Re: RAH
After reading these silly forums for years, it is safe to say that almost everyone agrees that the outsourcing of "regional" flying has been single most detrimental and destructive action towards the quality of our careers. Most wish that we could go back in time and NOT allow outsourcing. If it's an airplane with a specific brand/paint job, it should be flown by flight crews under one seniority list. No matter the size, number of seats, or distance flown. This provides the most protection to the unionized labor at the company.
Now look at RAH. A low cost major airline has become one with a regional airline. A major airline and regional airline will become one seniority list, represented by the same union, and protected by the same contract. This is a good thing. ------ The down side of that is the pilot against pilot, union against union fighting will take years to smooth out. I doubt we will all see eye to eye before the company fails. ------ I do think this company will fail. There is little hope that this company will survive more than a few years. Every day that I go to work, I am amazed that any of us actually work here. It is an incredibly negative work environment, and it is due to our companies inability to run itself effectively and efficiently. I could go on for pages about how poorly this place is managed, but everyone has read it before. It is turning into a blend of mesa and trans states holdings. From the crews on the line, mx, or the folks on the other end of the phone.....everyone is unhappy and looking to get out. Turnover in every department will be huge, moral will only get worse, and the company will hemorrhage money due to ineffective upper/middle management, training costs, and the mistakes of the under qualified ill and ill trained. ----- The next few years should be interesting. |
Mod Edit: wrong graph deleted
Looks like their management is doing ok to me. Much to my chagrin... |
Originally Posted by satchip
(Post 977418)
Looks like their management is doing ok to me. Much to my chagrin...
|
Originally Posted by satchip
(Post 977418)
Mod Edit: wrong graph deleted
Looks like their management is doing ok to me. Much to my chagrin... IMO the only thing that will keep the "Indy Air Group" in question in business for a sustainable timeline is the continued increase of outsourcing quantity and gauge and some kind of domestic code sharing windfall loophole to continue to subsidize their "independant" operation. |
Really, I just need this place to survive for the next few years. By then, EVERYONE will be hiring.
Oh, and here's the stock. Once $24, today $5.88 http://www.bloomberg.com/apps/chart?...bw.xml&img=png |
Originally Posted by 170Homie
(Post 977443)
Really, I just need this place to survive for the next few years. By then, EVERYONE will be hiring.
+1 to that |
Originally Posted by gloopy
(Post 977434)
Yeah but most of that graph is cushy guaranteed profits with free fuel. SKYW is flush with cash and their profitibility graph is probably similar. All either means is that they have experienced pant splitting growth in the guaranteed profit free fuel market segment with ever larger airplanes. The question will be is that sustainable. Indy Air tanked pretty quick once truly on their own and even dirt cheap Mesa had trouble in the guaranteed profit free fuel sector.
IMO the only thing that will keep the "Indy Air Group" in question in business for a sustainable timeline is the continued increase of outsourcing quantity and gauge and some kind of domestic code sharing windfall loophole to continue to subsidize their "independant" operation. What if he snags contracts with Emirates et al? Every pilot that has aspirations of every flying for a major and making more than regional wages has a stake in this. Republic must be quashed. This flying across certificates to bypass scope clauses must be quashed. |
Originally Posted by satchip
(Post 977418)
Looks like their management is doing ok to me. Much to my chagrin... |
Originally Posted by 170Homie
(Post 977443)
Really, I just need this place to survive for the next few years. By then, EVERYONE will be hiring.
|
Originally Posted by iaflyer
(Post 977448)
I think this is the chart you meant. http://chart.finance.yahoo.com/z?s=R...n-US®ion=USAlthough many airline stocks have tanked, I'd be a little annoyed as a stockholder if my stock had gone from 20 to 6 in two years.
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