View Poll Results: How did you vote
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09-27-2020 | 03:23 PM
#91
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
Likes: 205
From: 787
If we furlough next June we will be bankrupt. Period end of story.
09-27-2020 | 09:09 PM
#94
Line Holder
Joined: Sep 2020
Posts: 33
Likes: 0
Bold statement. If that’s the case, why did the company negotiate for the ability to furlough 2000 and still keep the TA going? If what you say is true, the company could have just left that part out since bankruptcy triggers termination of the TA anyway. Am I missing something?
09-28-2020 | 04:48 AM
#95
Line Holder
Joined: Apr 2020
Posts: 66
Likes: 0
Bold statement. If that’s the case, why did the company negotiate for the ability to furlough 2000 and still keep the TA going? If what you say is true, the company could have just left that part out since bankruptcy triggers termination of the TA anyway. Am I missing something?
No inside info, but my thoughts are the union wanted to prevent furloughs...a noble effort....and the company just said, “look, here is the pot of money we have for pilots until June. If you guys can figure out a way to prevent furloughs, we’re all ears.” Then the union dutifully went about cutting MPG to manage the company.
09-28-2020 | 05:26 AM
#96
Line Holder
Joined: Sep 2020
Posts: 33
Likes: 0
No inside info, but my thoughts are the union wanted to prevent furloughs...a noble effort....and the company just said, “look, here is the pot of money we have for pilots until June. If you guys can figure out a way to prevent furloughs, we’re all ears.” Then the union dutifully went about cutting MPG to manage the company.
09-28-2020 | 07:24 AM
#97
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
Likes: 205
From: 787
Bold statement. If that’s the case, why did the company negotiate for the ability to furlough 2000 and still keep the TA going? If what you say is true, the company could have just left that part out since bankruptcy triggers termination of the TA anyway. Am I missing something?
09-28-2020 | 07:52 AM
#98
Line Holder
Joined: Sep 2020
Posts: 33
Likes: 0
I understand your point, but it doesn’t answer my question.
09-28-2020 | 08:15 AM
#99
Gets Weekends Off
Joined: Sep 2020
Posts: 145
Likes: 0
That’s really some sound fundamental analysis. 70% of what? Revenue? LF? Block hours? Regardless even at our most recent qtr daily cash burn of $26 mil a day, that’s $.8bil a month. We have over $17bil on hand. We won’t be bankrupt in June. You realize the company can negotiate debt down outside bk? That’s most likely happening. We have cares 2 on the way - more cash. But hey - lets vote post haste and give them a handout.
09-28-2020 | 08:25 AM
#100
Gets Weekends Off
Joined: Feb 2012
Posts: 3,599
Likes: 205
From: 787
That’s really some sound fundamental analysis. 70% of what? Revenue? LF? Block hours? Regardless even at our most recent qtr daily cash burn of $26 mil a day, that’s $.8bil a month. We have over $17bil on hand. We won’t be bankrupt in June. You realize the company can negotiate debt down outside bk? That’s most likely happening. We have cares 2 on the way - more cash. But hey - lets vote post haste and give them a handout.
come June the company will either furlough Zero or will furlough more than 2007. They won’t be looking to reduce cash burn or break even. They will be looking to start making money again. They will not carry dead weight. The TA 2007 number means very little in my opinion and was there to show the dire circumstances we face. I believe it’s sole pourpose was to scare up yes votes.
If CARES 2 happens then this TA doesn’t mean jack so why even stress about it?
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