Bidding Delay Again...
 

Check your emails...

At least we're getting some cash this time...

A little kiss on the cheek before some unwanted butt stuff happens.

Although I’m sure this will push a lot of people from line holders to reserve. A small lump sum won’t cover that loss of income.

That made me laugh... Thanks, I needed that.

I think talking about the other things in that MOU like voluntary leaves starting in may is probably more important than a bid delay or $3m in cash that equates to like $500 after taxes

How many takers do we think they'll get for a VLOA? People are running around hoarding T.P., yet the average household savings in the U.S. is just over $10k. The economy, and especially this industry, won't survive until July or August. First the jobs will go, next will come the repos and foreclosures, housing market crashes, student loan defaults, banks fail, yada yada yada. Seems like a terrible time to forego income, winter is coming.

If you’re less than a year on property it may be a solution to avoid a furlough but maintain health insurance for your family. The only downside is whether you would be eligible for unemployment by taking a LOA. A lot would depend on what backstops the government puts in place to assist those displaced. There are a lot of variables, and none it will be easy.

The president pledged today to backstop the airlines. If furloughed you’ll receive 1-3 months of furlough pay after 30 days notice, unemployment is available and hopefully you’ve been smart enough to save some cash for a rainy day. With any savings at all you should be good for a minimum of three months before things really tight.

Take a breath. It’s going to be ugly, but not Armageddon.

Love your optimism... look forward to seeing you volunteering for the LOA