Major Hiring - how will it play out?
02-26-2021, 05:04 PM
#23
Porco Rosso
Joined APC: Apr 2018
Posts: 2,522
Originally Posted by Excargodog
In fairness, they aren’t JUST sending flying to Republic. They are spreading the flying around...
Heck, Republic already flies a good chunk of those routes for Delta anyway.
02-26-2021, 05:17 PM
#24
Gets Everyday Off
Joined APC: Aug 2016
Position: Relaxed
Posts: 6,940
Originally Posted by rickair7777
There's kind of a fuzzy transition between Grey Rhino and Black Swan, and covid was probably right in the middle of that..
03-10-2021, 09:43 AM
#25
Perennial Reserve
Thread Starter
Joined APC: Jan 2018
Posts: 11,501
Something regional pilots...
...and aspiring regional pilots, ought to read:
https://centreforaviation.com/analys...-crisis-552101
Airlines sometimes go away.even the airlines that were huge in their day, the PanAms and the TWAs go away. While you work your way up the ladder, don’t be oblivious to what is going on at the top. Even the ‘top’ changes over time.
19-Feb-2021 3:19 AM
In the US, each of the country’s large US global airline operators – American, Delta and United – have turned to a different area of strength, ranging from cargo to brand loyalty.
Those airlines have also adopted differing approaches to fleet management, with American and Delta opting to retire aircraft at a faster rate than United.
Of course, those companies and all airlines continue to look for an inflection point, where a pronounced recovery in demand will occur, but until that happens they will continue working to leverage the aspects of their business that can quickly produce benefits as pandemic losses mount.
Summary
CAPA Live: US big 3 airlines apply differing strengths in crisis
AnalysisThe COVID-19 pandemic has resulted in airlines worldwide pivoting to their respective strengths in order to stem the continuing bleeding.In the US, each of the country’s large US global airline operators – American, Delta and United – have turned to a different area of strength, ranging from cargo to brand loyalty.
Those airlines have also adopted differing approaches to fleet management, with American and Delta opting to retire aircraft at a faster rate than United.
Of course, those companies and all airlines continue to look for an inflection point, where a pronounced recovery in demand will occur, but until that happens they will continue working to leverage the aspects of their business that can quickly produce benefits as pandemic losses mount.
Summary
- During the COVID-19 crisis the three large US global airlines have turned toward their respective strengths, which span a wide spectrum that includes leveraging cargo and touting a different approach to service.
- Those operators have also diverged somewhat in their approach to fleet management during the past year, with United opting not to retire as many aircraft as its peers.
Airlines sometimes go away.even the airlines that were huge in their day, the PanAms and the TWAs go away. While you work your way up the ladder, don’t be oblivious to what is going on at the top. Even the ‘top’ changes over time.
03-10-2021, 10:44 AM
#26
Gets Weekends Off
Joined APC: Aug 2019
Posts: 420
Originally Posted by ninerdriver
True! But most of the new flying that they just announced from New York and Boston will be regional-sized, which means Republic.
Heck, Republic already flies a good chunk of those routes for Delta anyway.
Heck, Republic already flies a good chunk of those routes for Delta anyway.
05-05-2021, 06:32 AM
#27
Gets Weekends Off
Joined APC: Feb 2020
Posts: 175
Originally Posted by Excargodog
-From Feb 25th- Bottom line seems to me that the Big Three aren’t going to be hiring much the next 2-3 years... Despite the number of retirements they once had (many of whom took early buy-outs) there will be a few years stagnation in Big Three hiring.
And has AA filed for BK yet?
You were right on one thing, AA will be the last of the legacies to begin hiring. Instead of running new hire classes in May or July, AA is pushing theirs allllllll the way out to October.
05-05-2021, 07:39 AM
#28
Perennial Reserve
Thread Starter
Joined APC: Jan 2018
Posts: 11,501
Originally Posted by LabDad06
Really...
And has AA filed for BK yet?
You were right on one thing, AA will be the last of the legacies to begin hiring. Instead of running new hire classes in May or July, AA is pushing theirs allllllll the way out to October.
And has AA filed for BK yet?
You were right on one thing, AA will be the last of the legacies to begin hiring. Instead of running new hire classes in May or July, AA is pushing theirs allllllll the way out to October.
Originally Posted by Excargodog [img]/images/buttons/viewpost.gif[/img]
-From Feb 25th- Bottom line seems to me that the Big Three aren’t going to be hiring much the next 2-3 years... Despite the number of retirements they once had (many of whom took early buy-outs) there will be a few years stagnation in Big Three hiring.
-From Feb 25th- Bottom line seems to me that the Big Three aren’t going to be hiring much the next 2-3 years... Despite the number of retirements they once had (many of whom took early buy-outs) there will be a few years stagnation in Big Three hiring.
They incentivized pilots that WOULD have been retiring in those years to retire early, and many did. They trimmed aircraft out of their fleet and deferred deliveries to later years. Do you truly think their hiring picture today will be as much as what it would have been if none of those things had happened? Do the math.
As for an AA bankruptcy, their current debt service is nearly eight million a day. That’s $3 Billion a year. In a good year they clear maybe $10 billion. That didn’t happen last year and it won’t happen this year. Can they work their way out of that debt without bankruptcy? Quite possibly. But even a whiff of inflation and Yellen pushing up interest rates and they are screwed.
https://www.nytimes.com/2021/05/04/b...est-rates.html
Because they would then have to refinance that debt at even higher cost.
05-05-2021, 07:48 AM
#29
Gets Weekends Off
Joined APC: Oct 2015
Posts: 710
Originally Posted by Excargodog
You obviously missed the “much” in that statement. So tell us, how many pilots they will be hiring in 2021? 2022? 2023?
They incentivized pilots that WOULD have been retiring in those years to retire early, and many did. They trimmed aircraft out of their fleet and deferred deliveries to later years. Do you truly think their hiring picture today will be as much as what it would have been if none of those things had happened? Do the math.
As for an AA bankruptcy, their current debt service is nearly a million a day. That’s $3 Billion a year. In a good year they clear maybe $10 billion. That didn’t happen last year and it won’t happen this year. Can they work their way out of that debt without bankruptcy? Quite possibly. But even a whiff of inflation and Yellen pushing up interest rates and they are screwed.
They incentivized pilots that WOULD have been retiring in those years to retire early, and many did. They trimmed aircraft out of their fleet and deferred deliveries to later years. Do you truly think their hiring picture today will be as much as what it would have been if none of those things had happened? Do the math.
As for an AA bankruptcy, their current debt service is nearly a million a day. That’s $3 Billion a year. In a good year they clear maybe $10 billion. That didn’t happen last year and it won’t happen this year. Can they work their way out of that debt without bankruptcy? Quite possibly. But even a whiff of inflation and Yellen pushing up interest rates and they are screwed.
05-05-2021, 07:57 AM
#30
Gets Weekends Off
Joined APC: Feb 2020
Posts: 175
Originally Posted by Excargodog
You obviously missed the “much” in that statement. So tell us, how many pilots they will be hiring in 2021? 2022? 2023?
They incentivized pilots that WOULD have been retiring in those years to retire early, and many did. They trimmed aircraft out of their fleet and deferred deliveries to later years. Do you truly think their hiring picture today will be as much as what it would have been if none of those things had happened? Do the math.
As for an AA bankruptcy, their current debt service is nearly eight million a day. That’s $3 Billion a year. In a good year they clear maybe $10 billion. That didn’t happen last year and it won’t happen this year. Can they work their way out of that debt without bankruptcy? Quite possibly. But even a whiff of inflation and Yellen pushing up interest rates and they are screwed.
https://www.nytimes.com/2021/05/04/b...est-rates.html
Because they would then have to refinance that debt at even higher cost.
They incentivized pilots that WOULD have been retiring in those years to retire early, and many did. They trimmed aircraft out of their fleet and deferred deliveries to later years. Do you truly think their hiring picture today will be as much as what it would have been if none of those things had happened? Do the math.
As for an AA bankruptcy, their current debt service is nearly eight million a day. That’s $3 Billion a year. In a good year they clear maybe $10 billion. That didn’t happen last year and it won’t happen this year. Can they work their way out of that debt without bankruptcy? Quite possibly. But even a whiff of inflation and Yellen pushing up interest rates and they are screwed.
https://www.nytimes.com/2021/05/04/b...est-rates.html
Because they would then have to refinance that debt at even higher cost.
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