The operative word being "possible". The other key phrase from the MEC update:
"However, this is all subject to negotiations and we will know more in the
weeks ahead."
Of course, considering Management's utter lack of a plan to generate revenue and get ATA out of it's financial bind, I'd say any furloughs are just the first in a wave to follow (remember - just an opinion).
The information coming out of the roadshows beginning yesterday is disheartening. The only gameplan they have is further cost-cutting, a reduction in the price of oil, and the failure of another carrier (USAir?) before we hit the brick wall.
The telling quote from our illustrious COO -
"Just look at these rates and tell me you aren't over paid".
Of course, he didn't bother to remove the L10 from the comparison against Jet Blue and Airtran (the L10's costs being completely covered by the military). Nor did he bother to factor in any profit sharing, or the 150% pay above guarantee that JetBlue enjoys.
The other telling info from the CEO himself when asked about ATA's chances if the pilots gave him a blank check......"50/50".
If the information given to us about ATA running out of cash in January is true...then I don't hold out much hope for the airline without a drastic restructuring.
What a senseless waste of good talent and potential.