Originally Posted by
Active Shooter
It's ACMI. They are not supposed to get paid that much.
K4 isn't comparable in terms of scope and scale of corporate earnings. Love or hate Atlas Management, but the fact is Atlas is ripe to become a player against the likes of FedEx in the not too distant future.
The case is simple, Aligning with Amazon/DHL while retaining full ownership of the fleet and route authorities insures that Atlas cannot be leveraged as was the case with previous "ACMI" carriers. In other words, if DHL walks, Atlas takes the fleet and routes with them, same goes for Amazon.
To be clear, Atlas isn't just "ACMI":
- Scheduled Passenger
- Scheduled "EXPRESS" freight (on routes OWNED by Atlas & Polar)
- ACMI
- CMI
- Express Freight (Asia and Domestic US, expanding further international in the near future).
Anything less than $380 an hour with FedEx/UPS/Delta quality work rules would be a sell out to Atlas management (still a great deal for the crews).
That number as time goes on continues to go higher, check back in a few weeks, its probably going higher yet. Time is not managements friend in the current labor environment.
Atlas remains one of the most if not THE most profitable when accounting for the annual Net earnings for Atlas on a per Pilot basis (regardless of fleet type):
- 6 times higher than FedEx
- 8 times higher than Delta
If IBT 1224 settles on Parity based solely on financial data vs other carriers in the Cargo/Passenger segments, Management can still claim a huge bargain on labor.
$260-$280 hr will be FO pay when the dust settles...Anything less than $380 an hour for a 12 year "Wide Body" captain, is a "NO" Vote.