AA has told main line that they are planning on 3000 furloughs between their three WO regionals. Do the math

 

Envoy is furloughing around 1600.

 

I hope thats sarcasm.

 

im sure his finger slipped

 

Pedro's email said 1600 but its generic company wide. It could include janitors

 

I don't think he means 1600 pilots.
When i saw the AA post about furloughing 3000 from WO, i was initially surprised, because that would pretty much shut down all 3 companies, however i believe the number includes all staffing at the WO.

 

1600. Envoy is a large ground handling company with an airline attached to it. The 3000 AA mentioned does not mean 3000 pilots, it means 3000 employees. So in that context, it was appropriate to say Envoy furloughs 1600.

 

No one here cares about anyone besides pilots in this context. The rest of the company is not our lane.

 

It was just to correct the claim of 3000 furloughs at WOs.
The pilot furloughs have already been announced last week.

 

The WOs will shrink. PSA may even shrink further depending on demand and outlook going into 2021.

All 3 legacies are barreling straight towards bankruptcy. The WOs are hopefully safe until that time but in bankruptcy we will likely be for sale just like everything else. Planes or hopefully planes and pilots.

I say that because a business can’t go into bankruptcy penniless. They need operating capital to see it through and cover expenses while they work on a restructuring plan. The thing about this that is unknown right now is obviously Covid-19 and our recovery. If they go into bankruptcy and it doesn’t look like there will be a meaningful path to recovery and profitability on the backside of bankruptcy they won’t likely be able to secure further financing. And they’ll need to maximize capital to make it as far as they can in bankruptcy until we do see that recovery.

Uncharted territory boys and girls. For all of the legacies. No one knows quite how this is going to play out but the industry will again, be forever changed.