Stimulus package deal soon
 

https://www.cnn.com/2020/03/25/polit...rus/index.html

so... no furloughs until at least September then. Isn’t that the gist of the email that Oscar and other airline CEOs sent to Congress?

cautiously optimistic...

yes.......

Summer load factors will be the metric for post September furloughs. Now about those SRLs. Went senior in my BES. Shell out a few hundred more and save some money.

Hoping the same (again) is an option for Jetblue as we saw the same results. Offered 50 hour stay home lines and junior award in Boston 320 left seat was 15% company wide. I suspect they could double that and still not even hit 50% seniority.

Dammit thought you meant younger flight attendants that do shoulder rubs on trans cons 😈 😆

Actual bill language

Page 510 - 25B loan
- allowance for 10% of total workforce immediate involuntary furlough
- stock buy back/dividend restrictions until loan is paid back +12months

Page 589 - 25B possibly a grant
- with no involuntary furloughs or pay cuts until 9/30/20
- no stock buybacks or dividends until Sept 30, 2021


If UAL management takes just the loan they COULD still furlough pretty deep into the pilots. 10% of 100,000 employees and we have the bigger payroll compared to other work groups. If we give them voluntary furloughs and reduced lines they still have that 10% of involuntary furloughs. The bill does some good but there are a lot of ways for management to manipulate its implementation.

which is probably in line with the bills intention. The goal is to save the largest number of jobs - not necessarily the highest paying jobs.

i doubt there will be much outcry if they go deep in pilots and keep it easy in other work groups.

our real protection is in the training cost that this would incur.

Specifically, pages 517 for the loan and 592 for the grant.

The takeaway? There WILL be pilots hitting the street in October. Hopefully in the interim a) the virus/demand situation improves, albeit however slightly, and b) the union and company will have time to do some really, REALLY outside-the-box thinking about programs to mitigate the numbers.

Have we still not offered an early out package?