Originally Posted by
nuball5
Gosh I hope you’re right, but do you really think there’s almost a zero percent chance that they don’t furlough anyone? That’s a fairly bold statement while we burn 8m/day.
RH or whomever can throw out any predictions on where they see demand going the second half of 2021, it doesn’t mean they’ll be right. They were dead wrong on a lot of things since this pandemic started, through no fault of their own. No one has a crystal ball. Obviously things are a little clearer as we learn more about this virus, and now that the vaccine is being distributed.
Until the company officially adjusts its cash burn to a more manageable number will I believe the threat of furloughs to be empty. Until then, I’ll wait for the full language agreement and vote accordingly.
No one ever has a crystal ball. There is always a chance of furlough even in non pandemic years.. If they were going to furlough it would have happened already when they could have justified it. We all have fears of being put to the street. My fear is that we we don’t capitalize on the moment/opportunities. This is one of those moments. I for one think this is the chance to get some gains. Cola of 3% would set a nice precedent going into contract negotiations in 2022. I would like to see a return to a profit sharing formula that yields better results for us but I have all but ruled out profit sharing in my yearly calculations. I agree I will take a look at the LOA and vote accordingly, too much scope give away and I’m a no. Of course I don’t want to see anybody on the street but I would say we are at a super low risk of that when everyone else is spooling up their training and yes even their hiring (frontier). If there is one thing I have seen it’s JB being aggressive during this pandemic towards growth they won’t stop now on the back side.