Originally Posted by
full reverse
As opposed to most cr@p hole operations flying regional jets, XJT actually does care about their people, and no this isn't to mitigate furloughs, it's just to improve the bottom line for a few months and give a few people the chance to take a month or two off, and no COLA's are not mandatory, they usually go quite senior. Most of these COLAs will go to those who want a month to run their other businesses, or travel if they don't need the money. The beauty of working for a decent regional is you have the luxury of taking a month off without going to the poor house, granted the COLAs are only for FOs. Some pilots are looking forward to it, as they have new ones at home and will enjoy the time off. As opposed to non-union airlines, by definition, COLAs are NOT mandatory, those are called furloughs, and XJT is not even considering such a measure. The COLAs offer a win-win, for the company and the pilots.
I know many people would love to see the demise of XJT, especially the bottom sucking CEOs of certain regionals, simply because they can point to XJT and say to their scared pilot groups, "look, see what happens with a good contract, your company will go out of business." If you believe XJT is going out of business, you'll be quite suprised. XJT is going to go through a hard time with 106 dollar oil, as will all the majors. RJET will be fine since according to their 10K, all fuel costs are pass through expenses to the major provider. XJT only has 210 airplanes under such arrangement, leaving 64 airplanes at risk for high fuel prices. For all in the regional industry, you should hope for the success of XJT, as XJTs success will allow for better contracts in the industry.
Jet jock: read your FARS, within 90 days no training is required... wait isn't that 3 months...
XJT is a fine regional airline, and I hope you guys get through this downturn unscathed.
However don't think for a second that if not enough pilots take COLA that they wouldn't cut from the bottom end of the list to keep costs down.