PPRuNe Forums - View Single Post - Virgin headed for another disaster, says REX chairman
Old 16th May 2020, 23:27
  #163 (permalink)  
coaldemon
 
Join Date: Jan 2004
Location: melbourne
Posts: 289
Likes: 0
Received 0 Likes on 0 Posts
Everyone will be taking haircuts in the post COVID world not just the Pilots or the Ground Crew. 20% less activity will mean that most businesses will be loss makers unless they can cut their costs by at least 30%. You may not see it in the cost of your latte but that is the way it will go in most industries particularly Tourism and support industries. Rolls Royce is having nightmares as the smarter ones in their 1,000 customers want a 20% cut to the TCA costs of their engines on A330's and A350's (not to mention the untimely end to the A380 and their engines on it) causing them to be instantly in a loss making position. There will be a lot of jobs going in Airbus, Boeing, GE and Rolls over the next few months. Race to the Bottom. Nope it is going to be who survives through this one and the recessions that are occurring around the world. Proper wages are a matter of relevance in the market. There will be many unemployed experienced Airline Pilots in the Asia Pacific area for the next few years. The employed ones will be the lucky ones.
coaldemon is offline