Originally Posted by
Oasis
A's newsletter.... basically nothing new under the sun.
Burning 2 billion a month and no new action.
Force more unpaid leave or we find ourselves on the street at the end of the year, none of this pussyfooting around.
It's not going to turn around any time soon. 4000 pilots when we need 200, same with the cabin crew.
It's time to act.
I would probably suggest choice of
Early retirement package; probably 2 years - ish pay with insurance or perhaps 3 without. For tax and cash flow purposes this could be paid monthly over the term. Clean break.
6 months to 12 months leave at half salary retaining seniority, a portion of vacation leave, and insurance
3 months unpaid leave retaining benefits and insurance.
Give it a few weeks for takers and let the layoffs begin.