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Originally Posted by JetBlast77
The current environment is unprecedented. We are flying 20% of our schedule and the company had a 6 month heads up to start the bids/retraining. They could easily furlough 3000+ in October and not blink an eye. I still don’t understand why people compare this to past furloughs. 9/11 was a sudden unexpected event that they had to react to immediately, while still flying a 50-60%+ schedule. Apples to oranges compared to now. The CARES act provided them a heads up to do this as quickly and efficiently as possible.
totally understandable to be on the skeptical side. However, I think one of the main differences is the uncertainty around the recovery. Some metrics are already back up to 100%, while others are lagging terribly. It is very hard to say what the economy will look like a year from now. I personally think this is what’s driving uncertainty for the company’s staffing projections.
2001 not only saw the terrorist attacks, but a fairly large bursting of the tech bubble, which put us in a recession. 2008 saw one of the biggest drops of the stock market in a century. I am not bullish per se, but while not likely, I don’t think a quick recovery is totally out of the question.