buddies8

Actually they flowed in seniority and everyone knew they were flowing well before the vote, for those who took time to know what was going on. The mec from the bk was a sleeve ball slithering snake.

wt932051

If you vote no now, you will still be in a position to capture more when the shortage hits and FO's start jumping ship. Or just vote yes now, and watch Mesa give the new hire FO's nice huge bonuses. Meanwhile you will be making less, while senior to them. There is no reason to vote yes now. Vote no now, strengthen the language, and then vote yes if you really like the thing. I don't. The language is so bad, if you vote yes, we will be in a position to lose a ton at the grievance process, and if we do could be worse off then we are now. Meanwhile Mesa will be making bank.

Xdashdriver

The company has been very quiet during this process. I was expecting all kinds of promises of stuff if we vote yes. So far all I hear is crickets. What are they waiting for?

flapshalfspeed

The union is doing all the selling--the company doesn't need to say anything, our dues are actually paying our ALPA chapter to create promotional videos and fly around selling it like a used car.

deltajuliet

Either the company is content with the status quo indefinitely (and why wouldn't they be), or this was an attempt to lowball the pilot group so our expectations are well managed for the actual TA. Probably the first, though.

iFlyRC

If Mesa really is going public, then it would be foolish to vote yes.

Blackwing

Irony: the fact that both the company and the MEC are dangling the "quick upgrade" carrot--and both using it to justify low FO pay.

prior121

It should be clear at this point that the current MEC is in bed with the company. Trying to sell a TA so fiercely with such little QOL improvements, regardless of this lack of money situation, is a red flag to me.

Navmode

It's called financing. They make the payments with the money they earn from the flying they do with those airplanes. Following tis argument is like believing that every rapper is a millionaire because they have lamborghinis in their music videos.

You have no idea the corporate world works. Why are you all so stuck on the idea that Mesa will go public? I'm not in love with this TA either, but our profit margins are public knowlage. Why would anyone in their right mind buy stock in a company that cannot possibly do any better than the charted rates, especially when you can invest in something federally insured with a guaranteed better margin?

BeatNavy

Let me learn you some "knowlage." There already are stakeholders in Mesa. It's not like ornstein owns the company outright. He is merely the puppet and voice for those who actually own the company. There already are shares of Mesa that people/companies own, it's just not publicly traded. Other funds and retail investors would buy shares in Mesa for the same reason our current stakeholders own shares. You don't typically buy shares of a company based on past performance or current margins (how do you think startups who make zero revenue but spend millions get seed/investment capital?). You buy shares on predicted future performance based on the knowledge you have. The fact that Mesa has an all 70/76 seat fleet and low operating costs gives it a fairly good shot at not parking planes and not having issues gaining future contracts. We are cash flow negative the next two years due in large part to CRJ engine replacement costs. After the wave of those large costs is over, especially with all the new ejets and future ejets yet to be announced, we will continue to grow, which is what investors want.

Investors don't buy shares based solely on a company's profit. In fact lots of companies operate at a loss and have plenty of buyers of their stock. They are buying shares of a company based on future performance, revenue (not to be confused with profit), and growth. The value of that company is based on cash on hand, debts, assets on hand, lease terms, costs, and future earnings, among other things.

What's funny is the union will tell us there is no money to pay us for the next 5-10 years because the company said they are cash flow negative for the next 2-3 years and the union (and all you yes voters) bought it. The company is laughing all the way to the bank (and will be popping the Dom if it passes), and when the company conducts road shows to go public they will be touting that they have secured the industry's low labor costs in a 5+ year deal and still fills classes, even in this environment.

This is why pilots should stick to flying. Our lack of business knowledge only hurts us. It's like believing your realtor that this is the best we can do. He legally has to have your best interest in mind, but really he wants the deal done and is getting his check if the deal goes through, and the quicker the better so he can get on with other things (time is money). My realtor insisted the best we could do was $29k higher than I bought my house for a year ago. You just have to know how to negotiate and use leverage. And sometimes the first offer/counteroffer isn't the best. The company's MBAs/JDs will always have the upper hand in negotiations against people who pull levers, push buttons, talk on a radio, and look outside for a living.