gonyon

i'm a volunteer for the mitt romney camPAIN.

somertime32

haha thanks, that made me laugh....

mimatti

Well the 16 900's were not a bad idea with hopes of building on those. Granted they should have been leased from DL instead of being bought by us. As far as the Q's go, well that illegal purchase of Colgan should have never occurred, but the crook, PT and his 40 thieves set us up for failure with the purchase of Colgan. I have nothing against the Colgan pilot group, they are fellow pilots and brothers and sisters of the regional community, and all the courts could say when we took them to court, was "naughty naughty Phill you should have never made that purchase without notifying the union" but we got stuck with the props. Instead of that purchase, they could have purchased Mesaba and Compass. BTW, not only did PT get a nice package but he still gets consulting fees, now that is the kick in the forth point of contact. So instead of asking for the 5% from us, cut his consulting fees. We just need to really stick together as a whole pilot group, Pinnacle Colgan and Mesaba in true UNITY fashion and call managements bluff. After all if it's not bluff then we would be heading chap. 11 anyway, and if not then we would have stood in solidarity, ooooh is that a socialist term

yamahas3

Maybe everyone can take their 5% cut and use it towards off road tires for the whole fleet.

Boomer

Delta couldn't buy them since they were in BK at the time.

(At least that's what Ed Bastian told Comair when Delta diverted our aircraft deliveries to other regionals.)

Boomer

You used CUT and TIRES in the same sentence. If you're a union volunteer you could go to jail for that.

But the rest of us certainly know what you're trying to say.

Liv2soar

The following letter from CFO Peter Hunt needs to be framed and mounted on every wall in each crew rooms:

Quote:

“These investments will result in a strong company in 2012 and beyond,” said Mr Hunt. “When we sat down with Delta to acquire Mesaba the goal was to provide a better product for Delta and a better cost structure for both. To that end we have an early rate increase based on the increased costs of integrating the three pilot groups and the new pilot contract which will come 12 months from now. We will get a one-time payment as much as USD18-20 million to cover the cost increases incurred over the next 12 months for the contract and pilot training and relocation costs as well as integration costs. In addition, the contract includes forward looking changes in rates that will start in the Spring of 2012 that the company currently estimates at USD14 million annually. So, 2011 will be a down year because we won’t have the benefit of the rate increase until 2012. But that means a vastly improved 2012 and beyond and that is where the focus needs to be.” The company will also see its first rate increase in 10 years for its former Northwest operations effective in January 2013. The original contract called for an adjustment every five years but Northwest was in bankruptcy when the first five years came due, putting off any rate increases until 2013. However, during the past decade, said Mr Hunt, cost increases have far outpaced inflation owing to its ageing CRJ200 fleet. Consequently, the company is in for a sizeable increase beginning 2013.

So, the entire board of directors and executive management team knew in advance 2011 would be a loss, but with extra money coming in 2012 and BEYOND.....why all the smoke in mirrors now for everyone to take a paycut?

mimatti

Simply greed in its simplistic forms. They figure if the money train will get padded in 2012 and the growth they anticipate in 2013, then why not fatten up their bonuses even more. They probably justify it like this, "The pilot group is only taking a 5% cut, they just received about a 4% raise on December 1st 2011, so really they are only taking a 1% cut from their pay prior to December 1st 2011, and if it mean having more cash on hand to do what we want to do with it, I think our asking of the pilot group is admirable" And this is how they think they're doing the right thing for the company, when all along they are doing it for themselves, because it sounds like things are already in order to make sure the company not only survive, but thrives in the coming years. So in short, they are assuring their bonuses increase year after year with that 5%, and I'm sure some of that 5% will go to continue Phill's consulting fees. Has anybody seen the movie Horrible Bosses? He's like Kevin Spacey!! Just sayin'

200Driver

Anyone who thinks this 5% pay cut will have ANY bearing on what happens in the near and / or distant future of pinnacle is ill-informed and uneducated about the industry for which they work. NEVER in the history of the regional airline Buisness has a pilot group saved a company or recovered the money they lost by conceding!

What is the definition of insanity? Doing the same thing over and over expecting a different outcome...

Vote yes, seek therapy, and develop a plan B for you and your family or...

Vote no and develop a plan B for you and your family...

Plan B saves you much needed money on therapy and would be my choice!

The Juice

in·san·i·ty
[in-san-i-tee]
- noun, plural-ties
1. the condition of being insane; a derangement of the mind
2. such unsoundness of mind as affects legal responsibility or capacity 3. (formerly) psychosis.
4. extreme folly; senselessness; foolhardiness

Just sayin....