Furlough Estimates

According to leadership, Republic is ..."operating around 150 of our 200 aircraft for this month and August and nearly 50% of our normal scheduled block hours..." so I guess we've been a little lucky so far. I still expect to either be on the street or on reserve in LGA come October. (bottom 35% of the list) "we'll see" is my best prognostication as well.
 
There will probably be another stimulus for airline employees. I know ALPA is working on it. Plus, Trump doesn’t want a bunch of his voters hitting the streets a month before the election.
 
mwflyer said:
There will probably be another stimulus for airline employees. I know ALPA is working on it. Plus, Trump doesn’t want a bunch of his voters hitting the streets a month before the election.
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I’m certainly not counting on it and I’m torn on it even if were to occur.
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JordanD said:
Almost every place that I've seen with packed parking lots around me has been some awful chain restaurant. Seriously, if you're going to risk the 'Rona, at least support a local business lol
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Technically they are local businesses since most of the time someone local owns that location and employs locals. Most of my family owns some kind of restaurant chain or leases to them.
 
Southwest Down 70% | CEO Gives Clear Assessment

KEY POINTS:
  • “Our business currently is down roughly 70 percent.”
  • “If we were to reduce our 60,000-strong workforce by 70 percent, we’re talking about a loss of 42,000 jobs.”
  • “If things are still this bad in the fourth quarter, and we’re continuing to lose $20 million dollars a day, we can all quickly see we have very few options.”
  • Referring to participation in the voluntary leave programs, Mr Kelly said, “we want to get as many volunteers as we possibly can.”
  • “There will not be another offer. This is it, and this one will expire on July 15.”
  • “Our business remains far below what is sustainable to support 60,000 jobs.”
  • “The pandemic is surging, not receding, and this increases the threat of furloughs.”
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Roger Roger said:
Well, Elon said zero cases by April, and Donnie still says it will just disappear.
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Well, we all know that Donnie is an idiot. Elon just wanted to be allowed to build cars. And as someone who just took delivery of a car built in that Kalifornia factory, I'm glad he pushed back. :) But I certainly don't think he actually believed that nonsense about April.
 
SlumTodd_Millionaire said:
Well, we all know that Donnie is an idiot. Elon just wanted to be allowed to build cars. And as someone who just took delivery of a car built in that Kalifornia factory, I'm glad he pushed back. :) But I certainly don't think he actually believed that nonsense about April.
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Dunno bro, Elon says he supports Kanye for 2020. Explain that one away for me. . .
 
Ayork62493 said:
I’m certainly not counting on it and I’m torn on it even if were to occur.
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Unpopular, but Congress needs to take some action here, not the Fed. The Fed's response has been nothing short of stellar, in fact, and has likely prevented a complete collapse (again; 2008 was a great time to be in a class on public finance and all I had to do is grab e.g. Bull By The Horns off the shelf) of the financial system—loathe as I am to admit how important that is, it is critically important. The fact that the stock market appears to be drunk AF right now notwithstanding, the relative health of the financial system must be preserved.

What the Fed cannot do is the sort of things that the Congress can: like backstop the airline payroll, extend a credit facility to backstop state budgets, provide the Pandemic UI payments, and the like. Those latter two things are absolutely essential. The former item is less essential in the grander scheme, despite how essential it is to all of us—and that's why I'm happy we have Government Affairs. And, honestly, AFA's loose-cannon advocacy, and The Squad. That stuff in CARES would not have happened the way it did without the progressives.

(I doubt any of this was on their bingo cards.)
 
SlumTodd_Millionaire said:
I think he just likes attention. And messing with the shareholders while knowing that they can't do anything about it since the stock is up 200% this year seems to get him off, too.
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Good thing that he's got a GOP administration; the SEC would normally take a dim view of that, and do this thing called "enforcement" otherwise.
 
Autothrust Blue said:
Unpopular, but Congress needs to take some action here, not the Fed. The Fed's response has been nothing short of stellar, in fact, and has likely prevented a complete collapse (again; 2008 was a great time to be in a class on public finance and all I had to do is grab e.g. Bull By The Horns off the shelf) of the financial system—loathe as I am to admit how important that is, it is critically important. The fact that the stock market appears to be drunk AF right now notwithstanding, the relative health of the financial system must be preserved.

What the Fed cannot do is the sort of things that the Congress can: like backstop the airline payroll, extend a credit facility to backstop state budgets, provide the Pandemic UI payments, and the like. Those latter two things are absolutely essential. The former item is less essential in the grander scheme, despite how essential it is to all of us—and that's why I'm happy we have Government Affairs. And, honestly, AFA's loose-cannon advocacy, and The Squad. That stuff in CARES would not have happened the way it did without the progressives.

(I doubt any of this was on their bingo cards.)
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I’m just a pilot with a graduate degree. I’m not smart enough to comprehend this, and being 26 I haven’t been hit this hard before. But if it keeps me out of mum’s basement that’d be cool.
 
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