And then there’s CMH
#91
Gets Weekends Off
Joined APC: Oct 2021
Posts: 677
#92
Gets Weekends Off
Joined APC: Nov 2022
Posts: 195
Wherever you go there is a risk of furlough. Be that Johnson&Johnson, NJA or United. It’s just a matter of risk management and lots of luck with timing.
NJA is built on a tax law that can get changed pretty quickly. In 2017 they almost changed the depreciation schedule and bonus depreciation until Warren stepped in. If the tax law changes for the worse NJA will struggle. In addition rich people are highly leveraged, thus in 2009 NJA became a TARP for the rich as the dumped their shares and sold them back. Now NJA has changed the owner contracts a little to dissuade that behavior but one doesn’t know what could happen. If you want a heads up watch programs like WU membership, once that slips consistently you might be at the start of something bad.
Airlines have their own issues. Now seat generated revenue is no longer the holy grail to make money for airlines as it was in 2000 at TWA but you still need SOME people to show up to fly. Those numbers keep going up even as prices have gone up, for how long nobody really knows. The advantage of the airlines right now is that the have thousands of retirements that are due. Most airlines haven’t even replaced the staff that left in 2020, so you have what could be a guaranteed seat at a major for as long as you want right now. Growth has not even been factored in yet, that would be just icing on the cake.
Risk is everywhere….no matter what the Philly Speeder has to say.
NJA is built on a tax law that can get changed pretty quickly. In 2017 they almost changed the depreciation schedule and bonus depreciation until Warren stepped in. If the tax law changes for the worse NJA will struggle. In addition rich people are highly leveraged, thus in 2009 NJA became a TARP for the rich as the dumped their shares and sold them back. Now NJA has changed the owner contracts a little to dissuade that behavior but one doesn’t know what could happen. If you want a heads up watch programs like WU membership, once that slips consistently you might be at the start of something bad.
Airlines have their own issues. Now seat generated revenue is no longer the holy grail to make money for airlines as it was in 2000 at TWA but you still need SOME people to show up to fly. Those numbers keep going up even as prices have gone up, for how long nobody really knows. The advantage of the airlines right now is that the have thousands of retirements that are due. Most airlines haven’t even replaced the staff that left in 2020, so you have what could be a guaranteed seat at a major for as long as you want right now. Growth has not even been factored in yet, that would be just icing on the cake.
Risk is everywhere….no matter what the Philly Speeder has to say.
#94
Gets Weekends Off
Joined APC: Mar 2015
Posts: 201
A new pilot called in sick mid tour. He did a Teladoc appointment to verify the sickness. The company claims somebody called in that he left the hotel for the night- even if he did, it is none of their business. He had proof he didn't leave the hotel. They made him go to CMH for a carpet dance with the chief pilot. So far he has kept his job even though they can basically smoke you for anything at anytime while on probation. This whole thing is 100% uncalled for BS from management starting the whole intimidation game. Stay far, far away from this place until the union once again smites management and at a minimum the current Chief Pilot gets sacrificed. While seniority is always important in this profession, I would be waiting for the next contract when management is back from the stupid side of negotiations. This job can really suck when management and the union are butting heads.
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