Judging by the early retirements and long term leaves totaling 24% (around 2350) my estimate was pretty close.
The question is whether that was enough, or do they need to cut deeper come January?
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From the earnings call the other day it sounds like they are feeling pretty good about the take rate of the pilot group.
This is from the VP of corporate services.
“The 4,400 voluntary separations represent 7% or so of the workforce -- of the active workforce, and the nearly 17,000 total between the two programs represent about 27% of the active workforce. And of the 12,500 request for an extended leave, over 60% are for a year longer. So the way I think about that, the combination of voluntary separation and leaves of a year or longer represent 20% of the active workforce was just a huge amount of flexibility. While the response from every group was really good, I do want to call out our pilots.
Because of the relative financial value, it was key to have them participate, and our pilots really came through, with over 2,300 electing one of the two programs, and that represents about 25% of all active pilots. And I'm just really proud of them, and I'm really proud of all of our employees. We will be granting all requests for separation, and the vast majority of those will be separated before September 30. Extended leave requests aren't perfectly balanced across the company as you would expect and the operation, so there's a little bit of work to do there.”
So for now it sounds like they are pretty happy with how things shook out. Plus GK has hinted that the next lever to pull will be some kind of pay/benefit concession talk with the unions before they pull the furlough trigger. So that will be the master warning light for preparing for the furlough.
I can tell you that I got my 2 year ExTO and will be enjoying the long hair unshaven hippie life starting in September.