I possibly read into it too far. Mesabah's typically sentiment is of that bandwagon, which is what I thought he was saying in his post.

What really is sickening is that Pineapple can't "afford" the new contract increases when the contract is nothing earth shattering and still quite cheap. Simply the best...

 

There will be no furloughs. A company wouldn't voluntarily give up flying at the expense of a great deal of training, just to furlough. The pilot contract is not costing them too much, its the improper utilization of crews that is. The training costs are being covered by Delta so the only real problem is temporary. The consulting firm is being brought on board to help with the realignments of the companies into one efficient machine. There is a lot of overhead in Memphis and Minneapolis and all the bases that needs to be done away with. Things as simple as negotiating getting out of the lease of two crew rooms in DTW need to be taken care of to help in saving money. Consolidation is not something that happens overnight and Menke realizes that the company needs help to gain the efficiencies of this merger. Don't let the "Chicken Littles" scare you.

 

Maybe RJs are in the way out? Your Saabs have been deemed unsuitable for Delta operations, and your 50 seat RJs could be next. It doesn't look like you have much room to negotiate for higher rates. Be happy Delta keeps you in "the family" because your airline would be sunk without it.

 

Be happy u don't know

 

Don't mean to thread-jack, but I had some trouble finding another dedicated Pinnacle thread and didn't want to gum things up by starting another.

Can anyone tell me how senior Atlanta is looking as a domicile? Is it reasonable to get hired onto one of the three operators and expect to hold Atlanta as a new hire? I understand Atlanta is all RJ flying. Are the RJs all going to senior pilots on the list between the three organizations?

Thank you.

 

As of right now, all new hires are going to the Colgan side so there is no chance to hold ATL as a new hire. Things can change or you can bid over to ATL after your year seat lock.

 

The name calling is completely unnecessary.

I posted based on the information I had, and I will say that the annoucement was surprising in that what came out was not for bankruptcy, but rather, a restructure announcement that serves as a precursor to bankruptcy. The information I had pointed otherwise, but it seems now that the restructure announcement is out, a bankruptcy announcement will follow. It's a fluid situation, but 2012 (as Menke himself put it), won't be a good year. They've virtually declared bankruptcy. Fortunately, with this annoucement we won't see a bankruptcy as expected, but the only thing it has done is merely push it back to buy time. Bankruptcy is still inevitable.

Instead of name calling and insults, why don't you analyze the facts?


Equipment lessors, debt holders, real property lessors, and vendors are all people who lose out in bankruptcy. It's all a telling sign. The real wake up call is "work with its pilots and other employees (both union and non-union) to reduce labor costs" or aka, concessions. They didn't say reduce operating costs, as in be smart about APU usage. They have already stated they want to reduce labor costs. The mechanics and FA labor agreements already suck, but the pilot JCBA is what they are going to go after. What you have to ask yourself is, what will your union give up to the company? What is TW record for giving up contractual things to the company? 150% for pickup? Goodbye. Or, will this group take a hard stand on NO conessions from its JCBA.


They want:

* renegotiate debt agreements
* renegotiate flying contracts
* renegotiate union accords to help reduce costs.

These three things are basically everything an airline does in bankruptcy. It's like they declared a bankruptcy without physically declaring a bankruptcy. They have basically announced a restructuring plan without a bankruptcy, which is a precursor to an actual bankruptcy filing. The stock has tanked, so my initial post post was at least 75% accurate. Had you taken advantage of the stock going down, you could have profitted from it. If you can't short sell, you could have at least had a put option. With this virtual bankruptcy announcement, the Pinnacle stock tanked 24%. I had put option, and I made a little coin on Pinnacle's stock falling.

 

Shorting stock should be illegal. It's counterproductive to the economy as a whole.

 

It's doable. But some won't allow it for stocks already less than $3. Put option, with the right strike price, is something you can make good dough on provided you are absolutely sure the stock is about to tank. Otherwise, you're left with 0.

 

Pinnacle Airlines hires help to boost liquidity, profitability - Memphis Business Journal

Here we go. Elevator is going down from here