Pinnacle Mangement Bankruptcy Proposal
05-08-2012, 08:49 PM
#21
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Joined APC: Dec 2005
Posts: 156
Don't forget after 2014 it's only 1.5%+ per year. How much is inflation? So we get a net pay cut every year after 2014.
05-08-2012, 08:50 PM
#22
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Joined APC: Oct 2006
Posts: 1,001
The future requirement for FO's to have an ATP is the only thing that will put a stop to this. Maybe then pilots will place a higher value on their services than current entry-level airline pilots do?
Best of luck to all you guys @ Pinnacle. Getting your contract gutted in bankruptcy is no fun, nor is being attached to a business model (50 seat jets) that is failing.
05-08-2012, 09:11 PM
#23
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Joined APC: Sep 2005
Posts: 1,735
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, 10:06 PM
#24
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Joined APC: Oct 2008
Position: B737 FO
Posts: 213
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?
So this is less of a cut than what I expected... Sorry if that offends you. However that does not mean I am happy about it.
What is me standing up going to do? This is going to happen in one way or the other. I doubt the union will agree to these concessions which is ok but Pinnacle will just go to the judge and get most if not all of these amendments approved. This will happen whether or not we whine about it on internet forums.
05-08-2012, 11:40 PM
#25
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Joined APC: Jan 2012
Position: I'm Buying
Posts: 416
I was expecting something along the lines of a 10% pay cut across the board, cut in benefits and work rules etc. Did you really expect nothing to change in Bankruptcy?
So this is less of a cut than what I expected... Sorry if that offends you. However that does not mean I am happy about it.
What is me standing up going to do? This is going to happen in one way or the other. I doubt the union will agree to these concessions which is ok but Pinnacle will just go to the judge and get most if not all of these amendments approved. This will happen whether or not we whine about it on internet forums.
So this is less of a cut than what I expected... Sorry if that offends you. However that does not mean I am happy about it.
What is me standing up going to do? This is going to happen in one way or the other. I doubt the union will agree to these concessions which is ok but Pinnacle will just go to the judge and get most if not all of these amendments approved. This will happen whether or not we whine about it on internet forums.
05-09-2012, 02:20 AM
#26
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Joined APC: Jul 2008
Position: Zee Airboos
Posts: 404
Thankfully this is the company shooting for the moon. Hopefully they are proposing way more than what the final outcome will be. For those saying its not that bad, only 2.0% for fo's........you really need to look at the big picture. Sure its 2% off the top of your salary, but your health insurance costs are going to go thru the roof (42% increase in family deductable) and per deim is getting hit 8.8%.
To total that all up in a percentage loss, we are looking at 20%+ and thats JUST salary, health ins and per diem. I'm waaay too lazy to calculate all of the rest of the things we are losing and are now going to cost more.
2.0 salary
10.0 insurance premiums ****guessing**** could be worse
8.8 per deim
= 20.8% and rising
To total that all up in a percentage loss, we are looking at 20%+ and thats JUST salary, health ins and per diem. I'm waaay too lazy to calculate all of the rest of the things we are losing and are now going to cost more.
2.0 salary
10.0 insurance premiums ****guessing**** could be worse
8.8 per deim
= 20.8% and rising
05-09-2012, 03:46 AM
#28
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Joined APC: Jul 2009
Posts: 14
05-09-2012, 04:20 AM
#30
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Joined APC: Oct 2011
Posts: 205
It's averages around 2.3% over the last 10ish years, but it's been as high as 4.1% and as low as 0.1% I think, given the swings in the economy. It's easily found on google. There's a calculator that lets you see the total inflation over any period as well. Did you know that since 2004 inflation has made everything about 21% more expensive? Have the wages for regional pilots gone up anything like that? It just keeps getting worse...
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