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Did they not take money from the CARES Act
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Originally Posted by Md5drivr
(Post 3045761)
Did they not take money from the CARES Act
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Originally Posted by SeeYa
(Post 3045768)
they did. Per MEC XJT will receive funds in next few days
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Originally Posted by Md5drivr
(Post 3045770)
so how are they getting away with furloughs?
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Originally Posted by SeeYa
(Post 3045772)
I don’t know the details. Seems like other airlines were able to furlough trainees also?
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Originally Posted by Flydafe
(Post 3045718)
Thinking about going to get my mechanic rating or CDL
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Originally Posted by daOldMan
(Post 3045784)
Airlines can furlough up to 10% and still be in compliance with the CARES act.
Only for the loan, not the grant. No airline has received any loan money. |
Originally Posted by DirkDiggler
(Post 3045743)
Over the last 10 years the airlines have posted billions upon billions in profits, of which 96% of that went towards shareholder buybacks.
That 96% number is free cash flow, not profits. That number is also skewed by AA, which spent $12.9B on buybacks with almost $8B of negative free cash flow. Remove AA, and the number is more like 60%, which is close to S&P averages. |
Originally Posted by WhiskeyDelta
(Post 3045794)
Only for the loan, not the grant. No airline has received any loan money.
Unless things have changed you aren’t considered a pilot on the seniority list till you complete your LOE. |
Originally Posted by flynd94
(Post 3045844)
Unless things have changed you aren’t considered a pilot on the seniority list till you complete your LOE.
So if they aren’t seniority list pilots, is it really furlough? |
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