Thread: Need Colgan Info
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Old 04-21-2008 | 09:01 AM
  #44  
MudPupppy
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Originally Posted by The Juice
These are tough times in aviation and they will be getting worse. Colgan has many problems but you have job security in what is a scary market. Keep flying and check back every few months on PVD.
What job security?
Don’t assume we are safe. Saab’s are no longer money makers with the oil where it is and our Pro-rated contracts. Saab leases start expiring later this year and more in 2009. Unless oil goes down, Saabs will be returned. And we know for a fact Beaches are gone.
Q’s might not be growing as much as they thought. Majors are trying to reduce capacity and are more concerned about mergers then Qs. CAL has an option to get more Qs, the date for the decision was April 1, 2008. Yet now they are saying they aren’t hiring for the Q. Leads me to believe either more Qs won’t be in the near future, or new Qs will cancel out the airplanes leaving. If there are no Qs coming in the near future?….. Uncle Phil even said, “If Colgan doesn’t become profitable by Q3 2008, drastic changes will be made” speaking to investors.
I sure hope I’m wrong, but always keep resumes and options ready. No one is safe…except for SWA of course...
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