Furloughs
04-30-2020, 06:48 PM
#21
Gets Weekends Off
Joined APC: Jun 2015
Posts: 699
Originally Posted by DirkDiggler
It amazes me, these greedy executives and CEO's. Over the last 10 years the airlines have posted billions upon billions in profits, of which 96% of that went towards shareholder buybacks.
Like begets like.
Money makes more money. Period.
04-30-2020, 06:53 PM
#22
On Reserve
Joined APC: Jul 2018
Posts: 22
Originally Posted by flynd94
Unless things have changed you aren’t considered a pilot on the seniority list till you complete your LOE.
04-30-2020, 07:24 PM
#23
Gets Weekends Off
Joined APC: Sep 2011
Position: lav dumper
Posts: 707
Originally Posted by ninerdriver
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.
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.
04-30-2020, 07:31 PM
#24
Gets Weekends Off
Joined APC: Jul 2019
Posts: 185
Originally Posted by flynd94
Unless things have changed you aren’t considered a pilot on the seniority list till you complete your LOE.
04-30-2020, 07:38 PM
#25
Gets Weekends Off
Joined APC: Apr 2020
Posts: 237
Originally Posted by flynd94
Unless things have changed you aren’t considered a pilot on the seniority list till you complete your LOE.
04-30-2020, 08:30 PM
#26
Gets Weekends Off
Joined APC: Nov 2016
Posts: 133
Originally Posted by furloughfuntime
The lack of any sort of notice also sucks
04-30-2020, 09:13 PM
#27
Line Holder
Joined APC: Apr 2020
Posts: 29
Originally Posted by piloto2
What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
04-30-2020, 09:45 PM
#28
Gets Weekends Off
Joined APC: Aug 2017
Posts: 533
Originally Posted by piloto2
What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
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04-30-2020, 09:59 PM
#29
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,190
Originally Posted by piloto2
What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
There are several potential loopholes to CARES payroll protections, this is one of them, as well as downgrades conducted in accordance with the contract.
04-30-2020, 10:34 PM
#30
Banned
Joined APC: Apr 2020
Posts: 25
Originally Posted by piloto2
What? Were you studying so hard that you hadn't heard what was going on in the world, in particular the airline industry? Or were they providing kool aide there at the training center?
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