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01-23-2021, 07:18 PM

#111

chrisreedrules

Gets Weekends Off

Joined APC: Feb 2012

Position: CRJ FO

Posts: 4,599

Quote:

Originally Posted by Al Czervik

the problem is they may have already made the decision regardless of demand return

I don’t think we’re going to have to wait much longer to find out. They won’t wait until they hit their liquidity floor to file.

01-24-2021, 02:38 AM

#112

Al Czervik

You scratched my anchor

Joined APC: Feb 2011

Posts: 4,876

Quote:

Originally Posted by chrisreedrules

I don’t think we’re going to have to wait much longer to find out. They won’t wait until they hit their liquidity floor to file.

You may want to watch the 4Q earnings with regard to liquidity.

01-24-2021, 04:59 AM

#113

ACEssXfer

Gets Weekends Off

Joined APC: Oct 2013

Posts: 1,045

Quote:

Originally Posted by Al Czervik

the problem is they may have already made the decision regardless of demand return

I think it’s interesting that they are seemingly ignoring VSTLOAs. I know pilot costs are a drop in the bucket but it’s still millions. I was awarded a 75 hour line for FEB that I don’t want. I know there are many, many more in the same boat. I only have 3 trips, easily covered by reserves or other line holders that want to be there.

Not awarding 3 and 6 month leaves at all is also puzzling considering the LOA allows for a 30 day call back.

01-24-2021, 07:20 PM

#114

Andrew_VT

Gets Weekends Off

Joined APC: Feb 2007

Posts: 584

Quote:

Originally Posted by ACEssXfer

3 and 6 month LOAs require vacation buy out.

Offering instead a string of 1 month LOAs accomplishes the same thing but better for the company.

01-25-2021, 05:45 AM

#115

ACEssXfer

Gets Weekends Off

Joined APC: Oct 2013

Posts: 1,045

Quote:

Originally Posted by Andrew_VT

3 and 6 month LOAs require vacation buy out.

Offering instead a string of 1 month LOAs accomplishes the same thing but better for the company.

Maybe. Or it leaves someone open to bidding reserve and getting paid 90 hours instead.

01-25-2021, 08:34 AM

#116

Excargodog

Perennial Reserve

Joined APC: Jan 2018

Posts: 11,503

Quote:

Originally Posted by Al Czervik

You may want to watch the 4Q earnings with regard to liquidity.

The other thing to watch is debt service. If interest expense isn’t over $1.5 billion for the year, I’ll be greatly surprised. And as long term debt becomes payable and has to be refinanced at current rates, that may go up fast.

01-25-2021, 09:00 AM

#117

Margaritaville

It's 5 o'clock somewhere

Joined APC: Oct 2020

Posts: 1,853

They'll follow the usual airline industry play book.

1. Declare bankruptcy
2. Hire hatchet man CEO
3. Slash and burn - decimate headcount and CBAs
4. Acquire/merge with a solvent carrier
5. Slash and burn - decimate headcount and CBAs again
6. cherry pick the worst parts of both CBAs (accuse the union of doing the opposite)
7. Consummate merger - new CEO
8. Sing kumbaya, preach about synergy, call for unity
9. Hire right up to the next furlough
10. Repeat cycle

01-25-2021, 10:36 AM

#118

Varsity

Gets Weekends Off

Joined APC: May 2017

Position: 175 CA

Posts: 1,285

Quote:

Originally Posted by Margaritaville

It would be funnier if it wasn't so true.

02-02-2021, 01:23 PM

#119

silver fleet

Sitting and scratching...

Joined APC: Sep 2012

Position: Upright

Posts: 371

Quote:

Originally Posted by Margaritaville

What always makes me laugh when I share the above with my myopic coworkers, they accuse me of being a negative Nancy. The one thing Ive learned in 26 years in this industry is that the majority of pilot groups never learn the cyclic playbook, nor do they want to insulate and educate themselves on a tactic that will prevail...