Are things going to improve after this layoff?
With everywhere around the world reopening, AA increasing flights, a positive jobs report, the stock market booming, and the President saying the virus is finished... it all sounds like rainbows and unicorns.
I also hear a lot of worries about a second wave of infections and in many places the first wave never even slowed its increasing let alone started to decrease.
Are we almost finished this or barely even started?
@2epu+15kVsN72 it is more complicated than "more tests just equals more infections FOUND not more infections". The percentage of positive tests in Texas has been increasing for the past couple of weeks too. The percentage of positive tests is the most important thing.
The number of confirmed infections is increasing because more tests are being done but also because recently a higher percentage of those tests now have positive results. A higher percentage now have positive results because more people are infected now.
Unfortunately it is getting worse in Texas not better. In a couple of weeks there will be a huge increase in infections due to the lack of distancing during the recent protesting.
No, things will not improve after this layoff or the next or the one after that.
Sabre is totally screwed. Bookings are down and will not return to 2019 levels for years. That hurts TN and AS. That PB pricing model was a thing of genius - NOT!
Airlines will go out of business with unpaid invoices. And good luck finding an airline that hasn't cut their capital project budget to zero.
@jsx+15kVsN72, face it, you have no clue. Too many variables. I hear JC Penney has a good bit of activity on their board. Go troll them, Poindexter.
Besides the disease (which I agree is close to the end) the company wont recover soon.
Until now SM was only consistent on the bad new (for employees). Remember he mentioned 2 months ago that Sabre should have a 30% reduce. The 800 hundred to be impacted on monday is not the end. Though the year at least 2 thousand more would be impacted. The new structure would be defined and it makes sense not firing all now but it would happen before EOY.
If you are not impacted on monday dont relax, assume its highly probable you would be anyway.
What is your chance of getting infected and then what is the chance of dying if infected?
Unless you are independently wealthy or on a government payroll, many people will lose their homes if locked indefinitely.
Will take time to get to new normal for business travel and that new normal will be below old normal.
Capacity back but not sure about passenger numbers... Which is what drives revenue.
The trend is clearly up for the moment but keep in mind that trend upward is from a falloff that was so steep that the Great Recession looked like a slow gentle down-turn in comparison.
For many people the Sabre furlough will be a conversion to lay-off.
This is a restructuring lay-off, not the periodic lay-offs that Sabre was known for even when unemployment was near record lows.