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Non-Tech : Airline Discussion Board

JETS 25.69

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Nov 12 4:00 PM EST

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Moonray

To: Moonray who wrote (1400)	10/6/2020 7:34:16 PM
From: Sam	1 Recommendation of 1868

Southwest flight attendants push back against call for pay cuts Oct. 6, 2020 6:13 PM ET\|About: Southwest Airlines Co. (LUV)\|By: Carl Surran, SA News Editor Southwest Airlines' (NYSE: LUV) flight attendants union rejects management's call for negotiated pay cuts to avoid furloughs, instead urging more federal aid. Before "cracking open the contracts that took us decades to obtain," the union wants to ensure that no stone has been left unturned, one local president tells Reuters, also noting flight attendant concessions may not have a large material impact on Southwest's daily cash burn. Nearly a third of Southwest's flight attendants already have agreed to voluntary departure or leave packages that will help reduce the company's payroll costs. U.S. airlines are burning through millions of dollars every day as demand hovers at ~30% of 2019 levels and revenues remain deeply depressed. D.C. lawmakers have failed to agree on a second COVID-19 stimulus plan and some airlines have started furloughing thousands of employees; Pres. Trump said today he was calling off stimulus talks until after the election. seekingalpha.com

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