if you read above, there is suspicion that it is 50 FO/ 50 CA with effective dates in the second half of 2021.

 

Yuge


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Soo the MEC Email was referring to the company reaching out to the union regarding potential furloughs down the line or am I reading this thing wrong? That was the vaguest Email, basically letting us know someone talked to someone..someone briefed someone else and then they let us know ..... but can’t say about what.

 

Could be referring to basically anything.
Furloughs, credit caps, further reduced guarantees, long term LOAs, sacrificing the potatoes, concessions, etc.
I wouldn’t jump straight to furlough, but I would assume the worst for the sake of my bank Acct.

 

I agree I wouldn't jump straight to furloughs just yet, but fully expecting one or more intermediate steps i.e. long term VILs and further credit reductions. Let's hope it stops there.

 

yah I agree. That email was probably not needed. Especially with the lack of any information. Why bother telling us you and the company talked? That being said, very well could have to do with the AA deal?

 

I don’t see any need for this email if it was standard furlough mitigation discussions. I would expect the NC/MEC to be in discussions with the company as this covid thing develops, and wouldn’t expect an email telling me they met to discuss it. Something about this strikes me as odd, and I got this little nagging feeling there’s something up. But M&A doesn’t make a whole lot of sense right now. Who the eff knows. Hopefully more info soon. Just seems too early to be May 1st and onward furlough discussions, especially with payroll support possibly coming soon, as well as vax rollout beginning soon. May is a very long way away in that sense. Agreeing to even discuss concessions now when summer 2021 bookings could go way up because of the vaccine, or additional PSP funds, seems odd. But I’ll wait and see I guess.

Or, it could be an effort to posture the government for getting CARES2 over the line (kind of like what I think the SWA situation with their WARNs is, likely in addition to seeking concessions).

 

I read the Email, then said to my self ... what the hell did I just read? I’m thinking it was to proactively discuss furlough mitigation if need be, since they mentioned something about the second round of stimulus. Either way we’ll find out at some point, just seemed oddly vague.

 

Word at OSC was that the Company wanted to meet to discuss CBA “Concessions”. They are still burning more money than expected, as it was reported recently.

 

I liked the part of your post that talked about long term VILS. Please God- 12-18 months @50. Sign me up.