They've done it before here, but thankfully it wasn't necessary when circumstances changed.
We aren't there yet with 15B in the bank and GK not taking fed loans. If he were that worried about our company, he'd have grabbed that lifeline. This is a cash grab attempt from labor, plain and simple. Notice how the snap back isn't even tied to our performance?
My piggy bank is closed, too bad if that upsets the shareholders. If I get furloughed, so be it.
he didn’t take the fed Loan because it’s prohibited stock buybacks and dividends, it would also have downgraded our credit rating. If it made sense he would have done it but they went into the private market. Trust me I wish there was a silver lining to be seen with them denying that loan but I don’t think that’s the case