United: 10% domestic, 20% international

Jetblue: 5%

Delta: 10-15% domestic, international 20-25%

American: 7.5% domestic, 10% international (summer peak)

Southwest: N/A, but CEO took 10% pay cut

 

UNITED The Star Alliance carrier will suspend the following routes in April:

• Chicago O’Hare (ORD) to Eugene (EUG); Jackson, Mississippi (JAN); Wilmington, North Carolina (ILM); and Zurich (ZRH)
• Houston Bush Intercontinental (IAH) to Akron/Canton, Ohio (CAK); Edmonton (YEG); Reno (RNO); and Vancouver (YVR)
• Newark Liberty (EWR) to Salt Lake City (SLC)
• San Francisco (SFO) to Fayetteville/Northwest Arkansas (XNA); Fort Lauderdale (FLL); and New Orleans (MSY)
• Washington Dulles (IAD) to Geneva (GVA)

When traffic recovers, I’m going to bet that Kirby comes back to ALPA and tries to get relief on scope to put RJs on these domestic routes that were cut, Distegard Zurich and Geneva. Guaranteed.

Pivot

 

Not a problem. We'll fly them.
Maybe a great market to throw a new 100seater? E195E2?!
if not, we can just operate those new E175's that United purchased.

FS, FP & FtC
Motch

 

"Today, we furnished a Form 8-K to the Securities and Exchange Commission that outlines additional steps we’re taking. Each one is in line with the strategy to act quickly, conserve cash and proactively manage our schedule until demand returns.

-Adjusted capital expenditures* are expected to be approximately $4.5 billion for the year. Reducing capital investments this year gives us more short-term flexibility.
-Suspended share buybacks under the share repurchase program.
-Raised an incremental $2 billion in new liquidity in the form of a secured term loan facility.
-Communicated that May schedule reductions are expected to be at least 20% and announced plans to proactively evaluate and cancel flights on a rolling 90-day basis until there are signs of a recovery in demand.
-Oscar and Scott are forgoing 100% of each of their respective base salaries through at least June 30, 2020."

 

The share buybacks are the most important. Seeing them stopped means this is serious. The base salaries are meaningless as they recover those on the back end, just like Tilton and Brace.

 

The 50 seats are going

 

To finish my previous reply...

The 50 seaters will probably benefit from this downturn.

 

CapEx will need to be reduced further and much more liquidity is needed.

I'd like to know the breakeven for putting 777s in temporary storage.

 

I don’t think upper management will be that fond of paying mainline rates on an airplane that they can already farm out the flying for much cheaper.

 

that must be the goal of the MEC chairman and not suit and tie and big shot attitude at the board of directors
boy people change with a little power given by the members but all have an expiration date for sure

so no scope relief or here here is the door mr Chairman