If passed no furloughs until 30 Sept - Page 2 - Airline Pilot Central Forums

#11

305808 , 03-25-2020 11:29 PM

Gets Weekends Off

Quote:

Originally Posted by ZR29907

I'll see you all on OCT 1st my friends.... This post will age well.

¿¿meaning??

#12

SilentLurker , 03-25-2020 11:32 PM

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If passed no furloughs until 30 Sept

Goodbye free market!

#13

sailingfun , 03-26-2020 02:39 AM

Gets Weekends Off

Quote:

Originally Posted by busdriver12

I’m sure there are far more expenses and losses than just payroll. Plus they have to give the government equity and abide by other restrictions. I’m not certain the airlines will accept this, I wouldn’t put it past them to just furlough, and declare bankruptcy when they need to.

I am merely asking the question of what people think they will do. I have no idea.🙁

If you file bankruptcy and you don’t have a revenue stream that allows you to meet your operating expenses the term used is liquidation.

#14

popcopy , 03-26-2020 11:45 AM

Banned

Quote:

Originally Posted by 305808

¿¿meaning??

Furloughs start October 1st.

Start saving your money now. It's gonna be a LONG furlough for many of us. Worse than 9/11. Some of us are looking at 5-10 year furloughs probably.

#15

Saabs , 03-26-2020 11:50 AM

Gets Weekends Off

Quote:

Originally Posted by popcopy

Furloughs start October 1st.

Start saving your money now. It's gonna be a LONG furlough for many of us. Worse than 9/11. Some of us are looking at 5-10 year furloughs probably.

AA would have pretty much no pilots in 10 years. Hard pass on your prediction.

#16

Aero1900 , 03-26-2020 03:26 PM

Gets Weekends Off

10 years from now we will have gone thru another entire economic cycle.

Do you have a doomsday shelter?

#17

fcoolaiddrinker , 03-26-2020 04:27 PM

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Amr had decade plus furloughs after sept 11. Age 65, fuel and recession didn’t help. But yes hard to see that happening again.

#18

Nucflash , 03-26-2020 04:50 PM

Orbis Non Sufficit

Quote:

Originally Posted by fcoolaiddrinker

Amr had decade plus furloughs after sept 11. Age 65, fuel and recession didn’t help. But yes hard to see that happening again.

Not only did age 65 “not help”, it was absolutely KEY to dragging out the furloughs of the 2000s. If there’s one thing we DO know amongst this mess, it is that at least X number of pilots will leave the property every year on a predictable schedule.

#19

Gone Flying , 03-26-2020 05:03 PM

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Quote:

Originally Posted by fcoolaiddrinker

Amr had decade plus furloughs after sept 11. Age 65, fuel and recession didn’t help. But yes hard to see that happening again.

and that entire time (2001-2012) AA only retired like 3000 pilots...that many retire in the next 4 years from AA and next 5 from DL.

in 10 years there will be about 8000 pilots at DL and 6000ish at AA who are currently on their respective senority lists

#20

fcoolaiddrinker , 03-26-2020 05:11 PM

Gets Weekends Off

I can see a ton of 60 plus guys just hanging it up. Especially with some of the deals I’ve seen. I wouldn’t want to go through the last few years of my career in this environment. Personally I’m planning on 60 but it really depends on what it looks like at that time. If it looks like this I’m out.