Originally Posted by
ShyGuy
Who’s surprised?
”Pilot attrition! That will force their hand!”
Nope.
Cost of doing business status quo, cancel flights, reduce capacity, overhire for attrition
< Cost of new ALPA contract.
So as long as that holds true, no contract is coming. They are going to overhire this year to account for attrition and cut capacity in order to deal with the pilot staffing issue. And as much as we hate it, the investors love it.
I’m starting to understand the merger rumors. It’s like a drug to lessen the pain of what is the reality of being at AS.
I hope you're wrong, but if past results are an indication of future performance, then you might not be..
The recent total meltdown of Horizon is an example. For a long time, they were warned that the flight operations could not be sustained reliably with the pilot issues they were having.
They put off addressing the problems in a concrete way, until finally, the tish hit the fan. After that happened, they simply hit the reset button, and went on their merry way again... "Like it never even happened!"
AS could quite possibly be considered the "Teflon Don" of the airline industry. Nothing ever sticks...... Well,..... until it does, I guess.