There is no legitimate argument for pay being too high at any regional airline in the entire country. If anything, there are many signs that management has gone to far in cutting pay and benefits at all the regionals, and are just now starting to come to the realization that there are no longer thousands of eager beavers just waiting to work for peanuts.
As far as your shareholders go, the airlines are making more money than any time in recent history. Oil prices are down well over 50% from June of last year, and yet the airlines haven't dropped their fuel surcharges, or any of their other ancillary fees. Oil experts have predicted a chance of oil dropping even further as oil storage in the U.S. is believed to be at or above 80% of capacity countrywide.
There was never a need for any of the concessions recently taken by several of the regional pilot groups, and in fact the current staffing issues at many regionals would actually support the need for vast improvements in pay and benefits if those regionals hope to continue to operate.

The legitimate argument is that they are contractors, NOT mainline. Mainline is making the record profits, not the contractors. The regionals have very little room to do much under this model, that is why it is up to us, the pilots, to force change of that model. At ExpressJet, the pilots did stand up in the face of the race to the bottom and voted against pilots subsidizing a broken model and an inadequate management team. This act forced Skywest (who owns us) to start looking for other ways to save money, namely by increasing efficiency and by appointing better managers. Our refusal to cave, got the old mgmt fired! So change can happen.

God, you're so annoying. Quit acting like you left envoy. You're not fooling anyone.

The Union mentioned a few days ago that there will NOT be any retention bonuses because they are overstaffed for the final fleet count number over the next 18 months.

Agreed. The OP was still misleading by not bringing up the other half of the paragraph stating that Pedro was working on an FO bonus. That bonus has been shot down. Doesn't change that he was working on it.

It is over for envoy I fear. People like Jerry Glass and Doug Parker are soul less in their endeavor to ruin young peoples careers by keeping them in place at a failing airline, until they can shut the place down on their schedule. Actions such as these are truly all that is wrong with our world. I feel horrible for my FOs and hope they see the writing on the wall: Shrink to shutdown or get out now.

If I were at Envoy I'd already be one foot out the door. Several airlines are growing and hiring, and lots of 135/91 flight departments are as well. I wish you all the best and I hope everyone lands on their feet and gets where they want to be.

But you forgot about the MU2.....errr... Uhhhh...never mind.

Took it long enough to get here!

Holly thread revival Batman!