Pinnacle Mangement Bankruptcy Proposal
05-08-2012, 08:28 PM
#12
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
How did Delta put 9E into BK? Seems to me it was PT & SM. I agree Delta eliminated 2 fleet types. But why wouldn't they? Those 2 fleet types provided lift for their largest competitor. Why would Delta provide $$$ to keep a competitors lift aloft?
05-08-2012, 08:29 PM
#13
Gets Weekends Off
Joined APC: May 2010
Posts: 310
pinnacle also needs to be a viable option for a place to come to work in the coming years for anyone looking for a job at a regional. Whether or not you want to admit to it, there is going to be a large depletion of pilots from the regional carriers and pncl isn't going to want to go so low as to detract from potential new hires down the line.
If this is their starting point then they don't expect it to be even close to this bad for the final proposal for this reason alone.
If this is their starting point then they don't expect it to be even close to this bad for the final proposal for this reason alone.
05-08-2012, 08:32 PM
#14
Line Holder
Joined APC: Mar 2012
Posts: 42
Jeez. Sorry, guys. They knew when they agreed to the contract that they couldn't afford it. Not because it was anything above what you should have had, but because their business plan and way of doing business doesn't support paying people a living wage. Silly pilots...you need to eat, too?
I have heard a rumor that some of the stakeholders are banding together to try to force 9E into liquidation so that they can recover some of their money. I haven't researched it. Has anyone else heard/read anything about that? Not trying to get anyone riled up, just asking.
I have heard a rumor that some of the stakeholders are banding together to try to force 9E into liquidation so that they can recover some of their money. I haven't researched it. Has anyone else heard/read anything about that? Not trying to get anyone riled up, just asking.
05-08-2012, 08:33 PM
#15
On Reserve
Joined APC: Dec 2011
Posts: 16
A lot of the senior guys stick around for the great 401k, they really hammered the match for the senior guys (currently 125% match on up to 10% of earnings, proposed 50% on up to 10% earnings) factor in almost 6% pay cuts and other contract language (loss of min day and most of the over time) I would say this proposal would cost some of the real senior guys at least $20-40k next year.
Looks like they want some language added in for aircraft up to 86 seats. "Please Delta don't give the regionals bigger airplanes".
Looks like they want some language added in for aircraft up to 86 seats. "Please Delta don't give the regionals bigger airplanes".
05-08-2012, 08:36 PM
#16
Gets Weekends Off
Joined APC: Jan 2012
Position: I'm Buying
Posts: 416
Much worse? This is just the brief over view and I am not sure how much worse you were looking for. QoL hit, massive benefits hit, less pay with no way to really make it back...should I go on?
Why do guys always try and justify this crap instead of standing up for what they are worth?
05-08-2012, 08:39 PM
#17
Line Holder
Joined APC: Mar 2007
Posts: 77
A lot of the senior guys stick around for the great 401k, they really hammered the match for the senior guys (currently 125% match on up to 10% of earnings, proposed 50% on up to 10% earnings) factor in almost 6% pay cuts and other contract language (loss of min day and most of the over time) I would say this proposal would cost some of the real senior guys at least $20-40k next year.
Looks like they want some language added in for aircraft up to 86 seats. "Please Delta don't give the regionals bigger airplanes".
Looks like they want some language added in for aircraft up to 86 seats. "Please Delta don't give the regionals bigger airplanes".
05-08-2012, 08:41 PM
#18
Banned
Joined APC: Oct 2008
Posts: 1,857
Much worse? This is just the brief over view and I am not sure how much worse you were looking for. QoL hit, massive benefits hit, less pay with no way to really make it back...should I go on?
Why do guys always try and justify this crap instead of standing up for what they are worth?
Why do guys always try and justify this crap instead of standing up for what they are worth?
05-08-2012, 08:44 PM
#19
Gets Weekends Off
Joined APC: Apr 2007
Position: 320
Posts: 709
Much worse? This is just the brief over view and I am not sure how much worse you were looking for. QoL hit, massive benefits hit, less pay with no way to really make it back...should I go on?
Why do guys always try and justify this crap instead of standing up for what they are worth?
Why do guys always try and justify this crap instead of standing up for what they are worth?
05-08-2012, 08:45 PM
#20
Gets Weekends Off
Joined APC: Nov 2011
Position: Volleyball Player
Posts: 4,024
Much worse? This is just the brief over view and I am not sure how much worse you were looking for. QoL hit, massive benefits hit, less pay with no way to really make it back...should I go on?
Why do guys always try and justify this crap instead of standing up for what they are worth?
Why do guys always try and justify this crap instead of standing up for what they are worth?
If this is the business plan they have...?
I've said this before, at some point, people believe keeping the company afloat is better than having a good job, even if it means hurting the rest of the industry. Execs love this, and plenty of businesses are artificially propped up many times over, after the should have burned out and their markets taken by someone else or a new company (not a facade of a "new" company).
Step 1, Cut pay.
Step 2, ???
Step 3, Profit!
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