Boeing Pays SWA for Grounded MAX Aircraft
08-12-2020, 03:44 PM
#11
Gets Weekends Off
Joined APC: Oct 2006
Posts: 2,843
Originally Posted by ZapBrannigan
Bob basically said as much during the town hall today when he was asked about additional VSPs. "Very soon we will have to make some hard decisions"
(Barring CARES2)
And the Network guy said that after they whacked the September schedule we are over staffed by about 1500 pilots.
Bob said he hoped people would consider taking a one month ETO, or an ETO every other month or two - whatever we can afford. They'll offer ETOs every month through the end of the year.
I'm going to take one in Oct I think, and maybe Dec. Anything I can do to try and help us weather the storm.
Sent from my iPhone using Tapatalk
(Barring CARES2)
And the Network guy said that after they whacked the September schedule we are over staffed by about 1500 pilots.
Bob said he hoped people would consider taking a one month ETO, or an ETO every other month or two - whatever we can afford. They'll offer ETOs every month through the end of the year.
I'm going to take one in Oct I think, and maybe Dec. Anything I can do to try and help us weather the storm.
Sent from my iPhone using Tapatalk
I finally got 1 yr worth of bills in the savings acct. Only car payment should be paid off next month. I’m gonna keep squirreling away money and try to get 18 mos saved up before I think about taking any leave.
08-13-2020, 01:44 AM
#13
Furloughed Again?!
Joined APC: Aug 2007
Position: Boeing 737
Posts: 4,795
Originally Posted by flyguy81
I finally got 1 yr worth of bills in the savings acct. Only car payment should be paid off next month. I’m gonna keep squirreling away money and try to get 18 mos saved up before I think about taking any leave.
Smart man! That's what we did. No debt other than the mortgage. Plenty of money in the bank especially if we add furlough pay and vacation cash out. Now we have some breathing room for whatever they decide to do in 2021.
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08-13-2020, 05:34 AM
#14
Gets Weekends Off
Joined APC: Oct 2006
Posts: 2,843
Originally Posted by ZapBrannigan
Smart man! That's what we did. No debt other than the mortgage. Plenty of money in the bank especially if we add furlough pay and vacation cash out. Now we have some breathing room for whatever they decide to do in 2021.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
08-13-2020, 06:30 AM
#15
Furloughed Again?!
Joined APC: Aug 2007
Position: Boeing 737
Posts: 4,795
Boeing Pays SWA for Grounded MAX Aircraft
Originally Posted by flyguy81
I hadn’t factored in furlough or vacation pay....I finally get the 3rd week when we bid this year too.
It's worth looking at. That's 3.5 months furlough pay (at 92TFP) for me, plus another 3 weeks of vacation at around 26 TFP each. So that's an extra $60,000 parting gift (plus $10,000 contribution to the 401K) if it should come to that.
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08-13-2020, 07:09 AM
#16
Gets Weekends Off
Joined APC: Oct 2013
Position: The right seat
Posts: 257
Originally Posted by WHACKMASTER
If things don’t improve by next spring there’s no way in hell SWA is not furloughing.
Considering all the above, plus the 630 VSP takers, all the 1 year (or more) EXTO takers that won't be flying next summer, the summer ETO takers, the probability of CARES 2.0 that bails the airlines out again, the probability of a vaccine next year (if not sooner), and a summer 2021 that will likely be far busier than this one, and I just don't see how it would make sense to furlough next spring right before the busy summer season.
If for some reason this time next year we are still seeing massive parts of our economy still shut down, then I believe we have way more to worry about that just a furlough.
Just my $.02
08-13-2020, 07:14 AM
#17
Swimmin' in da pool
Joined APC: Jan 2014
Posts: 444
Originally Posted by TheBlueBaron
Gary says we've got what, 24 months of liquidity (assuming no improvement in revenue). We've applied for a government loan to increase that further if needed. Gary says no furloughs or pay/benefit cuts at least through the end of 2020. He also said the next step would be coming to the unions for concessions prior to furlough.
Considering all the above, plus the 630 VSP takers, all the 1 year (or more) EXTO takers that won't be flying next summer, the summer ETO takers, the probability of CARES 2.0 that bails the airlines out again, the probability of a vaccine next year (if not sooner), and a summer 2021 that will likely be far busier than this one, and I just don't see how it would make sense to furlough next spring right before the busy summer season.
If for some reason this time next year we are still seeing massive parts of our economy still shut down, then I believe we have way more to worry about that just a furlough.
Just my $.02
Considering all the above, plus the 630 VSP takers, all the 1 year (or more) EXTO takers that won't be flying next summer, the summer ETO takers, the probability of CARES 2.0 that bails the airlines out again, the probability of a vaccine next year (if not sooner), and a summer 2021 that will likely be far busier than this one, and I just don't see how it would make sense to furlough next spring right before the busy summer season.
If for some reason this time next year we are still seeing massive parts of our economy still shut down, then I believe we have way more to worry about that just a furlough.
Just my $.02
08-13-2020, 11:57 AM
#18
Gets Weekends Off
Joined APC: Oct 2006
Posts: 2,843
Originally Posted by ZapBrannigan
It's worth looking at. That's 3.5 months furlough pay (at 92TFP) for me, plus another 3 weeks of vacation at around 26 TFP each. So that's an extra $60,000 parting gift (plus $10,000 contribution to the 401K) if it should come to that.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
08-13-2020, 03:47 PM
#19
At your mom's house
Joined APC: Jun 2008
Position: cpt 737
Posts: 2,655
Originally Posted by ZapBrannigan
Bob basically said as much during the town hall today when he was asked about additional VSPs. "Very soon we will have to make some hard decisions"
(Barring CARES2)
And the Network guy said that after they whacked the September schedule we are over staffed by about 1500 pilots.
Bob said he hoped people would consider taking a one month ETO, or an ETO every other month or two - whatever we can afford. They'll offer ETOs every month through the end of the year.
I'm going to take one in Oct I think, and maybe Dec. Anything I can do to try and help us weather the storm.
Sent from my iPhone using Tapatalk
(Barring CARES2)
And the Network guy said that after they whacked the September schedule we are over staffed by about 1500 pilots.
Bob said he hoped people would consider taking a one month ETO, or an ETO every other month or two - whatever we can afford. They'll offer ETOs every month through the end of the year.
I'm going to take one in Oct I think, and maybe Dec. Anything I can do to try and help us weather the storm.
Sent from my iPhone using Tapatalk
08-14-2020, 12:57 AM
#20
Strike averted!
Joined APC: Mar 2015
Position: B737
Posts: 3,638
Originally Posted by ZapBrannigan
It's worth looking at. That's 3.5 months furlough pay (at 92TFP) for me, plus another 3 weeks of vacation at around 26 TFP each. So that's an extra $60,000 parting gift (plus $10,000 contribution to the 401K) if it should come to that.
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
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