Furlough Estimates
08-12-2020, 07:01 PM
#921
Gets Weekends Off
Joined APC: Dec 2005
Position: CRJ F/O
Posts: 239
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 APC: Oct 2014
Position: Recovering OBOGS addict
Posts: 385
Originally Posted by Covfefe
POTUS has the authority to call them back.
Also, they are still working deals behind the scenes. Wheels are still turning, even though all those criminals aren’t in DC to vote.
Also, they are still working deals behind the scenes. Wheels are still turning, even though all those criminals aren’t in DC to vote.
the third is 100% true
08-12-2020, 08:57 PM
#923
Gets Weekends Off
Joined APC: Oct 2014
Position: Recovering OBOGS addict
Posts: 385
Originally Posted by airspeedsalive
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 APC: Feb 2020
Posts: 1,065
Originally Posted by RhinoBallAuto
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 APC: Feb 2011
Posts: 4,876
Originally Posted by sanicom3205
Everyone not in this industry who I’ve talked to thinks we should suffer since money was spent on stock buybacks
08-13-2020, 04:24 AM
#926
Gets Weekends Off
Joined APC: Oct 2015
Posts: 751
Originally Posted by Al Czervik
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
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Joined APC: May 2020
Posts: 484
Originally Posted by RhinoBallAuto
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
Gets Weekends Off
Joined APC: Feb 2010
Position: 2 Fan **** Can
Posts: 153
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
Gets Weekends Off
Joined APC: Mar 2014
Posts: 774
Originally Posted by Al Czervik
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 APC: Feb 2011
Posts: 4,876
Originally Posted by bababouey
We are way over staffed in my category, even with all the leaves and early outs. Curious if everyone else is too. I’ve been told we can run this place with 6000 pilots now if we hold our current schedule.
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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