COVID-19 Concessions
03-21-2020 | 07:19 AM
#2
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,127
Likes: 796
From: Engines Turn or People Swim
A *common* consensus among major pilots who lived through it last time is don't give concessions because that will just be used as a lower set-point when they file BK... better to lose 40% of 100%, rather than 40% of 60%.
Apparently there's no legal mechanism for a "snap-back" provision which would survive a BK filing... courts will only care what your pay was going in, they won't care how you got there.
Apparently there's no legal mechanism for a "snap-back" provision which would survive a BK filing... courts will only care what your pay was going in, they won't care how you got there.
03-21-2020 | 08:06 AM
#3
Porco Rosso
Joined: Apr 2018
Posts: 2,522
Likes: 0
03-21-2020 | 09:11 AM
#4
Thread Starter
Gets Weekends Off
Joined: Dec 2013
Posts: 1,602
Likes: 0
A *common* consensus among major pilots who lived through it last time is don't give concessions because that will just be used as a lower set-point when they file BK... better to lose 40% of 100%, rather than 40% of 60%.
Apparently there's no legal mechanism for a "snap-back" provision which would survive a BK filing... courts will only care what your pay was going in, they won't care how you got there.
Apparently there's no legal mechanism for a "snap-back" provision which would survive a BK filing... courts will only care what your pay was going in, they won't care how you got there.
03-21-2020 | 09:58 AM
#5
Gets Weekends Off
Joined: Dec 2016
Posts: 180
Likes: 0
SkyWest accepted a reduced monthly guarantee in exchange for a 50 hour paid leave program and a suspension of the reliability requirements for a very broad range of COVID-19 related issues, among a few other things. I'm sure every airline is in negotiations with their unions about how to handle this situation.
03-21-2020 | 10:43 AM
#6
Line Holder
Joined: Jun 2019
Posts: 1,623
Likes: 188
From: B747 FO
SkyWest accepted a reduced monthly guarantee in exchange for a 50 hour paid leave program and a suspension of the reliability requirements for a very broad range of COVID-19 related issues, among a few other things. I'm sure every airline is in negotiations with their unions about how to handle this situation.
I mean, if it comes to this or furloughed, then sure, it's awesome
03-21-2020 | 11:44 AM
#7
Thread Starter
Gets Weekends Off
Joined: Dec 2013
Posts: 1,602
Likes: 0
Mesa moves our bid period back with nothing in exchange, pay protection would have been nice. Mesa is very relaxed on sick calls so at this point no need for extra protection on occurrences.
03-21-2020 | 05:38 PM
#9
Gets Weekends Off
Joined: Dec 2016
Posts: 180
Likes: 0
I'm pretty thrilled with it so far. Get paid 50 hours instead of getting furloughed? Money has to come in to go out though, so I'm very interested to see what the final numbers from DAL and AAL are.
03-21-2020 | 05:41 PM
#10
Line Holder
Joined: Oct 2019
Posts: 1,323
Likes: 1
Yes, that is the best deal out there right now out of all the Regionals. 50 hours to sit home all month? Where do I sign up? And they are the ones without a Union, go figure?
Thread
Thread Starter
Forum
Replies
Last Post
