|
Originally Posted by Glenntilton
(Post 2579336)
1997. Not rejected by UAL nor furloughed. One would have me way senior than I am now (2300 numbers). The other, a military retirement. My buddy got hired at SWA in 1998, has been a Captain for well over a decade.
|
Originally Posted by OCF Flier
(Post 2579906)
Summer classes this year at United. That long wait might be much shorter than expected...
|
Originally Posted by Bundee
(Post 2579946)
ClasseS? You mean in addition to the June class??
|
Originally Posted by cadetdrivr
(Post 2579792)
Nope. It's all good "talk" until the corporation is threatened. Then all bets are off. This applies to any company, no matter how nice they were in the past.
Last downturn SWA was fortunate enough to have significant fuel hedges in place which saved the day when fuel spiked and decimated the rest of the industry. Note that SWA had not unilaterally predicted a fuel spike, they were just trying to flatten their expenses for predictable earnings forecasting. While its better to be lucky than good, had those fuel hedges not been in place the carnage would have been significant and unlike virtually anything SWA had faced in the past. Bottom line SWA never had pensions to deal with and it took till the mid 2000”s for the legacies to realize that to compete on costs they needed to get rid of theirs as well. The only way to do that is in BK court. I was just visiting a state where there are now thousands with state pensions guaranteed for life in the mid 100k”s. Many make more in pension than they earned. Ironically the paper was stating that there is nothing to be done about this as the state cannot go BK so they must raise taxes/starve current services and pay up. |
Originally Posted by full of luv
(Post 2579971)
I was just visiting a state where there are now thousands with state pensions guaranteed for life in the mid 100k”s. Many make more in pension than they earned. Ironically the paper was stating that there is nothing to be done about this as the state cannot go BK so they must raise taxes/starve current services and pay up.
|
Originally Posted by full of luv
(Post 2579971)
As I recall a lot of those actual hedges were purchased with good ole SWA cash from Delta as they were burning the furniture to heat the house for a period of time until a trip to BK became evident.
Bottom line SWA never had pensions to deal with and it took till the mid 2000”s for the legacies to realize that to compete on costs they needed to get rid of theirs as well. The only way to do that is in BK court. I was just visiting a state where there are now thousands with state pensions guaranteed for life in the mid 100k”s. Many make more in pension than they earned. Ironically the paper was stating that there is nothing to be done about this as the state cannot go BK so they must raise taxes/starve current services and pay up. |
Originally Posted by full of luv
(Post 2579971)
Bottom line SWA never had pensions to deal with and it took till the mid 2000”s for the legacies to realize that to compete on costs they needed to get rid of theirs as well. The only way to do that is in BK court.
|
Originally Posted by 07Driver
(Post 2579730)
People forget the Southwest tried to furlough, but their union prevented it.
|
Originally Posted by APC225
(Post 2580000)
And that is one big “but.”
|
Originally Posted by full of luv
(Post 2579971)
As I recall a lot of those actual hedges were purchased with good ole SWA cash from Delta as they were burning the furniture to heat the house for a period of time until a trip to BK became evident.
Bottom line SWA never had pensions to deal with and it took till the mid 2000”s for the legacies to realize that to compete on costs they needed to get rid of theirs as well. The only way to do that is in BK court. I was just visiting a state where there are now thousands with state pensions guaranteed for life in the mid 100k”s. Many make more in pension than they earned. Ironically the paper was stating that there is nothing to be done about this as the state cannot go BK so they must raise taxes/starve current services and pay up. The company had a lot of options. Freeze them, reduce the multiplier, etc. But they chose to ream us. I am an Elephant. |
| All times are GMT -8. The time now is 10:50 PM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands