Rip off the bandaid now or slowly bleed out?
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To add: airlines with simple fleet plans have a much easier task ahead. Frontier, Spirit, Southwest and even JetBlue or Alaska might decide its just easier to not take the money and go their own way. That money is coming with some onerous terms for management and just like Ford in 2008 decide its just easier if they don't strap themselves to Uncle Sam.
#13
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,600
Again, not impossible but personally I can’t wrap my mind around furloughs over grant money. Now furloughs after September......definitely a good possibility.
#14
Now I’m no SWA cheerleader (and that’s a gross understatement), but I’d be shocked if they went for furloughs instead of the grants. It would utterly destroy employee moral and what the Kompany has stood for.
Again, not impossible but personally I can’t wrap my mind around furloughs over grant money. Now furloughs after September......definitely a good possibility.
Again, not impossible but personally I can’t wrap my mind around furloughs over grant money. Now furloughs after September......definitely a good possibility.
I think it comes down to how much of the pie each carrier will be allocated. Don't know if that will be based on a fixed metric like ASM's, or if it will be need based. If it's the later I suspect some furloughs might happen at non-big-three majors.
#15
Gets Weekends Off
Joined APC: Jun 2017
Posts: 659
I agree they really don't want to go there, but what if furloughs leaves them $2B in cash on 01 Oct and grants + no furloughs leave them $0.8B?
I think it comes down to how much of the pie each carrier will be allocated. Don't know if that will be based on a fixed metric like ASM's, or if it will be need based. If it's the later I suspect some furloughs might happen at non-big-three majors.
I think it comes down to how much of the pie each carrier will be allocated. Don't know if that will be based on a fixed metric like ASM's, or if it will be need based. If it's the later I suspect some furloughs might happen at non-big-three majors.
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#20
Line Holder
Joined APC: Mar 2020
Posts: 25
At least the lack of open time and premiums as well as overtime in other positions will be way lower or nonexistent this year and reduced lines will stretch it a bit further for pretty much all carriers. Even with growth I think payroll costs could be lower.