Furlough Estimates
08-12-2020 | 07:01 PM
#921
Gets Weekends Off
Joined: Dec 2005
Posts: 239
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From: CRJ F/O
So, if cares#2 does get passed with furlough protection, does anyone think there’s a possibility that some carriers may pass on it anyway? If they really believe they are going to need to furlough is possible that they’ll just go ahead and let people go to start adjusting to their “new normal”?
08-12-2020 | 08:52 PM
#922
Gets Weekends Off
Joined: Oct 2014
Posts: 385
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From: Recovering OBOGS addict
08-12-2020 | 08:57 PM
#923
Gets Weekends Off
Joined: Oct 2014
Posts: 385
Likes: 0
From: Recovering OBOGS addict
So, if cares#2 does get passed with furlough protection, does anyone think there’s a possibility that some carriers may pass on it anyway? If they really believe they are going to need to furlough is possible that they’ll just go ahead and let people go to start adjusting to their “new normal”?
08-13-2020 | 03:01 AM
#924
Eating A Gruben
Joined: Feb 2020
Posts: 1,065
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while possible, I think it’s unlikely... from a pure PR perspective, it would look awfully $httty to be the only carrier to have the reputation of laying off workers when all that taxpayer cheese was available... I don’t think anyone of em will risk having to carry that stigma. Just my hunch.
08-13-2020 | 03:06 AM
#925
You scratched my anchor
Joined: Feb 2011
Posts: 5,122
Likes: 74
yup. the almighty dollar rules though. the gov’t knows the airlines have to be there for a recovery. I’m wondering if cares 2 will happen but still allow some sort of furlough. it doesn’t seem as though any airline is going to need as many pilots as they’re carrying for a while.
08-13-2020 | 04:24 AM
#926
Line Holder
Joined: Oct 2015
Posts: 832
Likes: 68
yup. the almighty dollar rules though. the gov’t knows the airlines have to be there for a recovery. I’m wondering if cares 2 will happen but still allow some sort of furlough. it doesn’t seem as though any airline is going to need as many pilots as they’re carrying for a while.
All of the majors are in such a financial position (current cash on hand) that they would restructure just like DAL, NW, UAL, and CAL did in the first decade of the 2000’s if they were to declare bankruptcy.
With bankruptcy, management would just have the ability to right size the company and contracts to more accurately reflect the current market conditions.
The airlines would still be there for recovery. Just smaller and better suited to survive the present tragedy.
08-13-2020 | 06:42 AM
#927
Gets Weekends Off
Joined: May 2020
Posts: 484
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while possible, I think it’s unlikely... from a pure PR perspective, it would look awfully $httty to be the only carrier to have the reputation of laying off workers when all that taxpayer cheese was available... I don’t think anyone of em will risk having to carry that stigma. Just my hunch.
I highly doubt it. When Uncle Sam give a gift you are taking it. When they bailed out the banks in 08 many of the banks didn’t need it but they forced them to take bail out money anyway. The theory being of one takes and another doesn’t the market is gonna crush the one who did. So if it passes we are all taking the cheese.
08-16-2020 | 04:11 AM
#928
On Reserve
Joined: Feb 2010
Posts: 154
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From: 2 Fan **** Can
Just listened to PTT 19. Damn, very interesting to hear AA was willing to discuss ALV reductions to suppress furloughs. APA said not a chance. So my guess is that these LOAs must be so good that every single member of the BOD and N.C. would take them if they were in our position? Amazing leadership. Sure will make voting for section 6 easy next time it happens.
08-16-2020 | 05:06 AM
#929
Line Holder
Joined: Mar 2014
Posts: 889
Likes: 24
yup. the almighty dollar rules though. the gov’t knows the airlines have to be there for a recovery. I’m wondering if cares 2 will happen but still allow some sort of furlough. it doesn’t seem as though any airline is going to need as many pilots as they’re carrying for a while.
08-16-2020 | 05:11 AM
#930
You scratched my anchor
Joined: Feb 2011
Posts: 5,122
Likes: 74
I read that the lack of a cares decision is killing our scheduling for October. All the planning is up in the air and company isn’t able to make informed decisions on schedule load.
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