CanyonBlue

An interest rate increase by 14 million and the puts due a year from now. I guess it makes sense that they are cutting the line management staff by more than 50 percent.

I think you have it right Ftroop. Interesting times ahead for sure.

BigBallzMagee

Whats next at this place?????

higney85

You folks are confusing an ars (asset we can't currently use @ $100+M) vs debt due in 2010 from buying new planes (colgan Q's and our -900's). This is an asset vs liability discussion. Not free cash flow.

3greens

how are the contract negotiations coming along so far this week? anyone have any idea?

Windsor

Down Boy! Aint nuttin gunna happen thats good for anyone. I'm betting we will shrink before we grow. I dont see any hiring at 9E for a very, very, very, very long time, if ever again. Phil and his cronies will let this ship sink before we get a contract. They (upper management) have millions in the bank and golden parachutes if this place fails. They dont really care what happens here. The company is a toy to them. Come next x-mas (Feb. when the huge bill comes due) when this toy breaks and requires more money, they will bail and find a new toy to play with, leaving the employees to die on the vine. The writing is on the wall.

I sure hope I am dead wrong, but even a broken clock is right twice a day.

BigBallzMagee

Man I hope your clocks digital and unplugged.........

B00sted

I heard they might be flushing the pool. Everyone will have to interview again.

3greens

.....and your source?

Noseeums

3greens... it sounds to me like you have all your eggs in one basket. I'm going to also assume you're coming from a bridge program. Are you actively flying now or attempting to get a flying job (ie.. instructing, banner flying, etc) elsewhere? If not then you need to seriously think about what it is you really want to do.

There was a time not that long ago when many of the guys/gals at this company were flying beat up twins in the middle of the night five days a week and instructing in the day. They had to get 3000-4000 hours just for the opportunity to interview at Pinnacle. Things are starting to lean back in that direction and the only folks that will be successful in this business are the ones that are willing to do whatever it takes in the good times and bad times.

It's fine to inquire and keep yourself updated on the news at Pinnacle; however, if you aren't already then you need to be actively pursuing other opportunities. If that means you have to invest more in your career then so be it. If that means you have to take a job that isn't exactly what you want then so be it. The fast lane is closed.

3greens

Thanks Noseeums for the valuable advice. But i hope it wasn't in response to me asking as simple a question as "and your source is"? I am in the pool yes, and thats why when someone posts regarding it I like to keep myself updated like you said as to whats going on. And since someone mentioned it being flushed, just wanted to see if it was simply one of those rumors or an actual word from management.

I do appreciate your thoughts but I do need to correct a couple of things here. First off, I don't have my eggs in one basket. I am actively pursuing my dream to fly for the airlines, and have some things lined up as well. But that doesn't mean my interest in 9E has disappeared. You can say there are still some opportunities out there. And your assumption about me coming from a bridge program... all i can say is that I would love to know where and how you came up with that assumption.. since it isn't true.

I know how badly the industry has been hit and those days where regionals were hiring everyone, practically right as they got their commercial multi, are gone and wont be seen possibly ever or atleast not for a longgg time. So instructing is the way to go and thats how I am keeping myself marketable. Just continuing to pile up those hours.

I see I have possibly created an image here for myself.. that I am ONLY depending on Pinnacle. Thats NOT the case and I guess everyone believes I'm the only one anxiously waiting for a new hire class. Well I imagine that everyone in the pool is hoping for the new hire classes and I think thats very natural for anyone, but maybe they don't post here enough or as much as I do. It would be a good thing of course for everyone because that means possible growth at Pinnacle and obviously helping the people who have already been there for sometime to get off reserve and start holding a line.

But quite honestly, hoping is one thing and knowing is another. I only hope for new hire classes soon like most others, but practically know its not going to happen anytime soon, maybe not all of 2009 or even 2010. I sure hope I'm wrong but Yes I have prepared myself for the worst nonetheless. IF anything positive happens... GREAT! if not, i wont be disappointed! Anyway, I hope I was able to clear up why I am here on these forums and follow them regularly. I guess its just a means of staying afloat with things and has nothing to do with me getting on to fly for Pinnacle anytime soon.

No hard feelings...!!