Why so much cash?
05-05-2020 | 03:14 PM
#51
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Joined: Jan 2016
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That is incorrect. Only thing over the cap is you trump a Lance. KTC
Taken from the contract
11. The Open Time CAP:
a. Seniority for awards in MOT, DOT/POT, and HOT/POT and SNOT will be subordinated when a pilot's projected bid period TFP exceeds one hundred eighteen percent (118%) of the domicile bid line average. This is referred to as the CAP.
For example, when a one hundred fifteen (115) TFP CAP is in effect, a pilot who has one hundred fourteen (114) TFP actual or projected may exercise his seniority for one (1) additional Open Time award. This award may be any number of TFP. A pilot who has exceeded the CAP will still be able to bid Open Time, but his seniority will be subordinated to those who have not exceeded the CAP. Seniority will prevail among those who are over the CAP in the event the additional flying is not picked up by pilots under the CAP.
Section 6: Additional Flying
For example, when a one hundred fifteen (115) TFP CAP is in effect, a pilot who has one hundred fourteen (114) TFP actual or projected may exercise his seniority for one (1) additional Open Time award. This award may be any number of TFP. A pilot who has exceeded the CAP will still be able to bid Open Time, but his seniority will be subordinated to those who have not exceeded the CAP. Seniority will prevail among those who are over the CAP in the event the additional flying is not picked up by pilots under the CAP.
Last edited by Mozam; 05-05-2020 at 03:27 PM.
05-05-2020 | 03:46 PM
#53
Gets Weekends Off
Joined: Jun 2017
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Order of Open Time Award:
- Additional Captain flying will be awarded in the following order. For this section, the term “legal” is to include the limitations set forth in Section 5.D.2.l and currency and qualifications required in Section 6.B.2.g for ETOPS and Near International stations requiring Supervised Airport Qualifications at the time of the legality check in the Crew Management System. A pairing will not be removed once it is placed on the pilot’s line, if an updated time causes a violation of Section 5.D.2.l.
- Captain in domicile, legal, available, under the CAP.
- Captain in domicile, legal, available, over the CAP.
- Captain out of domicile, legal, available, under the CAP.
- Captain out of domicile, legal, available, over the CAP.
- Designated Lance Captain in domicile, legal, available, under the CAP.
- Designated Lance Captain in domicile, legal, available, over the CAP.
- Designated Lance Captain out of domicile, legal, available, under the CAP.
- Designated Lance Captain out of domicile, legal, available, over the CAP.
- For POT and SNOT-Premium only, Captain in domicile legal, available, under the CAP on designated non-fly events.
- For POT and SNOT-Premium only, Captain in domicile legal, available, over the CAP on designated non-fly events.
- For POT and SNOT-Premium only, Captain out of domicile, legal, available, under the CAP on designated non-fly events.
- For POT and SNOT-Premium only, Captain out of domicile, legal, available, over the CAP on designated non-fly events.
- For POT and SNOT-Premium only, designated Lance Captain in domicile legal, available, under the CAP on designated non-fly events.
- For POT and SNOT-Premium only, designated Lance Captain in domicile legal, available, over the CAP on designated non-fly events.
- For POT and SNOT-Premium only, designated Lance Captain out of domicile legal, available, under the CAP on designated non-fly events.
- For POT and SNOT-Premium only, designated Lance Captain out of domicile legal, available, over the CAP on designated non-fly events.
05-05-2020 | 03:54 PM
#55
Banned
Joined: Dec 2019
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In the analysis I've seen Southwest has the best cash to cash burn ratio of any carrier, and it's not even close. My question is; was this because management actually planned for periodic downturns or because the 737 max didn't come and all that cash was going to buy those and bring them online?
So they do not go bankrupt and lose all their investors money. Another way to say that would be "good management". Thats the real answer. SWA is a fantastically ran airline, and they always impress me.
05-06-2020 | 06:37 AM
#56
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Joined: Dec 2009
Posts: 3,655
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From: Narrow/Left Wide/Right
great at least now we know who lobbies for all the “swag” benefits over increased profit sharing. They have hats, Tshirts, scarves......
05-06-2020 | 07:28 AM
#58
Gets Weekend Reserve
Joined: Jul 2007
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From: B737CA
05-06-2020 | 08:25 AM
#59
Gets Weekends Off
Joined: Apr 2013
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05-06-2020 | 08:39 AM
#60
Line Holder
Joined: Jan 2016
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