Compass Updates - Saga Continues
11-02-2017, 11:35 AM
#8931
Gets Weekends Off
Joined APC: Oct 2017
Posts: 284
No one in the room or on the call from scheduling? SHOCKING!!! Why bother being held accountable for crapping all over the contract. No reserve grid? Errrrr, "I wasn't aware." Fluctuating reserve buffers as we see fit and not telling anyone. Meh, you don't need to know. Sigh......
11-02-2017, 11:57 AM
#8932
Gets Weekends Off
Joined APC: Mar 2017
Posts: 857
I think it’s even scarier then what you state here. Just running some rough numbers here.
Delta firing on all cylinders does about a 13 percent net income margin (AA and UA) even worse.
Given deltas margin at the time of sale to compass where around 7 percent my guess is the max they would have allowed CP of all metrics are met are Cost(at the time plus) 4 percent. Pilot costs alone do to recruiting and pay have gone up substantially higher then 4 percent in that time. In addition MX costs have risen given the age of the fleet.
Result = TSH or CP may no longer in the current environment be profitable. They may want to deliver on all promises or fix the issues in the grievance but the capital may not even be there. Given the private nature of the business there is no real financial transparency but I suspect the balance sheet is no longer viable or sustainable.
I don’t think a CP lifer is even a possibility
Delta firing on all cylinders does about a 13 percent net income margin (AA and UA) even worse.
Given deltas margin at the time of sale to compass where around 7 percent my guess is the max they would have allowed CP of all metrics are met are Cost(at the time plus) 4 percent. Pilot costs alone do to recruiting and pay have gone up substantially higher then 4 percent in that time. In addition MX costs have risen given the age of the fleet.
Result = TSH or CP may no longer in the current environment be profitable. They may want to deliver on all promises or fix the issues in the grievance but the capital may not even be there. Given the private nature of the business there is no real financial transparency but I suspect the balance sheet is no longer viable or sustainable.
I don’t think a CP lifer is even a possibility
11-02-2017, 12:03 PM
#8933
Gets Weekends Off
Joined APC: Jul 2014
Posts: 162
So.....if another company did buy us, would that mean that Compass pilots would be out on the street? I wonder how that would play out.
11-02-2017, 12:07 PM
#8934
Gets Weekends Off
Joined APC: Sep 2014
Posts: 1,186
Do your research. When Alaska bought virgin, were tho pilots out on the street? Or southwest buying AirTran, or Skywest or xjt. It all gets merged
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11-02-2017, 12:09 PM
#8935
Gets Weekends Off
Joined APC: Jul 2014
Posts: 162
Ok.....if that's the case maybe it wouldn't be such a bad thing
11-02-2017, 12:15 PM
#8937
Gets Weekends Off
Joined APC: Mar 2017
Posts: 857
That was my first thought too! Some dude strategically implanted that idea in their head a few days ago for sure. I think she even posted it on Facebook. I've convinced some FAs one of the American planes is haunted by a worker that died putting in the NGI seats so let's keep that going.
11-02-2017, 12:18 PM
#8938
Gets Weekends Off
Joined APC: Jan 2016
Posts: 106
This Skywest rumor has about as much substance as that Hawaiian flow.
11-02-2017, 12:24 PM
#8939
Gets Weekends Off
Joined APC: Jul 2014
Posts: 162
When I interviewed last month it was "a flow is in the works with somebody, Seattle is going to experience substantial growth, and Phx should be obtainable shortly after training.....plus reserve times were going to be almost unheard of"
11-02-2017, 12:34 PM
#8940
Gets Weekends Off
Joined APC: Jun 2015
Posts: 1,107
That was my first thought too! Some dude strategically implanted that idea in their head a few days ago for sure. I think she even posted it on Facebook. I've convinced some FAs one of the American planes is haunted by a worker that died putting in the NGI seats so let's keep that going.
Spit out my beer at that one. Thanks a lot.
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