MoarAlpha

On that same line of thought, would you invest in the same company you work for? Regardless of the industry you are in, why would you put all your eggs in one basket? Likewise, a CEO does not have enough pull to "fix" a company alone. They can hire intelligent people to work with them, but to say just because you believe in the company you should hold a large portion of your equity in it doesn't seem like a good idea. IMHO, which doesn't matter for *******, I would sell company stock as soon as it is allowed and diversify outside of my own industry.

Akutan Bandit

Oh, I just realized my mistake...and overreaction. You meant, wouldn't I sell under my own leadership a stock acquired at the cost of the broader equity shareholder base? Yes, I certainly would. I'd treat it like toilet paper, because that's how I view my own leadership of the company.

Akutan Bandit

The wealthiest people in the world have concentrated ownership of their own efforts.

gollum

A downturn in passenger world is bad news for Atlas pilots if/when furloughs happen.

ZR29907

Cargo/ACMI will be just fine. It's charter I'd be worried about..

Globemaster2827

It looks to me like it'll be probably another 6 months for everything to be fully back on line... Then who knows if they'll hire through the Fall... Atlas's big leverage point was the attrition. That's going away for most of this year.

BlueSkies

I think you're missing the point. More guys will take a job with Atlas in a bad pilot market making it easier for the company to continue dragging its feet on the contract.

Globemaster2827

Less guys will leave as well... Also, if people get furloughed... Atlas will probably take some of those as a band aid. This really bails Atlas out on the manning front when they were completely on the ropes.

Turbine1

Pretty amazing how the best hiring market in decades is about to become the worst hiring market in decades, all in the span of a week.


What little leverage the union had thru attrition is gone. They can keep delaying thru the courts but the end result will be arbitration, and a bankruptcy level contract in 3-4 years if we ever get one. In the meantime Atlas management will cry poor and hold out their hand for some of that government cheese as freight rates soar and they're compensated at a level higher than the legacy carriers CEO's. You won't see any AAWW execs volunteering to cut their pay to "share the pain".


If we're broken up and sold to Amazon which looks more likely with each passing month, those coming here for refuge and the rest of us will join the thousands of furloughed looking for a job with Prime Air or any pilot job.

Diesel8

This is what Atlas management has been waiting for the last 2-3 years and admitted as much during one of their recurrent company briefings. They know the cyclical nature of the pilot's market and were waiting for the downturn. Now they are wringing their hands with glee.

Strategically what they will do is use the whole world situation to throw the company into bankruptcy, come out with a bankruptcy CBA that is categorically WORSE than what exists currently. Then they will start hiring furloughees, as they will be the only game in town. That CBA will be set in stone.

When things will settle out, and the market will hopefully rebound, they will continue their game of stalling any negotiations.

The most draconian company management ever. They see no value in any of their employees, period.