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03-28-2020, 01:44 PM

#23351

Myfingershurt

Gets Weekends Off

Joined APC: Jul 2015

Position: MD-88 FO

Posts: 1,558

Quote:

Originally Posted by Mesabah

The bailout package should protect wholly owned carriers.

It should. In fact there is a segment in the bill that talks about the grant money being used for employee pay and benefits as well as paying any contractors. I would assume that means regional airlines.

03-28-2020, 01:49 PM

#23352

Mesabah

:-)

Joined APC: Feb 2007

Posts: 7,339

Republic, because of their bankruptcy, can't issue any equity in return for grant money, IF that is required.

03-28-2020, 01:50 PM

#23353

Rayjay

Banned

Joined APC: Mar 2020

Posts: 239

Quote:

Originally Posted by Myfingershurt

If we do get the bailout money, why would the company demand lower monthly guarantees? F that, that can shove it.

03-28-2020, 01:53 PM

#23354

Mesabah

:-)

Joined APC: Feb 2007

Posts: 7,339

Quote:

Originally Posted by Rayjay

If we do get the bailout money, why would the company demand lower monthly guarantees? F that, that can shove it.

Delta has forced cost reductions on us already.

03-28-2020, 01:58 PM

#23355

Rayjay

Banned

Joined APC: Mar 2020

Posts: 239

Quote:

Originally Posted by Mesabah

Delta has forced cost reductions on us already.

But why, if we are getting bailout money?

03-28-2020, 02:03 PM

#23356

Mesabah

:-)

Joined APC: Feb 2007

Posts: 7,339

Quote:

Originally Posted by Rayjay

But why, if we are getting bailout money?

The bailout money probably won't be enough. Chapter 11 is probably coming early next year.

03-28-2020, 02:08 PM

#23357

Rayjay

Banned

Joined APC: Mar 2020

Posts: 239

Quote:

Originally Posted by Mesabah

The bailout money probably won't be enough. Chapter 11 is probably coming early next year.

CH11 for who? Delta?

03-28-2020, 02:09 PM

#23358

PaloAlto

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Joined APC: Mar 2020

Position: CRJ

Posts: 110

Quote:

Originally Posted by Mesabah

The bailout money probably won't be enough. Chapter 11 is probably coming early next year.

If Delta goes into Chapter 11, the other legacies will have to follow to keep their cost structures competitive.

03-28-2020, 02:09 PM

#23359

PaloAlto

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Joined APC: Mar 2020

Position: CRJ

Posts: 110

Quote:

Originally Posted by Rayjay

CH11 for who? Delta?

And likely several other airlines.

03-28-2020, 02:14 PM

#23360

Mesabah

:-)

Joined APC: Feb 2007

Posts: 7,339

Quote:

Originally Posted by Rayjay

CH11 for who? Delta?

Everyone probably. The issue is that WideBody flying is not coming back for a long time. Domestic should recover once a vaccine is available. Regionals will be required to hold market share until demand returns for mainline aircraft, or mainline takes our airplanes, and mainline flies the 76 seaters.