Pinnacle Mangement Bankruptcy Proposal
05-09-2012, 10:17 AM
#55
Gets Weekends Off
Joined APC: Apr 2012
Position: E-175 CA
Posts: 339
I think it's pretty clear. The pay rates are that crappy. And we've been held hostage by the Regional industry for so long that we've just started to accept our fates. I think he was trying to drive that home.
05-09-2012, 10:36 AM
#56
Gets Weekends Off
Joined APC: Sep 2007
Posts: 520
Well, you know, slave labor, indentured servitude....
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!
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!
05-09-2012, 10:50 AM
#57
Gets Weekends Off
Joined APC: Jan 2012
Position: I'm Buying
Posts: 416
"started to accept our fates"...The exact statement / mentality that will prevent this industry from ever improving. Way to many pilots have developed this mentality. Defeat is always preceded by acceptance.
05-09-2012, 11:16 AM
#58
The NeverEnding Story
Joined APC: Sep 2005
Posts: 7,611
This will be a business school case study of how M&A activity can result in spectacular failure for years to come...
Also, its obvious PNCL management isn't concerned with a "pilot shortage" due to Age 65 attrition, flight/duty time changes and the looming 121 pilot qualification NPRM.
Also, its obvious PNCL management isn't concerned with a "pilot shortage" due to Age 65 attrition, flight/duty time changes and the looming 121 pilot qualification NPRM.
05-09-2012, 12:44 PM
#59
Gets Weekends Off
Joined APC: Jan 2008
Position: CL-65 captain
Posts: 2,244
This will be a business school case study of how M&A activity can result in spectacular failure for years to come...
Also, its obvious PNCL management isn't concerned with a "pilot shortage" due to Age 65 attrition, flight/duty time changes and the looming 121 pilot qualification NPRM.
Also, its obvious PNCL management isn't concerned with a "pilot shortage" due to Age 65 attrition, flight/duty time changes and the looming 121 pilot qualification NPRM.
05-09-2012, 01:30 PM
#60
Gets Weekends Off
Joined APC: Oct 2010
Posts: 1,432
stop with the holier then though. i'm wicked tight with my budget, its just that i have a huge loan payment. I have enough in savings to last a while but it is a steady trend toward personal bankruptcy
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