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Old 03-06-2016 | 12:11 PM
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flyallnite
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From: Stay THIRSTY, my friends!
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Originally Posted by RhinoBallAuto
I guess this is the part that I am missing... how is revenue left on the table? How does the company suffer with the PS scheme?
Well, again for example, they want to ink new Joint Venture agreements in order to share revenue in other parts of the world... but they may exceed the current limit of what is permitted on non DL metal. The new E190's are coming with a pay rate that will ensure unacceptable training churn and possibly a level of cockpit experience they aren't comfortable with. Finding and retaining experienced check airmen willing to take a pay cut for that privilege will prove challenging too. Profit sharing wise, we're currently ahead of what other employee groups get, and are projected to make some outsized profit. Looks bad to investors.
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