Will ExpressJet survive this?
#591
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Joined: Mar 2018
Posts: 1,358
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United ALPA put out an email basically saying that the CAREs act prevents the airline from changing the pay rates in a contract, but does not prevent them from changing work assignments. A displacement does not lower the rates, it just lowers your take home pay because your new position uses a different contractual rate than your previous position. Gotta love those technicalities.
#592
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Joined: Jul 2019
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I think I can speak for a lot of the furloughed pilots when I say the survival of the company is critical to us at this point. If XJT goes under there is no chance in hell any of us could compete for whatever jobs are left out there.
#593
Nobody has it better at the moment in general.
#594
Gets Weekends Off
Joined: Sep 2011
Posts: 707
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From: lav dumper
The other side to this is our current corporate infrastructure cannot be sustained on 40 airplanes. There is a training center, multiple departments, MX hangers and all this overhead. Versus an airline like Commutair which still may be operating in a garage somewhere.
Either there will be significant restructuring or I’m afraid total insolvency if they can’t get out of things like long term leases etc and this level continues.
Also, just say we did furlough 1,000 and go down to 40 airplanes. Everyone that would be left is top of the pay scale, 4 weeks vacation, highest percent 401k match etc. XJT is in a very bad spot unfortunately.
Either there will be significant restructuring or I’m afraid total insolvency if they can’t get out of things like long term leases etc and this level continues.
Also, just say we did furlough 1,000 and go down to 40 airplanes. Everyone that would be left is top of the pay scale, 4 weeks vacation, highest percent 401k match etc. XJT is in a very bad spot unfortunately.
Last edited by DirkDiggler; 05-16-2020 at 09:11 AM.
#595
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Joined: Mar 2018
Posts: 1,358
Likes: 0
The other side to this is our current corporate infrastructure cannot be sustained on 40 airplanes. There is a training center, multiple departments, MX hangers and all this overhead. Versus an airline like Commutair which still may be operating in a garage somewhere.
Either there will be significant restructuring or I’m afraid total insolvency if they can’t get out of things like long term leases etc and this level continues.
Also, just say we did furlough 1,000 and go down to 40 airplanes. Everyone that would be left is top of the pay scale, 4 weeks vacation, highest percent 401k match etc. XJT is in a very bad spot unfortunately.
Either there will be significant restructuring or I’m afraid total insolvency if they can’t get out of things like long term leases etc and this level continues.
Also, just say we did furlough 1,000 and go down to 40 airplanes. Everyone that would be left is top of the pay scale, 4 weeks vacation, highest percent 401k match etc. XJT is in a very bad spot unfortunately.
#597
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Joined: Jul 2008
Posts: 4,302
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#598
Gets Weekends Off
Joined: Feb 2020
Posts: 140
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It is unusual. Unless AA is flooding the market and betting on a quicker recovery than the others so that they will gain a larger market share of passengers who couldn't get flights where they wanted to go with DL/UA during all this madness? No idea though, just spit ballin'
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