Attrition to Majors/Mainline
#81
Line Holder
Joined APC: Oct 2019
Posts: 38
The Union will be sending out a update tonight, but I’ve heard a reduction of over 25 percent. If this is the case, then we will certainly see VLOAs, and very possibly furloughs, and downgrades. I don’t believe they will have to give WARN notices either, because this is now a national emergency.
The good news is this will probably be over by June, so hopefully things return to normal for the summer flying.
The good news is this will probably be over by June, so hopefully things return to normal for the summer flying.
#83
Line Holder
Joined APC: Sep 2018
Posts: 95
#85
Gets Weekends Off
Joined APC: Apr 2018
Position: Non-standard Phraseology Curator
Posts: 297
The peak might be over, but you need to put down the peace pipe if you think the effects of this will just magically disappear by June. This year is toast. We can only hope for a pickup by the holidays and that it sustains through next year.
#86
Line Holder
Joined APC: Oct 2019
Posts: 38
By June it will certainly have peaked in the US, but public confidence will take time. Could be late summer or even next spring. I suspect we will see furloughs similar to 9/11, but for less then a year. If we slide into a recession because of this, then who knows.....
#87
Line Holder
Joined APC: Nov 2019
Posts: 75
Recession would not be as nearly as detrimental as what we saw in the financial crisis and crash. This market activity is 100% based on fear and not financials. But, if it continues, and company earnings are demolished from people staying home, then we get to financial crisis territory and long term damage to the markets will happen because of financials and earnings. We’re still not to that point yet.
None of it matters, however, unless the public starts flying again. So, it really is a waiting game and minimizing damage at this point.
Thread
Thread Starter
Forum
Replies
Last Post