labbats

The investor call last week had 3 or 4 different callers asking about negotiations. All were told that they were coming along nicely.

If I was the head of a mutual fund that was responsible for millions upon millions of other people's money I would ask why management is playing chicken with the pilots to strike. If anything is going to affect the stock price it's a strike and the response from management to investors is anything but forthright.

We are the lowest paid operators of all of our fleet types with less than half the average sick time, retirement and vacation... yet they want concessions during a hiring boom at the majors? How do you defend a strike to investors when you make these choices? They already have defied several court orders of our injunction and the judge is aware of it.

Herman

Last two posts are Solid.

Spudhauler

Delta's operating margin for the third quarter was 15.8% while Allegiant's was 10.9%.

Packrat

This would be de facto evidence of bad faith negotiating if you ask me.

CLMP

That 15.8 was excluding special items. Actual operating was 7.5%. Still impressive however! Excluding the golden parachute, we would have been at about 15%.

For those who do not know, in 2010 we "agreed" to a pay band system that is dependent upon operating margins and resets twice per year. I was skeptical, but we were making great margins at the time so it didn't seem like a problem. Boy, was I wrong!

A few years later, the company decided to overhaul half of the MD-80 engines (didn't help) and charged those expenses against the operating budget. We took a pay cut as a result. The "mastermind" behind these overhauls soon darted off in his new Aston Martin with millions in stock and left us holding the bag. Guess what? He's back!

Once again, we are closer to taking a hit due to this ridiculous pay system while the top brass are lighting cigars with $100 bills.

The whole thing was a scam. While I have no proof, I wouldn't doubt if an investigation uncovered unscrupulous practices of questionable legality.

Xbone

Someone needs to tell G4 management its 2014 not 2004. The, you better just feel lucky to you have a job is over. While most of us are shooting for the stars, there are plenty of other pilot jobs here and around the world to pay the bills, in the interim. I for one will not let a rare opportunity to stand for a real pilot contract slip away. STFD!

Spudhauler

Please don't mistake my post. You guys are vastly underpaid for the equipment you fly. Management makes money and we fly, so taking less pay because they aren't doing a good job seems absurd to me. Our responsibilities and risks don't decline because those guys make bad decisions. Good luck!

shoelu

I'm curious, what's the attrition rate like? I can only assume they are finding plenty of willing candidates to step up from a job that they consider a lesser position, but how long are they staying before trying to move on to somewhere else?

tailendcharlie

CLMP is correct excluding one-time charges related to Levy's departure the financials were on-track and certainly don't contain any harbingers of doom. There is ample money available for improvements to pay & QOL for Allegiant pilots. Let's leave the FUD-spreading to management. Which I'm sure they'll soon be doing....

Xbone

Not sure, it’s steady and will only pick up. From a strategic standpoint, it wouldn’t matter if it were zero. Operations, mx and training are run like it’s coordinated from Baghdad.

STFD!