L-ASA (ExpressJet CRJ side)
#931
Gets Weekends Off
Joined: Sep 2011
Posts: 707
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From: lav dumper
It looks like United is putting cash into XJT. I cannot comment into where I see this. But, the same thing happened to keep Colgan/Pinacle afloat at the end before they slit their contractual throat. The difference is that Pinnacle was asking for help from UA because the Q and the crash was killing them financially. We have not asked for that help, if it is indeed being received. The bonus will have to come from somewhere though. Also, negotiations are happening and Endeavor has set the bar high on hourly pay. Game on....
And given this Q3 earnings snippet here:
"UAL reported third-quarter net income of $637 million, diluted earnings per share of $2.12, pre-tax earnings of approximately $1.0 billion and pre-tax margin of 9.9 percent.
Excluding special charges, UAL reported third-quarter net income of $669 million, diluted earnings per share of $2.22, pre-tax earnings of $1.0 billion and pre-tax margin of 10.4 percent.
UAL repurchased $556 million of its common shares in the third quarter, bringing the year-to-date share repurchases to $1.3 billion.
UAL delivered the best-ever third-quarter consolidated on-time departures in the history of the company, and employees earned $11 million in bonuses for operational performance."
We should be burning this place down. They have the money to pay.
#932
Gets Weekends Off
Joined: Jan 2017
Posts: 166
Likes: 0
It looks like United is putting cash into XJT. I cannot comment into where I see this. But, the same thing happened to keep Colgan/Pinacle afloat at the end before they slit their contractual throat. The difference is that Pinnacle was asking for help from UA because the Q and the crash was killing them financially. We have not asked for that help, if it is indeed being received. The bonus will have to come from somewhere though. Also, negotiations are happening and Endeavor has set the bar high on hourly pay. Game on....
#934
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Joined: Mar 2005
Posts: 1,888
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I don’t think UAL can afford to Comair XJT right now. This is not 2012. They need the feed and right now all the pilots are going to their competitors- Envoy and Endeavor. Inc can’t do all the UAL flying while also servicing their other contracts. Like it or not you can’t fill larger airplanes without smaller airplanes doing the feed from the thinner markets. When the 145s start getting parked because there are no pilots willing to fly for UAL feeders it will hurt the bottom line and if they have have a brain UAL management knows this.
But we shall see. If there is no good news by January, and I mean real good news not “we are getting rid of the -200’s to concentrate on dual class flying” good news, there won’t be enough warm bodies to finish the DAL contract.
But we shall see. If there is no good news by January, and I mean real good news not “we are getting rid of the -200’s to concentrate on dual class flying” good news, there won’t be enough warm bodies to finish the DAL contract.
#936
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Joined: Jul 2013
Posts: 5,231
Likes: 65
Because up until the annoucement in August/Sept, that’s pretty much what they were doing to the ERJ side of XJT.
To the tune of about 5 planes month and NO PLAN for the ERJ’s after 2018.
#937
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Joined: Mar 2005
Posts: 1,888
Likes: 0
Yeah, it is the same airline that said they could afford to lose money on domestic routes as they were making a killing on 747’s. Same plan Pan Am had and worked out as well when international flying plummeted between 9/11 and SARS. Empty 747s are expensive.
#938
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Joined: Feb 2016
Posts: 615
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I think this is precisely what will happen. While Brad Holt told us that pilots aren't as smart as they think they are, we're also not blind either. By my estimates, the DAL operation will implode by summer, and without any REAL growth, the ERJ will follow suit possibly by early 2019. It's gonna take more than $10k and a junk CPP to keep most of us dumb pilots around.
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