corvid19 furloughed
#21
Gets Weekends Off
Joined APC: May 2009
Posts: 2,035
come end of September, massive layoff will begin for all airlines across the board. Already AA, DL, UA have told their employees to get their affairs in order. Many of us that been around seen this before, but never to this large scale. Usually the turn around point is a decade, lets see if that holds true. Economic events is among the leading factor as to why, there is a shortage, that and pay. The majors are going to be furloughing people, and until they don't call everyone back, they won't be hiring new pilots. Delta said they are permanently grouding 300 airplanes. If they don't get enough people to volunteer and retire, which they never do, they will furlough pilots. That's going to be roughly 750 of the most junior guys. AA,UA, jetblue, spirit, SW are in the same boat.
There is a little slither of a light, cargo, and 135. But you best hurry,, because they will be getting full quick.
There is a little slither of a light, cargo, and 135. But you best hurry,, because they will be getting full quick.
FIRE !!!!!
FIRE !!!!
Run for your lives!!!!!!!
#22
Gets Weekends Off
Joined APC: Oct 2018
Posts: 564
Yes hysteria isn't helping.
But reality as I see it: There is no way the big three will avoid furloughs. 15-20% best case, and it could get much uglier if bookings don't start rolling in by late summer. We'll see it coming... bookings will tell the story, pax don't book holiday season travel in Nov.
As somebody said, it's definitely likely that one or more majors airlines will file BK, almost assured some will merge. It's possible but less likely one or more will liquidate... less likely because the fed cannot let the big four fail, so if they save one or more of those, they'd kind of have to at least try to save the others.
But reality as I see it: There is no way the big three will avoid furloughs. 15-20% best case, and it could get much uglier if bookings don't start rolling in by late summer. We'll see it coming... bookings will tell the story, pax don't book holiday season travel in Nov.
As somebody said, it's definitely likely that one or more majors airlines will file BK, almost assured some will merge. It's possible but less likely one or more will liquidate... less likely because the fed cannot let the big four fail, so if they save one or more of those, they'd kind of have to at least try to save the others.
I'll agree with all that..
I'll throw in a purchase of a legacy/major by a venture capitalist group buying one of the big three with funding secured from Asia. Especially if share prices continue to erode. Airline and assets at bargain prices, just need deep pockets to float the business till demand builds.
#23
I'll agree with all that..
I'll throw in a purchase of a legacy/major by a venture capitalist group buying one of the big three with funding secured from Asia. Especially if share prices continue to erode. Airline and assets at bargain prices, just need deep pockets to float the business till demand builds.
I'll throw in a purchase of a legacy/major by a venture capitalist group buying one of the big three with funding secured from Asia. Especially if share prices continue to erode. Airline and assets at bargain prices, just need deep pockets to float the business till demand builds.
#24
Gets Weekends Off
Joined APC: Oct 2018
Posts: 564
True.. i worked for a company bought by a Chicago based venture capitalist group.. the money all came from Australia and Singapore, but the VC was a usa based company. Slid right through the fed.. this was not an airline though.
#25
Most US industrial sectors do not have foriegn ownership limits. North Korea could own a canned tomato soup factory in Kansas City lock, stock, and barrel. Airlines are limited to 25% foreign ownership (as Sir Richard famously learned).
#26
Gets Weekends Off
Joined APC: Sep 2016
Posts: 774
AA debt balance is higher, not more than others combined, but they're servicing its low interest easier. United has lower overall debt, but is closer to some notes or principle due. AA is still a couple of years away from major principle payments being due. United is issueing new stock to cover some of its principle coming due.
Kinda of a race right now United is not in as deep, but being called sooner.
Kinda of a race right now United is not in as deep, but being called sooner.
#28
Banned
Joined APC: May 2020
Posts: 9
#29
On Reserve
Joined APC: Aug 2019
Posts: 10
Bobrovsky
lol get out here bro
Last edited by fmsfondler; 05-03-2020 at 08:25 AM. Reason: Math
#30
Gets Weekends Off
Joined APC: Mar 2017
Posts: 3,649
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