Quote:
Originally Posted by flyguy81
Didn’t the govt pay for it anyways for the most part? They couldn’t furlough or cut wages due to taking the PPP money. It definitely helped cut payroll costs, along with VSP. No idea how the govt $ factored in…
The employees on VSP and EXTO were 100 percent paid for with PPP money. I am happy it worked out that way, but it won't happen again, especially not due to a slight and very temporary overmanning situation. Anyone who was a FO when the max was grounded is rolling their eyes at the assertion that the company won't just keep on keeping on with an overmanned employee group. Simply put, the cost of shelving those employees is higher than the cost of keeping them. They will try some sort of voluntary LOA program I am sure, but they have done that in the past as well. What we will almost definitely see is the tightening of the open time market with all the second and third order effects that go with that. If you are good with min guarantee or slightly more, you'll be fine. The 180tfp alimony daddies will be freaking out.
No offense to our current VP of flight ops, he seems like a genuinely good dude. The VP of flight ops is, at best, a ceremonial position, kind of like the British monarchy. What they say and do has little bearing on what actually occurs.