Delta, Allegiant, and United only furloughs?
#21
Gets Weekends Off
Joined APC: Jun 2008
Posts: 206
At Allegiant management threatened massive furloughs in an attempt to gut our contract. The union said their ask would have removed something like 160 pages from the CBA. The union told them to pound sand, then they upped the threats and took it directly to the pilots. The pilot group laughed at them and also told them to pound sand. They were supposed to put out their furlough projection on Friday but nothing came. Many articles have been published showing how great Allegiant is doing and our CEO bragged to the investors about how this is a great opportunity. It appears Allegiant was just being Allegiant and taking another opportunity to undermine employee compensation. I would be surprised if they actually furlough anyone come October. I wouldn't be surprised if they keep making threats and even send out some notices then take it back at the last minute.
#23
Banned
Joined APC: Jun 2015
Posts: 482
Everybody is going to furlough. Very simple math. 40% pax expected by oct 1st. You either shrink your payroll or you slow roll it to bankruptcy. Not much choice. Everybody basically in same boat. If the forecast is right of 70% by next summer, how can companies continue with 100% aircraft and employees, they can't. I believe most carriers are taking the wait and see until their minimum furlough announcement dates comes about to not set off panic.
AA is planning on shrinking as well.
Sent from my SM-G975U using Tapatalk
AA is planning on shrinking as well.
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June AA will be 40-45%, speculating 50-60%.
#26
That doesn't mean they will continue. With that logic, the stock market should return to normal in a month. What if the amount of passengers willing to travel without a vaccine is only 50%? We will see steady growth until we hit that ceiling. Hopefully that ceiling is high enough for us to make money.
#27
Banned
Joined APC: Jun 2015
Posts: 482
That doesn't mean they will continue. With that logic, the stock market should return to normal in a month. What if the amount of passengers willing to travel without a vaccine is only 50%? We will see steady growth until we hit that ceiling. Hopefully that ceiling is high enough for us to make money.
“what if” we get hit by an asteroid? There’s always a “what if”. Right now the trend is in the right direction. It’s continuing in the right direction. Can play the “IF” game all day long.
Market? Just like Dow dropped down to 18,000 its since has come up to 25,000+. Didn’t happen overnight.
AA announced they are at 35% as of May. That’s a big difference from 10% in March/April.
Last edited by Flying101; 05-27-2020 at 09:05 AM.
#28
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,160
Today (5/26) is 11%. An upward trend, but barely.
Numbers should improve as more entertainment outlets (Las Vegas, Orlando, etc) reopen.
Things definitely seem to be improving and reason for optimism. My biggest concern at this point is whether or not the public at large is going to have any money to take a vacation this summer.
… and note that United is forecasting a strong rebound in international travel. I assume that's based on future bookings.
#29
Banned
Joined APC: Jun 2015
Posts: 482
This week's still catching holiday traffic.
Today (5/26) is 11%. An upward trend, but barely.
Numbers should improve as more entertainment outlets (Las Vegas, Orlando, etc) reopen.
Things definitely seem to be improving and reason for optimism. My biggest concern at this point is whether or not the public at large is going to have any money to take a vacation this summer.
… and note that United is forecasting a strong rebound in international travel. I assume that's based on future bookings.
Today (5/26) is 11%. An upward trend, but barely.
Numbers should improve as more entertainment outlets (Las Vegas, Orlando, etc) reopen.
Things definitely seem to be improving and reason for optimism. My biggest concern at this point is whether or not the public at large is going to have any money to take a vacation this summer.
… and note that United is forecasting a strong rebound in international travel. I assume that's based on future bookings.
#30
Gets Weekends Off
Joined APC: Sep 2005
Posts: 1,735
In 2019 consumer debt have increase 19% since 2009. Credit Cards hit record high of $829 Billion. Many people will find a way to spend money when they see a good deal. I'm willing to bet that, even last year families who spent $6000-$10,000 for a Disney Vacation probably couldn't afford it, or didn't have the money to do it, but they can afford the "payments"
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