Furlough Estimates
06-18-2020, 12:39 PM
#111
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,293
Originally Posted by thrust
You guys are getting trolled by someone’s sock puppet account. Lots of those popping up since February. Perhaps a little more moderation and a little less pontification on every subject/topic on this site, eh RickAir777?
06-18-2020, 05:29 PM
#112
Gets Weekends Off
Joined APC: Jun 2014
Posts: 589
Originally Posted by thrust
You guys are getting trolled by someone’s sock puppet account. Lots of those popping up since February. Perhaps a little more moderation and a little less pontification on every subject/topic on this site, eh RickAir777?
06-18-2020, 08:50 PM
#114
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,293
Originally Posted by DoggiePoo
It just amazes me. In over 40 years in this industry how you young pilots are always so delusional. Especially you flow through guys. You know exactly how to fix everything. UAL just "sweetened" it's exit deal for personnel, Again, if you knew anything about airline history, bankruptcies since deregulation, you would know that SWA "plan" is Exactly how Every airline ended up in bankruptcy last time. As stated earlier. Your company is in debt up to it's hairline. SWA at least has cash on hand already. The only reason your management has not spoken to you about furloughs is because it would be completely fruitless and a waste of time. You are the first to head into bankruptcy court and will end up on the copping block. Cut up into pieces for UAL,SWA and DL to scavenge your carcass. You think it is all a joke. That I have some beef with AA or something. But when an old timer like me reads these boards and reads yours as opposed to the others. Your delusions of grandeur are beyond limit. Wake up little boys. My only sorrow is for those friends that stayed at AA from TWA and are going to get shafted again. At least they know the drill. You young kids are about to find out the hard way. Just look at the terminals. Look at the type of passenger traveling right now. They are Greyhound people. Very few businessmen. Ticket prices for the few that are traveling are so low they are attracting the people that are getting the extra $600.xx above unemployment. TSA numbers reflect exactly that. Nowhere near enough of a rise in pax load factor to pay for all those shiny new airplanes sitting on the ground. Your CEO is already looking for a way out of the financial mess and Wall Street has already asked him his plan and if that plan is bankruptcy. 30% is a good number to start with just like every other major. When the sale and bankruptcy come it's a staple if you are lucky. Probably not because AA mainline is not ALPA. Your regionals being ALPA are meaningless. The word is out about you young guys and the big freight companies will not take you on the rebound. Good luck, October 1 is. about 90 days away.
I didn't flow.
I don't work for SWA.
The only reason I think their plan is practical is because others will go BK first before SWA, and if it comes to liquidation of somebody, SWA will be around to pick up the pieces. They're not out-running the bear, they're just out-running most of the other campers.
06-18-2020, 09:10 PM
#115
Gets Weekends Off
Joined APC: Jan 2018
Position: FO
Posts: 180
https://upgradedpoints.com/coronavirus-impact
Found this website that seems to aggregate all sorts of Covid related airline data, including sources, and presents it in a decently readable format. Appears to be updated daily. For all of you Nostradamus' out there!
Found this website that seems to aggregate all sorts of Covid related airline data, including sources, and presents it in a decently readable format. Appears to be updated daily. For all of you Nostradamus' out there!
06-19-2020, 04:29 AM
#116
Gets Weekends Off
Joined APC: Jan 2006
Posts: 1,544
Originally Posted by Squeakygreaser
Any idea on how Americans daily cash burn is doing right now?
$40 million dollar cash burn per day in June
That translates to roughly $1.2 billion dollars for the month of June.
https://www.reuters.com/article/us-a...-idUSKBN23H2GX
06-19-2020, 07:47 AM
#117
Gets Weekends Off
Joined APC: May 2020
Posts: 484
Originally Posted by iahflyr
Straight from Doug Parker a couple days ago.
$40 million dollar cash burn per day in June
That translates to roughly $1.2 billion dollars for the month of June.
https://www.reuters.com/article/us-a...-idUSKBN23H2GX
$40 million dollar cash burn per day in June
That translates to roughly $1.2 billion dollars for the month of June.
https://www.reuters.com/article/us-a...-idUSKBN23H2GX
Sure that is actually ten million a day less then we were expecting and continuing to fall. It’s not sunshine and rainbows but I am happy if we managed to cut our burn by 300 million a month. AA is aiming for the same point your guys are cash burn zero at the end of the year.
06-19-2020, 01:09 PM
#118
Gets Weekends Off
Joined APC: Jan 2016
Position: Left
Posts: 1,189
Originally Posted by rickair7777
I'm not young.
I didn't flow.
I don't work for SWA.
The only reason I think their plan is practical is because others will go BK first before SWA, and if it comes to liquidation of somebody, SWA will be around to pick up the pieces. They're not out-running the bear, they're just out-running most of the other campers.
I didn't flow.
I don't work for SWA.
The only reason I think their plan is practical is because others will go BK first before SWA, and if it comes to liquidation of somebody, SWA will be around to pick up the pieces. They're not out-running the bear, they're just out-running most of the other campers.
That saying never gets old, when used for just about anything
06-19-2020, 02:28 PM
#119
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by rickair7777
The only reason I think their plan is practical is because others will go BK first before SWA, and if it comes to liquidation of somebody, SWA will be around to pick up the pieces. They're not out-running the bear, they're just out-running most of the other campers.
06-19-2020, 03:41 PM
#120
Gets Weekends Off
Joined APC: Mar 2014
Posts: 774
Originally Posted by Gone Flying
I dont work for WN either but think rick is right. 1 fleet type, little to no cost on pilot training as they expand and contract, and scrooge mcduckian amounts of cash in the vault has lead to an airline that can out wait their opponent and be the most flexible in the revovery.
So I get why fewer fleets is more cost effective, but why is Delta the most profitable flying a billion different fleet types, many that are very fuel inefficient? They figure out how to make it work somehow.
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