Originally Posted by Excargodog

A nothing burger? Hardly that. It isn’t just the pilots who admittedly it’s often cheaper to keep around and keep current than to incur training costs, it’s the whole business. International flying is in the cr@pper and UA is affected by that as much as anyone. That ripples down. Do you seriously think that UA isn’t being hurt by having billions of dollars worth of wide bodies parked in the desert? Have you ever run a business? I mean even a lemonade stand? Because you clearly don’t understand the effect of that. Most of the big capital expenditures UA makes are financed through bond sales. A bond sale is essentially renting money. The last bond sale UA did they were expecting to pay 11% per year to rent that money:

https://www.bloomberg.com/news/artic...lion-junk-bond

and they couldn’t get enough takers to make it work:

https://www.bnnbloomberg.ca/united-a...ints-1.1433725

the problem is they have a LOT of bonds maturing from previous years - bonds they sold at 3.5-4%. They don’t have the money to pay off those bonds, they’ll have to refinance them. So their debt service will climb substantially, those parked 787s costing them more and more until international flying resumes.

Even if they don’t furlough a single pilot you better believe it affects UAEX, and the career prospects for every UAEX employee.