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Lot of drama here. Some of you should be in Hollywood.
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Originally Posted by captnate702
(Post 4025062)
that’s actually a pretty terrifying thought. If $4/gallon fuel sticks around too long we will be one of the company’s largest debt holders that could easily get wiped away in a Ch 11
this has gotten even more depressing and dark Tell your best buddies in management that they are walking a fine line. After this trash offer is voted in by 51% and the bonus is paid out, it will be a mass exit of everyone not willing to wait another 5-10 years and hope to get something somewhat close to what everyone else has already had for over a decade. All while they miss the second half of the largest legacy hiring wave in our lifetimes. Just look at Sunny, they are already approaching the point where they can't hire fast enough to cover attrition. This place will become a revolving door of CFI's. The financial planners overlook the intangibles that keep risk low and those that stay will be challenged often to save the airline's certificate. |
Originally Posted by tailendcharlie
(Post 4025234)
I don't think it's even going as far as a vote. And near-zero leverage. Not getting released. Attrition, maybe, assuming everybody doesn't start cutting back. Not enough to change the path this is apparently headed down....
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Originally Posted by Bitcoin
(Post 4025239)
This is seriously laughable. Nobody is picking up what you're putting down. In 11 days the company is going to report the highest revenue in its 29 year history, along with either the highest or one of the highest airline margins in the country. Right after that they are going to low ball us an offer that is about $100/hr below the average of all 320/737 rates with a non-amendable cba.
Tell your best buddies in management that they are walking a fine line. After this trash offer is voted in by 51% and the bonus is paid out, it will be a mass exit of everyone not willing to wait another 5-10 years and hope to get something somewhat close to what everyone else has already had for over a decade. All while they miss the second half of the largest legacy hiring wave in our lifetimes. Just look at Sunny, they are already approaching the point where they can't hire fast enough to cover attrition. This place will become a revolving door of CFI's. The financial planners overlook the intangibles that keep risk low and those that stay will be challenged often to save the airline's certificate. you must not know very much about this industry. Our closest peers are spirit and frontier. One is days away from liquidation, the other just fired their CEO and can’t make real profit post Covid. JetBlue hasn’t been profitable since pre COVID. This was all before fuel doubled overnight and there is no end in sight for how long this will go on. It’s already lasted twice as long as the experts predicted. now experts are saying fuel will stay high for at least several months. serious question: if business and revenue is so good the why are we cancelling hundreds of flights during June and July? |
Originally Posted by tom11011
(Post 4025238)
Lot of drama here. Some of you should be in Hollywood.
The corrupt Toonsters wasting 6 years of negotiating only to be iced for another 4-5 years for a JCBA? The former exco making a deal for a retention bonus without a vote or any input from pilots? How bout the removal of the Exco not for stealing but for trying to make another union business on the side, crossing the aforementioned Toonsters. Maybe it was the new Union Mob Bosses threatening legal action against ALPA drive members? Or even the witch hunt for those that pushed a card drive to get rid of the corrupt and inept union mobsters? I know, it was the rumors and accusations of the 3rd party voting company cheating in favor of the old Exco...that must be it. If not, then it was clearly the drunken Union Mob Boss that was actively screwing negotiations to hurt the company that wouldn't make him Chief Pilot? Or my personal favorite, hiring an old American Pilot that agreed to every single company pass that included forced upgrades (giant no-no for G4 base structure) and company GPS tracking of pilots. Meet the new Exco, same as the old. Currently, there is the drama of MORE SURVEYS!!!!!! But dont let that distract you from the fact there is 'no transparency' or whatever buzzword the keyboard warriors are using this week. You could use the drama on the FB page or WhatsApp even more so than anything on APC (apc is tame by comparison). All great choices for your Hollywood drama. Hell, pick all of them. |
Originally Posted by captnate702
(Post 4025251)
This. You are absolutely right. The fuel doubling overnight is meaningless to our passengers! In fact, business and revenue is sooooooo good right now that we are cancelling flights during our busiest months of the year. How does that make sense???
you must not know very much about this industry. Our closest peers are spirit and frontier. One is days away from liquidation, the other just fired their CEO and can’t make real profit post Covid. JetBlue hasn’t been profitable since pre COVID. This was all before fuel doubled overnight and there is no end in sight for how long this will go on. It’s already lasted twice as long as the experts predicted. now experts are saying fuel will stay high for at least several months. serious question: if business and revenue is so good the why are we cancelling hundreds of flights during June and July? |
Originally Posted by Bitcoin
(Post 4025289)
Those other airlines you mentioned have old, amendable contracts and are different enough to not be profitable. They can't quickly adjust capacity and do well in these short oil spikes. Which is the answer to your last question, revenue is up with lower capacity. Margins are protected with less flights that generate more rev with higher load factor and pricing. Other airlines can't do this with their high lease payments. You're implying we should be happy with these other airline's old pay because they are not doing well even though we have one of the highest airline margins. Did the company offer us a raise above the industry when oil was $50 barrel? But now they want concessions for the next 5-10 years because it will be elevated for a few months.
Well you just showed us all you couldn’t handle the economics of selling lemonade with your grand kids. |
Originally Posted by Bitcoin
(Post 4025289)
Those other airlines you mentioned have old, amendable contracts and are different enough to not be profitable. They can't quickly adjust capacity and do well in these short oil spikes. Which is the answer to your last question, revenue is up with lower capacity. Margins are protected with less flights that generate more rev with higher load factor and pricing. Other airlines can't do this with their high lease payments. You're implying we should be happy with these other airline's old pay because they are not doing well even though we have one of the highest airline margins. Did the company offer us a raise above the industry when oil was $50 barrel? But now they want concessions for the next 5-10 years because it will be elevated for a few months.
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Originally Posted by Bitcoin
(Post 4025289)
Those other airlines you mentioned have old, amendable contracts and are different enough to not be profitable. They can't quickly adjust capacity and do well in these short oil spikes. Which is the answer to your last question, revenue is up with lower capacity. Margins are protected with less flights that generate more rev with higher load factor and pricing. Other airlines can't do this with their high lease payments. You're implying we should be happy with these other airline's old pay because they are not doing well even though we have one of the highest airline margins. Did the company offer us a raise above the industry when oil was $50 barrel? But now they want concessions for the next 5-10 years because it will be elevated for a few months.
if everything at Allegiant is as rosy as you say, why are we cancelling hundreds of flights during two of the three months that we make over 75% of our profits??? if we are cancelling hundreds of flights in JUNE and JULY then something terrible is going on with the economy, industry, etc. The only other time we’ve cancelled flights like this during June and July was Covid. |
This ain't shaping up as no short oil spike....
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