Originally Posted by
CanyonBlue
Noseeum is correct. They could care less about their employees and will NEVER invest anymore than they are forced to by outside sources (eg- FAA/NTSB). Anything more than that is a waste of their money and bonuses.
Managements' plan was working pretty well for years when they would just continue to extend the current contract and mid-level to senior Captains were flooding out the door. Now the music has stopped and there's no where to go...
Think about it, every time a 7yr Captain goes out the door that's just another 20 grand of retro pay the company gets to pocket. Now that's not happening.
I still don't see management making any contract movement until the pilots are released by the NMB, and that is still going to take some time...even at this point.
Make one thing clear, the company and CFO are scrambling to cover this note. You can read it in the 10k transcript and in the conference call. Just listen to the questions from the investment firms.
CB
If we are released, mgmt loses...they know that...release is their death knell. That's one of many reasons they're now saying "contract in 09" in every public place they can...not just on the earnings report. They want that in the mediator's mind..."Hey, mr (or mrs) mediator, just give us time, we're gonna give them a contract this year...PLEASE dont release!" If we get released, we will make them bleed like they have us the last 4 years...let's see, 4 years on the cheap for labor being paid less than average...that should equate to 4 years being a good bit above average to make up for interest lost and complete retro...
a possible industry leading contract if we're released. They need to settle now...it's the perfect timing for mgmt. That's the only reason they're talking about contract in 09.