Search

Notices

Union Dues

Thread Tools
 
Search this Thread
 
Old 05-19-2020 | 01:10 PM
  #101  
Banned
 
Joined: May 2018
Posts: 1,241
Likes: 0
Default

Originally Posted by rickair7777
Anything between 30-50% reduction for summer 2021 is also chapter 11 territory. More than 50%... no bueno.

This is not true. Although none of the big 3 could pull this off, ALK, JetBlue, LUV all could. Alaska actually has a plan if things get significantly worse to do just that. At current or slightly better revenue trends Alaska could furlough 40-45% of its company and idle for a very longtime. Making a little or nothing, waiting out the storm, plenty of cash to sustain, flying 30% of the fleet.

I am confident it will not come to this though.

Last edited by OTZeagle1; 05-19-2020 at 01:26 PM.
Reply
Old 05-19-2020 | 06:34 PM
  #102  
New Hire
 
Joined: Apr 2020
Posts: 5
Likes: 0
Default

Originally Posted by OTZeagle1
Although I appreciate any good news, this is horse S. When compared to Alaska’s and the industries modeling, we are only consistently missing markers to this point, trending bellow those low expectations. In my mind it’s the same as putting out a pod cast saying, “company only sees this as short term” and “there has been no mention of furloughs”, when every union leader has been briefed by both their and company experts, that this industry will be 20-25% smaller in 2021, when compared to 2019. Do you really think WB would have sold his entire stake at or near the bottom if this was going to recover quickly? You don’t think with him owning 10% of the entire industry, he wouldn’t have had some industry experts, like really goods ones, pouring over the numbers. You don’t think Boeing, Airbus, DAL, SWA, UAL CEO’s would have said 3-5 years if it were not the expected outcome? Pilots are not children, they can handle the truth, whether we want it to be true or not. The recent green shoots in our industry represent the possibility of solvency, not the possibility that we and others don’t shrink significantly.
I don’t live in the land of rainbows and unicorns so when it comes to air travel this is the worst crisis we have ever faced however, as an eternal optimist, I try to find the light at the end of the tunnel to help balance the never ending doom and gloom so, I’ll take any positive trend, green graphs, and any possibility of solvency all day every day. Nevertheless, I am also a realist and I am fully aware of the difficult long road ahead. My post wasn’t meant to treat pilots as children and shield them from bad news. My post was simply there to share a little glimmer of positive trends among the apocalyptic madness we live in. In hindsight, next time I’ll just quote from the article with my own explanations for better discussions...lesson learned.

In regards to how I see the forecasts for the future of the industry, I see lots of coulds, mights, ifs, and maybes. Just like hurricanes forecasts, we have a general picture of what’s ahead yet, the final most accurate predictions don’t become relatively accurate until right before the storm hits. To use your own words from a previous post, “This is different and changes daily”. The way I see it, due to the lack of previous data and the constantly changing landscape, we have to let this play out and wait for the economy to fully open, (while waiting for a possible second wave of infections), to truly assess and more accurately predict the upcoming damages but, and call me naive, these little unexpected trends give me some hope for a better and less damaging outcome. Again, the articles backfire on me and it is all my fault. When it comes to the airline industry I have learned not to deal in absolutes. Experts have been wrong in the past and early predictions usually change for better or worse as time goes on. Only time will tell. On a personal note, when it comes to the airlines you mentioned and their predictions, I remain skeptical of those negotiating contracts pre-Covid and the CEOs that made millions on stock buy backs. At this point, as I previously stated, I am hoping for the best while preparing for the worst.

Shyguy I agree we will have a second wave of infections here in the US but I don’t know if another shutdown will happen under our political climate. I believe the current administration will keep the economy open regardless and we’ll just power through.
Reply
Old 05-19-2020 | 07:16 PM
  #103  
Banned
 
Joined: May 2018
Posts: 1,241
Likes: 0
Default

To better days... cheers
Reply
Old 05-19-2020 | 07:28 PM
  #104  
New Hire
 
Joined: Apr 2020
Posts: 5
Likes: 0
Default

Originally Posted by OTZeagle1
To better days... cheers
Amen......🍻
Reply
Old 05-19-2020 | 07:49 PM
  #105  
Line Holder
 
Joined: Apr 2018
Posts: 700
Likes: 0
Default

Originally Posted by LimaGolfMike
Shyguy I agree we will have a second wave of infections here in the US but I don’t know if another shutdown will happen under our political climate. I believe the current administration will keep the economy open regardless and we’ll just power through.
Shelter in Place/Lock Down strategy is gradually being shelved.

New strategy is simply "Harm Reduction" whereby we open up the country, while at the same time observe best practices to minimize the likelihood of infection as we are out n about.
Reply
Old 05-20-2020 | 01:36 PM
  #106  
Line Holder
 
Joined: Apr 2008
Posts: 69
Likes: 0
Default

Originally Posted by ShyGuy
There's only two ways out of this, either we get an effective vaccine or herd immunity. A possible third way might be this just goes away on its own like some of the less-serious viruses in the past.
An effective treatment would also solve this.
Reply
Old 05-20-2020 | 02:55 PM
  #107  
BoilerUP's Avatar
Doing One Pilot's Job
 
Joined: Sep 2005
Posts: 7,883
Likes: 119
Default

Remdesivir has been clinically proven as an effective treatment by NIH, but that gets very little attention these days....

Also the NYU study a few weeks ago found the hydroxychloriquine/zinc/azithromycin cocktail showed efficacy in preventing hospitalized patients from going to ICU. That one needs more study (NIH actually started one last week), but it verifies a treatment protocol used around the country for over two months now with “anecdotal” positive results.
Reply
Old 05-21-2020 | 02:55 PM
  #108  
On Reserve
 
Joined: Jun 2014
Posts: 47
Likes: 0
Default

Originally Posted by OTZeagle1
Yes, I think they will. I think late Thursday if everyone plays nice.
Any chance of this still happening?
Reply
Old 05-23-2020 | 01:18 PM
  #109  
On Reserve
 
Joined: Apr 2012
Posts: 22
Likes: 0
Default

Originally Posted by OTZeagle1
To better days... cheers
Your 385 number sounds like a reasonable estimate, how do you see that divided up between the bases?
Reply
Old 05-23-2020 | 01:54 PM
  #110  
Line Holder
 
Joined: Jul 2017
Posts: 579
Likes: 30
Default

Originally Posted by ws6formula
Your 385 number sounds like a reasonable estimate, how do you see that divided up between the bases?
Bases don’t matter, however many furloughs occur they start at the bottom of the list and go up, base and equipment is irrelevant.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
beech1980
Part 135
1191
06-19-2022 05:02 PM
Want2BAtlasAv8r
Hiring News
121
06-15-2018 07:26 PM
astroglydenn
Flexjet
6
05-16-2018 03:49 AM
Fegelein
Cargo
22
05-04-2015 01:03 PM
BoilerUP
Regional
9
09-01-2007 04:57 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



Your Privacy Choices