Pinnacle asking 7% from pilots
12-25-2011, 07:37 PM
#151
Gets Weekends Off
Joined APC: Jun 2007
Position: 73N
Posts: 862
And during Q2 2012 Delta will be paying us $15-20 million to cover the increased costs of our pilot contract, training costs, and an increase in the rate Delta pays us for our flights. That payment right there will cover the ENTIRE 2011 year to date loss TIMES TWO.
I've been on a four month paid vacation courtesy of Pinnacle. Just going off the guarantee that I've been paid will cover 30 pilots' worth of concessions. This inefficient use of our resources what is making us unprofitable, not our hourly wages.
I've been on a four month paid vacation courtesy of Pinnacle. Just going off the guarantee that I've been paid will cover 30 pilots' worth of concessions. This inefficient use of our resources what is making us unprofitable, not our hourly wages.
Last edited by ebl14; 12-25-2011 at 07:55 PM.
12-26-2011, 05:24 PM
#153
Permanent Ready Reserve
Thread Starter
Joined APC: Mar 2006
Position: Upright and Locked
Posts: 969
So the latest MEC email has the following:
"...Meanwhile, ALPA Economic and Financial Analysis continues to review the company’s financial data. Representatives from this department will give a full report to the MEC at a special MEC meeting we have scheduled for January 2nd and 3rd in Memphis to aid in your representatives’ decision making. CEO Sean Menke will attend the second day of this meeting to brief the MEC on the company’s progress and to take questions."
Does this mean that the pilot group won't be getting a say?
"...Meanwhile, ALPA Economic and Financial Analysis continues to review the company’s financial data. Representatives from this department will give a full report to the MEC at a special MEC meeting we have scheduled for January 2nd and 3rd in Memphis to aid in your representatives’ decision making. CEO Sean Menke will attend the second day of this meeting to brief the MEC on the company’s progress and to take questions."
Does this mean that the pilot group won't be getting a say?
12-26-2011, 05:44 PM
#154
ULTP-Ultra Low Tier Pilot
Joined APC: Dec 2007
Posts: 3,228
So the latest MEC email has the following:
"...Meanwhile, ALPA Economic and Financial Analysis continues to review the company’s financial data. Representatives from this department will give a full report to the MEC at a special MEC meeting we have scheduled for January 2nd and 3rd in Memphis to aid in your representatives’ decision making. CEO Sean Menke will attend the second day of this meeting to brief the MEC on the company’s progress and to take questions."
Does this mean that the pilot group won't be getting a say?
"...Meanwhile, ALPA Economic and Financial Analysis continues to review the company’s financial data. Representatives from this department will give a full report to the MEC at a special MEC meeting we have scheduled for January 2nd and 3rd in Memphis to aid in your representatives’ decision making. CEO Sean Menke will attend the second day of this meeting to brief the MEC on the company’s progress and to take questions."
Does this mean that the pilot group won't be getting a say?
12-28-2011, 04:38 AM
#156
Gets Weekends Off
Joined APC: Mar 2011
Posts: 134
12-28-2011, 07:36 AM
#158
Gets Weekends Off
Joined APC: Nov 2006
Position: 737 Left
Posts: 828
You think a Corporation with SEC scrutinization would fake a potential BK to avoid paying guys bypass pay? I think not.
If your Reps had to sign Non-Disclosure Agreements that obviously tells you there is something within the business that the COMPANY does not want Wall Street to know about. I would bet it has to do with current cash on hand as well as specific business models operating cash flow or potential plans of a fleet reduction. Why would they trash their own stock?
Did ANY of you take an economics class in college?
If your Reps had to sign Non-Disclosure Agreements that obviously tells you there is something within the business that the COMPANY does not want Wall Street to know about. I would bet it has to do with current cash on hand as well as specific business models operating cash flow or potential plans of a fleet reduction. Why would they trash their own stock?
Did ANY of you take an economics class in college?
12-28-2011, 08:21 AM
#159
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,609
Originally Posted by DMEarc
Did ANY of you take an economics class in college?
Besides, NDAs are pretty standard fare in any business negotiation.
/aviation program graduate
12-28-2011, 08:51 AM
#160
Gets Weekends Off
Joined APC: Dec 2007
Posts: 125
You think a Corporation with SEC scrutinization would fake a potential BK to avoid paying guys bypass pay? I think not.
If your Reps had to sign Non-Disclosure Agreements that obviously tells you there is something within the business that the COMPANY does not want Wall Street to know about. I would bet it has to do with current cash on hand as well as specific business models operating cash flow or potential plans of a fleet reduction. Why would they trash their own stock?
Did ANY of you take an economics class in college?
If your Reps had to sign Non-Disclosure Agreements that obviously tells you there is something within the business that the COMPANY does not want Wall Street to know about. I would bet it has to do with current cash on hand as well as specific business models operating cash flow or potential plans of a fleet reduction. Why would they trash their own stock?
Did ANY of you take an economics class in college?
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