PSA Announces 35% of Pilots Furloughed Oct. 1 - Page 3

#21

Propeller , 08-31-2020 01:22 PM

Crewroom Couch Warmer

Quote:

Originally Posted by dera

It was just to correct the claim of 3000 furloughs at WOs.
The pilot furloughs have already been announced last week.

By last week do you mean the LTLOA 261 number?

#22

jake cutter , 08-31-2020 01:38 PM

Gets Weekends Off

PSA Announces 35% of Pilots Furloughed Oct. 1

Quote:

Originally Posted by dera

You didn't read the email that was sent Aug26?

Yeah but that was vague. Estimated furloughs, still working to mitigate, etc. Meanwhile a whole bunch of junior FO’s got a personal call from RW last week. Although I guess there’s not a whole lot more to say now. The axe is dropping.

#23

Sasquatched , 08-31-2020 01:54 PM

Line Holder

228 furloughs at Envoy.

#24

dera , 08-31-2020 02:15 PM

In a land of unicorns

Quote:

Originally Posted by jake cutter

There will be mitigation attempts until midnight September the 30th. Right now the number is 228. Hope it will be a few less October 1st.

#25

Cyio , 08-31-2020 02:29 PM

Gets Weekends Off

Quote:

Originally Posted by dera

There will be mitigation attempts until midnight September the 30th. Right now the number is 228. Hope it will be a few less October 1st.

Yeah it seems management is digging in on this. While I appreciate your efforts, I dont think any results will come from it. Had they been interested, they would have looked at all the ideas the MEC offered over the last couple of months. Unless they have come up with something new recently, I think it is what it is, unfortunately.

#26

jake cutter , 08-31-2020 03:38 PM

Gets Weekends Off

Quote:

Originally Posted by dera

There will be mitigation attempts until midnight September the 30th. Right now the number is 228. Hope it will be a few less October 1st.

Right on ...

#27

highfarfast , 08-31-2020 06:21 PM

Gets Weekends Off

Quote:

Originally Posted by Cyio

And the email from RW actually stated that will be 228 short of a cares act 2.0 extension with furlough protection. Maybe the wording wasn't meant to be so ridged but it read to me like they aren't looking at mitigation any longer.

#28

deraa , 08-31-2020 06:39 PM

Gets Weekends Off

Quote:

Originally Posted by jake cutter

did he call CW as well?

#29

SilentLurker , 09-01-2020 07:02 AM

Gets Weekends Off

PSA Announces 35% of Pilots Furloughed Oct. 1

Quote:

Originally Posted by uavking

No one here cares about anyone besides pilots in this context. The rest of the company is not our lane.

Unless your an office leadership, or Mgmt type character... then you give a damn

#30

SilentLurker , 09-01-2020 07:07 AM

Gets Weekends Off

PSA Announces 35% of Pilots Furloughed Oct. 1

Quote:

Originally Posted by chrisreedrules

The WOs will shrink. PSA may even shrink further depending on demand and outlook going into 2021.

All 3 legacies are barreling straight towards bankruptcy. The WOs are hopefully safe until that time but in bankruptcy we will likely be for sale just like everything else. Planes or hopefully planes and pilots.

I say that because a business can’t go into bankruptcy penniless. They need operating capital to see it through and cover expenses while they work on a restructuring plan. The thing about this that is unknown right now is obviously Covid-19 and our recovery. If they go into bankruptcy and it doesn’t look like there will be a meaningful path to recovery and profitability on the backside of bankruptcy they won’t likely be able to secure further financing. And they’ll need to maximize capital to make it as far as they can in bankruptcy until we do see that recovery.

Uncharted territory boys and girls. For all of the legacies. No one knows quite how this is going to play out but the industry will again, be forever changed.

I’ve always appreciated and valued your insight.

Thank your fellow cohort’s at PSA for standing strong!