FlyerTalk Forums - View Single Post - UA Announces Q1 2020 Financial Results 30 April / Conference Call 01 May
Old Apr 30, 2020, 7:56 pm
  #13  
EWR764
 
Join Date: Jan 2005
Location: New York, NY
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Originally Posted by spartacusmcfly
That's why I asked the question. I don't know how many employees it takes to run an airline with a minimal route structure. The big variable is how many point-to-point non stops UA brings back by Oct 1. Take one of their most popular routes EWR-SFO. They fly that 12-14x a day. Will it even be flying Oct 1? If so how many times? Maybe 1-2 per day... Barring a cure/vaccine, I think the staff reductions are significant.
Significant, but not to 90% of staff.

Yes, sure. $5B/165 days is $30M/day. Yes, it is good news.
There's one question I've never seen an answer to. What is the effect of voluntary LOAs on the payroll protection grant? Does UA only receive the funds to support employees remaining on the payroll? Delta had significantly more employees (I think 30-40k) take leaves... even if the CARES Act does not cover the full payroll, such a significant percentage of non-earning employees on the rolls should more than make up for the shortfall?
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