It's going to be a while I would guess. Jazz currently has 675 pilots "inactive" which all need to come back on the property before Jazz will "hire" again. Also the only reason Jazz was really hiring was due to the shortage at AC which has now gone away. AC has many pilots furloughed which all need to be recalled before they hire again. So until you see AC hiring, you won't really see Jazz hiring for the foreseeable future. Jazz has an average of 33.6 pilots per year who are reaching 65 in the next 5 years. 168 to reach 65 by 2024. Even retirement/attrition doesn't account for the kind of hiring we've seen over the past 5 years. Personally I think we're going back to the 1-3 GS's a year like it was pre 2015 (at least for a little while).
I know some airlines have reduced blocks, but those still holding the (reduced) blocks...is there much flying at the moment? What about guys/girls on RSV?
I certainly hope that the cessation of lay-off mitigation will coincide with a uptick in flying. I also hope that further layoffs won’t be required and we can start on the road to recovery. With this being said, 6-8 months for a basic restart of the economy ( assuming there’s no resurgence of the virus) makes me inclined to worry. Then, when we add in the unemployment rate, debt loads and ( valid and inflated) fear I worry more.
Not sure where the Planespotters site gets their updates, but this snapshot of the number of Jazz planes currently in service has increased in the past six weeks since the last time I checked the numbers from that site (29 total aircraft in service on May 13th 2020)...maybe some good news...
- Jazz Fleet Matrix June 28 2020.png (57.16 KiB) Viewed 4465 times
https://www.newswire.ca/news-releases/a ... 82841.html
Air Canada Discontinues Service on 30 Domestic Regional Routes and Closes Eight Stations in Canada
Regional flying rationalized due to COVID-19 and government travel restrictions, part of airline's Cost Reduction Program to reduce cash burn
MONTREAL, June 30, 2020 /CNW Telbec/ - Air Canada said today that it is indefinitely suspending service on 30 domestic regional routes and closing eight stations at regional airports in Canada.
These structural changes to Air Canada's domestic regional network are being made as a result of continuing weak demand for both business and leisure travel due to COVID-19 and provincial and federal government-imposed travel restrictions and border closures, which are diminishing prospects for a near-to-mid-term recovery.
As the company has previously reported, Air Canada expects the industry's recovery will take a minimum of three years. As a consequence, other changes to its network and schedule, as well as further service suspensions, will be considered over the coming weeks as the airline takes steps to decisively reduce its overall cost structure and cash burn rate.
A full list of route suspensions and station closures is below.
As a result of COVID-19, Air Canada reported a net loss of $1.05 billion in the first quarter of 2020, including a net cash-burn in March of $688 million. The carrier has undertaken a range of structural changes including significant cost savings and liquidity measures, of which today's announced service suspensions form part. Other measures include:
A workforce reduction of approximately 20,000 employees, representing more than 50 per cent of its staff, achieved through layoffs, severances, early retirements and special leaves;
A company-wide Cost Reduction and Capital Deferral Program, that has to date identified around $1.1 billion in savings;
A reduction of its system-wide capacity by approximately 85 per cent in the second quarter compared to last year's second quarter and an expected third quarter capacity reduction of at least 75% from the third quarter of 2019;
The permanent removal of 79 aircraft from its mainline and Rouge fleets;
And raising approximatively $5.5 billion in liquidity since March 13, 2020, through a series of debt, aircraft and equity financings.
Further initiatives are being considered.
The following routes will be suspended indefinitely as per applicable regulatory notice requirements. Affected customers will be contacted by Air Canada and offered options, including alternative routings where available.
Maritimes/Newfoundland and Labrador:
Deer Lake-Goose Bay;
Deer Lake-St. John's;
Goose Bay-St. John's.
Baie Comeau-Mont Joli;
Gaspé-Iles de la Madeleine;
The following are the Regional Airports where Air Canada is closing its stations:
Bathurst (New Brunswick)
Wabush (Newfoundland and Labrador)
Baie Comeau (Quebec)
Mont Joli (Quebec)
Val d'Or (Quebec)
North Bay (Ontario)
About Air Canada
Air Canada is Canada's largest domestic and international airline. Canada's flag carrier is among the 20 largest airlines in the world and in 2019 served over 51 million customers. Air Canada is a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax, which also named Air Canada the 2019 Best Airline in North America. For more information, please visit: aircanada.com/media, follow @AirCanada on Twitter and join Air Canada on Facebook.
SOURCE Air Canada
I would take the corporate job. If Jazz calls you back before the bond is up you can defer your recall. No one knows how long this will last. My guess is no Jazz recalls until spring 2021 at the earliest.Ride_the_waves13 wrote: ↑Sun Aug 02, 2020 12:33 pm Of the 675 pilots placed on inactive status, i was roughly #500. Had 2 and a half years with jazz. Now if i were offered a corporate gig with good pay and all, but a 2 year bond, should i take it? Or do you think ill get called back within 2 years??
I would 100% take the job as we have no clue how long this all is going to last.Ride_the_waves13 wrote: ↑Sun Aug 02, 2020 12:33 pm Of the 675 pilots placed on inactive status, i was roughly #500. Had 2 and a half years with jazz. Now if i were offered a corporate gig with good pay and all, but a 2 year bond, should i take it? Or do you think ill get called back within 2 years??
Is there even a game plan other than survival ?