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Old 07-30-2020 | 07:11 PM
  #71  
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Originally Posted by ugleeual
7-G-1-a A furloughed Pilot i) who was involuntarily displaced from a higher-paying Category than the one from which he was furloughed, and ii) whose “date of displacement” (as defined in Section 8-E-3) from that higher-paying Category is within twelve (12) Bid Periods of his furlough date, and iii) who actually received pay in that higher-paying Category, shall receive furlough pay equivalent to the minimum monthly reserve flight pay guarantee based on the last hourly rate he actually received for that higher-paying Category. If more than one (1) involuntary displacement satisfies this provision, the highest rate applicable shall be used. This provision shall not apply if the Pilot would receive a lesser rate than provided for under Section 7-G-1 if the last hourly rate actually received for the higher paying Category was at a lower longevity step than the Category from which he was furloughed (e.g., 2 year 756 First Officer rate vs. 3 year 737 First Officer rate).
A MPG cut would still affect these folks. Anyone flying NB F/O who was not displaced from a higher category (a very large percentage of the potential furloughs) would get hurt by either an MPG cut or hourly rate cut prior to furlough.
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Old 07-30-2020 | 07:13 PM
  #72  
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Originally Posted by UAL97
Most likely a divisor where they hope they can get nearly an entire group to vote for concessions to save their jobs. Hoping that they don't know any better since they haven't been on the property for prior furloughs.

^^^^^^^this
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Old 07-30-2020 | 07:31 PM
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Originally Posted by MasterOfPuppets
^^^^^^^this
That being said, I don't think there will be anywhere close to the 3900 furloughs that they are stating. That's about 4 years worth of training when recalls would begin. If UAL has any inkling of being competitive in the future, those numbers just aren't feasible, especially when the competition isn't likely to come close to those furlough numbers. And how many 737 PI's of the 3900 does that encompass?
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Old 07-30-2020 | 07:42 PM
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I see a few comments about furlough pay. That’s neat. Don’t hold your breath.
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Old 07-30-2020 | 07:44 PM
  #75  
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Originally Posted by UAL97
That being said, I don't think there will be anywhere close to the 3900 furloughs that they are stating. That's about 4 years worth of training when recalls would begin. If UAL has any inkling of being competitive in the future, those numbers just aren't feasible, especially when the competition isn't likely to come close to those furlough numbers. And how many 737 PI's of the 3900 does that encompass?
they can’t shrink that much and stay in business. They have to pay back 20 billion? 25? Iv lost count.....you can’t be 1/3 of your size and service your debt. Q saying we won’t be able to bring these pilots back from furlough or grow because we will be focusing on debt is an oxymoron. They better grow or they wil default! You can’t raise the debt of the worlds third largest airline and expect to service that debt when you are the size of a regional airline.

if they furlough this deep plus EOs bankruptcy is 100%. And CH 11 won’t be an option because there is no business plan that can show a viable company that is as small as United wil be, no one will invest. Iv said it before and Il say it again if United drops 4-5000 off its seniority list it will be out of business.

this is posturing folks.
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Old 07-30-2020 | 08:06 PM
  #76  
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Originally Posted by MasterOfPuppets
they can’t shrink that much and stay in business. They have to pay back 20 billion? 25? Iv lost count.....you can’t be 1/3 of your size and service your debt. Q saying we won’t be able to bring these pilots back from furlough or grow because we will be focusing on debt is an oxymoron. They better grow or they wil default! You can’t raise the debt of the worlds third largest airline and expect to service that debt when you are the size of a regional airline.

if they furlough this deep plus EOs bankruptcy is 100%. And CH 11 won’t be an option because there is no business plan that can show a viable company that is as small as United wil be, no one will invest. Iv said it before and Il say it again if United drops 4-5000 off its seniority list it will be out of business.

this is posturing folks.
You're right about posturing, but absolutely wrong about CH11 being off the table. There is absolutely a business case for a legacy airline that is 60-70% of 2019 UAL, but it will mean unpleasant things such as base closures, entire fleets going away, more RJ flying, etc.
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Old 07-30-2020 | 08:07 PM
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Originally Posted by MasterOfPuppets
they can’t shrink that much and stay in business. They have to pay back 20 billion? 25? Iv lost count.....you can’t be 1/3 of your size and service your debt. Q saying we won’t be able to bring these pilots back from furlough or grow because we will be focusing on debt is an oxymoron. They better grow or they wil default! You can’t raise the debt of the worlds third largest airline and expect to service that debt when you are the size of a regional airline.

if they furlough this deep plus EOs bankruptcy is 100%. And CH 11 won’t be an option because there is no business plan that can show a viable company that is as small as United wil be, no one will invest. Iv said it before and Il say it again if United drops 4-5000 off its seniority list it will be out of business.

this is posturing folks.
I have said this very thing. If United shrinks that much, there will not be a United. A company this size can't shrink to match such a small demand. If demand remains this low by next summer there will be a lot less airlines in the world. Are all the major players going to let cash cows (airlines) perish? 10-15 jobs for every airline job. Banks, lessors, aircraft manufacturers. Way too much vested interest surrounding the big 3 airlines.
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Old 07-30-2020 | 08:28 PM
  #78  
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Originally Posted by MasterOfPuppets
they can’t shrink that much and stay in business. They have to pay back 20 billion? 25? Iv lost count.....you can’t be 1/3 of your size and service your debt. Q saying we won’t be able to bring these pilots back from furlough or grow because we will be focusing on debt is an oxymoron. They better grow or they wil default! You can’t raise the debt of the worlds third largest airline and expect to service that debt when you are the size of a regional airline.

if they furlough this deep plus EOs bankruptcy is 100%. And CH 11 won’t be an option because there is no business plan that can show a viable company that is as small as United wil be, no one will invest. Iv said it before and Il say it again if United drops 4-5000 off its seniority list it will be out of business.

this is posturing folks.
wheres the warn letters?

more fear tactics and political complement
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Old 07-30-2020 | 08:33 PM
  #79  
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Why not shrink substantially, declare Chapter 11 bankruptcy if necessary, and then merge with another legacy on the backside that has done the same thing?
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Old 07-30-2020 | 08:45 PM
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Originally Posted by The Duke
Why not shrink substantially, declare Chapter 11 bankruptcy if necessary, and then merge with another legacy on the backside that has done the same thing?
That I could see, if we do furlough 3900. Another consideration is that 3900 is actually more like 5000 when you factor in retirements. That’s insane.

The original 2250 number actually ends up being closer to a realistic 30% reduction if they end up getting enough early outs and voluntary leaves. And also enables them to keep the 76 seaters flying with all of the seats. I’ll go with no more than 2250 as my final furlough prediction.
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