Envoy Information
#691
Banned
Joined APC: Jun 2008
Posts: 8,350
I wouldn't look too much into the "desperation" as you call it. As much as I hate DUI Doug and Co. when they say they're going to do something, they do it.
You're right in terms of choosing a regional and I would never recommend everyone to come to envoy or jump-ship in a lateral move. But it's not a bad place. If I could roll back the clock 8 years and go to republic, PSA, PDT, skywest, TSA, GoJet, AWAC, or any other I don't think I would change a thing. Upgrading quickly isn't everything, but maybe that's just me.
You're right in terms of choosing a regional and I would never recommend everyone to come to envoy or jump-ship in a lateral move. But it's not a bad place. If I could roll back the clock 8 years and go to republic, PSA, PDT, skywest, TSA, GoJet, AWAC, or any other I don't think I would change a thing. Upgrading quickly isn't everything, but maybe that's just me.
#692
Banned
Joined APC: Jun 2008
Posts: 8,350
Yup, AMR f'd them for sure with the A-Fund. Notice how I said AMR, not AAG. Listen man, it's not called a lost-decade for nothing. People got hosed big time, nobody is arguing that. However, I would hardly say that the past-precident of a defunct management should be the reason why someone does not put value in our flow. Is it perfect? No way. But it's what we have, it's not too bad, and it's working as advertised.
#695
Gets Weekends Off
Joined APC: Aug 2011
Posts: 219
CRJ aircraft transfer from Envoy to PSA slowed for 2015. Deliveries to PSA reduced by a third for 2015 but will resume to normal rate in 2016.
Captain vacancy bid expected to be announced within next couple of days.
Current projections show new hire to captain in 2.5 years and flow to mainline in 6.
Captain vacancy bid expected to be announced within next couple of days.
Current projections show new hire to captain in 2.5 years and flow to mainline in 6.
#696
Banned
Joined APC: Jun 2008
Posts: 8,350
CRJ aircraft transfer from Envoy to PSA slowed for 2015. Deliveries to PSA reduced by a third for 2015 but will resume to normal rate in 2016.
Captain vacancy bid expected to be announced within next couple of days.
Current projections show new hire to captain in 2.5 years and flow to mainline in 6.
Captain vacancy bid expected to be announced within next couple of days.
Current projections show new hire to captain in 2.5 years and flow to mainline in 6.
#698
Gets Weekends Off
Joined APC: Aug 2011
Posts: 219
I may make forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” “would,” “continue,” “seek,” “target,” “guidance,” “outlook,” “if current trends continue,” “optimistic,” “forecast” and other similar words. Such statements include, but are not limited to, statements about future financial and operating results, the Company’s plans, objectives, estimates, expectations and intentions, and other statements that are not historical facts. These forward-looking statements are based on the Company’s current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to the following: significant operating losses in the future; downturns in economic conditions that adversely affect the Company’s business; the impact of continued periods of high volatility in fuel costs, increased fuel prices and significant disruptions in the supply of aircraft fuel; competitive practices in the industry, including the impact of low cost carriers, airline alliances and industry consolidation; a Company’s substantial indebtedness and other obligations and the effect they could have on the Company’s business and liquidity; an inability to obtain sufficient financing or other capital to operate successfully and in accordance with the Company’s current business plan; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the effect the Company’s high level of fixed obligations may have on its ability to fund general corporate requirements, obtain additional financing and respond to competitive developments and adverse economic and industry conditions; the Company’s significant pension and other post-employment benefit funding obligations; the impact of any failure to comply with the covenants contained in financing arrangements; provisions in credit card processing and other commercial agreements that may materially reduce a Company’s liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; any inability to maintain labor costs at competitive levels; interruptions or disruptions in service at one or more of the Company’s hub airports; costs of ongoing data security compliance requirements and the impact of any significant data security breach; any inability to obtain and maintain adequate facilities, infrastructure and slots to operate the Company’s flight schedule and expand or change its route network; a Company’s reliance on third-party regional operators or third-party service providers that have the ability to affect the Company’s revenue and the public’s perception about its services; any inability to effectively manage the costs, rights and functionality of third-party distribution channels on which a Company relies; extensive government regulation, which may result in increases in a Company’s costs, disruptions to a Company’s operations, limits on the Company’s operating flexibility, reductions in the demand for air travel, and competitive disadvantages; the impact of the heavy taxation on the airline industry; changes to the Company’s business model that may not successfully increase revenues and may cause operational difficulties or decreased demand; the loss of key personnel or inability to attract and retain additional qualified personnel; the impact of conflicts overseas, terrorist attacks and ongoing security concerns; the global scope of the Company’s business and any associated economic and political instability or adverse effects of events, circumstances or government actions beyond its control, including the impact of foreign currency exchange rate fluctuations and limitations on the repatriation of cash held in foreign countries; the impact of environmental regulation; the Company’s reliance on technology and automated systems and the impact of any failure of these technologies or systems; challenges in integrating the Company’s computer, communications and other technology systems; losses and adverse publicity stemming from any accident involving any of the Company’s aircraft or the aircraft of its regional or codeshare operators; delays in scheduled aircraft deliveries, or other loss of anticipated fleet capacity, and failure of new aircraft to perform as expected; the Company’s dependence on a limited number of suppliers for aircraft, aircraft engines and parts; the impact of changing economic and other conditions beyond the Company’s control, including global events that affect travel behavior such as an outbreak of a contagious disease, and volatility and fluctuations in the Company’s results of operations due to seasonality; the effect of a higher than normal number of pilot retirements and a potential shortage of pilots; the impact of possible future increases in insurance costs or reductions in available insurance coverage; the effect of a lawsuit that was filed in connection with the merger transaction with US Airways Group, Inc. and remains pending; an inability to use net operating losses carried forward from prior taxable years (NOL Carryforwards); any impairment in the amount of goodwill the Company recorded as a result of the application of the acquisition method of accounting and an inability to realize the full value of the Company’s and American Airlines’ respective intangible or long-lived assets and any material impairment charges that would be recorded as a result; price volatility of the Company’s common stock; the effects of the Company’s capital deployment program and the limitation, suspension or discontinuation of the Company’s share repurchase program or dividend payments thereunder; delay or prevention of stockholders’ ability to change the composition of the Company’s board of directors and the effect this may have on takeover attempts that some of the Company’s stockholders might consider beneficial; the effect of provisions of the Company’s Restated Certificate of Incorporation and Amended and Restated Bylaws that limit ownership and voting of its equity interests, including its common stock; the effect of limitations in the Company’s Restated Certificate of Incorporation on acquisitions and dispositions of its common stock designed to protect its NOL Carryforwards and certain other tax attributes, which may limit the liquidity of its common stock; and other economic, business, competitive, and/or regulatory factors affecting the Company’s business, including those set forth in the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2015 (especially in Part II, Item 1A, Risk Factors and Part I, Item 2, Management’s Discussion and Analysis of Financial Condition and Results of Operations sections) and other risks and uncertainties listed from time to time in the Company’s other filings with the SEC. There may be other factors of which I am not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed.
Last edited by jdflyer1999; 06-05-2015 at 10:02 AM.
#700
Gets Weekends Off
Joined APC: Mar 2014
Posts: 484
This has nothing to do with Envoy being rewarded, and everything to do with Republic unable to meet its contractual commitments. AAG isn't just going to sit around and watch flights cancel when they can make Envoy fly it with no added cost.
Your only play here is to hope that there's plenty of naive newbies to sign onto the bottom of the seniority list to keep the place afloat.
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