FLIGHT ATTENDANTS PILOTS AND ON
THE GROUND
AIRLINE WORKERS WILL FACE
FURLOUGHS AND LAYOFFS.
OCTOBER FIRST MARKS THE END OF
FEDERAL FUNDING FOR AIRLINES
AND PROTECTIONS FOR THEIR
EMPLOYEES WITH NO MOVEMENTS
FROM CONGRESS IN SIGHT. THE
COST IS TAKING TO SAVE THESE
JOBS. WE'RE JOINED NOW BY SARA
NELSON INTERNATIONAL PRESIDENT
OF THE ASSOCIATION OF FLIGHT
ATTENDANTS CWA AND
PETER, MCNALLY WHO IS THE
GLOBAL SECTOR LED FOR
INDUSTRIALS MATERIALS AND 3RD
BRIDGE. THANK YOU SO MUCH BOTH
FOR JOINING US HERE TODAY, SIR
I WANT TO KICK THINGS OFF WITH
YOU YOUR UNION REPRESENTS 10'S
OF THOUSANDS OF FLIGHT
ATTENDANTS. WHAT KIND OF
DISCUSSIONS ARE YOU HAVING WITH
THESE AIRLINES.
>> WELL WE'RE COMPLETELY UNITED
WITH THE AIRLINE.
WHEN WE PUT TOGETHER A THE
FIRST WORKERS FIRST PACKAGE THE
CARES ACT
IN MARCH INCLUDED A PROVISION
THAT WAS A
PAYROLL SO POR PROGRAM FOR THE
AIRLINES AND WHAT WE SAID WAS
LISTEN. THE THE PUBLIC IS NOT
GOING TO PUT UP WITH JUST
GIVING THE AIRLINES BY AND
LETTING YOU DECIDE HOW TO USE
IT. THIS HAS TO BE CRAFTED SO
BIG CAN ONLY GO TO SUPPORTING
WORKERS JOBS.
IT'S KEEPING US CONNECTED TO
OUR HEALTH CARE THERE HAS TO BE
A RETURN TO THE PUBLIC FOR IT,
YES KEEPING US OFF OF PUBLIC
ASSISTANCE KICKING KEEPING US
IN OUR JOBS AND CONNECTED TO
OUR HEALTHCARE IS EXACTLY WHAT
WE NEED DURING A PANDEMIC NOT
TO MENTION THE FACT.
IT'S CRITICAL INFRASTRUCTURE
AND SO THERE HAS TO BE A
REQUIREMENT AS WELL TO CONTINUE
SERVICE TO ALL OF OUR
COMMUNITIES. ALL OF THOSE
REQUIREMENTS IN ADDITION TO A
CAP ON EXECUTIVE COMPENSATION,
A BAN OF STOCK BUYBACKS AND
DIVIDENDS.
SYSTEMS RUNS OUT TONIGHT AT
MIDNIGHT.
BECAUSE WE'RE
STILL RIGHT IN THE MIDDLE OF
THE CRISIS EVERYONE HOPED WOULD
BE IN A DIFFERENT PLACE WHEN WE
DID THIS IN MARCH, WE'RE NOT
ALL THE AIRLINE
INDUSTRY HAS ONLY RECOVERED TO
ABOUT 15% OF THE REVENUE THAT
IT HAD A YEAR AGO AND
SO WE NEED TO EXTEND THIS TO
GET TO A BRIDGE WHERE WE'RE
CLOSER TO A VACCINE A TESTING
REGIMEN AND THE ABILITY
TO RECOVER FROM.
>> THERE'S ABSOLUTELY AND PETER
US CARRIERS THEY HAVE AVOIDED
THE HARD RESTRUCTURING
TO DATE. DO YOU THINK THIS
COULD CHANGE IF THE DEADLINE IS
NOT EXTENDED.
>> BUT IT COULD
BUT YOU KNOW TO THE POINT
EARLIER DEMAND JUST SIMPLY
HASN'T RECOVERED. AS QUICKLY AS
HOPED WHEN THE ORIGINAL FUNDS
WERE PUT IN PLACE.
>> YES,
>> YOU KNOW UNTIL WE GET MORE
BUSINESS TRAVELERS
LONG-HAUL INTERNATIONAL.
>> FLIGHTS HAPPENING OUT OF THE
UNITED STATES. YEAH WE'RE
JUST GOING TO BE MORE FUNDS TO
KEEP THE JOBS
IN PLACE.
>> IT'S SUCH A MOVING TARGET
AND THIS YOU KNOW OPEN TO BOTH
OF YOU AS WE
THINK ABOUT WHEN AIRLINES WILL
GET BACK TO FULL CAPACITY SARA
AS YOU MENTIONED IT CERTAINLY
DOES HINGE ON A
FEW THINGS. ONE THE PUBLIC
TRUST AND GETTING BACK ON SOME
OF THE AIR AIRLINES KNOWING
THAT THERE IS NOT A VACCINE.
READILY AVAILABLE RIGHT NOW AND
DISTRIBUTED AND ACCESSIBLE AND
SO WHEN THERE IS A VACCINE IN
PLACE WHAT DO YOU BELIEVE THAT
WE WILL SEE FROM THE CONSUMERS
OUT THERE WHETHER THEY BE
TRAVELERS WHO ARE JUST LEISURE
HOUSEHOLDS OR BUSINESSES THAT
REALLY COUNT FOR THE MAJORITY
OF THE PROFITS FOR MAJOR
AIRLINES AS WELL.
>> WELL LET'S BE REALLY CLEAR
AMERICANS CANNOT TRAVEL TO% AND
MOST COUNTRIES.
>> AROUND THE WORLD RIGHT NOW
SO WE'VE GOT VERY LITTLE
INTERNATIONAL TRAVEL AS WELL
WHICH IS USUALLY A LARGE
PORTION OF THE REVENUES.
IS FOR PEOPLE TO GET THROUGH
THIS CRISIS RIGHT NOW HAVE THE
VIRUS MORE CONTESTS BUT WE ALSO
NEED TO HAVE A REASON FOR
PEOPLE TRAPPED. TODAY THEY ARE
NOT TRAVELING BECAUSE WE'RE NOT
HAVING THESE BUSINESS MEETINGS
WERE NOT HAVING THE CONVENTIONS
WE DON'T HAVE. PEOPLE TO TRAVEL
TO PLAY
AS FOR RESTAURANTS ARE OPEN
WHERE THINGS ARE HAPPENING
WHERE RESORTS ARE OPEN THERE
IS NO AND NEED FOR PEOPLE TO
TRAVEL SO IT IS ABOUT THE
CONCERN ABOUT THE SAFETY.
BUT FRANKLY, THE AIRLINE
INDUSTRY HAS DONE A REALLY GOOD
JOB WITH US OF CREATING AN
ENVIRONMENT THIS VERY
CONTROLLED WE HAVE OF COURSE
THE REQUIRED MASK POLICIES IN
THE
ENFORCEMENT AROUND THE
ADDITIONAL CLEANING PROCEDURES
THAT HAVE A FILTRATION WHICH
MAKES IT SAFER AND BEING IN AN
OFFICE BUILDING FOR EXAMPLE,
AND SO ALL
OF THAT SAFETY PROCEDURES HAVE
BEEN PUT IN PLACE IN SOME OF
THE PEOPLE ARE STARTING TO
LEARN ABOUT THAT, BUT THE
DEMAND FOR AIR TRAVEL IS NOT
HAPPENING BECAUSE OUR ECONOMY
IS NOT OPEN WITH THESE
OTHER SECTORS UNTIL WE GET THE
VIRUS AND WE GET A TESTING
REGIMEN. WHICH COULD ALSO BE A
SOLUTION.
THE AIRLINE INDUSTRY WAS THE
FIRST HIT. WE'LL PROBABLY BE
THE LAST COMING OUT, BUT IF WE
DON'T KEEP EVERYONE IN PLACE
ALL THESE CERTIFIED SAFETY
PROFESSIONALS WITH SECURITY
CLEARANCES IF WE DON'T KEEP ALL
OF US IN PLACE.
TO BE ABLE TO REBOUND OUR
ECONOMY RIGHT AWAY BECAUSE THE
AIRLINE INDUSTRY WILL NOT BE
ABLE TO RENT.
>> NOT TO MENTION
SOME OF THE RESTRICTIONS EVEN
WHEN YOU DO TRAVEL RIGHT NOW
THERE ARE STILL DEPENDING UPON
WHERE YOU'RE GOING TO
AND FROM THERE'S A 14 DAY
QUARANTINE PERIOD THAT SOME OF
THOSE LOCATIONS ARE ASKING FOR
AND THAT YOU ACTUALLY HAVE TO
SIGN OFF ON AS WELL WHEN YOU
LAND. PETER, WE DO KNOW THAT
THE FUNDS APPROVED IN APRIL AND
MARCH THEY'VE ASSUMED ASSUMED A
V-SHAPED RECOVERY CENTER WAS
MENTIONING A MOMENT AGO THAT
HAS NOT HAPPENED
BUSINESS TRAVEL IS BEING EVEN
SLOWER THAN LEISURE TO BOUNCE
BACK IF DEADLINES ARE EXTENDED
OR A NEW DEAL
IS REACHED. HOW DO WE START TO
REALLY ENGAGE SOME OF THE
BUSINESS TRAVELERS LATER ON
DOWN THE LINE.
>> WELL THAT'S A VERY LONG-TERM
QUESTION THAT IS THAT STILL
REMAINS TO BE
YOU KNOW THE BIGGEST SHIFT THAT
WE HAVE SEEN IN ITS 3RD RANGES
THE DAYS, THE PEOPLE ARE
TRAVELING ON SUNDAY IS NOW
FAR AWAY. THE MOST POPULAR
DAY AND TUESDAYS AND WEDNESDAYS
AND DROPPED IN TO US THAT TIME
IS THAT BUSINESS TRAVEL HASN'T
COME BACK SO OF THE TRAFFIC
THAT WE'RE SEEING. IT'S JUST
NOT AS PROFITABLE FOR THE AIR.
IT'S THE AIRLINES DID THIS
SUMMER'S SEEK OTHER FORMS OF
FINANCING PARTICULARLY IN IN
THE CAPITAL MARKETS, YOU'RE NOT
JUST RELYING AND
GOVERNMENT FUNDS AND THERE IS
A LOT YOU COULD IT BE THAT
THESE AIR BUT CERTAINLY IN
ORDER TO PROTECT THESE JOBS,
YOU KNOW THE TEARS TALKING
ABOUT. MORE FUNDS ARE GOING TO
BE NEEDED UNTIL WE GET TO THIS
YOU KNOW A REAL RECOVERY WHICH
COULD BE YOURS
AND ADDRESS.
>> AND THEN JUST LASTLY I WHILE
WE HAVE YOU SARA I DO WANT TO
ASK ABOUT SOME OF THE NEWS OF
THE DAY PARTICULARLY AS WE'RE
THINKING ABOUT. YOU KNOW BEYOND
RIGHT NOW NOW AND WHAT WE'RE
SEEING NEEDING TO BE WERE
THROUGH WITH MORE FUNDING TO
SECURE SOME OF THESE JOBS FROM
BEING LAID OFF PERMANENTLY, BUT
THEN EVEN
FURTHER OUT THE F A A DOING ITS
OWN DUE DILIGENCE AROUND THE
BOEING 7.37 WHERE DOES THE
UNION STAND RIGHT NOW
IN THOSE CONVERSATIONS WITH
REGARD TO THE NUMBER OF WORKERS
THAT ARE ALSO GOING TO NEED TO.
SIGN OFF TO WORKING ON THE 7.37
MAX ONCE THAT'S APPROVED TO GO
BACK TO THE SKIES AS WELL.
>> WELL THE 7.37 MAX IS GETTING
A HARD LOOK FROM THE
TRANSPORTATION INFRASTRUCTURE
COMMITTEE. THEY ARE DOING THEIR
DUE DILIGENCE AND IN FACT I
BELIEVE THERE WAS A YEAR.
A VIRUS RELIEF PACKAGE TO COME
TOGETHER AND WHAT I WAS HEARING
BEFORE WE GOT STARTED HERE IS
THAT THESE TALKS ARE STALLED
WHEN IN FACT.
THE AMOUNT OF ACTIVITY THAT IS
TAKING PLACE BETWEEN THE
SPEAKER AND THE WHITE HOUSE.
AND THINGS ARE MOVING VERY
QUICKLY BECAUSE EVERY ONE HAS
SUDDENLY WOKEN UP.
RURAL COMMUNITIES THAT IS GOING
TO SLOW DOWN THE MAIL IT'S
GOING TO SLOW DOWN THE ABILITY
FOR VETERANS TO GET THEIR
MEDICINES. IT IS GOING TO CAUSE
A RIPPLE EFFECT OF JOB LOSS
BECAUSE FOR EVERY ONE AVIATION
JOB THERE.
EVERY AVIATION JOB SUPPORTS ONE
IN 14 JOBS IN THIS COUNTRY.
SO WHEN YOU START TO UNRAVEL
THAT CREATES A BIG PROBLEM AND
WHEN YOU HAVE SUCH A SUCCESSFUL
JOBS.
HAVE PEOPLE IN THEIR JOBS
CONNECTED TO THEIR HEALTH CARE
IN THE MIDDLE OF THIS PANDEMIC
RATHER THAN PUT.
ASSISTANCE THAT WOULD COST MORE
AND GET LESS SECURITY. THIS IS
SUCH A BETTER.
THIS IS REALLY DRIVING THE
OVERALL CONVERSATION PERK.
THEY WILL COME TO EITHER
TONIGHT OR TOMORROW AND
NEGOTIATIONS CAN COME TOGETHER
VERY QUICKLY WHEN 2 PARTIES
WANT TO REACH A DEAL.
GOING TO BE BECAUSE OF THESE
AIRLINE JOBS AND THE DESIRE
NOT.
>> SO SARA NELSON WHO'S THE
INTERNATIONAL PRESIDENT OF THE
ASSOCIATION OF FLIGHT
ATTENDANTS THANK YOU SO MUCH