COVID-19 Concessions
03-21-2020, 07:19 AM
#2
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,190
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 APC: Apr 2018
Posts: 2,522
Originally Posted by NovemberBravo
Just wanted to see if airlines have started coming to the pilot groups for concessions of any kind.
Remember, it's a negotiation.
03-21-2020, 09:11 AM
#4
Gets Weekends Off
Thread Starter
Joined APC: Dec 2013
Posts: 1,602
Originally Posted by rickair7777
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 APC: Dec 2016
Posts: 180
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
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Joined APC: Jun 2019
Position: B747 FO
Posts: 1,105
Originally Posted by Flymeaway
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
Gets Weekends Off
Thread Starter
Joined APC: Dec 2013
Posts: 1,602
Originally Posted by ninerdriver
9E wanted a delayed bid for April. In return, we got pay/occurrence protection for many COVID-19 related absences.
Remember, it's a negotiation.
Remember, it's a negotiation.
03-21-2020, 05:38 PM
#9
Gets Weekends Off
Joined APC: Dec 2016
Posts: 180
Originally Posted by CRJJ
I'm new to the industry and can't obviously tell if we got a good deal or not . What's your opinion?
I mean, if it comes to this or furloughed, then sure, it's awesome
I mean, if it comes to this or furloughed, then sure, it's awesome
03-21-2020, 05:41 PM
#10
Gets Weekends Off
Joined APC: Oct 2019
Posts: 1,280
Originally Posted by CRJJ
I'm new to the industry and can't obviously tell if we got a good deal or not . What's your opinion?
I mean, if it comes to this or furloughed, then sure, it's awesome
I mean, if it comes to this or furloughed, then sure, it's awesome
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