United Airlines poised to slash payroll costs
03-21-2020, 02:59 PM
#111
Gets Weekends Off
Joined APC: Jan 2014
Posts: 425
Originally Posted by Dorp
Just replace BP with management and the oil spill with stock buybacks and it fits perfectly!
https://youtu.be/15HTd4Um1m4
https://youtu.be/15HTd4Um1m4
03-21-2020, 03:34 PM
#113
Follower
Thread Starter
Joined APC: Mar 2020
Posts: 57
Ten Airlines Say No Layoffs Before Sept 1
Ten Airlines Say No Layoffs Before Sept. 1 If Congress Acts Quickly On Coronavirus Bailout
Top executives of the ten largest passenger and cargo airlines say they will not furlough or lay off any workers before Sept. 1 if Congress moves quickly to bail out airlines from the coronavirus crisis.In a letter Saturday, the executives wrote, “If worker payroll protection grants are enacted, equaling at least $29 billion, participating passenger and cargo air carriers will not furlough employees or conduct reductions in force through August 31, 2020.”
Additionally, the executives wrote, if loan guarantees equaling at least $29 billion are enacted, they will place limits on executive compensation and eliminate both stock buybacks and stock dividends for the life of the loans.”
The industry is seeking a bailout package of $58 billion in total. Saturday was the first time it offered no layoffs or furloughs until Sept. 1 in exchange.
However, the letter, written under the letterhead of Airlines for America, the industry lobbying group, warned, “Time is running out.
“Unless worker payroll protection grants are passed immediately, many of us will be forced to take draconian measures such as furloughs,” the letter threatened.
“The worker payroll protection grants are critical to saving the jobs of our employees,” the letter said. “Over the past week we have communicated to our employees the dire situation we are in and the potential impacts on them if our government doesn’t step up to help.”
The signees asked that Congress “move expeditiously to pass a bipartisan proposal that includes a combination of worker payroll protection grants, loans and loan guarantees and tax measures.”
The letter was signed by top officers of passenger carriers Alaska Airlines, American Airlines, Delta Air Lines, Hawaiian Airlines, JetBlue Airways, Southwest Airlines and United Airlines; of cargo airlines Atlas Air, FedEx Express and UPS Airlines and A4A CEO Nicholas Calio.
https://www.forbes.com/sites/tedreed.../#af07f7f30e93
03-21-2020, 04:02 PM
#115
Layover Master
Joined APC: Jan 2013
Position: Seated
Posts: 4,311
The Good Place
Netflix series “You”, “Maniac” and “Ozark”. Ozark is so freaking good.
Oh, and Living With Yourself, it’s hilarious, with Paul Rudd.
And The End of the F%*#*^ World. English show, dark, but good.
Netflix series “You”, “Maniac” and “Ozark”. Ozark is so freaking good.
Oh, and Living With Yourself, it’s hilarious, with Paul Rudd.
And The End of the F%*#*^ World. English show, dark, but good.
03-21-2020, 04:56 PM
#117
Gets Weekends Off
Joined APC: Aug 2007
Posts: 459
Originally Posted by The Sentinel
Southwest Airlines suspends international flying Sunday, cuts 1,000 flights from schedule
The Dallas-based carrier’s decision to end its flights to the Caribbean and Mexico is part of a larger cull of 1,000 flights — 25% of its entire operation — from its schedule. The cuts begin March 22, Southwest said Friday. They will remain in place at least into April, when the carrier will implement a previously planned 20% capacity reduction.
“During this unprecedented time, we will continually assess the real-time, market demand for Southwest’s service with the goal of cancelling flights that have alternate flights or route options and that affect the fewest number of customers,” Southwest said
https://thepointsguy.com/news/southw...flying-sunday/
Was wondering what was going on at SWA. The sub forum here is silent about all this.
03-21-2020, 05:01 PM
#118
Banned
Joined APC: Jun 2018
Posts: 1,838
The gubment and employees are getting played by management. This is just like the threats during negotiations. Regardless of loans/bailouts they will pay off loan first then buy back stock with the grant portion in 3 years after they lay-off in fall time. Absolutely not!!!
03-21-2020, 05:11 PM
#119
Gets Weekends Off
Joined APC: Feb 2015
Position: 777FO
Posts: 703
Originally Posted by The Sentinel
Your game needs improvement.
Anyways, a hearty second to The Wire. Didn't think I'd be interested.... but ended up loving it. And, all eleven seasons of Cheers are on Netflix. Still great after all these years. NORM!!!!
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