Furlough estimate
05-05-2020, 04:32 AM
#391
Orbis Non Sufficit
Joined APC: Oct 2015
Posts: 736
SWA is burning roughly 1B/month with over 15B of liquidity without taking any extra money from the government or private market. Add in the fact that they predominately fly domestic.... I don’t think you need to work at SWA to believe that they’ll get through this pandemic in pretty good shape.
05-05-2020, 04:34 AM
#392
Line Holder
Joined APC: Jul 2016
Posts: 48
SWA is burning roughly 1B/month with over 15B of liquidity without taking any extra money from the government or private market. Add in the fact that they predominately fly domestic.... I don’t think you need to work at SWA to believe that they’ll get through this pandemic in pretty good shape.
05-05-2020, 05:03 AM
#393
Gets Weekends Off
Joined APC: Aug 2007
Posts: 2,013
They don’t even need a vaccine developed rapidly by January for instance. Even if domestic travel returns some sense of normalcy by the end of 2021, SWA is still in a good spot....not without some heartburn along the way of course. They have over a year of liquidity if passenger demand remains at zero, which we all know won’t happen. The original question I was answering was, will Southwest declare bankruptcy...I just don’t see it.
05-05-2020, 05:32 AM
#394
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
But yes, when the world ends there will still be cockroaches and SWA.
05-05-2020, 05:34 AM
#395
Gets Weekends Off
Joined APC: Aug 2007
Posts: 2,013
05-05-2020, 05:39 AM
#396
Gets Weekends Off
Joined APC: Oct 2010
Posts: 2,639
05-05-2020, 05:47 AM
#397
Gets Weekends Off
Joined APC: Aug 2007
Posts: 2,013
Yeah I got that. I’m just saying they have a lot of liquidity in their war chest to fight this battle with a lower cash burn rate then their peers. They have over 15B in the bank today without taking any further money. I’ll use the word “further” instead of “extra“ this time since it’s bothering you for some reason. Anyway good luck to you.
05-05-2020, 08:49 AM
#399
Gets Weekends Off
Joined APC: Apr 2016
Posts: 273
Got recall notice in Jan 2007
I did not accept because I had been at Aloha for 4 years at that time, and half way up the FO seniority list and we were doing good at the time. In hindsight, even if I did accept, i would have been furloughed again in 2009.....
Back then the recall rules were different. They would go down the list from the top, you could bypass once. when they hit the bottom they go up the list from the bottom. when they hit you again if you did not accept they removed you from the seniority list. ( people on Mil LOA were exempt)
Captain Dooley
Lost Decade Charter Member,
05-05-2020, 09:02 AM
#400
Gets Weekends Off
Joined APC: Oct 2010
Posts: 126
I’m not saying that Kirby isn’t taking risk and trying to make this work out to his advantage, but I don’t think that the 4,500 is based on zero recovery. That would mean Chapter 7. The 4,500 is getting people in place for the planned 70% recovery. Unless we see a rapid and full recovery, the airlines are just going to be smaller for a while and there is nothing we can do except make sure that the contract is followed.
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