Originally Posted by ERflyer
(Post 3020041)
Then why aren’t we taking the government loan to further extend our time until traffic does recover enough?
Assuming traffic is essentially too low for us it is too low for everyone. Will the government allow all airlines to go under? |
Take everything the company says with a grain or two of salt, there are thousands of former DAL pilots whose life styles have been permanently altered. (Warning, caution.}
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Originally Posted by mikea72580
(Post 3019927)
A) Delta lobbied their butts off for the $5.2B payroll grant, and lobbied to have most of the draconian strings attached to the LOANS, not the grants. They are working hard to not need the loans. They succeeded in securing these funds which are based on the payroll from last summer, which was the largest payroll period in Delta’s history. Very smart lobbying. That is a magnitude more money than they will need to cover employees this summer.
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Originally Posted by ERflyer
(Post 3020041)
Then why aren’t we taking the government loan to further extend our time until traffic does recover enough?
Assuming traffic is essentially too low for us it is too low for everyone. Will the government allow all airlines to go under? As far as loans they are taking them and have already closed on money in the open market. I think they feel they can get better terms there since I suspect we are pulling our cash burn down faster than our competitors can. That should put us in a position to rebound faster. |
Everyone needs to take what Ed says pro or con vs. labor w/ a grain of salt. It’s what I expect him to say. It’s why we are where we are... in a better position than many. Ed is going to come after the pilots w/ as much as he can get. WE need to realize this and that it’s just business and fight for everything we have. Drown out the other voices and let’s not worry about what they say. WE worry about ourselves. WE fight for pilots. Ed will do his job (and has to date) to run this company. WE (and our MEC) need to stay unified, strong and unwavering about our lot. WE understand better than most and also know what WE gave up, still haven’t regained and what WE have to lose.
WE need strength. Unity. The resolve to complete this. WE have the most to lose. So far our MEC has done a good job and I stand behind what they’ve done. |
Originally Posted by firstmob
(Post 3019968)
The more I read responses on this forum the more negatove they become. It seems we have a very large group who are only thinking of themselves and not other employees ir the survical of the company. Lets face it guys if Delta tanks it will not be alone and the number of jobs lost will be huge. I love my union but I also love my company it's time to work together for all our survival.
I agree we should all work together to save the company. SIL’s seem like a good start, at least to the rest of the industry. |
Originally Posted by sailingfun
(Post 3020058)
No, but they might allow one or two. Besides a airline going under does not mean the aircraft go away. Airlines come and go, aircraft just change colors.
As far as loans they are taking them and have already closed on money in the open market. I think they feel they can get better terms there since I suspect we are pulling our cash burn down faster than our competitors can. That should put us in a position to rebound faster. Denny |
Originally Posted by Denny Crane
(Post 3020081)
If AA and UA end up taking loans I don't see how Delta management is going to avoid them. AA/UA can get another $5 billion in liquidity. How are we going to compete with that no matter what concessions the company gets.
Denny |
With better upside opportunities on the back end of this covid scare
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Originally Posted by sailingfun
(Post 3020088)
We get 5 billion in loans on the open market with better terms.
Denny |
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