When are the furloughs?
03-24-2020, 12:13 PM
#31
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Joined APC: Dec 2019
Posts: 1,327
Originally Posted by GA2Jets
I can't wrap my head around this: other than limitations from scope, why would the majors not max out their small aircraft flying? The more you fill up a plane the better right? So since demand is lowered, wouldn't you want to reduce seats on a route by using smaller aircraft? Not to mention cheaper labor...
03-24-2020, 12:19 PM
#32
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Joined APC: Jun 2019
Position: B747 FO
Posts: 1,110
Originally Posted by domino
The majors are waiting to see what the stimulus package holds for them. If they get something, they will also probably ask for
concessions from the workforce to get them through until at least end of August. By then they will have an understanding of how quickly
things are likely to bounce back, depending on things like if the virus is still spreading, how deep of a depression the country is in and how many
people are out of work. Then they will decide how many they will have to furlough to make it through the next few years of a downturn.
Reginals on the other hand aren’t getting much if anything and that is why you can expect to see high numbers of furloughs in the coming weeks. Then as demand starts to return next year, recalls will likely happen beginning of the year.
concessions from the workforce to get them through until at least end of August. By then they will have an understanding of how quickly
things are likely to bounce back, depending on things like if the virus is still spreading, how deep of a depression the country is in and how many
people are out of work. Then they will decide how many they will have to furlough to make it through the next few years of a downturn.
Reginals on the other hand aren’t getting much if anything and that is why you can expect to see high numbers of furloughs in the coming weeks. Then as demand starts to return next year, recalls will likely happen beginning of the year.
03-24-2020, 12:26 PM
#33
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Joined APC: Dec 2019
Posts: 407
Originally Posted by uboatdriver
I’m guessing fixed vs variable costs. Until you furlough, everything but fuel and per cycle (landing fees and some mx) costs are fixed. They don’t get to quit paying the lease or salaries, so might as well fly anyway with as cheap as gas is right now.
Its also likely that a mainline furlough, while eventually saving way more money, has much higher short term costs with all the training events generated by both the furlough and the eventual re-hire. Single fleet airline would be much cheaper to furlough short term, especially if PICs are right seat qualified.
Its also likely that a mainline furlough, while eventually saving way more money, has much higher short term costs with all the training events generated by both the furlough and the eventual re-hire. Single fleet airline would be much cheaper to furlough short term, especially if PICs are right seat qualified.
03-24-2020, 12:51 PM
#34
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Joined APC: May 2017
Position: Guppy
Posts: 761
Originally Posted by domino
Reginals on the other hand aren’t getting much if anything and that is why you can expect to see high numbers of furloughs in the coming weeks. Then as demand starts to return next year, recalls will likely happen beginning of the year.
The issue was the initial Senate package which, in short, only provided for secured loans. Secured loans require assets as collateral, which most regionals, save Skywest and Republic, don't have in sufficient quantities to obtain a loan.
Luckily, it seems the Senate has moved more toward the House's bill, which will provide relief for the regionals, too.
I'm not saying furloughs will or won't happen en masse, but I think in times like these it's important to make sure accurate information is out there.
03-24-2020, 12:59 PM
#36
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Joined APC: Feb 2019
Posts: 327
Originally Posted by 2StgTurbine
Vaccines take 12-18 months to make IF everything goes perfectly,
03-24-2020, 01:16 PM
#38
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Posts: 327
Originally Posted by Longhornmaniac8
This is both unfounded and quite probably untrue. The latest deals to be discussed on Capitol Hill include grant money for payroll and/or unrestricted loans, both of which would help the regionals.
The issue was the initial Senate package which, in short, only provided for secured loans. Secured loans require assets as collateral, which most regionals, save Skywest and Republic, don't have in sufficient quantities to obtain a loan.
Luckily, it seems the Senate has moved more toward the House's bill, which will provide relief for the regionals, too.
I'm not saying furloughs will or won't happen en masse, but I think in times like these it's important to make sure accurate information is out there.
The issue was the initial Senate package which, in short, only provided for secured loans. Secured loans require assets as collateral, which most regionals, save Skywest and Republic, don't have in sufficient quantities to obtain a loan.
Luckily, it seems the Senate has moved more toward the House's bill, which will provide relief for the regionals, too.
I'm not saying furloughs will or won't happen en masse, but I think in times like these it's important to make sure accurate information is out there.
03-24-2020, 01:36 PM
#39
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Joined APC: Mar 2017
Posts: 3,657
Originally Posted by Burt123
Reduction/consolidation of ALL carriers in the future is inevitable and as a result furloughs are also inevitable. If you think government aid, whether it’s grants or whatever the new fancy terms they’re calling it these days will save employers from furloughing you need to take the blinders off. Situational awareness right? Customers fund our paycheck and they will not be buying tickets when they can’t afford to put food on their families table in an economic depression. But wait! Everyone was promised 3000 for the next 3 months to save them right? Good joke to the average American lifestyle....... The moral of the story is if you’re fairly junior on your list I would start looking at plan B, C or D for your future income. This is accurate information.
03-24-2020, 01:46 PM
#40
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Joined APC: Jun 2019
Position: B747 FO
Posts: 1,110
no certainty, that's how. whoever claims knowing exactly what going to happen short or long term, then that person is just being arrogant. we can have a guess, or strong opinions due to our past experiences, but that is about it.
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