boeingdvr

oh yeah. And things will move quickly. Especially our recent NH’s. Now they have a shiny heavy type, a huge leg up on their former peers @ the RJ’s.

CRJJ

You guys are really senior and have experienced all this several times. But as a naive newbie, you ask yourself, why on earth wouldn't management care about all this? better to make big money long term that keep doing all this?. Or for them it's all about short term and milking the pilot group no matter what. Just wondering and trying to learn a bit here.

akfrtdwg 57

It’s a holding company. Short term gain. They are padding their own portfolio and pocketbooks before they make an exit. This isn’t a place they intend on making a personal legacy. What’s the gain from that?

RyeMex

Keep in mind that the “Company” that the C-suite refer to is very, very different from the “company” that deals with any pilots. When JD and JC et al. talk about the “Company”, they’re talking about AAWH. If you’re a pilot, the only “company” that deals with you is either Atlas Air Inc. or Southern Air. So, there could be some great deals being made that means a ton of profit for the “Company” that the c-suite work for that also would put you and I out on the street. Unfortunately, our interests are not aligned.

hindsight2020

Is that sarcasm? Only ask because it's hard to tell when in written form. There's several "YT influencers" already making the rounds about their shiny 747 type ratings, and the accompanying horde of pedestrians congratulating her on the upgrade. Garbage in garbage out type thing.

TiredSoul

Not senior lol.
Here is my working theory and that’s all it is.
AAWH has one thing in common with UPS and Fedex, they’re a transportation company that happens to use airplanes.
So don’t look at it likes it’s an airline because it isn’t really. Not sarcastic just an observation.
None of the big market mechanisms that affect a Major airline apply. Public trust, public image, corporate branding, economic up and down swings. None of that really applies.
Just to state the obvious, record profits when passenger Airlines are trying to stay afloat putting freight on pax birds.
The reason this is so profitable is that the cost of shipping has gone anywhere from double to quadruple to maybe even tenfold on some routes.
So the profit margins of AAWH are really inflated and temporary.
You can’t demand a new contract based on temporary numbers.
I’m no economist but I keep reading about financial indicators pointing towards a global economic downturn in the next 1-3 years.
So paying more based on inflated numbers with an uncertain future is just bad business.
Not a popular working theory I know.

Elevation

It comes down to incentives. The incentives for managers and large-scale traders who own large quantities of stock is to run the price up and cash out. The incentives for other leaders is to position for promotion or to get into new position in government or industry. All of that encourages short-term thinking. Anything more than 5 years out is another person's mess to clean up.

For us schmucks the goal would be to keep the company alive and strong in the long term. Our incentive is to keep making a living until we can retire or move on. The only thing that aligns management with our goals, really, is ego and career planning. If some guy wants to have a legacy and move on to leading a shipping company, they have to make sure they aren't the guy in charge when the whole house of cards collapses.

The good news is that this is normal. So we swim in the same sea of business hazards as everyone else. It's on us to keep our eyes open. The bad news is that many have failed before us. The consequences of seeing inaccurately are nasty. All parties that present information filter it through their own prisms. That makes our work harder, but it's still manageable.

Screwed

Gee....maybe we should put off asking for any kind of raise then. I mean if the company is going to be facing a global economic downturn in the next few years.

Isn't the future always uncertain? Did not the so called experts tell us that Donald Trump was going to cause the biggest recession in U.S. History? Did they not also say it would lead to a U.S. Depresssion? Then a World Depression!

Maybe the transportation companies will continue to benefit from online orders and increased imports, thereby not suffering from a global economic downturn. Even with a vaccine, who wants to go to a brick and mortar store when you can order online and get a better price.

Shark

Is there any news regarding class dates that begin in 2021?

TiredSoul

Thats right you started a Don’t come to Atlas thread in ‘17.
Have you left yet?
I said it was my working theory I wasn’t asking for your approval.