Any "Latest & Greatest" about Endeavor?
10-01-2017, 05:59 AM
Gets Weekends Off
Joined APC: Jun 2016
Posts: 139
It may make more sense to you personally, but make no mistake, we are a separate company with separate monies lended and returned or else the SEC would shut delta down. We have money in the bank and it is Deltas. I get it, sometimes this seems like a irrelevant thing to point out, but at some point the investors look at the money changing hands and say "endeavor isn't worth the hassel" and the Board, Investors and Executive Managment have shown the ability and desire in the past to lose a couple hundred million dollars just to scare the regional pilot groups. Comair made money and Delta excitedly shut it down just to show their dominance.
We still make a profit, but we're not Skywest. If they wanted to shut us down, make mainline work overtime, until they could dump everything into skywest or start a new wholly owned they would. We aren't important. But in the meantime we get rid of the bonuses in exchange for negotiated pay rates and soft pay enhancements.
Wish we'd gotten something closer to a flow. That Envoy deal looks better every day. Anyway, back to 18 days off.
10-01-2017, 06:02 AM
Gets Weekends Off
Joined APC: Sep 2010
Position: Up Front
Posts: 1,628
For all practical purposes you are correct. However, the lines between companies must be maintained (we may be the only wholly owned airline but not the only wholly owned company) and investors do not care about practicality, neither does the SEC or the BOD. Endeavor is a profit center for the airline Delta, which profits are put on their SEC filing to boost share value.
It may make more sense to you personally, but make no mistake, we are a separate company with separate monies lended and returned or else the SEC would shut delta down. We have money in the bank and it is Deltas. I get it, sometimes this seems like a irrelevant thing to point out, but at some point the investors look at the money changing hands and say "endeavor isn't worth the hassel" and the Board, Investors and Executive Managment have shown the ability and desire in the past to lose a couple hundred million dollars just to scare the regional pilot groups. Comair made money and Delta excitedly shut it down just to show their dominance.
We still make a profit, but we're not Skywest. If they wanted to shut us down, make mainline work overtime, until they could dump everything into skywest or start a new wholly owned they would. We aren't important. But in the meantime we get rid of the bonuses in exchange for negotiated pay rates and soft pay enhancements.
Wish we'd gotten something closer to a flow. That Envoy deal looks better every day. Anyway, back to 18 days off.
It may make more sense to you personally, but make no mistake, we are a separate company with separate monies lended and returned or else the SEC would shut delta down. We have money in the bank and it is Deltas. I get it, sometimes this seems like a irrelevant thing to point out, but at some point the investors look at the money changing hands and say "endeavor isn't worth the hassel" and the Board, Investors and Executive Managment have shown the ability and desire in the past to lose a couple hundred million dollars just to scare the regional pilot groups. Comair made money and Delta excitedly shut it down just to show their dominance.
We still make a profit, but we're not Skywest. If they wanted to shut us down, make mainline work overtime, until they could dump everything into skywest or start a new wholly owned they would. We aren't important. But in the meantime we get rid of the bonuses in exchange for negotiated pay rates and soft pay enhancements.
Wish we'd gotten something closer to a flow. That Envoy deal looks better every day. Anyway, back to 18 days off.
Shell game.
10-01-2017, 06:47 AM
Gets Weekends Off
Joined APC: Nov 2016
Posts: 2,558
Scheduled credit is based off of Scheduled Average Times, not block times. There’s a chart in the bid pack, it’s a 3 month moving average of actual leg times by aircraft. You actually get paid the greater of the SAT or your actual flown block.
10-01-2017, 06:56 AM
Gets Weekends Off
Joined APC: Nov 2016
Posts: 2,558
Seriously? With such a significant percentage of compensation being tied to a bonus, someone who is crediting 100 hours is making less per hour than someone who is crediting 75 hours. Just because you are making guarantee does not make your time more valuable than someone who is crediting over guarantee.
Happy now, chicken?
10-01-2017, 08:53 AM
:-)
Joined APC: Feb 2007
Posts: 7,339
Unfortunately, ALPA allows this condition to exist.
10-01-2017, 09:03 AM
Gets Weekends Off
Joined APC: Jun 2016
Posts: 139
ALPA doesn't have any magic powers or legal powers to disrupt legal corporate entities or their organizational models.
Maybe pilots should be more unified and they'd stop the regional model but mainline pilots have had that opportunity for decades and refuse to do anything about it. ALPA is made up of the pilots, represents pilots, and the pilots have spoken. When we make it to mainline maybe we'll care about the regionals more than these guys above us now. Get bored sometime, look at all the things APA is doing for their ALPA regionals. With the exception of APA pilots, mainline pilots clearly look down on regionals as a whole.
There is no unity. There is no magic bullet. Don't wear the hat. Drop the brake early. Vote and get involved. Beers taste best when free or on sale.
10-01-2017, 09:30 AM
:-)
Joined APC: Feb 2007
Posts: 7,339
We're filed under the Delta corporate holding company just like DGS. Delta may do it for us but this company is owned by a public company and the SEC mandates our filing so there are no secret cash reserves or slush funds which protects the investors (SEC only job).
ALPA doesn't have any magic powers or legal powers to disrupt legal corporate entities or their organizational models.
Maybe pilots should be more unified and they'd stop the regional model but mainline pilots have had that opportunity for decades and refuse to do anything about it. ALPA is made up of the pilots, represents pilots, and the pilots have spoken. When we make it to mainline maybe we'll care about the regionals more than these guys above us now. Get bored sometime, look at all the things APA is doing for their ALPA regionals. With the exception of APA pilots, mainline pilots clearly look down on regionals as a whole.
There is no unity. There is no magic bullet. Don't wear the hat. Drop the brake early. Vote and get involved. Beers taste best when free or on sale.
ALPA doesn't have any magic powers or legal powers to disrupt legal corporate entities or their organizational models.
Maybe pilots should be more unified and they'd stop the regional model but mainline pilots have had that opportunity for decades and refuse to do anything about it. ALPA is made up of the pilots, represents pilots, and the pilots have spoken. When we make it to mainline maybe we'll care about the regionals more than these guys above us now. Get bored sometime, look at all the things APA is doing for their ALPA regionals. With the exception of APA pilots, mainline pilots clearly look down on regionals as a whole.
There is no unity. There is no magic bullet. Don't wear the hat. Drop the brake early. Vote and get involved. Beers taste best when free or on sale.
ALPA however, had other plans, they developed the dual class pilot system. When APA went back to the national mediation board, again in 1997, to recapture scope, the NMB used the Comair agreement to destroy those efforts. All this resulted in, was that 50% of AA positions to be filled by Eagle system pilots.
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