Bad news
07-27-2020, 11:50 AM
#2
Gets Weekends Off
Joined APC: Jul 2017
Position: CRJ9 CA
Posts: 4,083
Originally Posted by LoFly
Company to send 225 furlough notices, including 115 downgrades, and downsizing to 9 bases. This if CARES 2.0 is not signed, they say.
Personal opinion: CARES 2.0 will be signed, it will not include restricting rules as far as employment and company will furlough anyway, maybe just 100-150 pilots. Downsize to 9 bases is a very expensive move, so who knows.
Happy Monday everyone.
Personal opinion: CARES 2.0 will be signed, it will not include restricting rules as far as employment and company will furlough anyway, maybe just 100-150 pilots. Downsize to 9 bases is a very expensive move, so who knows.
Happy Monday everyone.
07-27-2020, 11:53 AM
#3
Banned
Joined APC: Feb 2008
Position: The Beginnings
Posts: 1,317
Visitor here.
1. Furloughs suck, and I hope Allegiant finds a way to avoid them.
2. I've done some digging in the proposed CARES II; I don't see anything in there for airlines comparable to CARES I.
Fluid situation, however. Here's to hoping.
1. Furloughs suck, and I hope Allegiant finds a way to avoid them.
2. I've done some digging in the proposed CARES II; I don't see anything in there for airlines comparable to CARES I.
Fluid situation, however. Here's to hoping.
07-27-2020, 03:49 PM
#9
Gets Weekends Off
Joined APC: Jun 2018
Posts: 199
Originally Posted by Silver02ex
So they are sending out furlough notice and no WARN letter?
07-29-2020, 07:15 AM
#10
Line Holder
Joined APC: Sep 2008
Position: Changes every Fall
Posts: 98
I know this is a "bad news" thread but it needs to be mentioned that the union lobbyist is quite confident that the Cares 2.0 will be signed which is believed to have 32 billion to the airlines. The furlough announcement is likely a requirement to qualify to some of the "free" federal money.
2q earnings and investor call this afternoon.
2q earnings and investor call this afternoon.
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