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Originally Posted by BRJPilot
(Post 3047799)
Precisely! And that's why many offered COLAs, RFLs, early retirements, etc. Those actions as well as other reductions should be able to cover the difference. And is it unreasonable to expect that a company shouldn't have some of their own money available to cover unforseen circumstances? Additionally, the way I read the legislation, even though the money doled out was only a percentage of what was asked for, the ask was based on historical payroll and not the actual payroll that was adjusted/reduced after all of the voluntary cost cutting.
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Does any rational person think tax payers are going to save ALL the airlines?
I think of this as a quasi unemployment payout. This and every business out there will be lining up for their portion of treasury gifting |
Originally Posted by Spoiler
(Post 3048304)
Does any rational person think tax payers are going to save ALL the airlines?
I think of this as a quasi unemployment payout. This and every business out there will be lining up for their portion of treasury gifting |
Originally Posted by Flydafe
(Post 3048331)
the government will find the airlines bun any means necessary. They are essential to homeland security and the department of defense. Not the regionals I’m talking about the big three. There is some kind of civilian air service or something like that that basically says that the airlines can convert planes for military use and crew them
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We saw what happened with Amtrack - IMO it would be cheaper to do this with airlines. Mass transit in municipalities is not private to my knowledge.
Can't really argue that airlines are "free enterprise" when it's the most regulated industry in history. The "utility" argument is valid. Nevertheless - I'm speculating that 1 trunk carrier like DAL will be funded and redundant svc be eliminated and certainly SWA. The LCC's will remain but 3 large carriers is too much to be expected. |
Originally Posted by Flydafe
(Post 3048331)
the government will find the airlines bun any means necessary. They are essential to homeland security and the department of defense. Not the regionals I’m talking about the big three. There is some kind of civilian air service or something like that that basically says that the airlines can convert planes for military use and crew them
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At least one other airline exec sees this for what it is.
https://www.airlinepilotforums.com/u...kirby-out.html |
Well, well, it looks like United is making the reduction in ground support staff's hours "optional" now. I wonder if they didn't like the heat from the Sentor's office or they just decided to do it out of the goodness in their hearts!
https://news.yahoo.com/united-airlin...-sh&soc_trk=ma |
Has there been an official statement regarding XJT getting any of the government cheese? Grant, loan, both, neither? All that I have found is old reports saying that they are having discussions with the govt.
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Originally Posted by Itsajob
(Post 3047766)
The grant money wasn’t designed to cover all payroll expenses. The new measure in the industry is cash burn. The company burning the least amount of cash will have a better chance of survival. The flip side of this letter is that if the airlines are prevented from lowering labor cost until October, the cuts in October could be even more extreme in an attempt to recover that money. This could turn out to be a case of be careful what you wish for, especially for ground operations. They could be furloughed very deep being that it takes far less time, training, and expense to bring them back than an employee group like pilots.
I cannot understand why this is so hard for people to understand, |
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