United cuts: Things to look out for
03-05-2020 | 06:02 AM
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United cuts: Things to look out for
1) Mainline vs Express: What percentage of each gets cut from domestic capacity.
2) How much flying gets shifted to 70-76 seaters.
3) Stock buybacks. Any announcement on reductions there?
4). Dividend payouts. Same as 3.
5) Management bonuses and pay raises. They announced temporary freezes, but they always get paid. When do they get their money?
6) Does Oscar stay on to get United through the crisis?
7) JetBlue announced a 5% reduction. Lufthansa cut about 20%. What about American, Delta and Southwest?
2) How much flying gets shifted to 70-76 seaters.
3) Stock buybacks. Any announcement on reductions there?
4). Dividend payouts. Same as 3.
5) Management bonuses and pay raises. They announced temporary freezes, but they always get paid. When do they get their money?
6) Does Oscar stay on to get United through the crisis?
7) JetBlue announced a 5% reduction. Lufthansa cut about 20%. What about American, Delta and Southwest?
03-05-2020 | 06:12 AM
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9) Marvins telling us that we need to do our part to help stabilize the airline and explaining to the FNG's how lucky they are to work here. Marvins concession stand is always open.
10) Giant loophole$ in the eventual TA, but higher pay rates! (Funded of course by the giant loophole$)
10) Giant loophole$ in the eventual TA, but higher pay rates! (Funded of course by the giant loophole$)
03-05-2020 | 06:16 AM
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8:49 am: Outbreak will cost Southwest up to $300 million in the first quarter
Southwest Airlines warned investors that the outbreak will cost the U.S. carrier up to $300 million during the first quarter. “In recent days, the company has experienced a significant decline in customer demand, as well as an increase in trip cancellations, which is assumed to be attributable to concerns relating to reported cases of COVID-19,” the airline said. It said its revenue per available seat mile, a key measure of performance, was slashed. The company now says it will fall to somewhere between a 1% gain and a 2% decline. It previously said its year-over-year revenue per seat mile would rise 3.5% to 5.5%. —Kopecki
03-05-2020 | 12:22 PM
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Pure guess... if the economy continues to head downward but the MAX is approved back into service relatively soon, perhaps there's flexibility WRT Boeing on when we accept (and start paying for) the aircraft that are now sitting on their property - in combo with us being staffed for a good economy plus the anticipated MAX return. Just guessing there's the most room for flexibility on the 737 fleet.
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