Delta To Furlough?
03-01-2020 | 08:47 AM
#41
:-)
Joined: Feb 2007
Posts: 7,339
Likes: 0
Would be nice to have some of that 15B back that we flushed down the drain for absolutely no long term value whatsoever so a few EPS based bonuses could be very slightly higher. Because they did that, if times get tough they may have to issue shares at falling knife prices. B-School genius.
03-01-2020 | 09:30 AM
#45
Line Holder
Joined: Jan 2007
Posts: 1,345
Likes: 43
From: 765A
no looking back required. It was a horrible move. The fact remains that an SIL, whether it paid 5 hours or 75 hours, was voluntary. Further while lots of pilots have said why take an SIL when you can sit around all month and get reserve guarantee.....you can’t take off and leave the country for a month if you are on reserve. A pilot may well determine an SIL worth 20 hours (or whatever amount) is worth having zero responsibility to the company.
03-01-2020 | 09:39 AM
#46
Gets Weekends Off
Joined: Apr 2018
Posts: 4,109
Likes: 482
no looking back required. It was a horrible move. The fact remains that an SIL, whether it paid 5 hours or 75 hours, was voluntary. Further while lots of pilots have said why take an SIL when you can sit around all month and get reserve guarantee.....you can’t take off and leave the country for a month if you are on reserve. A pilot may well determine an SIL worth 20 hours (or whatever amount) is worth having zero responsibility to the company.
Side note: How long did the 9/11 furloughs last?
03-01-2020 | 09:45 AM
#47
Gets Weekends Off
Joined: Aug 2013
Posts: 164
Likes: 0
It doesn't really matter that these figures are true because they don't cause panic and reduce travel demand. If we've learned anything about our society in the last few years it's that facts don't matter nearly as much as how people feel about something.
03-01-2020 | 09:50 AM
#48
Gets Weekends Off
Joined: Nov 2008
Posts: 1,508
Likes: 0
From: I'm here, i'm there, i'm everywhere...
If anything...this "slowdown" is just gonna give us all a little breather this Spring and possibly summer. MXP has just been suspended until May so we'll see what happens.
Instead of flying like crazy this summer we may actually have a somewhat normal summer. The company is behind on hiring both F/As and Pilots so...i'm not too worried about this at all.
Instead of flying like crazy this summer we may actually have a somewhat normal summer. The company is behind on hiring both F/As and Pilots so...i'm not too worried about this at all.
03-01-2020 | 09:52 AM
#49
Gets Weekends Off
Joined: Feb 2008
Posts: 20,871
Likes: 189
Keep in mind that 911 was a economic event. Airlines were losing large amounts of money starting in the second quarter of 2001 well prior to 911. In fact Delta saw the largest drop in yield in its entire history prior to 911. That is not the case today so the recovery should be swift.
03-01-2020 | 09:52 AM
#50
Da Hudge
Joined: Oct 2006
Posts: 17,473
Likes: 0
From: Poodle Whisperer
As much as I hate the JV... that has sharply reduced our exposure to the downside in this event. UA is getting hit hard (and canceling classes) while we’re overall continuing chugging along.
sailing’s prognostications are as usual off in the weeds. Self help from the company?? Beyond laughable. More than likely this will run its course over the next couple of months.
sailing’s prognostications are as usual off in the weeds. Self help from the company?? Beyond laughable. More than likely this will run its course over the next couple of months.
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