Originally Posted by
9easy
Seems like hiring is doing just fine and they don't plan growth until the end of the decade, so the need is low. Once the end of the decade hits, so does contract negotiations, and that will probably be a good motivation for higher pay.
Our management has been open about growth in the public investor relations. That is that growth will be modest in comparison to previous growth while we transition to an all AB fleet.
That's not to say growth is done for the next 2.5 years.
We currently have 84 airframes and roughly 840 pilots. We're projected to have 110 airframes in 2020. If the current staffing model remains the same, that would put us at 1,100 pilots. If you add modest attrition, you'll see roughly another 440 pilots hired over the next 2.5 years (about 14 per month). That's about a 60% increase in total pilots. Not bad for a transition period.
(Assumptions - Staffing model remains the same, we actually get 110 airplanes, and 6 pilots a month attrition)
I don't see us getting a significant pay bump on the next contract. I think the last earnings report made it clear that management attributes our decline in profit to the new contract. On the upside, I believe we'll have a clear path to the left seat, continued growth (domestic and international), and the only company that offers day trips for a schedule.