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Old 04-16-2020, 05:08 PM
  #121  
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Originally Posted by Denny Crane View Post
Agreed. I would expect an early retirement program by the first week in May. Then a couple weeks to decide, a few days for the company to figure out ramifications of early out and then a posting of a Displacement Bid ( I refuse to call it an AE) about the third week of May closing around first week of June with conversions starting July 1.

Just call me Nostradamus Jr.!!!

Denny
Hi Denny. Lots of stuff flying around about the early retirements. You and some of our other seasoned professionals have been thru a scuff or two, I get it. I don't expect you guys to buoy anyone junior to you (i.e. me). You guys have your own lives and families to be concerned about. Whether you guys take what the kompany offers or not, that's up to you as individuals. I'm perfectly content with whatever you guys decide that is in YOU and YOUR families best interest. Thanks for always being the gentleman. Take what you need and don't worry about us. You guys earned it.
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Old 04-16-2020, 06:07 PM
  #122  
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Originally Posted by Phins2right View Post
Hi Denny. Lots of stuff flying around about the early retirements. You and some of our other seasoned professionals have been thru a scuff or two, I get it. I don't expect you guys to buoy anyone junior to you (i.e. me). You guys have your own lives and families to be concerned about. Whether you guys take what the kompany offers or not, that's up to you as individuals. I'm perfectly content with whatever you guys decide that is in YOU and YOUR families best interest. Thanks for always being the gentleman. Take what you need and don't worry about us. You guys earned it.
Thanks Phins. You are a scholar and a gentleman! I appreciate your thoughts on this sensitive subject. I hope the Company offers a decent early retirement package. As has been said, I think a lot of it will depend on what happens in case of a BK. If that happens, I'm guessing the participation level will be high. Good Luck to us all!

Denny
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Old 04-17-2020, 06:12 AM
  #123  
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JL said in the last video update that early retirement announcement is probably within two weeks.
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Old 04-17-2020, 06:26 AM
  #124  
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My prediction. Early retirements will be underwhelming. Less than a 100 takers. They'll want us all to work for 50-55 hours indefinitely which could extend to a few years. 2500 still get furloughed on October 1st. FYI 55 hours is less than furlough pay per month for 12 year narrow body fo's
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Old 04-17-2020, 06:35 AM
  #125  
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Originally Posted by hockeypilot44 View Post
My prediction. Early retirements will be underwhelming. Less than a 100 takers. They'll want us all to work for 50-55 hours indefinitely which could extend to a few years. 2500 still get furloughed on October 1st. FYI 55 hours is less than furlough pay per month for 12 year narrow body fo's
Pardon my ignorance, but "furlough pay per month?"
saywhat?
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Old 04-17-2020, 06:41 AM
  #126  
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Originally Posted by hockeypilot44 View Post
My prediction. Early retirements will be underwhelming. Less than a 100 takers. They'll want us all to work for 50-55 hours indefinitely which could extend to a few years. 2500 still get furloughed on October 1st. FYI 55 hours is less than furlough pay per month for 12 year narrow body fo's
Yesterday it was 4700 furloughs.
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Old 04-17-2020, 06:42 AM
  #127  
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Originally Posted by dodo View Post
pardon my ignorance, but "furlough pay per month?"
saywhat?
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Old 04-17-2020, 06:50 AM
  #128  
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Originally Posted by hockeypilot44 View Post
My prediction. Early retirements will be underwhelming. Less than a 100 takers. They'll want us all to work for 50-55 hours indefinitely which could extend to a few years. 2500 still get furloughed on October 1st. FYI 55 hours is less than furlough pay per month for 12 year narrow body fo's
Totally accurate IMO. Management's mindset, as evidenced by the SIL cancelation, is not to give us anything more than what other employee groups are getting. Expect medical, travel benefits and one-three months of pay. There will be no serious ERP for pilots. Unfortunately.
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Old 04-17-2020, 07:15 AM
  #129  
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Originally Posted by Dodo View Post
Pardon my ignorance, but "furlough pay per month?"
saywhat?
Yeah. Unfortunately furlough pay is only for 6 months. It's in our PWA. 1 month of furlough pay for every year of service with the company. 6 months is the max. It's about $12k per month for a 12 year guy. 55 hours as a 737 FO is less than $11k per month.
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Old 04-17-2020, 07:18 AM
  #130  
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If 1000 pilots were offered 1 million each to early out, that’s a cool billion. Tough sell to the taxpayer who’s giving Delta cheddar right now.

Hard to imagine they’d take anything less. Plus they’d reasonably want health care while waiting for age 65 and Medicare.

Difficult to sell this to, say, early out flight attendants who will probably be offered 6 months salary and a buddy pass.

Curious to see where this leads.
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