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Old 04-30-2020, 04:55 PM   #11  
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Did they not take money from the CARES Act
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Old 04-30-2020, 04:59 PM   #12  
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Did they not take money from the CARES Act
they did. Per MEC XJT will receive funds in next few days
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Old 04-30-2020, 05:00 PM   #13  
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they did. Per MEC XJT will receive funds in next few days
so how are they getting away with furloughs?
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Old 04-30-2020, 05:03 PM   #14  
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so how are they getting away with furloughs?
I donít know the details. Seems like other airlines were able to furlough trainees also?
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Old 04-30-2020, 05:20 PM   #15  
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I donít know the details. Seems like other airlines were able to furlough trainees also?
Airlines can furlough up to 10% and still be in compliance with the CARES act.
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Old 04-30-2020, 05:24 PM   #16  
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Thinking about going to get my mechanic rating or CDL
I have both. Stay out of the truck. Turn wrenches if you must. A set of Snap-ons is easier to polish.
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Old 04-30-2020, 05:37 PM   #17  
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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.
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Old 04-30-2020, 06:08 PM   #18  
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Over the last 10 years the airlines have posted billions upon billions in profits, of which 96% of that went towards shareholder buybacks.
Gonna do this again...

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.
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Old 04-30-2020, 06:36 PM   #19  
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Only for the loan, not the grant. No airline has received any loan money.

Unless things have changed you arenít considered a pilot on the seniority list till you complete your LOE.
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Old 04-30-2020, 06:41 PM   #20  
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Unless things have changed you arenít considered a pilot on the seniority list till you complete your LOE.


So if they arenít seniority list pilots, is it really furlough?
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