Any "Latest & Greatest" about Delta?
11-04-2011 | 06:28 AM
Gets Weekends Off
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From: Capt
Yeah, right. Show me an example of where the pilot cost has been the reason outsourced flying was reduced, just pilot cost.
11-04-2011 | 06:37 AM
Get's Every Day Off
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From: Retired
j/k
11-04-2011 | 06:42 AM
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From: Port of Indecision and Southwest of Disorder
Lovely.....
MEMPHIS, Tenn. (AP) -- Pinnacle Airlines posted a third-quarter loss Thursday because of rising compensation costs and other expenses.
The loss was almost $3.5 million, or 19 cents per share, for the quarter that ended Sept. 30. For the same period last year, it had a profit of $9.4 million, or 51 cents per share.
Revenue rose 5.8 percent to $319.8 million, from $302.3 million a year ago.
Pinnacle said its net loss would have been $1.7 million, or 9 cents per share, if not for special items.
Analysts surveyed by FactSet had been expecting a profit of 1 penny per share on revenue of $311.1 million.
Pinnacle, which flies under contract for Delta Air Lines Inc. and other airlines, said it spent $2.9 million during the quarter, most of it on flight attendant bonuses that were awarded under a new labor contract. The expenses also included severance payments.
A new pilot contract that took effect in February boosted pilot expenses by $4.9 million for the quarter. It said it expects to be compensated for those higher costs by way of higher rates to be paid by Delta beginning in mmid-2012.
MEMPHIS, Tenn. (AP) -- Pinnacle Airlines posted a third-quarter loss Thursday because of rising compensation costs and other expenses.
The loss was almost $3.5 million, or 19 cents per share, for the quarter that ended Sept. 30. For the same period last year, it had a profit of $9.4 million, or 51 cents per share.
Revenue rose 5.8 percent to $319.8 million, from $302.3 million a year ago.
Pinnacle said its net loss would have been $1.7 million, or 9 cents per share, if not for special items.
Analysts surveyed by FactSet had been expecting a profit of 1 penny per share on revenue of $311.1 million.
Pinnacle, which flies under contract for Delta Air Lines Inc. and other airlines, said it spent $2.9 million during the quarter, most of it on flight attendant bonuses that were awarded under a new labor contract. The expenses also included severance payments.
A new pilot contract that took effect in February boosted pilot expenses by $4.9 million for the quarter. It said it expects to be compensated for those higher costs by way of higher rates to be paid by Delta beginning in mmid-2012.
This has been known for quite some time and is relatively normal for ASA's. Delta is also picking up the tab for part of the training of pilots due to the associated sale of Mesaba to Pinnacle.
11-04-2011 | 06:46 AM
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Well, considering more and more of the ground personnel are out sourced, what other differential expenses are there? Pilot costs and F/A costs. Most other things share the same 3rd party expenses.
11-04-2011 | 07:14 AM
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From: Baja Vermont
Waves
Actually, not true. The FAA threatened fines and action against BA and backed down when presented with the Captain's authority in FAR 121 to continue the flight to LHR on three. If you don't think it is safe, how come we operate twins which start out with less redundancy of the 747 with three running and all systems operating. Heck, many 747 take-offs are at high assumed temps and power so reduced to be essentially three engine power.
GF
Actually, not true. The FAA threatened fines and action against BA and backed down when presented with the Captain's authority in FAR 121 to continue the flight to LHR on three. If you don't think it is safe, how come we operate twins which start out with less redundancy of the 747 with three running and all systems operating. Heck, many 747 take-offs are at high assumed temps and power so reduced to be essentially three engine power.
GF
11-04-2011 | 07:15 AM
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From: Capt
So, no examples of a feeder airline's flying being reduced due to pilot cost for us? I don't think an added expense is a good thing with regards to PNCL pilot's, sorry
11-04-2011 | 08:17 AM
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11-04-2011 | 08:27 AM
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From: maddoggy dog
All the way down in the mergers and acquisitions forum someone thinks Delta is going to buy Evergreen. Guess were gonna start flying freight again......
11-04-2011 | 08:41 AM
Can't abide NAI
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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
11-04-2011 | 08:46 AM
Can't abide NAI
Joined: Jun 2007
Posts: 12,078
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From: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Same attorneys that failed to even think about IROPS resulting in expenses for passenger accommodations on diverts. After the argument between mainline management and the service providers "they are your passengers!" "No they are not, they are yours" resulted in people spending the night on RJ's, Congress stepped in and gave us the Passenger Bill of Rights.
Regional Chief Pilots (D.H. comes to mind), congratulations! Your lousy management skills were awarded with an Act of Congress.
Who the hell drafts these agreements?Regional Chief Pilots (D.H. comes to mind), congratulations! Your lousy management skills were awarded with an Act of Congress.
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