^^^^ This. You guys are talking furloughs, I’m much more concerned we won’t have an airline.
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I have that on my mind too. This airline survived 9/11 and ‘08. Both as a much smaller airline and when small airlines usually didn’t. I’m hoping this is the same. Coming out the other side won’t be for us giving a decade of charity for a crisis that will be much shorter than that. If spirit pulls through it will be a combination of good management and luck.
When Ted and Bendo come forward and offer to cut their salary 50% and no bonuses, then we can discuss salary concessions.
No! Their salary is a small percentage of total compensation. If/when we come through this, their temporary pay cuts will be far overshadowed by huge gains in stock they are given for free. No!