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Old 10-31-2018 | 05:47 PM
  #171  
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Originally Posted by Folove
Lmao. Wow

I guess they like spending millions on hotels.
You wouldn’t come to work with a zero time line and you’re responsible for the company’s portion of your healthcare.
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Old 10-31-2018 | 06:06 PM
  #172  
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Originally Posted by chrisreedrules

Part of me wonders if AAG is so reluctant to raise wages for other reasons. Maybe they see some economic hiccups on the horizon...
There is only one direction for the economy to go when it's running at break neck speed. Its inevitable, question is just when.

-Keep the dirty side down
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Old 10-31-2018 | 06:30 PM
  #173  
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Originally Posted by 3GreenKSNA
There is only one direction for the economy to go when it's running at break neck speed. Its inevitable, question is just when.

-Keep the dirty side down
Good point. Look at the stock market last few weeks. Can you say “CORRECTION”?
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Old 10-31-2018 | 06:30 PM
  #174  
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Originally Posted by NeedsMoreCowbel
This is just a message out to anyone wanting to work here at envoy. I would highly recommend not coming right now because they have totally over staffed every aircraft except for the 175. If you get the 145 expect to sit reserve for atleast a year, unless you get New York then it’s around 3. If you happen to get the CRJ like me, you should seriously walk out of your Indoc class. Do not take the bonus because it is such a large amount that you will be forced to stay. If you are a cadet or an older person then by all means come and fly the 175, however for the majority of people you will get screwed and held against your will over $22,100. IF YOU are a direct entry captain, absolutely do not come to envoy for the next 6 months. CRJ Captain staffing is very bad right now and they are putting them right on it where they will fly 80 hours a month and be controlled by Crew Scheduling for atleast a year. After the recent announcement that we will go from 50 lines to 35 by March then you will probably sit reserve for a year and a half or more. Please do not make this mistake. I wish someone could’ve told me.
Envoy gets worse day by day. First management refuses to even talk about a pay increase. The union yesterday sent out a email stating that the company is not interested in pay increases. Second QuickTrade goes down. Now less than half the company knows how to use DECS. Enovy makes things not great but harder and harder to work for. I suggest that you get your 1000 hours upgrade and go some where else. This company does not care about its employees. The other day I read that our great leader and CEO Pedro is one of the best CEO in Dallas. He is quoted by saying that it is because he belivies he has the best employees. Well if that is the case start paying them. DO NOT COMe TO ENOVY! Enovy is 1st in worst pay!
Enovy has the worst reserve rules!
Envoy computer system is horrible!
Envoy’s management is the worst they never return thier emails no communication with its employees.
If you are a young kid think twice about coming here. There are many opportunities that can get you to the majors the flow is not worth it.
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Old 10-31-2018 | 06:44 PM
  #175  
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Default Envoy keeps getting worse and worse

If you are looking for work don’t come to Envoy. Enovy is one of the lowest paid pilots and there is no pay increase in the near future. The other day the union put out a email stating that management is not interested in a pay increase for its pilots. Also the company shut down the QuickTrade application where 90% of the pilot group uses to pickup, trade thier trips. Also management is horrible. The CP office will not return your emails. Once my time was up from being on probation it took me over a week of emailing the CP office on a daily basis to get a reply. Senior management is not in touch with its employees. Pedro wins the best CEO award in Dallas and says it’s because it has the best employees. However they do not want to pay or award us for our hard work. The flow is is a joke. I would suggest if you are working at Enovy is to get your 1000 hours upgrade to Captain and leave. You are very marketable. This company is trying to go for great! Well this is what it is great about the company..great at paying the worst,great at not communicating, great at worst reserve rules in the industry, great at unproductive lines.
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Old 10-31-2018 | 08:11 PM
  #176  
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Originally Posted by pitchattitude
Good point. Look at the stock market last few weeks. Can you say “CORRECTION”?
October is traditionally a more volatile month than others but some experts are predicting the beginning of a bear market. And Wall Street is certainly spooked about AAG’s debt and earnings.
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Old 10-31-2018 | 08:21 PM
  #177  
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From: Whale FO
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Originally Posted by chrisreedrules
October is traditionally a more volatile month than others but some experts are predicting the beginning of a bear market. And Wall Street is certainly spooked about AAG’s debt and earnings.
They are the same experts who have been predicting it for the past 5 years. Eventually they will be right.

Not to say it's not happening, but "Wall Street Expert" is pretty much an oxymoron.

AA is rolling in cash, and they have borrowed at a very cheap rate. Almost all of their fleet renewal is funded. They are in a very good place right now.
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Old 11-01-2018 | 03:17 AM
  #178  
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I’ll say this for years of no flying reserve, my portfolio is way outperforming all the major indices.
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Old 11-01-2018 | 04:10 AM
  #179  
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Originally Posted by dera

AA is rolling in cash, and they have borrowed at a very cheap rate. Almost all of their fleet renewal is funded. They are in a very good place right now.
Lol. Wut?

AA has $4 billion in cash on hand and $22 billion in debt. Last time they filed bankruptcy they had $2 billion with far less debt. They also have pension plans that need funded, mechanics and pilots are both up for new contracts, etc. Wall Street sees this is a very unstable place right now...and the economy is doing great!
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Old 11-01-2018 | 04:15 AM
  #180  
In a land of unicorns
 
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From: Whale FO
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Originally Posted by CaptJackSparrow
Lol. Wut?

AA has $4 billion in cash on hand and $22 billion in debt. Last time they filed bankruptcy they had $2 billion with far less debt. They also have pension plans that need funded, mechanics and pilots are both up for new contracts, etc. Wall Street sees this is a very unstable place right now...and the economy is doing great!
Lol right back at ya'.

Time will tell. Their loan rates are really, really low, and their fleet renewal has been funded.
There's nothing wrong with debt as long as it's with reasonable rates. Even JPM said their rates are really low. And they usually don't like AA.
Their buyback timing was pretty horrible, but apart from that, there's nothing that suggests it's unstable.
"very unstable", yea right.
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