RAH files for Chapter 11 bankruptcy
#181
Gets Weekends Off
Joined APC: Aug 2012
Posts: 294
#183
Gets Weekends Off
Joined APC: Jul 2013
Position: 175 CA
Posts: 1,544
Won't be fine if you're one of the ones that doesn't get taken on to cover the flying they take back and you lose your regional job that happens to be paying your mortgage etc. mainline flies mainline planes, for every CRJ they replace with a 737 that's at least two crews that are no longer needed.
#184
Gets Weekends Off
Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
Yes, off over 75% in early trading. Ouch!
When price failed to continue higher from the July 2013 highs at #1 was big concern. When it failed to hold the trendline @ #2 was the indication to sell and take some profit off the table. When price failed at the multi-year trendline @ #3 was the "punch out now" signal.
Note: each price bar above represents 1 month of trading.
Last edited by SayAlt; 02-26-2016 at 07:11 AM.
#186
patience
Joined APC: Mar 2011
Posts: 1,068
Republic has 30 E175s flying for Delta. At one point in time, I believe Republic and Delta extended the the contract and was supposed to add 6-7 additional E175s.
#187
Gets Weekends Off
Joined APC: Jun 2011
Posts: 1,150
Here are some numbers:
Combined Republic and Shuttle fleet:
190 E170/175
20 Dash-8
33 E145
Based on those numbers and a rough approximation of 10 pilots per aircraft (others more experienced please confirm this ratio), then eliminating all but the 170 fleet will require a total of 1,900 pilots on property for adequate staffing.
RAH's seniority list as of February has 2,109 pilots on property.
Combined Republic and Shuttle fleet:
190 E170/175
20 Dash-8
33 E145
Based on those numbers and a rough approximation of 10 pilots per aircraft (others more experienced please confirm this ratio), then eliminating all but the 170 fleet will require a total of 1,900 pilots on property for adequate staffing.
RAH's seniority list as of February has 2,109 pilots on property.
Currently approx 223 Ejets with about 20ish parked due to lack of staff.
Currently 71+ 145's with only 16 flying next month due to staffing.
Currently only 2 Q400's flying. They stop at the end of the month.
There simply isn't a huge number of planes to be parked. They are ALREADY PARKED but RAH is still paying the FULL leases on them to the tune of $10million/month. This is the problem. There will be no furloughs, no layoffs. But there will be plenty of leases terminated as well as 145 flying terminated.
There could potentially be a 170/175 contract terminated (read Delta) but those pilots will quickly be transferred to other 170/175 flying. The Delta flying is only 25 170/175's and only 15 of them were flying this month due to lack of staffing.
Even if every plane except for the 170/175 fleet were parked tomorrow, RAH would still be understaffed.
Now that said, I'm not saying all is unicorns, rainbows and lollipops here. There will be tough times as the bankruptcy court, creditors committee and the company hash out an exit plan. I'm simply saying that this notion that many aircraft currently flying must be parked and pilots laid off is purely and simply false.
#188
Gets Weekends Off
Joined APC: Oct 2015
Position: Inverted
Posts: 402
Won't be fine if you're one of the ones that doesn't get taken on to cover the flying they take back and you lose your regional job that happens to be paying your mortgage etc. mainline flies mainline planes, for every CRJ they replace with a 737 that's at least two crews that are no longer needed.
It's called business. That's how things work. Sorry to those who chose poorly
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#189
Gets Weekends Off
Joined APC: Aug 2010
Posts: 248
How many will bail before they take action with parking planes? An excess of 200 really isn't much, and by the time they did anything, I doubt there will be an excess. Combine that with the lack of new pilots to hire industry wide, and I seriously doubt there will be any furloughs.
#190
Gets Weekends Off
Joined APC: Jun 2011
Posts: 1,150
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