PNCL Files Chapter 11
#231
Not mx hogs. They inked a deal at cost with the hopes of more flying in the future. Add in a meager wage increase and some very minor mx cOsts after the planes come off of warranty = negative equity situation. Ie **** poor management oversight
#232
New Hire
Joined APC: Apr 2011
Position: A320 CA
Posts: 6
After having left Pinnacle after over 11 years of servitude, I have to say, I saw the writing on the wall. I was a comfortable CRJ900 captain in ATL, and put my family through a 70% pay cut to "make the move", but would do it again in a heartbeat. I wish all my former co-workers at 9e the best, and hope this doesn't turn out to be another "Mesa" situation, but will say, look at what has historically happened..... This was planned out from the time before Phil left the company. Look at the timing of the bankruptcy anouncement, Just in time for all of them to get their MONEY... The big wigs at Delta, United, and US Aiways know how this is going to unfold. They know what will happen more than 18 months out!!! Why else would the former "LEADERSHIP" abandon an apparently good ship??? Pinnacle is going to be a CRJ900 operator ONLY when the dust settles. The 200's are destined for Beer Can Heaven!!!! Just wait for the next few press releases on how the CRJ200 is not profitable in today's high fuel price environment. Today was just round 1 of many, where the company will be stripped down to almost nothing. I hope I am not correct, but past experience has shown that I am undoubtably going to be right, and I hate it!!!
EXAMPLES: COMAIR.......MESA...... and now PINNACLE!!!!
Good Luck Guys!!!!
I hope you land on your feet!!!!
EXAMPLES: COMAIR.......MESA...... and now PINNACLE!!!!
Good Luck Guys!!!!
I hope you land on your feet!!!!
#234
Permanent Ready Reserve
Joined APC: Mar 2006
Position: Upright and Locked
Posts: 969
Guys, it's all our fault. We get paid too much. Higher than industry average, apparently.
From the BK filing itself:
20. In February 2011, the Debtors signed a collective bargaining agreement with the Air Line Pilots Association, International (“ALPA”), the joint representative of the Debtors’ pilots across all three of its subsidiaries. This new agreement (the “ALPA JCBA”) was championed by ALPA as “historic,” uniting approximately 3,000 pilots under a single agreement and providing significantly enhanced pay, benefits and work rules. Based on recent analysis of these terms by the Debtors’ management and advisers, compensation of the Debtors’ pilots is above market average with respect to wages, benefits, and work rules.
From the BK filing itself:
20. In February 2011, the Debtors signed a collective bargaining agreement with the Air Line Pilots Association, International (“ALPA”), the joint representative of the Debtors’ pilots across all three of its subsidiaries. This new agreement (the “ALPA JCBA”) was championed by ALPA as “historic,” uniting approximately 3,000 pilots under a single agreement and providing significantly enhanced pay, benefits and work rules. Based on recent analysis of these terms by the Debtors’ management and advisers, compensation of the Debtors’ pilots is above market average with respect to wages, benefits, and work rules.
#235
Line Holder
Joined APC: Jun 2007
Posts: 47
Here's a quote from the filing: "With respect to the CPA governing CRJ-200 flying, Delta and the Debtors agreed to modified rates and margin, elimination of the 2013 rate reset and pilot rate reset, and extension of the term of the CPA by four and a half years until 2022."
If the CPA has already been modified, I don't know if it can/will be modified again, but it looks like they extended the -200 flying until 2022.
If the CPA has already been modified, I don't know if it can/will be modified again, but it looks like they extended the -200 flying until 2022.
#238
Guest
Posts: n/a
This is a perfect example of unfair *bargaining rules for the top 1 percent. Sean threatened to quit which would have cost a few million dollars and could have effectively thrown the entire company into chaos so the board paid him that raise, but if the pilots as a whole threatened to quit because they arent getting compensated what the think they should...oh wait, we can't. See the unfair advantage management has!!!! Imagine if we could threaten to shut down the company because its causing our families too much hardship!!! If we cant use our true company wide worth as a negotiating tool, then it should be illegal for management too.
#240
Gets Weekends Off
Joined APC: Feb 2011
Posts: 820
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