Originally Posted by
JimmyJr3
I get the growth part and that is certainly exciting, but specifically to piloting this specific airplane, why? There seems to be this undertone that flying the 76 vs. the 74 would be a much better deal for an Atlas pilot? That's what I'm curious about. At the same time I could be way off. Thanks regardless!
No ingnorance in your questions at all.
Since the 2005 bankruptcy and new management team, they have had a couple of policies that are totally illigical in the industry. They don't sell the equipment rates for less than cost, they factor in a decent profit and if the prospective customer doesn't like it, there is someone down the road they should talk to.
Rule 2...they don't buy airplanes and then look for customers. They get the customer, and then put them into an airplane or if something different is needed, they go get it.
What sheer lunacy...right?
They have always maintained since 2005 that they would look at "light twins" based on customer need. What they have are customers who have decided they want the aircraft. A couple of things come to mind. First as I recall, a 747-400 is most cost effective on flight lengths of 8 hours or longer. So some markets, like South America will work, but can be more cost effective with a 767. (Remember, the customer is not only paying for the plane, they buy the gas too)
Second...Atlas is probably the best positioned carrier to become a "one stop shop" for AMC. Cargo, passengers and the strong rumor that future tanker ops will be flown by contract operators. I know, don't laugh or dismiss it...it has been out there for a number of years and they have the ability to do it. If you already have experience with the plane.....
One could surmise that the 76 flying will be less "tedious" in terms of not as many long legs and heavy crews, based on where they may be deployed. Time will tell.
One thing is certain. The management team thinks outside the traditional airline box and has done an amazing job with the company. The first 12 747-8's are coming later this year, the options on 14 more will be exercised...all having homes to go to. Add the 76's and what is projected in earnings per share this year...not bad at all.
And with the new pilot contract? With no offense to our brothers out there...who needs to be purple or brown?