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Aviation Industry News

Aviation Industry Updates: April 8, 2020

By Industry News

How Long Will Us Airlines’ Cash Last? It Depends on the Carrier

KEY POINTS:

  • The industry has enough cash to cover its bills for an average of 7.9 months, the report on April 5 finds.
  • The analysis finds that American Airlines only has enough cash to cover only about 4.8 months of expenses while regional SkyWest Airlines has cash to cover nearly a year.
  • “…why [are] many airlines, to the annoyance of numerous travelers, are issuing certificates for the value of cancelled trips rather than offering refunds. The goal is to hold onto as much as cash as possible.” Read More

Aviation Industry Updates: April 5, 2020

By Industry News

Skeleton Schedules | Voluntary Temperature Monitoring
Plus More – Briefings From Union and Airlines Leadership

KEY POINTS:

  • In a letter penned on April 2nd, Delta’s SVP of Flight Operations John Laughter writes, “with essentially no passenger revenue, and even with all of the cash savings measures we’ve already taken, our spending over the next three months is almost $5 billion. That’s roughly the equivalent of the entire federal assistance we expect to receive… This one-time cash infusion from the Federal Government helps us in Q2, but in Q3 and beyond we are on our own. Click here to read his full letter to Delta pilots.
  • Here’s the highlights from Scott Kirby’s United employee town hall briefing: United spends $1 billion a month on payroll. They expect to get a little north of $5 billion in grants. That gets the company through September/October. The goal in the October timeframe is to have a cash burn of zero (that does not mean profit). If demand is still down 50% then costs will have to obviously be reduced to compliment demand.
  • Concerned bailout money may be misused, ALPA and Teamsters penned a letter to Steve Mnuchin, Secretary of the Treasury, on April 3rd. Wanting to ensure federal funds are quickly released, get to employees wallets, and are subject to oversight, union leaders plead their case to have the Secretary step in quickly and clarify certain CARES Act language. Click here to read the full letter including all of their requests. Read More

Weekly Aviation Industry Updates: March 29th, 2020

By Industry News
Now is not the time for counterfeit sincerity or selling products and services. It is, however, the time for us to collectively figure out how to calm down, avoid hurting each other, and start getting ready to pick up the pieces when this is all over. On that note, how do we make safe decisions in the midst of chaos? How do we know we’re making the right decisions? What are 5 things you can start doing immediately to protect yourself, your family, and your livelihood?

This week, like last week, has brought increasingly disastrous news with a few glimmers of positivity. Here’s the latest:

**Information is constantly changing, and we will continue to update as we progress** Read More

Weekly Aviation Industry Updates: March 23rd, 2020

By Industry News
I know your inbox and social is getting filled with fake messages of caring and positivity. The reality is, this situation is a disaster and now is not the time for counterfeit sincerity or selling products and services. It is, however, the time for us to collectively figure out how to calm down, avoid hurting each other, and start getting ready to pick up the pieces when this is all over. We must shift our focus off the cripplingly bad news and onto getting reliable access to accurate information that will guide us in taking decisive action…when the time is right. Right now, our sole goal at Raven Careers is to get you trusted information as this situation continues to develop.

This past week has been a complete sh*t show when it came to aviation industry news. Here are some examples:

**Information is constantly changing, and we will continue to update as we progress** Read More