AA Post Apocalyptic World

Reply Subscribe

Page 2 of 21

Last »

Thread Tools

Search this Thread

03-25-2020, 01:24 PM

#11

Al Czervik

You scratched my anchor

Joined APC: Feb 2011

Posts: 4,876

We will only have 200-300 pilots when this travesty is over.

#Jcountry
#nameuser

03-25-2020, 02:19 PM

#12

Dumpy

Line Holder

Joined APC: Mar 2019

Posts: 79

For those on the bottom of the seniority list, this should help you breathe easier until the end of September. Halfway through the article it talks specifically about the grants and loans to airlines in the stimulus bill: no furloughs or pay cuts are allowed.

Stimulus package: What's in the $2 trillion coronavirus bill - CNNPolitics
https://amp.cnn.com/cnn/2020/03/25/politics/stimulus-package-details-coronavirus/index.html

03-25-2020, 02:24 PM

#13

Allegheny

"Yinzer an'at"

Joined APC: Jun 2012

Position: Sittin at the puter

Posts: 186

Quote:

Originally Posted by bababouey

much more of a domestic or western hemisphere airline for the next few years. Most new routes suspended, no India or Australia stuff. We'll be 70% of our Jan 1 2020 size by the end of the year. Only 4 type ratings on property this time next year. We'll furlough ~1500, but they will be recalled relatively quickly. Expect to double down on CLT/DFW/DCA, which were always the only places we really made money. These are all just my guesses, I'm not smart, but I've been studying this thing very hard. At the end of the day, we're slaves to demand, the company will not pay us to do nothing in perpetuity. What do others think?

I think you are correct. Parkers modes-operandi when times are unsettled is to avoid getting into capacity fights and double down on what AA has that's profitable. Defend the defensible hubs reduce capacity to make a small profit and show wall street that AA can be profitable. Then in that position of reduced strength, attempt to renegotiate the debt on a longer scale. Remember most of the debt is for aircraft leases. He will tell the lessors, come and get your airplane. As of tomorrow I am going to charge you rent to park on my ramp at DFW.

03-25-2020, 06:01 PM

#14

sanicom3205

Eating A Gruben

Joined APC: Feb 2020

Posts: 1,065

Quote:

Originally Posted by Al Czervik

We will only have 200-300 pilots when this travesty is over.

#Jcountry
#nameuser

It is quite....no....VERY possible that American Airlines comes out the other end of this no longer operating as an airline. Air travel will cease to exist in this country. I AM NOT AN ALARMIST and this is only my opinion.

03-25-2020, 06:06 PM

#15

ShyGuy

Gets Weekends Off

Joined APC: Dec 2005

Posts: 8,898

As much as I hate to say it, but a gut feeling that all 3 big legacy carriers will come out of this as leaner, smaller entities.

03-25-2020, 06:12 PM

#16

Ready2board

Line Holder

Joined APC: Nov 2019

Posts: 42

We just gotta pull in scope. Park the RJs and bring all that flying back in house.

03-25-2020, 06:36 PM

#17

Dobbs18

Gets Weekends Off

Joined APC: Jun 2014

Posts: 589

Quote:

Originally Posted by Ready2board

We just gotta pull in scope. Park the RJs and bring all that flying back in house.

I hear what you are saying but you cant fly a 319 into some of these tiny a$$ middle of nowhere destinations, or even a 190. I agree that those are far and few bw but there are still markets where 76/50 seats makes sense...and if you say, well just reduce the frequency down from 3-4 flights a day down to 2, research has shown that customers will gravitate towards the more options in most cases, however we may see a fundamental shift in consumer demand on the other side of this that makes those moves senseable. At the end of the day the airlines are going to operate markets in the most profitable way they can, plain and simple. But I am not against moving the regionals into the fold of the majors in a real way, just would hate to see it done at the expense of a fellow pilots job, whoever they fly for.

03-25-2020, 07:05 PM

#18

senecacaptain

Gets Weekends Off

Joined APC: Nov 2019

Posts: 1,256

Quote:

Originally Posted by ShyGuy

As much as I hate to say it, but a gut feeling that all 3 big legacy carriers will come out of this as leaner, smaller entities.

Delta CEO already said they will be smaller and/or "different" when they come out of this storm

03-26-2020, 03:08 AM

#19

AllYourBaseAreB

Gets Weekends Off

Joined APC: Dec 2019

Posts: 1,862

They are allowed to furlough in October according to the Senate Bill

03-26-2020, 03:35 AM

#20

DrJekyll MrHyde

Gets Weekends Off

Joined APC: Aug 2016

Position: Bus CA

Posts: 658

Quote:

Originally Posted by Dumpy

You are correct about the strings attached if they accept money, however the question is how much equity they will give up if they are asked to in exchange for grants.The Treasury Secretary, Steve Mnuchin, is “empowered” to ask for equity in exchange for the cash grants; the question is how much the airlines want to bite off if Mnuchin chooses to make it an exchange.

Yahoo Finance: U.S. Airline Bailout Offers Loans and Cash-for-Equity Aid