I was looking at the Investor Presentation published today. It seems they got rid of "juniority" as a cost savings plan (no more revolving door?). Also, the aircraft orders seemed interesting. They want 15-18.5% growth until 2021, then 10% beyond. They see 125 aircraft needed from 2021-2026, as well as more planes by 2019. I ran the #s. 15% growth should be:
end of 2017: 110
end of 2018: 126
end of 2019: 145
end of 2020: 166
end of 2021: 191
end of 2026: 316
that's 15% year over year, plus 125 from 2021-2026.
We'd need 31 more orders between now and 2021.
At 16 pilots/plane (PBS will diminish this need slightly, and YES it will come
), we should be ~3000 pilots by 2021, ~5000 by 2026
Now if we could only make a decent wage, people might actually want to come here/stay here! Quick upgrade doesn't mean squat if you make less than 2-3 year FOs everywhere else.
Now....who wants to invest????