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Originally Posted by Excargodog
(Post 3188441)
A nothing burger? Hardly that. It isn’t just the pilots who admittedly it’s often cheaper to keep around and keep current than to incur training costs, it’s the whole business. International flying is in the cr@pper and UA is affected by that as much as anyone. That ripples down. Do you seriously think that UA isn’t being hurt by having billions of dollars worth of wide bodies parked in the desert? Have you ever run a business? I mean even a lemonade stand? Because you clearly don’t understand the effect of that. Most of the big capital expenditures UA makes are financed through bond sales. A bond sale is essentially renting money. The last bond sale UA did they were expecting to pay 11% per year to rent that money:
https://www.bloomberg.com/news/artic...lion-junk-bond and they couldn’t get enough takers to make it work: https://www.bnnbloomberg.ca/united-a...ints-1.1433725 the problem is they have a LOT of bonds maturing from previous years - bonds they sold at 3.5-4%. They don’t have the money to pay off those bonds, they’ll have to refinance them. So their debt service will climb substantially, those parked 787s costing them more and more until international flying resumes. Even if they don’t furlough a single pilot you better believe it affects UAEX, and the career prospects for every UAEX employee. It was a nothing burger as far a news. Everyone was told it was a temporary recall and when the money ran out they would be furloughed. Next never assume anything. I don’t need to throw my educational background and previous career experience around like you do. Besides what do you know about aviation. Weren’t you just a regional pilot and a back seater. Not even a real pilot 🤣 |
Originally Posted by flynd94
(Post 3188492)
It was a nothing burger as far a news. Everyone was told it was a temporary recall and when the money ran out they would be furloughed.
Ah, but the thread title is ‘the future of United Express.’ Do you assume the economic health of UA is irrelevant to that? The pilots eventually are all going to find jobs, but how quickly they do that and where they find jobs and how viable things like Aviate are is strongly dependent upon the business success of UA. Do you truly believe that UA having a loss of $7.1 Billion, a loss only exceeded by them back in 2005 when they went into bankruptcy is “a nothing burger”? That it won’t affect UA and all of UAEX? More fool you then. |
Originally Posted by Gone Flying
(Post 3188425)
I thought the no furlough portion expires in June
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What do you think PSA is seeing in their future that would make them not only want to recall, but work on hiring? Seems like American Eagle would be just as hurt as UAX. Any thoughts?
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Originally Posted by GA2Jets
(Post 3190622)
What do you think PSA is seeing in their future that would make them not only want to recall, but work on hiring? Seems like American Eagle would be just as hurt as UAX. Any thoughts?
https://i.ibb.co/2qVfRkb/94-F4-B68-C...6307-B2854.jpg The bottom line is they won’t be hiring at mainline for quite awhile and they are currently fighting against Frontier, Spirit, United, and SWA to not lose gates and slots at some of their hubs. And some carriers have already pledged these ‘use it or lose it’ slots and gates which they don’t really even own for loans. https://thepointsguy.com/news/airlin...laguardia-jfk/ https://simpleflying.com/jetblue-ple...ts-for-a-loan/ https://www.jdsupra.com/legalnews/un...stry-an-44275/ No way are they going to make the utilization requirements to hold onto those slots with mainline aircraft - not once the current COVID induced waiver expires - so they are depending on regional feed to keep those gates active enough to keep them. The problem is the ULCCs are starting to hire and AA mainline won’t be hiring for a long time - and chapter 11 bankruptcy is a real possibility. So the WO ‘flow’, which was once an inducement is much less so now. AAG needs to keep their WO regionals staffed in the face of declining opportunities at AA mainline and ULCCs that have already started hiring. I think they are just trying to steal a lead on the regional hiring. It isn’t like first year FOs at PSA cost much. Not compared to the third year AA furloughees they can then avoid recalling. AA is in serious trouble. If it gets through this without bankruptcy it’ll be lucky. So it’s looking at the big picture - and trying desperately not to give up any slots or gates in crowded hubs. |
Originally Posted by Swakid8
(Post 3187952)
I agree lol. I get a kick out of it. I still waiting for Obama to take our guns too.
Right? Then there’s Christmas! Phew...dodged a bullet there. |
Originally Posted by GA2Jets
(Post 3188419)
Uh huh...so was private industry was scared to brew beer after prohibition bc it might get banned again? Private industry won't do things that don't make money, if it's cheaper for them to throw them out, that's what they do unless told otherwise. Most of the time anyway.
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So what will happen to that westwind school that United purchased?
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Originally Posted by Air Guitar
(Post 3192437)
So what will happen to that westwind school that United purchased?
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Originally Posted by kevin18
(Post 3192571)
its still going and they’re rebranding the name to something like the United aviate academy.
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