Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major
Virgin America a hit, but losing money >

Virgin America a hit, but losing money


Notices
Major Legacy, National, and LCC

Virgin America a hit, but losing money

Old 08-05-2012 | 08:51 AM
  #11  
Bocaflyer's Avatar
GO Phins!!
 
Joined: Jul 2005
Posts: 257
Likes: 0
From: A320 CA
Default

Originally Posted by gloopy
Its a matter of degree. He isn't doing it on every seat every flight, or even half the seats on every flight. But he's doing it as a way to "legally" launder his dirty foreign money into his "American" company. 5 seats here, 10 seats there, and not on every flight but at the end of the year it really adds up. But the majority of his dirty foreign money is coming from hand picked "US investors" with "US money" locking in double digit bonded non defaultable returns backed by his 100% foreign money. And Gandalf didn't tell me that. A very high level VP (or higher) at a major US airline did. They are on to him but the DOJ is under massive pressure to look the other way as long as he has a thread of pseudo-legality to point to and as long as he keeps the amounts in question below a certain point of public outcry.
Wow. The DOJ is scared of a rich money launderer now? Aren't they all rich?? Jesus man, listen to yourself. Lose the hate and conspiracy theory, the British are NOT coming after all. We won the war. Reeelax!
Reply
Old 08-05-2012 | 09:03 AM
  #12  
Gets Weekends Off
Liked
25M+ Airline Miles
Line Holder
Gets Weekends Off
 
Joined: Jul 2010
Posts: 12,823
Likes: 166
From: window seat
Default

Originally Posted by Bocaflyer
Wow. The DOJ is scared of a rich money launderer now? Aren't they all rich?? Jesus man, listen to yourself. Lose the hate and conspiracy theory, the British are NOT coming after all. We won the war. Reeelax!
Not scared of him, but there is massive political pressure from many angles. Regulators and lawmakers will let things slide as long as someone is a glorious "LCC" because regardless of their stance on labor, they ALWAYS benefit more constituents by promoting cheap labor (number of pax) than protecting the few within labor (number of airline employees). There is also massive foreign pressure from our "ally" that we have a "special relationship" with to let VX stay around and grow to critical mass. In addition to that, even though VX is diverting capacity from higher paying jobs to lower (yes I know, you upgrade in 15 minutes which is a "raise") its still jobs in a tough economy in an extremely influential state and concentrated in an extremely influential district of a senior congress critter. There is a ton of political pressure to look the other way and let VX keep growing.

I'm sure you like your company and if it makes it you will be an uber genius for having gone there, seniority jumping the entire industry by 20 or 30 years compared to just about anywhere else. That's the lure of a start up, and why the kool aid flows so deeply within them.
Reply
Old 08-05-2012 | 09:14 AM
  #13  
Bocaflyer's Avatar
GO Phins!!
 
Joined: Jul 2005
Posts: 257
Likes: 0
From: A320 CA
Default

Originally Posted by gloopy
Not scared of him, but there is massive political pressure from many angles. Regulators and lawmakers will let things slide as long as someone is a glorious "LCC" because regardless of their stance on labor, they ALWAYS benefit more constituents by promoting cheap labor (number of pax) than protecting the few within labor (number of airline employees). There is also massive foreign pressure from our "ally" that we have a "special relationship" with to let VX stay around and grow to critical mass. In addition to that, even though VX is diverting capacity from higher paying jobs to lower (yes I know, you upgrade in 15 minutes which is a "raise") its still jobs in a tough economy in an extremely influential state and concentrated in an extremely influential district of a senior congress critter. There is a ton of political pressure to look the other way and let VX keep growing.

I'm sure you like your company and if it makes it you will be an uber genius for having gone there, seniority jumping the entire industry by 20 or 30 years compared to just about anywhere else. That's the lure of a start up, and why the kool aid flows so deeply within them.
Some updates for you. Upgrades take 3-4 years at present; if you want to sit reserve or not. Most pilots here came from 20-30 years of failed carriers just like myself. Plenty of time and experience in the wrong jobs. We didn't come here to drink kool aid, we came here to get off of unemployment and feed our families. And like the legacies and else where, we have a large share of Regional captains that came here, because god forbid they were tired of Mesa and the likes.

Save the insults in our general direction, just because I don't believe your boogie man stories. I know for a FACT that 99% of your post is incorrect. I have better sources than a friend of a friend of a VP said. Lol. Have a good day man, it's Sunday go spend time with the family! Every now and then my wife bans me (mercifully) from APC and FI, and I spend about 3 happy years in exile. I'm starting to remember why.
Reply
Old 08-05-2012 | 09:39 AM
  #14  
Gets Weekends Off
 
Joined: Aug 2007
Posts: 378
Likes: 0
From: Skeptical
Default

Originally Posted by Bocaflyer
Lose the hate and conspiracy theory, the British are NOT coming after all. We won the war. Reeelax!
Isn't one of the VX planes named "Three If By Air"?

http://www.flickr.com/photos/30580063@N02/3384518990/

Imagine if a JAL plane jokingly referred to Pearl Harbor on one of their planes.

Stay classy Branson.

Last edited by Golden Bear; 08-05-2012 at 09:50 AM.
Reply
Old 08-05-2012 | 11:10 AM
  #15  
Moderator
 
Joined: Dec 2007
Posts: 7,252
Likes: 95
From: DAL 330
Default

Originally Posted by Timbo
Is Delta's ex. President, Fred Reid, still running VA?

Fred was the one who put out the pamphlet on how Business Men prefer hourly service, from every where to anywhere and RJ's were going to take over the world. We called him 'RJ Fred'.

He and Leo the CEO bought hundreds of them for Com Air and ASA, to replace 50% of our domestic flying, while laying off 1,400 Delta pilots.

Passed over for CEO, Delta president quits - Pacific Business News

C'mon Tim,

Fred has always been very impressed with Fred - just ask him. He is a total clown. Went to LAX after 9-11 to hear him address the base employees on DALs plight - he basically said all DAL employees are lucky we have Leo and him to run the company. He should have said "...run the company into the ground going bonkers on a 50 seat RJ binge."

Scoop
Reply
Old 08-05-2012 | 11:28 AM
  #16  
Timbo's Avatar
Runs with scissors
 
Joined: Dec 2009
Posts: 7,847
Likes: 0
From: Going to hell in a bucket, but enjoying the ride .
Default

It would not surprise me at all if Fred were somehow involved with Delta Air Elite, through Flex Jet. I'm just glad we have yet another outsouced flying division, for our most special 'High Value Customers', so they don't have to fly on Mainline.

Go Fred Go!

Really, please, just go...
Reply
Old 08-05-2012 | 11:28 AM
  #17  
80ktsClamp's Avatar
Da Hudge
 
Joined: Oct 2006
Posts: 17,473
Likes: 0
From: Poodle Whisperer
Default

Originally Posted by Scoop
C'mon Tim,

Fred has always been very impressed with Fred - just ask him. He is a total clown. Went to LAX after 9-11 to hear him address the base employees on DALs plight - he basically said all DAL employees are lucky we have Leo and him to run the company. He should have said "...run the company into the ground going bonkers on a 50 seat RJ binge."

Scoop
..and we got to pay for parking those with our new TA! What a great deal!
Reply
Old 08-05-2012 | 07:32 PM
  #18  
KillingMeSmalls's Avatar
Gets Weekends Off
 
Joined: Jan 2011
Posts: 228
Likes: 0
Default

Honestly, what do you think the odds of VX being around in 2022 are?
Reply
Old 08-05-2012 | 08:48 PM
  #19  
Gets Weekends Off
Liked
25M+ Airline Miles
Line Holder
Gets Weekends Off
 
Joined: Jul 2010
Posts: 12,823
Likes: 166
From: window seat
Default

Originally Posted by Bocaflyer
Some updates for you. Upgrades take 3-4 years at present; if you want to sit reserve or not. Most pilots here came from 20-30 years of failed carriers just like myself. Plenty of time and experience in the wrong jobs. We didn't come here to drink kool aid, we came here to get off of unemployment and feed our families. And like the legacies and else where, we have a large share of Regional captains that came here, because god forbid they were tired of Mesa and the likes.

Save the insults in our general direction, just because I don't believe your boogie man stories. I know for a FACT that 99% of your post is incorrect. I have better sources than a friend of a friend of a VP said. Lol. Have a good day man, it's Sunday go spend time with the family! Every now and then my wife bans me (mercifully) from APC and FI, and I spend about 3 happy years in exile. I'm starting to remember why.
Not friend of a friend, but directly from the (higher than a) VP in question. You can't possibly pretend you blew through half a billion dollars in a few years with just a few airplanes and have perpetually been down to your last 20 million or so every quarter while losing more than that almost every quarter anything other than "royal" intervention.

If you are as experienced (and old) as you say, then you are a relatively short timer and I do understand you running the numbers on things and realizing that VX is likely the final stop for you. For others they are playing the "I'll be in the top 500 of a mega major one day" but whatever. Its all part of the very same labor busting longevity shredding churn the industry is made of. The cycle will always continue. Start up a new airline, pay everyone first year everything on a drastically reduced pay and benefits package, get new airplanes leapfrogging in technology and ammenities, wash, rinse, file bankruptcy because now your costs are higher and here comes another start up and repeat. I get it, I just don't like it.

Don't h8 the playa though, its the game. Rich people will never, ever, get tired of playing with airplanes, and pilots will never not take the best deal they can get at any given time. Some cling to a fantasy that mass refusal to work by all pilots will make the labor corporate churn go away but that's the ultimate pipe dream. That will never happen nor should it even be a goal. Pure fantasy. But the many, many hundreds of aircraft on the order books for so called LCC's and present and future start ups while other airlines stagnate, shrink and fade away make this very much a zero sum game. If VX succeeds to the extent it strives to, the same amount of jobs will be lost at other carriers to provide lower paying and much more junior jobs there. That's just how it works.

I guess in that regard we're like these guys:

We're both trying to run the other out of a job, and to deny that is either a flat out lie or a hyper-idealized delusion. There is not room for all the present ULCC's, much less future ones, and the existing legacy airlines. Something has to give. "Just feeding my family" will be the ink the winners write the outcome of history in.
Reply
Old 08-06-2012 | 07:36 AM
  #20  
Dashdog's Avatar
Gets Weekends Off
 
Joined: May 2007
Posts: 433
Likes: 0
Default

Originally Posted by gloopy
Not friend of a friend, but directly from the (higher than a) VP in question. You can't possibly pretend you blew through half a billion dollars in a few years with just a few airplanes and have perpetually been down to your last 20 million or so every quarter while losing more than that almost every quarter anything other than "royal" intervention.

If you are as experienced (and old) as you say, then you are a relatively short timer and I do understand you running the numbers on things and realizing that VX is likely the final stop for you. For others they are playing the "I'll be in the top 500 of a mega major one day" but whatever. Its all part of the very same labor busting longevity shredding churn the industry is made of. The cycle will always continue. Start up a new airline, pay everyone first year everything on a drastically reduced pay and benefits package, get new airplanes leapfrogging in technology and ammenities, wash, rinse, file bankruptcy because now your costs are higher and here comes another start up and repeat. I get it, I just don't like it.

Don't h8 the playa though, its the game. Rich people will never, ever, get tired of playing with airplanes, and pilots will never not take the best deal they can get at any given time. Some cling to a fantasy that mass refusal to work by all pilots will make the labor corporate churn go away but that's the ultimate pipe dream. That will never happen nor should it even be a goal. Pure fantasy. But the many, many hundreds of aircraft on the order books for so called LCC's and present and future start ups while other airlines stagnate, shrink and fade away make this very much a zero sum game. If VX succeeds to the extent it strives to, the same amount of jobs will be lost at other carriers to provide lower paying and much more junior jobs there. That's just how it works.

I guess in that regard we're like these guys:

We're both trying to run the other out of a job, and to deny that is either a flat out lie or a hyper-idealized delusion. There is not room for all the present ULCC's, much less future ones, and the existing legacy airlines. Something has to give. "Just feeding my family" will be the ink the winners write the outcome of history in.
This is the best summary of our industry I've seen in awhile. When people ask me what I think of VX, JB, Spirit, ect., I never quite know how to answer, but from now on I'm just going to paste this on my phone, and show it to them. I don't hold any grudges against my fellow pilots for taking these jobs, but I do resent the system that creates them, and keeps our compensation and work rules so poor. I have a friend who is younger and works for JB. He makes more than I do (I work for a legacy carrier- it doesn't matter which). It's hard for him to understand that one of the reasons my pay is so low, is because of the success of his company- which got successful for the reasons stated above by gloopy. I don't hold it against him, and I don't want to see his pay go down, but some day (possibly soon), he will be in my shoes watching some other ULCC start-up undercutting his company and putting downward pressure on his pay. Hopefully he'll be able to understand better then and maybe work towards a real solution. Going by history (and all the ridiculous arguments on this forum), I don't think the chances are too good.

Last edited by Dashdog; 08-06-2012 at 07:47 AM.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
NEDude
Major
10
01-17-2011 11:18 AM
deltabound
Major
110
02-05-2009 10:59 AM
greedyairlineexec
Major
13
01-02-2008 08:15 AM
Freight Dog
Major
0
07-16-2005 03:40 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices