PSA Airlines Petitions City to Defer Rental Payments Amid Plummeting Air Travel
https://www.bizjournals.com/dayton/n...nes-lease.html
Dayton digs their heels in, commits to furloughing all 723 pilots they have notified. Open time pots are full, some reserve grids are red most of (if not the whole) month, and they're paying out the a$$ for hotels, moving fees, and relocation costs.
So, their way to navigate a crisis is to:
- eliminate cheap junior staff
- force more-senior pilots to over-credit into premium pay
- Likely wind up with significant October Junior-Man pay
- Relocate more pilots than necessary through forced-displacement, thus paying excess in hotel fees
- Likely create a ton of TDY's to cover red grids, shelling out per-diem left and right
At the same time that they're so desperate to conserve cash-flow that they have asked Dayton to defer payments for rent by a year (in exchange for a longer lease term). Something doesn't add up. I have a hard time believing that not a single person in Dayton has ever been to business school or has such acumen.
At what point, because such point does exist, does it make sense to reduce your furlough count to avoid some of the above referenced costs? A five-year captain is more expensive than a two-year captain. A year one FO is cheaper than a year three FO.
To me, it almost looks like they staffed us predicting that we would have taken PBS, and thus, less pilots would be needed to cover the grid.
Management is exhibiting wildly erratic business policy, and none of it makes sense. We often joke about the "big picture," but at what point to we admit that Management doesn't know what they're looking at?