PPRuNe Forums - View Single Post - Warren Buffett sells $6 billion in airline stock
Old 3rd May 2020, 16:05
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Airbubba
 
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Originally Posted by mngmt mole
...perhaps these number from A Major US Carrier will explain the depth of disaster the airlines around the world are experiencing. Multiply this by all the other US carriers, and then extrapolate onto the European airlines etc...
And this is only the initial displacement bid in a seniority based system. More to follow...

The European carriers and the expat carriers can do 'redundancies' out of seniority order and unlike a U.S. airline furlough, there is no guarantee of being rehired if things ever pick back up. Or, as BA suggests for an opener, sack everyone and rehire them at greatly reduced wages and benefits. If at all.
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