Pinnacle asking 7% from pilots
12-20-2011, 10:35 AM
#71
Gets Weekends Off
Joined APC: Feb 2008
Position: bar stool
Posts: 771
Pay cuts? From what "pay" do they exactly want to make cuts? Apparently those 23$ an hour FOs are taking in way too much, and have 1 packet of ramen noodles too many in their over night bag. What a farce. What was the amount of latest bonuses management took last time?
12-20-2011, 10:53 AM
#73
Gets Weekends Off
Joined APC: Oct 2006
Position: Home with my family playing with my daughter as much as possible
Posts: 591
Sean...what da five fingas say to the face??? SLAP!!!!
Pilot Unity!!!!
Pilot Unity!!!!
Last edited by johnso29; 12-20-2011 at 11:38 AM. Reason: Removed deleted quote
12-20-2011, 10:57 AM
#74
Gets Weekends Off
Joined APC: Jul 2007
Position: 744 CA
Posts: 4,772
AMEN brother... don't give them WILLINGLY ONE RED CENT. Informational picketing is in order... press releases from the UNION to the MEDIA...ANYBODY that will listen as to how LITTLE these pilots flying million dollar machines and 50-70 passengers around really make needs to be the order of the day.
I live in GPT.... and will MAKE time to come to MEMPHIS if something like this ever comes to fruition.
HOLD THE LINE.
And while I don't work for a regional now... I have in total about 4 years at two different **** bag regionals so I know where you guys are.
I live in GPT.... and will MAKE time to come to MEMPHIS if something like this ever comes to fruition.
HOLD THE LINE.
And while I don't work for a regional now... I have in total about 4 years at two different **** bag regionals so I know where you guys are.
12-20-2011, 11:45 AM
#77
Gets Weekends Off
Joined APC: Oct 2005
Posts: 224
Pinnacle doesn't need to declare bankruptcy. They are going through a bunch of ONE time costs associated with this mega merger. Notably training AND millions in bonuses paid to departing executives.
Is your airline operationally profitable? Yes I believe it is. What has happened is Pinnacle isn't making as much profits as it has in the past and that will upset Wall Street since they always want increasing profits. The only way increasing profits will happen for a regional now is through cutting costs and the only real easily controllable cost is labor. They can try and renegotiate some leases but labor is and always has been the easiest target.
Don't give in to them because in two maybe three quarters time Pinnacle will be net profitable again regardless of your concessions. You just spent 10 years fighting for this contract, don't roll over now.
Every merger goes through these one time costs of integration. Delta/Northwest did and United/Continental is right now. Hundreds of millions of dollars are spent on these one time costs the difference for a company like United is that they are also generating more revenue which they can point out to Wall Street and say, "Yes our costs are high right now due to the merger expenses but our revenues have also grown."
Pinnacle doesn't have that luxury since it's revenues come from FFD contracts. There is no growth opportunity outside of securing more flying.
Sean Menke is trying to protect his job right now but in reality your company will be fine with in a year after the merger sorts itself out. Let Menke sweat it out with Wall Street, don't take money out of your pockets to make his job easier. Make him earn the ridiculous bonus he will likely reward himself when this is all done with.
Is your airline operationally profitable? Yes I believe it is. What has happened is Pinnacle isn't making as much profits as it has in the past and that will upset Wall Street since they always want increasing profits. The only way increasing profits will happen for a regional now is through cutting costs and the only real easily controllable cost is labor. They can try and renegotiate some leases but labor is and always has been the easiest target.
Don't give in to them because in two maybe three quarters time Pinnacle will be net profitable again regardless of your concessions. You just spent 10 years fighting for this contract, don't roll over now.
Every merger goes through these one time costs of integration. Delta/Northwest did and United/Continental is right now. Hundreds of millions of dollars are spent on these one time costs the difference for a company like United is that they are also generating more revenue which they can point out to Wall Street and say, "Yes our costs are high right now due to the merger expenses but our revenues have also grown."
Pinnacle doesn't have that luxury since it's revenues come from FFD contracts. There is no growth opportunity outside of securing more flying.
Sean Menke is trying to protect his job right now but in reality your company will be fine with in a year after the merger sorts itself out. Let Menke sweat it out with Wall Street, don't take money out of your pockets to make his job easier. Make him earn the ridiculous bonus he will likely reward himself when this is all done with.
12-20-2011, 11:46 AM
#78
Gets Weekends Off
Joined APC: Mar 2008
Position: Assistant Greens Keeper
Posts: 1,011
That same guy was one of the ones going to local charter outfits telling the owner he would fly in the rightseat for free... all while cutting a line of 10 instructors who were waiting for years to get paid for that position.
12-20-2011, 12:02 PM
#80
Bracing for Fallacies
Joined APC: Jul 2007
Position: In favor of good things, not in favor of bad things
Posts: 3,543
Not really sure though, in seriousness, what their background is....I was simply surprised to hear someone in favor of concessions!
Thread
Thread Starter
Forum
Replies
Last Post
Lbell911
Regional
23
04-22-2012 10:33 AM
