Please do some research on the Washington Times.
Furlough Estimates
- Thread starter ZapBrannigan
- Start date
Please do some research on the Washington Times.
tcco94
Future GTA VI Pilot
In 10 years we will use the garlic bread reference to new FO'S in the cockpit and they will have no idea what we are talking about. #JCFamily #CoronaFamily
KeithLewis900
New Member
When it comes to emergency savings, how much do you all have? 6 months? 12?
Skåning
Well-Known Member
We enough cash for 18 months of me being out of a job, and my wife works too. Then if i took a loan on the 401k that’d be another 18 months. If it came to that I’d just sell one of our cars and get a clunker then go get a hourly job doing something.
We were happy when we started out in a one bedroom apartment in Glendale, CA. It had 70s brown shag carpet and we can always go back to that!
KeithLewis900
New Member
I'm jealous. I wish I planned better. I expected a downturn but nothing this severe, this fast. By October I should have 6-8months of expenses. I have a fat 401k but I don't want to touch that.
GypsyPilot
Mohawk Town
I bumped it up to 24 months temporarily, and have no debt. I'm very lucky to have that option right now, and if I have a job in six months I'll be using a good portion of this savings for a down payment on property.
BigZ
Well-Known Member
Wrote this yesterday, but I guess forum crapped out temporarily. Or my connection, dunno
Don’t get me wrong, even at the regional level this is the best job ever. But I’m senior in my seat and I live in base. Plug some hell hole, commuting to sit standby or rot in a crash pad - I’d have to re-evaluate that assessment.
Project management, from IT to government stuff, naval architect - yachts were fun. Designing plumbing on oil rig supply boats in 2009 wasn’t that much fun, but paid the bills and paved the way to own aircraft acquisition and export business, but that’s a 24/7 gig.
Don’t get me wrong, even at the regional level this is the best job ever. But I’m senior in my seat and I live in base. Plug some hell hole, commuting to sit standby or rot in a crash pad - I’d have to re-evaluate that assessment.
ZapBrannigan
If it ain’t a Boeing, I’m not going. No choice.
We have no debt other than the mortgage, and cash to last at least two years plus the wife works full time. That's because I'm a cheapskate from multiple furloughs and a brief bout of homelessness in 98.
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tcco94
Future GTA VI Pilot
Your seniority isn't even close to the danger zone, is it?
5000 out of 14,000. If it goes down that far, America’s got bigger problems than waiting for a (never-going-to-come-in-that-situation) recall.
Der_Meister
Well-Known Member
Not sure where they get their koolaid from but it's very strong for that one. I dispise them.
Also I'm firmly in the lower 2500 on the SJI list. So I'm fully expecting UNA and a 20/hr pay cut come July 1st, not to mention no pay past Dec 31st 2020. It's going to be ugly for SJI when those of us that got pushed to the streets come back.
ZapBrannigan
If it ain’t a Boeing, I’m not going. No choice.
How much do you suppose a major airline could shrink and still remain an enterprise? 30%? 50%?
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I don’t pretend to know, that’s far out of my wheelhouse!
The last airlines that tried to shrink to profitability, I believe, was TWA. And before that Pan Am. And it didn’t go well in any case post-regulation.
It seems like every ten years, with near-Swiss Timing, the industry reaches a peak and then immediately craps the bed. 70 was a bad year, 80 was a bad year the early 90’s sucked, 01 sucked, merger-a-palooza in the 10’s and now but dat Covid tho.
I have no answers.
AAPalmTree
Well-Known Member
I get confused when people ask this. Cash, investments, retirement?
AAPalmTree
Well-Known Member
Is “downside” code for move to the Bahamas and bartend at a tiki bar?
Whoops, I meant “downsize”. I’m a lazy typer.
I figure between home value versus what’s owed on it, plus savings/investments/retirement/real estate, I could disappear to the Goose Island and live like Dr. Stephen Falken/Robert Hume and watch it all burn from a distance!
I could disappear to the Goose Island and live like Dr. Stephen Falken/Robert Hume and watch it all burn from a distance!
Spin up the missiles in the bullpen. Flush the bombers. Get me SAC on the horn....
Screaming_Emu
Joe Conventional
Profact. I have zero people on my ignore list. Instead, I apply my own standard. I have a certain angle of eye roll while formulating a response to @Cherokee_Cruiser before I nope out.