EIL/Unpaid Leave Extension????
10-06-2020 | 09:33 AM
#41
Perennial Reserve
Joined: Jan 2018
Posts: 14,247
Likes: 257
As the 2016 Republic bankruptcy shows:
https://www.usatoday.com/story/trave...able/81035522/
the whole bankruptcy process is just one more management mechanism to manage the company. They don’t even have to be losing money to do it.
But I do think the Big Three got caught with the wrong business model for this recovery and AA in particular was overextended with debt. AA declaring bankruptcy is almost a given now and that forcing Delta and UA to follow suit to avoid AA having an advantage over them after the recovery is a very real possibility.
https://www.usatoday.com/story/trave...able/81035522/
the whole bankruptcy process is just one more management mechanism to manage the company. They don’t even have to be losing money to do it.
But I do think the Big Three got caught with the wrong business model for this recovery and AA in particular was overextended with debt. AA declaring bankruptcy is almost a given now and that forcing Delta and UA to follow suit to avoid AA having an advantage over them after the recovery is a very real possibility.
10-06-2020 | 10:35 AM
#42
Gets Weekends Off
Joined: Jan 2009
Posts: 1,269
Likes: 0
EIL/Unpaid Leave Extension????
Bankruptcy puts pressure on other airlines because the ones that do go through the process get to write off a lot of bad debt or at least pay pennies on the dollar for it. Therefore we are at an unfair advantage as we are still paying full price plus whatever interest for our large amounts of debt when everyone in bankruptcy isn’t, plus the bankruptcy courts will destroy union contracts while others can’t. You can renegotiate airplane orders and loans... List is to long to write everything out but it certainly has the potential to snowball and certainly puts pressure on other management teams to try and even the playing field..
10-06-2020 | 10:53 AM
#43
Gets Weekends Off
Joined: Oct 2010
Posts: 4,603
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Listen I won’t ever entertain a single concession ever. Played that game before. I’m just noting that some seem to think what affects the bigger carriers doesn’t affect us. I’d bet money that if the United deal come out before we did ours did to mirror close to Southwest we wouldn’t have the deal we have. Also, given that it has no guarantees for furloughs past October I think management may see that door as still open for leverage.
10-06-2020 | 12:08 PM
#44
That/It/Thang
Joined: Aug 2020
Posts: 3,500
Likes: 362
Listen I won’t ever entertain a single concession ever. Played that game before. I’m just noting that some seem to think what affects the bigger carriers doesn’t affect us. I’d bet money that if the United deal come out before we did ours did to mirror close to Southwest we wouldn’t have the deal we have. Also, given that it has no guarantees for furloughs past October I think management may see that door as still open for leverage.
Im willing to bed the 500+ guys who were going to be furloughed, and were saved by the EILs, would not want the contract gutted after the company threaten to furlough them again. Furloughs happen in this industry, we try to prevent them, and we did. If it requires concessions, sorry, but the MEC has spoken on this already.
Meanwhile.... https://www.cnbc.com/2020/10/06/trum...-election.html
10-06-2020 | 01:59 PM
#45
Gets Weekends Off
Joined: Oct 2010
Posts: 4,603
Likes: 0
Then furlough...500+ pilots got a stay of execution when 1000 pilots took a partial pay leave. If you think this group will/should/are going to entertain management coming back to the table again and asking for more or threatening furloughs again, then furlough. Let the company risk not being properly staffed when travel resumes and they have guys furloughed and guys on EIL with no trigger in the MOU to make guys come back early.
Im willing to bed the 500+ guys who were going to be furloughed, and were saved by the EILs, would not want the contract gutted after the company threaten to furlough them again. Furloughs happen in this industry, we try to prevent them, and we did. If it requires concessions, sorry, but the MEC has spoken on this already.
Meanwhile.... https://www.cnbc.com/2020/10/06/trum...-election.html
Im willing to bed the 500+ guys who were going to be furloughed, and were saved by the EILs, would not want the contract gutted after the company threaten to furlough them again. Furloughs happen in this industry, we try to prevent them, and we did. If it requires concessions, sorry, but the MEC has spoken on this already.
Meanwhile.... https://www.cnbc.com/2020/10/06/trum...-election.html
10-07-2020 | 07:03 AM
#46
Gets Weekends Off
Joined: May 2017
Posts: 516
Likes: 0
(Personal opinion)
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
10-07-2020 | 07:26 AM
#47
Gets Weekends Off
Joined: Feb 2020
Posts: 498
Likes: 0
(Personal opinion)
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
10-07-2020 | 05:40 PM
#49
Line Holder
Joined: Sep 2014
Posts: 1,691
Likes: 21
From: 60’s Tech, Right
(Personal opinion)
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
10-09-2020 | 06:32 AM
#50
Line Holder
Joined: Jun 2019
Posts: 1,284
Likes: 0
(Personal opinion)
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
the EIL’s saved me from being furloughed. I’d rather be furloughed for a year or two than come back to a weaker contract that hurts me and my senior peers. I think most of us new guys feel this way. I consider myself incredibly lucky just to be on this seniority list
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