What are the odds that we survive this

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03-29-2020 | 12:53 PM

#51

Nacho Libre

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Joined: Aug 2015

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From: Underpaid, LCC

So in listening to this teleconference at what point did he say F9 WAS taking the grant? Something that stood out to me was that he didn’t want involuntary furloughs, but brought up a gap from $220M to $300M in payroll. What happens if they only save some of that in COLAS, ETC.?
I guess we wait to hear something from the Union or the Company shortly.

03-29-2020 | 01:39 PM

#52

Powderkeg

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Joined: Dec 2016

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Quote:

Originally Posted by Nacho Libre

Read the memo in Comply, easier to digest and says the same things as the call. It says utilizing government money is “likely”. Can’t say it’s a sure thing, still have to apply to the Treasury. If there’s still a payroll shortfall then I wouldn’t expect our checks to bounce. Our cash position is strong. Just relax, for once I have a good feeling that we will get through this.

03-29-2020 | 01:50 PM

#53

fcoolaiddrinker

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Joined: Dec 2012

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Pretty sure that payroll number includes fa as well. They’ll get some colas there as well.

03-29-2020 | 02:13 PM

#54

Hellokitty

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Joined: Feb 2018

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Quote:

Originally Posted by therapysession

Never thought I'd say this......but I'll crack the beer open early and cheers to that. I agree. Finally a path laid out and a bit of leadership. I was curious when the rudderless ship was going to run ashore.

BB has demonstrated leadership and I’m very hopeful for our future. Let’s all come together and make sure this place survives.

03-29-2020 | 02:32 PM

#55

RustyChain

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Joined: Mar 2015

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Quote:

Originally Posted by Hellokitty

BB has demonstrated leadership and I’m very hopeful for our future. Let’s all come together and make sure this place survives.

Agreed!
*fluff*

03-30-2020 | 06:35 AM

#56

turbinepic

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Joined: Feb 2013

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From: I have slipped the surly bonds of Earth

Is there a recording of this conference call? No memo or email prior... SHM

03-30-2020 | 06:40 AM

#57

WaterRooster

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Quote:

Originally Posted by turbinepic

Is there a recording of this conference call? No memo or email prior... SHM

Check comply. The 5 page memo is in there.

03-30-2020 | 07:46 AM

#58

BiffleBalls

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Joined: Jul 2018

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Quote:

Originally Posted by turbinepic

Is there a recording of this conference call? No memo or email prior... SHM

There is a recording of the call circulating. Reach out to people you know, someone can probably send it to ya. His talk is definitely worth a listen. I thought BB was on point and that he sounded like a man with plan. It was the best news I'd heard in awhile.

04-02-2020 | 05:57 AM

#59

Punkah Louvre

Bus Driver ordinarie

Joined: Aug 2015

Posts: 555

Likes: 0

From: Airbus CA

Long Road. But Forbes likes us...

These changes will also make low-cost carrier (LCC) models like Spirit and Frontier more attractive. The addressable market will grow for these businesses as the proportion of price sensitive leisure volume increases and the market opportunities for mid-range long-haul expand. In addition, LCC business models are well adapted to make money in narrow body operations with high volume and low yields. So expect profit and growth acceleration out of this group first and rapid share gains taken from the hub and spoke carriers as the recovery takes hold.

https://www.forbes.com/sites/deandon...-cornonavirus/

04-02-2020 | 08:35 AM

#60

Aero1900

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Joined: Nov 2012

Posts: 3,758

Likes: 106

From: 1900D CA

This Corona shutdown is the ultimate test of business models.

Aside from Govt intervention, we should find out who's model works best in really bad times.