Furlough Estimates
07-13-2020 | 03:12 PM
#331
Gets Weekends Off
Joined: Feb 2012
Posts: 4,601
Likes: 0
From: CRJ FO
Seriously. This “get your house in order” crap gets really old. How is someone supposed to prepare for losing a six figure income job exactly? Go ahead and fly a little extra now. How long will that little bit of extra income hold you over for? An extra month tops? Give me a break. Short of selling your house and everything you own there is NOTHING you can do about going from airline pilot income to no income.
First of all, yea you’re losing a 6-figure income. But by taking any job you can find to stem the bleed of cash while you hunt for something better you certainly buy yourself time. And hopefully you have enough savings to make sure that you can last 6-12 months.
Second of all understand that 2020 is going to be a really bad year for pilots (or most everyone really). But it will pass and things will come back.
If you can’t afford the mortgage, consider renting the house and then you yourself renting something cheaper to live in to lower your bills. Consider reducing down to 1 vehicle if possible. Or selling a vehicle and buying a cheaper one... These events don’t have to be apocalyptic. But they will be uncomfortable.
07-13-2020 | 03:12 PM
#332
Gets Weekends Off
Joined: Jul 2017
Posts: 4,083
Likes: 0
From: CRJ9 CA
The WARN requirement is for a 90 day notice to the best of my knowledge, so thats puts the earliest furlough possibility at like Oct 15th if they are received this week. And to the people that said we(AA pilots) said we wouldnt have to furlough bc of VPLOAs, that is just ridiculous, all anybody with a brain said was that they would help mitigate the number down. My best guess is 2,000 are sent out because why would they undercut the number?? its going to suck when they go out and i am kind of pist bc i would have taking a LOA in Aug but none were offered for my category!!!
07-13-2020 | 03:34 PM
#333
You scratched my anchor
Joined: Feb 2011
Posts: 5,122
Likes: 74
07-13-2020 | 03:40 PM
#334
On Reserve
Joined: Apr 2020
Posts: 57
Likes: 1
Well that’s not true at all.
First of all, yea you’re losing a 6-figure income. But by taking any job you can find to stem the bleed of cash while you hunt for something better you certainly buy yourself time. And hopefully you have enough savings to make sure that you can last 6-12 months.
Second of all understand that 2020 is going to be a really bad year for pilots (or most everyone really). But it will pass and things will come back.
If you can’t afford the mortgage, consider renting the house and then you yourself renting something cheaper to live in to lower your bills. Consider reducing down to 1 vehicle if possible. Or selling a vehicle and buying a cheaper one... These events don’t have to be apocalyptic. But they will be uncomfortable.
First of all, yea you’re losing a 6-figure income. But by taking any job you can find to stem the bleed of cash while you hunt for something better you certainly buy yourself time. And hopefully you have enough savings to make sure that you can last 6-12 months.
Second of all understand that 2020 is going to be a really bad year for pilots (or most everyone really). But it will pass and things will come back.
If you can’t afford the mortgage, consider renting the house and then you yourself renting something cheaper to live in to lower your bills. Consider reducing down to 1 vehicle if possible. Or selling a vehicle and buying a cheaper one... These events don’t have to be apocalyptic. But they will be uncomfortable.
07-13-2020 | 03:40 PM
#335
Gets Weekends Off
Joined: Feb 2012
Posts: 4,601
Likes: 0
From: CRJ FO
07-13-2020 | 03:43 PM
#336
Gets Weekends Off
Joined: Nov 2019
Posts: 1,256
Likes: 0
Well that’s not true at all.
First of all, yea you’re losing a 6-figure income. But by taking any job you can find to stem the bleed of cash while you hunt for something better you certainly buy yourself time. And hopefully you have enough savings to make sure that you can last 6-12 months.
Second of all understand that 2020 is going to be a really bad year for pilots (or most everyone really). But it will pass and things will come back.
If you can’t afford the mortgage, consider renting the house and then you yourself renting something cheaper to live in to lower your bills. Consider reducing down to 1 vehicle if possible. Or selling a vehicle and buying a cheaper one... These events don’t have to be apocalyptic. But they will be uncomfortable.
First of all, yea you’re losing a 6-figure income. But by taking any job you can find to stem the bleed of cash while you hunt for something better you certainly buy yourself time. And hopefully you have enough savings to make sure that you can last 6-12 months.
Second of all understand that 2020 is going to be a really bad year for pilots (or most everyone really). But it will pass and things will come back.
If you can’t afford the mortgage, consider renting the house and then you yourself renting something cheaper to live in to lower your bills. Consider reducing down to 1 vehicle if possible. Or selling a vehicle and buying a cheaper one... These events don’t have to be apocalyptic. But they will be uncomfortable.
07-13-2020 | 04:16 PM
#337
Gets Weekends Off
Joined: Jan 2018
Posts: 2,826
Likes: 232
I hope we all see what is going on here. Billion dollar corporations get government bailout money nearly instantly, and us working stiffs get $1200 and some crappy temporary unemployment benefits.
07-13-2020 | 04:30 PM
#338
Banned
Joined: May 2017
Posts: 2,012
Likes: 0
I’ll pile on
there is absolutely something you can do to prepare for unemployment with 6 months notice. Yes rent (or sell) the house. Make vehicle changes. Have the spouse start abc-ing again if possible. Or hide assets if bankruptcy is inevitable.
Comparing what you have now to what you will have after furlough isn’t the right comparison. It’s more like what you can save from a burning house vs one that will flood in 12 hours
there is absolutely something you can do to prepare for unemployment with 6 months notice. Yes rent (or sell) the house. Make vehicle changes. Have the spouse start abc-ing again if possible. Or hide assets if bankruptcy is inevitable.
Comparing what you have now to what you will have after furlough isn’t the right comparison. It’s more like what you can save from a burning house vs one that will flood in 12 hours
07-13-2020 | 04:44 PM
#339
You scratched my anchor
Joined: Feb 2011
Posts: 5,122
Likes: 74
He gave you some pretty practical advice. Have a savings account and leverage the assets you own to try to hold off bankruptcy. Crying about it isn't going to help.
I hope we all see what is going on here. Billion dollar corporations get government bailout money nearly instantly, and us working stiffs get $1200 and some crappy temporary unemployment benefits.
I hope we all see what is going on here. Billion dollar corporations get government bailout money nearly instantly, and us working stiffs get $1200 and some crappy temporary unemployment benefits.
07-13-2020 | 05:43 PM
#340
Gets Weekends Off
Joined: Jul 2015
Posts: 136
Likes: 0
Thread
Thread Starter
Forum
Replies
Last Post
