Originally Posted by
Caveman
We're on same side, from reading your posts. Not trying to sell you or convince you of anything.
If you take 13 tsmitr's per plane, the 2023 hiring plans don't add up.
But then again, anything to prevent 150% pay, to include paying 300% of the trip guarantee to avoid premium is fairly common practice.
So you might be right on the over-hire plan after all?
We are on the same side.
They also reference higher costs due to "sub-optimal productivity levels" so I'm sure part of the drive is to lower the premium payout. Great! Our new rates will need to reflect that lower productivity potential. Then we also have the indirect pressure we are putting on the competition by hiring so many regional pilots, undercutting their feed into major hubs. In AW's recent townhall he talked about that and how we are waiting for them to consolidate their hub presence, creating opportunity for us to move in.
Then we can think about mergers/acquisitions if the Max7 falls through and any issues getting DOJ approval, and maybe their telegraphing the desired hiring plans knowing they'll fall short is part of that pending chess match.
There are multiple factors at play here...I'm just not as skeptical as others simply because we've never hired this many before. We also never had 26 simulators before...but now we do. Let's hope E-period sims don't become a thing...there's 20% unused training capacity just sitting there, every night.