Leave and Early Out Numbers
#141
Gets Weekends Off
Joined APC: Mar 2020
Posts: 537
#142
Gets Weekends Off
Joined APC: Dec 2017
Posts: 381
This post and your previous post show just how ridiculously STUPID AS management is and the reason they will languish as an also- ran left without a seat at the adult table.
#143
That's assuming the pilot group with better scope actually WANTS the merger, they often enhance the long-term prospects of both companies. Or management could offer a signing bonus.
Lots of ways to compromise, cap FFD at the existing ration vs. the combined mainline fleet, or even have a phase-out program over time.... pilots have a longer event-horizon than most managers.
But there have been M&A's which failed due to unions digging in their heels, notably OO vs. EV (round one).
#144
Agree 100%, especially LUV... they're not afraid to shut stuff down, although I'm sure they'd try to sell or spin-off QX first.
#145
Gets Weekends Off
Joined APC: May 2017
Posts: 936
In what fantasy land do airlines even have that kind of scratch?
The entire industry can barely keep its head above water and we are waxing about mergers that just shut down entire airlines?
The denial about furlough makes sense I guess, no one can read a balance sheet it seems.
Sent from my iPhone using Tapatalk
The entire industry can barely keep its head above water and we are waxing about mergers that just shut down entire airlines?
The denial about furlough makes sense I guess, no one can read a balance sheet it seems.
Sent from my iPhone using Tapatalk
#146
Gets Weekends Off
Joined APC: Mar 2020
Posts: 537
Meh. Merger's have happened with carve-outs for the existing scope allowance of the merger partner or at least some compromise. It's usually financially implausible to just ditch all FFD flying overnight, especially if you own a regional.
That's assuming the pilot group with better scope actually WANTS the merger, they often enhance the long-term prospects of both companies. Or management could offer a signing bonus.
Lots of ways to compromise, cap FFD at the existing ration vs. the combined mainline fleet, or even have a phase-out program over time.... pilots have a longer event-horizon than most managers.
But there have been M&A's which failed due to unions digging in their heels, notably OO vs. EV (round one).
That's assuming the pilot group with better scope actually WANTS the merger, they often enhance the long-term prospects of both companies. Or management could offer a signing bonus.
Lots of ways to compromise, cap FFD at the existing ration vs. the combined mainline fleet, or even have a phase-out program over time.... pilots have a longer event-horizon than most managers.
But there have been M&A's which failed due to unions digging in their heels, notably OO vs. EV (round one).
#147
In what fantasy land do airlines even have that kind of scratch?
The entire industry can barely keep its head above water and we are waxing about mergers that just shut down entire airlines?
The denial about furlough makes sense I guess, no one can read a balance sheet it seems.
The entire industry can barely keep its head above water and we are waxing about mergers that just shut down entire airlines?
The denial about furlough makes sense I guess, no one can read a balance sheet it seems.
Also if the other alternative is Ch.11, shareholders might go for a stock-swap or the like... the better-positioned company's share-holders gets growth, the not-so-better positioned shareholders get shares that are worth something.
#148
Gets Weekends Off
Joined APC: Sep 2020
Posts: 407
I think they make plenty of money and hand out plenty of dividends to shareholders to not care. Hating a management for mistreating employees and contracts is one thing but hating them for not making money and being successful is another. But you’re probably right. You’re a pilot therefore you know more.
#149
Gets Weekends Off
Joined APC: Dec 2017
Posts: 381
I think they make plenty of money and hand out plenty of dividends to shareholders to not care. Hating a management for mistreating employees and contracts is one thing but hating them for not making money and being successful is another. But you’re probably right. You’re a pilot therefore you know more.
Why are you here?
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