Originally Posted by
BoilerUP
Based on the last 10-Q, it looks like a 5% across-the-board wage/benefit reduction would be worth $5.43M per quarter.
But again, PNCL is already operationally profitable...and that includes the impact of wages/benefits.
And during Q2 2012 Delta will be paying us $15-20 million to cover the increased costs of our pilot contract, training costs, and an increase in the rate Delta pays us for our flights. That payment right there will cover the ENTIRE 2011 year to date loss TIMES TWO.
I've been on a four month paid vacation courtesy of Pinnacle. Just going off the guarantee that I've been paid will cover 30 pilots' worth of concessions. This inefficient use of our resources what is making us unprofitable, not our hourly wages.