Quote:
Originally Posted by AxlF16
The TA VOTE is in the past. The LOA is a FACT today, so let's just deal with it. If, for some reason, there must be an ongoing argument about the benefits or value of the LOA, please raise the analysis to at least a high school level of critical thought. To be balanced, it would also be a good idea to include how the LOA has harmed the pilot group. (Spoiler alert. It hasn't).
Woah there, I think you’re greatly misstating my claim. I never said the LOA
harmed the pilot group, I just said it hasn’t significantly
helped us. It’s mostly sat dormant while we got paid with bailout money. I’m fine with that. But to say we’re hiring because the LOA gave UAL the predictability to be able to plan for the future I think is off. We lost $1.4B last quarter and we’re currently at 50% pilot block hours from 2019. Think about that- LOA or no, does anyone honestly believe we would be hiring under those circumstances
without the financial cushion that billions in government funding has provided? Not a chance.
On the other hand, UAL has committed to waiving the LOA credit reductions while they hire- proof that they don’t actually need them. IOW, take away the LOA, and hiring still happens. Take away bailout $$$ and hiring is DOA.
I’ve said before I’ll make my final judgement on the LOA’s benefit to the pilot group once it’s closed for good, but at this point, it’s looking like a neutral to slightly net positive scenario. But crediting it with our current hiring is like crediting urinating in the ocean with rising sea temperatures. CARES did the heavy lifting here, not the LOA.