Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major > Alaska
Are they taking the money !! >

Are they taking the money !!

Notices

Are they taking the money !!

Old 04-13-2020, 05:02 PM
  #1  
Line Holder
Thread Starter
 
Joined APC: Sep 2016
Posts: 27
Default Are they taking the money !!

So is the company going to sign up for the money from uncle sam ?
James2016 is offline  
Old 04-13-2020, 05:16 PM
  #2  
Gets Weekends Off
 
Joined APC: Apr 2013
Posts: 647
Default

They already applied for it, as noted on the company website and during the webcast. Applying for it =/= agreeing to the Treasury's terms. Whether that happens still remains to be seen.
echelon is offline  
Old 04-13-2020, 05:18 PM
  #3  
SDQ Base Chief
 
Flyby1206's Avatar
 
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,549
Default

Sounds like everyone is taking it (Alaska isn't mentioned by name though)

https://reut.rs/2RxnTRi
Flyby1206 is online now  
Old 04-13-2020, 06:02 PM
  #4  
Prime Minister/Moderator
 
rickair7777's Avatar
 
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,097
Default

Originally Posted by Flyby1206 View Post
Sounds like everyone is taking it (Alaska isn't mentioned by name though)

https://reut.rs/2RxnTRi
It might be possible that it would be somewhat more cost effective for some airlines to decline the grants and just furlough. But then you'd be "that guy"...

If things drag out and you decide later this year that yeah you really do need grants, good luck getting any sympathy from the house. They might decide to just let you be the token chapter 7 example.

This may be a case of cooperate to graduate.
rickair7777 is offline  
Old 04-13-2020, 06:13 PM
  #5  
Gets Weekends Off
 
Joined APC: Dec 2017
Posts: 218
Default

I still bet they take it. Sounded like the grants were going to cover 70-80% of payroll. Even with the 30% loan aspect it will still cover close to half of payroll.

I doubt we furlough half(and it'd have to be more than that to make it cost effective) After furloughs no more incintive lines which is saving currently saving money. On top of that we are required a 30 day notice for furlough. Drawing our salaries out even longer at full cost.

Expect a notice for furlough in September for Oct 1st. Gives them time to get a handle on 2021 summer demand and do downgrade/displacement training if they are allowed to downgrade per the government grant restrictions.
ELAC321 is offline  
Old 04-13-2020, 06:19 PM
  #6  
Gets Weekends Off
 
Joined APC: Dec 2005
Posts: 8,883
Default

https://seekingalpha.com/news/356035...rs-finish-line
ShyGuy is offline  
Old 04-14-2020, 01:40 AM
  #7  
Super Moderator
 
usmc-sgt's Avatar
 
Joined APC: Jun 2006
Posts: 3,945
Default

Originally Posted by ELAC321 View Post
Expect a notice for furlough in September for Oct 1st. Gives them time to get a handle on 2021 summer demand and do downgrade/displacement training if they are allowed to downgrade per the government grant restrictions.
Anyone have any word if this is possible before 9/31? We all know they can’t change rates of pay, but no clarity on this yet. You’d think no as it would be a $100k pay cut for some individuals, but it certainly could be a grant loophole.
usmc-sgt is offline  
Old 04-14-2020, 08:22 AM
  #8  
Prime Minister/Moderator
 
rickair7777's Avatar
 
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,097
Default

Originally Posted by usmc-sgt View Post
Anyone have any word if this is possible before 9/31? We all know they can’t change rates of pay, but no clarity on this yet. You’d think no as it would be a $100k pay cut for some individuals, but it certainly could be a grant loophole.
Easy-Peasy workaround: Do the downgrades during the slow summer months. Pay protect those pilots at min line guarantee at CA pay. On 01 Oct you have all the replacement FO's you need for a mass furlough. The bill only says they have to pay you, it doesn't guarantee what kind of work you do (or don't do).

Dollars to donuts that's how it goes down, unless they can get some kind of relief interpretation. But the later could actually be risky, getting back to my what-if theme of needing more money from congress this fall after abusing loopholes to violate the spirit of the first relief package. Might not want to be "that guy"... especially if there's a regime change next January.
rickair7777 is offline  
Old 04-14-2020, 12:10 PM
  #9  
Gets Weekends Off
 
Joined APC: Dec 2017
Posts: 218
Default

Last I read they were seeking clarification from the government if downgrading is allowed. Perhaps one of the details they are still negotiating. Just a guess.
ELAC321 is offline  
Old 04-14-2020, 03:06 PM
  #10  
Gets Weekends Off
 
Joined APC: Oct 2013
Posts: 208
Default

TREASURY: “Alaska Airlines, Allegiant Air, American Airlines, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue Airways, United Airlines, SkyWest Airlines, and Southwest Airlines have told us that they plan to participate in the Payroll Support Program."
Opakapaka is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Joliet
American
110
10-29-2017 06:04 PM
DAL 88 Driver
Money Talk
27
11-03-2011 04:32 AM
Cargo Man
Money Talk
61
08-22-2010 04:46 AM
jungle
Money Talk
9
07-20-2009 12:38 PM
Confused
Regional
1
05-30-2008 05:32 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices