UAL says no furloughs or paycuts until 9-30
03-31-2020, 03:32 AM
#11
Gets Weekends Off
Joined APC: Jan 2015
Position: EWR 777 FO
Posts: 187
Originally Posted by ShyGuy
Curious, what about downgrades? Apparently there is one airline out there trying to get clarification. Argument is a downgrade is not a furlough, and pay rates are already established for both CA and FO and those rates aren’t changing, and that a status change isn’t protected from CARES act, just a furlough and paycuts.
Thoughts?
Thoughts?
03-31-2020, 03:45 AM
#12
Super Moderator
Joined APC: Jul 2006
Posts: 5,549
Originally Posted by ShyGuy
Curious, what about downgrades? Apparently there is one airline out there trying to get clarification. Argument is a downgrade is not a furlough, and pay rates are already established for both CA and FO and those rates aren’t changing, and that a status change isn’t protected from CARES act, just a furlough and paycuts.
Thoughts?
Thoughts?
03-31-2020, 05:21 AM
#14
Gets Weekends Off
Joined APC: Mar 2006
Position: guppy CA
Posts: 5,160
Originally Posted by ugleeual
Rumor is Delta isn’t going to accept the grant or the loan... they don’t like the terms. We will know more Friday... that’s the Treasury deadline to request the money.
03-31-2020, 05:26 AM
#15
Gets Weekends Off
Joined APC: Jan 2019
Posts: 177
Originally Posted by Andy
I don't see how Delta will be able to stay out of bankruptcy without the loan. Maybe they have access to cash somewhere else. Still, doesn't seem like a smart call.
03-31-2020, 05:54 AM
#17
Gets Weekends Off
Joined APC: Jan 2019
Posts: 177
Originally Posted by Andy
Depends on how quickly they can cut expenses.
03-31-2020, 06:58 AM
#19
maxing the min/Moderator
Joined APC: Aug 2005
Position: 757
Posts: 1,355
Originally Posted by ugleeual
Rumor is Delta isn’t going to accept the grant or the loan... they don’t like the terms. We will know more Friday... that’s the Treasury deadline to request the money.
I read that was the deadline to get the money at the1st possible date. I have read nothing against waiting until May to accept the money. Thoughts?
03-31-2020, 07:00 AM
#20
Banned
Joined APC: Mar 2013
Posts: 384
Originally Posted by mmm123
Andy, I hope I am totally wrong on this. I have no confidence in the company "leadership" I didn't before this crisis and I certainly don't have any now. I have not liked the debt they took on and don't even have to mention the buyback So many just went along with everything because we were all pulling in the big checks and I understand that top a point. Now I still listen to so many that still have confidence in them Again I will be thrilled to eat my words down the road.
Thread
Thread Starter
Forum
Replies
Last Post
EngineOut
Regional
153
05-10-2017 10:12 AM
