Hiring Resuming
01-25-2021 | 04:44 AM
#171
Line Holder
Joined: Oct 2018
Posts: 30
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I know there's all this hubbub about PSA potentially being sold. I'm no expert, but why would loading up your company with extra costs attract buyers? Airlines typically try to run as lean as possible before selling in order to increase the value of their balance sheet.
I think worst case scenario right now is PSA needs to have a lot of excess pilots on hand if AA declares bankruptcy. They know a huge number of pilots will bail if we get hit with a 20% pay cut and the contract and all LOAs go out the window. Bankruptcy court could easily force us into PBS as well. I guess the good news would be that AA plans on keeping PSA around?
I think worst case scenario right now is PSA needs to have a lot of excess pilots on hand if AA declares bankruptcy. They know a huge number of pilots will bail if we get hit with a 20% pay cut and the contract and all LOAs go out the window. Bankruptcy court could easily force us into PBS as well. I guess the good news would be that AA plans on keeping PSA around?
I think that PSA is getting ready for BK when they lessen the scope clause to allow regionals to fly more routes for AA. We're also getting more routes added it seems weekly out of Charlotte as well.
01-25-2021 | 06:39 AM
#172
Banned
Joined: May 2017
Posts: 2,012
Likes: 0
Here’s the scenario where hiring makes sense
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
01-25-2021 | 08:38 AM
#173
Line Holder
Joined: Sep 2016
Posts: 203
Likes: 0
Here’s the scenario where hiring makes sense
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
01-25-2021 | 09:05 AM
#174
Gets Weekends Off
Joined: Jan 2019
Posts: 1,130
Likes: 0
IMO, unless this is part of the deal with the purchasing company that PSA tie up their loose ends, I’d say it is more for optics at a bankruptcy proceeding. May second guess would be that is this is plain great news PSA and terrible news for a one of the AE regionals.
01-25-2021 | 09:58 AM
#175
Line Holder
Joined: May 2019
Posts: 317
Likes: 0
Here’s the scenario where hiring makes sense
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
01-25-2021 | 11:27 AM
#176
Gets Weekends Off
Joined: Dec 2017
Posts: 660
Likes: 0
Exactly, it does bode well we had some of the highest performance numbers of the entire AE portfolio. When it comes down to it, pandemic, bankruptcy, or alien invasion, DOT is still the king.
01-25-2021 | 01:25 PM
#177
New Hire
Joined: Jan 2021
Posts: 1
Likes: 0
Yeah I got a call from someone and they told me a pilot recruiter would call me and set me up for the same thing either Friday or a Monday with ATP/CTP Wednesday and Feb 8 class date, but haven’t gotten the second call.
Abbreviated interview similar to the first? Just IFR stuff?
Abbreviated interview similar to the first? Just IFR stuff?
For those that have gotten to the second call how many days between did you experience?
Hopefully we're not falling thorough the cracks or something here, I know they're probably busy...
01-25-2021 | 01:32 PM
#178
Alive
Joined: Feb 2018
Posts: 154
Likes: 14
I got the same initial call as you on Thursday about a Wednesday or feb 8th class, but was told I would be called Friday. Still nothing have you heard anything new?
For those that have gotten to the second call how many days between did you experience?
Hopefully we're not falling thorough the cracks or something here, I know they're probably busy...
For those that have gotten to the second call how many days between did you experience?
Hopefully we're not falling thorough the cracks or something here, I know they're probably busy...
Emailed my recruiter and he said if I haven’t heard anything Wednesday to reach out again. Another guy in my interview class got his call today and he was also called like me on Thursday.
01-25-2021 | 01:37 PM
#179
Gets Weekends Off
Joined: Jan 2021
Posts: 150
Likes: 0
Here’s the scenario where hiring makes sense
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
AA is shopping PSA to private equity firms. The airline will come bundled with a long-term contract. The numbers will show an X% return on investment. The bigger psa is, the more revenue, the more profit, the more a buyer will pay
and my guess is flow stays intact. Doesn’t cost AA anything really and helps labor costs to newPSA
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