Thatflyguy

Any updated info as far as when classes might start up again?

LunaMia

I am waiting to hear some good news too. I hope there will be a class soon.

CardboardCutout

Nothing directly regarding hiring, but I did hear that the gear collapse airplane will be back in operation soon. Hopefully that means any hiring slow down will be short. Hope to see you guys soon.

Thatflyguy

Got it, thanks for the update!

ObadiahDogberry

From my friend who just did recurrent: most likely one more 767 class this year, and possibly a small 777 class.

Thatflyguy

Ok that's great to hear, thanks

TheCosmopolitan

Here a quick update for those who were not able to follow today’s investor call following the Q3 financial results.

ATSG, Omni’s parent company, is doing really well. The reason is that the cargo operation (ABX, ATI) is generating massive revenue and profit growth. This will continue in the next years, as the cargo fleets will expand further with more 767s to come. Long term contracts (including with Amazon) are already signed and rates are up.

Omni, on the other hand, is suffering from the pandemic. Commercial flying in the third quarter was down by 80% (compared to last year, based on block hours), and the fourth quarter looks even worse. The fourth quarter is traditionally weak for Omni anyway, but now it looks like there could actually be zero additional revenue from commercial operation until the end of this year.

There is some hope that maybe Omni’s situation improves sometime next year, but it's uncertain.

There was no mentioning of layoffs or furloughs, but it seems obviously that Omni is currently overstaffed on the crew side.
Although it was not mentioned explicitly, it is safe to assume that there will not be any new pilot training for quite some time. Just my two cents…

CardboardCutout

It doesn't *feel* like we're overstaffed, out on the line. I think this may be largely down to Covid, though, as it seems like they're being forced to spend a lot more time getting people positioned. A lot of short call reserve being pulled in mx bases where a year ago we'd probably have been sitting long call at home. Still hoping they'll at least empty out the pool before they pull the plug.

saxman66

We get very little information from the company about how busy we are. Also something tells me someone is getting ready for contract negotiations. Seems pretty convenient.


Sent from my iPhone using Tapatalk

HeavyDriver

Yep, the flying business at Omni is so slow that scheduling is holding pilots out and asking for volunteers to fly on off days. Yep, the sky is falling, but then again the scheduling department does stupid things with crews.