700 furloughs have not been announced 7/13/20
07-16-2020, 08:24 AM
#61
Gets Weekends Off
Joined APC: Sep 2005
Posts: 1,735
He said senior CA, which is where most of the VIL are going to. 12 year CA taking a 22 hrs cut, is a savings of $5K/month. First year FO is around $4,100 on guarantee. I’m pretty sure he’s saying the company save more by having a senior take a VIL, than cutting a first year FO and the savings is almost what a 2nd year FO makes. That’s how I read his post.
Last edited by Silver02ex; 07-16-2020 at 08:35 AM.
07-16-2020, 09:15 AM
#62
Gets Weekends Off
Joined APC: Feb 2011
Posts: 657
I don’t think we will see long term VIL here, easier and cheaper just to furlough. The reason the big three are offering it is because of multi fleet type and swa is offering it to try and avoid furloughing.
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07-16-2020, 09:34 AM
#63
Bus Driver ordinarie
Joined APC: Aug 2015
Position: Airbus CA
Posts: 555
He said senior CA, which is where most of the VIL are going to. 12 year CA taking a 22 hrs cut, is a savings of $5K/month. First year FO is around $4,100 on guarantee. I’m pretty sure he’s saying the company save more by having a senior take a VIL, than cutting a first year FO and the savings is almost what a 2nd year FO makes. That’s how I read his post.
than just what they’re paid.
taxes; administrative and support overheads; software licensing et al. It’s around
150% of gross pay at least.
07-16-2020, 09:58 AM
#64
Gets Weekends Off
Joined APC: Mar 2016
Posts: 612
He said senior CA, which is where most of the VIL are going to. 12 year CA taking a 22 hrs cut, is a savings of $5K/month. First year FO is around $4,100 on guarantee. I’m pretty sure he’s saying the company save more by having a senior take a VIL, than cutting a first year FO and the savings is almost what a 2nd year FO makes. That’s how I read his post.
07-16-2020, 11:19 AM
#65
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Joined APC: Jun 2006
Posts: 1,480
My base chat had a rundown of JM talking to a RGS last week. He said the same things you always hear in the Town Halls, but he mentioned SB 2021 numerous times. It certainly sounded like/implied that was going to be a big bench mark, long term, what happens here regarding size.
Someone posted an article above a couple days ago. Granted it was from SeekingAlpha, but none the less:
If they really did secure $730 million in CAREs loans and we now have $1.7B or so liquid and cash burn down to $2 million a day, I just don’t see how furloughing moves the needle any significant amount, if you want these guys for end of Nov, December and SB 21.
Someone did the math on another thread here. Furloughing bottom 500 and downgrading 200 from Oct 1 to Summer 2021 only saved $40 Million. There is also costs and time to bring them back online as well.
Maybe next trip I’ll figure out the cost savings for 1, 2 and 3 month VILs for 250, 500 in each seat.
Someone posted an article above a couple days ago. Granted it was from SeekingAlpha, but none the less:
If they really did secure $730 million in CAREs loans and we now have $1.7B or so liquid and cash burn down to $2 million a day, I just don’t see how furloughing moves the needle any significant amount, if you want these guys for end of Nov, December and SB 21.
Someone did the math on another thread here. Furloughing bottom 500 and downgrading 200 from Oct 1 to Summer 2021 only saved $40 Million. There is also costs and time to bring them back online as well.
Maybe next trip I’ll figure out the cost savings for 1, 2 and 3 month VILs for 250, 500 in each seat.
07-16-2020, 01:02 PM
#66
Gets Weekends Off
Joined APC: May 2019
Posts: 988
Good chance there will be a vaccine in circulation by the end of the year. When that happens it should boost the public’s confidence in travel pretty quickly. Like we started to see when the covid numbers were low for a month. I’d imagine the company will want to be in position to capitalize and lead the recovery race when that happens. I’ll admit I’m probably optimistic though since I’m bottom 500 here.
07-16-2020, 01:29 PM
#67
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Joined APC: Mar 2013
Position: C-172
Posts: 463
Good chance there will be a vaccine in circulation by the end of the year. When that happens it should boost the public’s confidence in travel pretty quickly. Like we started to see when the covid numbers were low for a month. I’d imagine the company will want to be in position to capitalize and lead the recovery race when that happens. I’ll admit I’m probably optimistic though since I’m bottom 500 here.
07-16-2020, 01:36 PM
#68
Gets Weekends Off
Joined APC: Sep 2018
Posts: 214
Good chance there will be a vaccine in circulation by the end of the year. When that happens it should boost the public’s confidence in travel pretty quickly. Like we started to see when the covid numbers were low for a month. I’d imagine the company will want to be in position to capitalize and lead the recovery race when that happens. I’ll admit I’m probably optimistic though since I’m bottom 500 here.
07-16-2020, 03:54 PM
#70
Gets Weekends Off
Joined APC: Sep 2018
Posts: 214
That's quite exactly my point and part of the equation of having a fully ready vaccine. We're literally cramming 5 years of research into as little time as possible. Though I'm not worried about growing another eyeball on my forehead in terms of a "ready" vaccine I'm just saying that there will not be one this year. Great if there was but nobody reputable is saying this. I think the only people who are saying there will be are the anti maskers who want to feel justified in their selfish egos.
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