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

I’m sorry if you didn’t plan for a rainy day. I did, and may very well take a LOA to watch my children who find themselves at home for a lengthy period of time. But I’ll break it down for you so that you can understand I’m not blowing sunshine.

Per the contract you get 30 days notice.
There’s one month of pay.

Then you get 1-3 months of pay based on length of service.

That plus unemployment and any bit of savings will get you a minimum of three months down the road before making ends meet becomes a problem.

Yes, I read the blurb about that all being null and void due to conditions beyond the company’s control, but that Donny T backstop money will come with strings.

At a minimum you're good until July.

We’re all concerned. The freak out can be delayed.

you think Airlines are really going to get bailed out? They don’t deserve a dollar......(and if they do, why would We get anything, we employ under 10,000 people while airlines like AA (That owe far more than they’re worth) employ like 130k and will be sure to get bailed out.


https://www.bloomberg.com/news/artic...buybacks-chart

You might want to read a little more in section 23. Check out the last two paragraphs of section 23, and then let me know if you still think 30 days notice and furlough pay will happen, I hope you're correct though!

Forgive my ignorance, but does a LOA prevent you from subsequently being furloughed?

The airlines are absolutely going to get bailed out. What? You think they’re just going to be allowed to fail and then only have 1-2 operational airlines when we emerge from this? Sorry, that’s irrational. They’re going to back stop the airlines with either flat out give aways or interest free loans. I’m sure the legacies would love to see everyone else die on the vine, but that’s not going to fly. Literally.

The current admin has tied its horse to thr notion that things things will come roaring back when this is over. They’re not about to kill off several airlines at the alter of saving a few bucks.

Btw, NKS had 13,000 employees 3 or four years ago when we were 2/3’s of our current size. I’d bet we’re in the 15,000+ employee range.

You might want to read my post again where I referenced the very thing you’re worried about.

Again, that government money will have strings attached.

Ha, read your first post and quoted your second one. Carry on

Yes the government money will have strings attached, but at this point nobody can guarantee that we’ll get our cut. It usually has some other type of strings, majorly a cost reduction. Good luck convincing them “we’re already low cost”. Heck, the bailout itself it’s totally theoretical at this point. We’ll be behind oil companies and banks for sure.

I hope thats the case. If it is.........MAGA2020 😄

I can’t seem to find this email did it come out today? Or was I already fired and not told about it?

You were fired. Sorry.

https://www.bloomberg.com/news/artic...buybacks-chart

woops

Other airlines are offering 50hr and 55hr paid w 401k no fly lines and LOA.

So basically the only time section 23A3 and 23G only comes into affect is when all airlines are doing well except ours. So yeah if we furlough no one is getting paid on the streets!!

Maybe we should have gotten a MOU guaranteeing those 2 subsections instead. But before we get worked up, let’s wait and hear what the union has to say about that.

That’s how they were feeding the bull....

This should be our aim if things continue on their course.

The best thing we can do is sit tight and watch what happens. Keep cool and quit with the crazy speculations. For the record I was at the Legacy's on 9/11 and the Saturday after 9/11 when we started flying again very few people were on the Aircraft. It stayed that way for months. Back in 2002 their was a lot of fat to cut. We don't have those issues today. Plus the economy is going to bounce back fast. Wait till we start bring more jobs back to the USA. Think we've learned a major lesson with china! Never again. China isn't the kind of partner we want anymore. Bring those jobs home.

That and close the wet markets over there.....those things are where all these diseases begin.

Exactly. It may suck for a couple/few months, but here’s the thing.

A. People are not going to stop traveling. You think people are going to start driving 18 hours again to visit friends and family? Really?

B. Americans have extremely short term memories.