CARES Act End Run
05-09-2020, 11:06 AM
#131
Gets Weekends Off
Joined APC: Nov 2016
Posts: 133
Originally Posted by iahflyr
^THIS^
I cannot understand why this is so hard for people to understand,
I cannot understand why this is so hard for people to understand,
05-09-2020, 02:30 PM
#132
Line Holder
Joined APC: Apr 2020
Posts: 29
Originally Posted by piloto2
At least two senators who actually voted on the act took issue with United's move. Perhaps they didn't understand what they were voting for or why the bill was drafted in the first place. Payroll Protection Program. Look up the definition of protect and tell me how cutting salaries 25% and eliminating benefits is "protection". The purpose of the bill was to keep people whole until October. Does anyone really think that saving money now will protect jobs in October if demand hasn't returned? Can anyone point to a single example of where employees who took concessions, voluntary or forced, that resulted in jobs being saved?
05-09-2020, 02:57 PM
#133
Gets Weekends Off
Joined APC: Dec 2019
Posts: 1,327
Originally Posted by piloto2
The purpose of the bill was to keep people whole until October.
What if I gave you 75% of the ingredients to bake a cake, then expect you to make the whole thing?
IMO....a better bill to pass would be some relief for all the airlines and the fixed costs they have. Rent for buildings, airplane payments, etc....
but nope.....those institutions are gonna get their money. It’s labor that’s gotta get kicked to the curb. Again.
05-09-2020, 07:51 PM
#134
Line Holder
Joined APC: Apr 2020
Posts: 28
Originally Posted by ReadOnly7
Then maybe they should have given more than 75%?
What if I gave you 75% of the ingredients to bake a cake, then expect you to make the whole thing?
What if I gave you 75% of the ingredients to bake a cake, then expect you to make the whole thing?
05-09-2020, 07:55 PM
#135
Gets Weekends Off
Joined APC: Aug 2016
Posts: 667
Originally Posted by ReadOnly7
Then maybe they should have given more than 75%?
What if I gave you 75% of the ingredients to bake a cake, then expect you to make the whole thing?
IMO....a better bill to pass would be some relief for all the airlines and the fixed costs they have. Rent for buildings, airplane payments, etc....
but nope.....those institutions are gonna get their money. It’s labor that’s gotta get kicked to the curb. Again.
What if I gave you 75% of the ingredients to bake a cake, then expect you to make the whole thing?
IMO....a better bill to pass would be some relief for all the airlines and the fixed costs they have. Rent for buildings, airplane payments, etc....
but nope.....those institutions are gonna get their money. It’s labor that’s gotta get kicked to the curb. Again.
05-10-2020, 05:17 AM
#136
Banned
Joined APC: Mar 2018
Posts: 1,358
Originally Posted by tonsterboy5
its very easy for airlines to make the 75% number. Up until a few months ago pilots would regularly credit over 100 hours with ease. Now the normal is minimum and nothing extra. Bam, there is the 25% savings without even trying
05-10-2020, 06:19 AM
#137
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Joined APC: Nov 2016
Posts: 133
Originally Posted by Itsajob
They earned 100 hours credit generating massive amounts of revenue for the company. That is a completely different scenario than paying all of your employees full time wages for part time work, while generating almost zero revenue. The more money a company burns in this environment, the closer it gets to chapter 11.
05-10-2020, 06:36 AM
#138
Banned
Joined APC: Mar 2018
Posts: 1,358
Originally Posted by piloto2
Where does the money from the COLAs play into the equation? And as the other poster asked, where is the accounting that shows they only received 75%? I'm sure they want to conserve money. After all, they will need some to pay bonuses to those who saved the company from certain ruin, right?
05-10-2020, 07:27 AM
#139
Gets Weekends Off
Joined APC: Aug 2016
Posts: 667
Originally Posted by Itsajob
They earned 100 hours credit generating massive amounts of revenue for the company. That is a completely different scenario than paying all of your employees full time wages for part time work, while generating almost zero revenue. The more money a company burns in this environment, the closer it gets to chapter 11.
05-10-2020, 07:58 AM
#140
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Joined APC: Feb 2008
Position: It's a plane and it's a seat
Posts: 951
Originally Posted by tonsterboy5
you are correct but effectively the government is paying 100% of the salary so the company isn’t burning anything in terms of salary. 75% of last years pay will cover minimums considering last year 100 hours was easy credit. Period. End of story. Now the company is trying to figure out how to pay other overhead and they are hoping to the can have some left over cares money after they pay everyone to use for other things. Not “legal” but with some simple accounting tricks it’s very easy to do
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