ToiletDuck

I'm actually surprised they did a 3month and didn't just do a 1 or two month rotation. 3 months could leave several out of 121 experience req. meaning they'd have to go back to the sim.

BoilerUP

Do you know how long COLAs were offered at Chautauqua in the winter of 2005?

BankAngle09

QOL!?!? didnt you start a thread about how tired you are......??

dojetdriver

If you only had a clue sometimes. Are you even off probation yet?

blastoff

Spooling up the training department to full strength (assuming most of the furloughees are recalled withing a short time).

blastoff

I don't think very many went for the whole 3 months, in order to avoid the sim. Most guys took 2.

ToiletDuck

Yes. That has what to do with XJT? Absolutely nothing. Thanks for asking though.

ToiletDuck

When their month or two is up are they guaranteed a spot back and the company will replace them with someone else if no one chooses? They did this last time for a friend of mine.

ToiletDuck

My point was you still don't get a paycheck. I don't care how you slice it not getting paid is not getting paid. A furloughed pilot maintains his seniority and can still maintain his seniority accrual. So if you were a 3yr FO when furloughed and are gone for a year then when you come back you could be paid at 4th year status. Sorry to break it to you. It depends on the conditions established when the furloughs happen. You should know this, but I'm not surprised. True you don't keep your travel benefits. I don't see many people traveling the world over with no paycheck esp. when they've only had regional pay to build up their nestegg on. So yea. What's the diff?

Ottopilot

April 17, 2008


EMPLOYEE BULLETIN NO. 5



CO issued the following news release today.



CONTINENTAL AIRLINES ANNOUNCES FIRST QUARTER NET LOSS


Record fuel prices lead to quarterly loss; Continental to shrink domestic mainline capacity 5.0 percent on an annual run-rate basis; company to retire 14 additional mainline aircraft; Continental redeems Northwest’s Golden Share



HOUSTON, April 17, 2008 – Continental Airlines (NYSE: CAL ) today reported a first quarter 2008 net loss of $80 million ($0.81 diluted loss per share). Excluding a $5 million after tax gain from the sale of aircraft, Continental recorded a net loss of $85 million ($0.86 diluted loss per share).

Fuel costs increased 53.2 percent ($364 million) in the first quarter compared to the first quarter of last year, with crude oil prices peaking at $110.33 per barrel and Gulf Coast jet fuel peaking at $139.67 per barrel during the quarter. Further, during the quarter, the company incurred additional fuel costs of $69 million year-over-year that were included as part of its regional capacity purchase cost. As a result, the total year-over-year impact of higher fuel costs on the company for the first quarter was $433 million.

Continental plans to remove from service an additional 14 older, less fuel efficient 737-300 aircraft as leases expire on those aircraft from September 2008 to April 2009. These 14 737-300s are in addition to the 34 737-300s and 500s that were already planned to be removed from service in 2008 and 2009.

Continental also expects to reduce regional jet capacity beginning in the fall 2008; however, its plans are fluid as it is attempting to negotiate better economics with ExpressJet, and as the CRJs flown for Continental by Chautauqua come off lease.



This can't be good for Express.