10.8.20 Southwest wants pay cuts, not layoffs; Beware payroll advance apps

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 8 October 2020

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Southwest asks employees to accept pay cuts to avoid furloughs. The airlines and the travel industry as a whole are having a really hard time anticipating demand as consumers wait until the last minute to book airfare. Different apps now allow Americans access to their paychecks ahead of time. But these apps are a bad idea and can cause you to live not just paycheck to paycheck, but day to day. Want more money advice? Sign up for Clark’s free daily newsletter! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Welcome aboard this Air France podcast message.
0:04.4	Air France and its crew invite you to discover its business class cabin, where you can enjoy
0:10.0	a gourmet meal during your flight.
0:12.6	You will taste an exclusive menu created by the greatest French chefs and discover one
0:17.3	of the most prestigious wine and champagne lists.
0:20.5	Air France wishes you a delicious podcast.
0:23.4	Elegance is a journey.
0:25.2	Air France.
0:26.5	Book your business class tickets now at AirFrance.co.uk.
0:29.9	Great to have you here on the Clark Howard show where it's about you learning ways to save
0:40.9	more and spend less and don't let anyone ever rip you off.
0:46.1	I booked my daughter to come home from college for Thanksgiving and she goes to college
0:54.6	across the country so she's flying not driving.
0:59.7	And within a week of having booked her, there have already been two schedule changes.
1:07.3	And the reason is that bookings for airlines have absolutely evaporated recently and so
1:16.6	airlines are dramatically drastically cutting their flight schedules for particularly for
1:23.8	November and December and they're taking this almost week by week.
1:27.7	One of the things that has stunned airlines is a huge percent of their passengers that
1:34.0	are the leisure passengers would book their flights typically six to twelve or more weeks
1:41.2	out.
1:42.5	You know now almost all bookings are two weeks out or less.
1:49.1	And so imagine you're trying to figure out how many employees you need, how many aircraft
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Clark Howard, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Clark Howard and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.