Yeah one of the skynet moderators confirmed the article and gave the company reason. Anyone want to take bets on how long before the thread gets shutdown and/or deleted?

I'm not surprised that they would do something like this, but the timing is really a head-scratcher.

Is there some benefit to doing this in the first quarter? Specifically, coming out with this before March 1?

I would think that they would wait until at the very least after they get the PSP3.0 money. But even then, wait until 2Q or later to actually make the payments.

Are there that many manager types that have been living paycheck to paycheck and really rely on that PS check to live?

I thought some of the pilots I fly with are bad at managing money, but it's really scary to think that managers and even upper managers are that bad.

Like I said, I'm not surprised, but I am amazed/perplexed at the stupidity that they would do this right now. It's almost as dumb as the Vegas hockey team signing an endorsement for a betting picks website.

This should surprise no one.

https://www.nytimes.com/2009/07/31/business/31pay.html

I’m all for rewarding talent, I’m just not sure most businesses know how to evaluate where the talent is actually coming from.

The middle managers probably displayed more talent than VPs this last year. They solved problems never foreseen with less people and at a crucial juncture had the most experienced team members leave.

The VPs are the ones who should have the “big picture” to say it’s too soon to distribute bonuses.

Ah well, I just work here. Nice big stick they just handed ALPA to beat them with.

The company is going with...

"we're just giving them what we didn't pay them last year"

Does a Senior VP really need $250,000 in additional income?

Our ramp and ticketing agents had their hours cut 20% and they're making $15-20 per hour. Tens of thousands of employees took UNPAID leaves. Flight Attendants and Pilots saw schedule value reductions.

So since they're being "made whole" does that mean everyone else that sacrificed is as well?

Just to be clear a small number of employees took unpaid leave. Most took a leave with substantial compensation.

It was an unpaid leave of absence of up to 1 year.

Yes, you qualify for unemployment benefits. That's up to $365 per week in GA and $275 per week in FL for example plus up to $600 per week in federal aid that was in effect for 3 months and I believe it's now an additional $300 per week.

So a flight attendant at top pay that works 90 hours per month (pretty standard) would earn about $6,300 per month in flight pay alone. Easily $7,000 once you add per diem, lead pay, LOD, purser etc.

One on leave would earn a max of $3,860 every 4 weeks when the $600 federal unemployment add-on was in place and $2,660 every 4 weeks now with the $300 federal uneployment add-on.

That's only 50-60% lower than they'd earn if they had been working during that time.

I appreciate your machinations to put a less-awful spin on this, Sailing. Tough to use the term “substantial compensation” (meaning flight attendant unemployment, I assume?) juxtapose with 250k bonuses with tax payer bailout funds. Ed made all sorts of public proclamations about the need for what he repeatedly called unpaid leaves of absence and practically begged folks to take one.

Obviously the 6 month pledge is over.

https://finance.yahoo.com/news/heres...171206258.html

I said nothing about justifying the bonuses. The employees I know took very small cuts in pay to go on leave and one claimed it was a raise.