Cost Reductions Update
11-09-2020 | 06:25 PM
#1
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Gets Weekends Off
Joined: Feb 2018
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Cost Reductions Update
Are you kidding me?
Today, it’s announced that:
1) the company is in advanced negotiations for 30 MAX jets,
2) Pfizer’s new COVID vaccine is 90% effective and could “fundamentally change the direction of this crisis” by March, according to Dr Bruce Aylward, the WHO’s senior advisor,
3) the company has proposed a new agreement that consists of the following:
Also, today the airline industry ETF “JETS” rallied 16% and is up more than an additional 2% in after-market trading as investors are signaling renewed enthusiasm for the airline industry’s economic prospects,
In the midst of all of this, the company is rushing to soak us with a regressionary agreement. As many have pointed out, they’re not letting this crisis go to waste. And, as they sense it all coming to an end, they’re hoping we’re stupid enough to lock ourselves into something that will delay for YEARS any gains we are due as the industry reignites in a post-COVID world. We’ll be kicking ourselves for a long, long time after this whole thing is in the rear view mirror if we are dumb enough to approve it.
Even the TSMITR dude OTOF who is widely lambasted as a company apologist thinks the company’s proposal is an overreach given the rapidly improving economic and industry environment.
Today, it’s announced that:
1) the company is in advanced negotiations for 30 MAX jets,
2) Pfizer’s new COVID vaccine is 90% effective and could “fundamentally change the direction of this crisis” by March, according to Dr Bruce Aylward, the WHO’s senior advisor,
3) the company has proposed a new agreement that consists of the following:
- A reduction in guarantee to 80 TFP for all of 2021.
- Delaying the longevity pay rate increase date from September 1, 2020 to January 1, 2023.
- Extend the contract until December 31, 2022 with an early opener available in July 2022.
Also, today the airline industry ETF “JETS” rallied 16% and is up more than an additional 2% in after-market trading as investors are signaling renewed enthusiasm for the airline industry’s economic prospects,
In the midst of all of this, the company is rushing to soak us with a regressionary agreement. As many have pointed out, they’re not letting this crisis go to waste. And, as they sense it all coming to an end, they’re hoping we’re stupid enough to lock ourselves into something that will delay for YEARS any gains we are due as the industry reignites in a post-COVID world. We’ll be kicking ourselves for a long, long time after this whole thing is in the rear view mirror if we are dumb enough to approve it.
Even the TSMITR dude OTOF who is widely lambasted as a company apologist thinks the company’s proposal is an overreach given the rapidly improving economic and industry environment.
11-10-2020 | 05:06 AM
#3
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Joined: Mar 2011
Posts: 1,114
Likes: 38
Are you kidding me?
Today, it’s announced that:
1) the company is in advanced negotiations for 30 MAX jets,
2) Pfizer’s new COVID vaccine is 90% effective and could “fundamentally change the direction of this crisis” by March, according to Dr Bruce Aylward, the WHO’s senior advisor,
3) the company has proposed a new agreement that consists of the following:
Also, today the airline industry ETF “JETS” rallied 16% and is up more than an additional 2% in after-market trading as investors are signaling renewed enthusiasm for the airline industry’s economic prospects,
In the midst of all of this, the company is rushing to soak us with a regressionary agreement. As many have pointed out, they’re not letting this crisis go to waste. And, as they sense it all coming to an end, they’re hoping we’re stupid enough to lock ourselves into something that will delay for YEARS any gains we are due as the industry reignites in a post-COVID world. We’ll be kicking ourselves for a long, long time after this whole thing is in the rear view mirror if we are dumb enough to approve it.
Even the TSMITR dude OTOF who is widely lambasted as a company apologist thinks the company’s proposal is an overreach given the rapidly improving economic and industry environment.
Today, it’s announced that:
1) the company is in advanced negotiations for 30 MAX jets,
2) Pfizer’s new COVID vaccine is 90% effective and could “fundamentally change the direction of this crisis” by March, according to Dr Bruce Aylward, the WHO’s senior advisor,
3) the company has proposed a new agreement that consists of the following:
- A reduction in guarantee to 80 TFP for all of 2021.
- Delaying the longevity pay rate increase date from September 1, 2020 to January 1, 2023.
- Extend the contract until December 31, 2022 with an early opener available in July 2022.
Also, today the airline industry ETF “JETS” rallied 16% and is up more than an additional 2% in after-market trading as investors are signaling renewed enthusiasm for the airline industry’s economic prospects,
In the midst of all of this, the company is rushing to soak us with a regressionary agreement. As many have pointed out, they’re not letting this crisis go to waste. And, as they sense it all coming to an end, they’re hoping we’re stupid enough to lock ourselves into something that will delay for YEARS any gains we are due as the industry reignites in a post-COVID world. We’ll be kicking ourselves for a long, long time after this whole thing is in the rear view mirror if we are dumb enough to approve it.
Even the TSMITR dude OTOF who is widely lambasted as a company apologist thinks the company’s proposal is an overreach given the rapidly improving economic and industry environment.
GFY is all I have to say to that. Oh and also SWAPA SPEAKS FOR ME! Stop wasting our time sending that drivel.
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11-10-2020 | 05:46 AM
#6
Gets Weekends Off
Joined: Jul 2013
Posts: 1,544
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From: 175 CA
Idk what his point is with these emails, you’re just p****** off the group by trying to seen like you’re being reasonable and SWAPA is being so unfair because FM is a non starter...it’s like the company is saying we know it’s a non starter but here’s a worse offer with it still in over and over. SWAPA isn’t being unreasonable, get rid of the FM and then we will take you seriously or just send out the WARN. There’s a reason the company hasn’t sent out WARN notices yet to the pilot group cOs that’s a big reason ppl come here myself included
11-10-2020 | 05:54 AM
#7
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Joined: Mar 2011
Posts: 1,114
Likes: 38
Idk what his point is with these emails, you’re just p****** off the group by trying to seen like you’re being reasonable and SWAPA is being so unfair because FM is a non starter...it’s like the company is saying we know it’s a non starter but here’s a worse offer with it still in over and over. SWAPA isn’t being unreasonable, get rid of the FM and then we will take you seriously or just send out the WARN. There’s a reason the company hasn’t sent out WARN notices yet to the pilot group cOs that’s a big reason ppl come here myself included
I know man. They're ********** up big time by trying to manipulate the situation into a win-lose situation. It's bad faith. We will remember.
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11-10-2020 | 07:38 AM
#8
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Joined: Jun 2017
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I’m squarely in the furlough zone and on ExTO. Previously I was in favor of negotiations to avoid furloughs as long as they didn’t permanently alter the contract. After that last insulting “offer”, all I can say is FUPM. Give them nothing. Furlough me.
11-10-2020 | 07:55 AM
#9
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Joined: Apr 2019
Posts: 371
Likes: 2
war chest
11-10-2020 | 08:20 AM
#10
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Joined: Mar 2017
Posts: 460
Likes: 2
Not sure if I interpreted this “deal” correctly but for the guys on the first few years oat scale AND at risk of a furlough it looks like it would end up being around a 25% pay reduction.
So yea. FUPM
And let me know if I need to be looking for another job because I have a family to look after. A real family that is, not a SW one.
So yea. FUPM
And let me know if I need to be looking for another job because I have a family to look after. A real family that is, not a SW one.
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