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Originally Posted by MunkyButtr
(Post 1099826)
And the 3 mil we lost the quarter after Phil was dumped was exactly what he was paid for severance.
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PNCL CEO= $450k + bonus + stock + perks (total up to few mill) I think I can see what is getting cut before I vote yes :) MGMT- 1. If you want to save money how about stop paying to print "The Peak" and other related crap. Send it in a PDF if anyone really cares to read it. 2. Why does EWR have a Base Manager, a RCP, an inflight manager, an assistant inflight manager, a stations manager, a stations assistant, and that other guy that walks around doing nothing. This seems a bit overkill. Pilots- Don't be scared into concessions. The balance sheet is not that bad when you understand most of it are one-time costs. In another year it will look better. There are plenty of ways to save money around here before we let mgmt take the easy road and steal from the pilot group. If the court wills it, there is nothing we can do so don't let mgmt push you into thinking otherwise. |
Originally Posted by DMEarc
(Post 1099518)
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES. 1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results. OR 2. Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses. I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting. You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK. |
Originally Posted by seahawker01
(Post 1100042)
JAL CEO= $90k and no perks
PNCL CEO= $450k + bonus + stock + perks (total up to few mill) I think I can see what is getting cut before I vote yes :) MGMT- 1. If you want to save money how about stop paying to print "The Peak" and other related crap. Send it in a PDF if anyone really cares to read it. 2. Why does EWR have a Base Manager, a RCP, an inflight manager, an assistant inflight manager, a stations manager, a stations assistant, and that other guy that walks around doing nothing. This seems a bit overkill. |
no one at all (management or judge) cares or ever will care about "saving money" or performance, bk filings are an airline management tool to erase debt and contracts ......period. nobody on the planet cares where the company wasted money or how low their employees are paid but the employees. The employees have very very little power. Lets look at the last decade of airline bk. All pilots took drastic paycuts, some tried to help first and the only diff was those pilots took two cuts.
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Originally Posted by DMEarc
(Post 1099518)
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES. 1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results. OR 2. Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses. I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting. You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK. this is the worst advice on planet earth, this is exactly how you end up with TWO paycuts |
Originally Posted by DMEarc
(Post 1099518)
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES. 1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results. OR 2. Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses. I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting. You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK. |
Executive compensation, severance and other "perks" doled out to executives are not off the table as our CEO contends. He was correct in his assertion that all employee groups should bear the burden of getting this ship on course. However, it was a gross underestimation of our pilots resolve to think it is acceptable to have the contracts of PT, DS and others as untouchable. It is the point employees of this company that have made our performance numbers above goal recently, NOT our corporate officers. NO CONCESSIONS!
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Originally Posted by seahawker01
(Post 1100042)
JAL CEO= $90k and no perks
PNCL CEO= $450k + bonus + stock + perks (total up to few mill) I think I can see what is getting cut before I vote yes :) MGMT- 1. If you want to save money how about stop paying to print "The Peak" and other related crap. Send it in a PDF if anyone really cares to read it. 2. Why does EWR have a Base Manager, a RCP, an inflight manager, an assistant inflight manager, a stations manager, a stations assistant, and that other guy that walks around doing nothing. This seems a bit overkill. Pilots- Don't be scared into concessions. The balance sheet is not that bad when you understand most of it are one-time costs. In another year it will look better. There are plenty of ways to save money around here before we let mgmt take the easy road and steal from the pilot group. If the court wills it, there is nothing we can do so don't let mgmt push you into thinking otherwise. |
Y'all got my support, don't give them a single cent. No concessions, not now, not ever.
http://images.cafepress.com/image/13970784_400x400.jpg |
Having been at NWA where we tried to keep the airline out of Chapt 11 by taking concessions in Nov of 2004, When the bankruptcy hit in summer of 2005 all that the concessions did was ensure that we had a double pay cut. But the management bonuses were really good! If you look at the numbers, management will do whatever they are going to do even if you are working for free.
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Im sitting here wondering if the MEC is going to listen to the group of pilots it represents? It's crystal clear how the pilot group feels. Think TW is our man or yet another ALPA lap dog?
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Originally Posted by DMEarc
(Post 1099518)
Your carrier wasn't on the brink of Bankruptcy as PNCL seems to be.
The pilot group and the PNCL MEC has 2 choices. And 2 HARD CHOICES. 1. Take small concessions in work-rules, pay or contract sections in an effort to help the company reach their desired financial results. OR 2. Take their chance in bankruptcy court and have a judge throw out your contract, your 401k match, unilaterally cut pay and most likely cut flying which would lead to MASS job losses. I don't know if any of you guys look at your companies balance sheets, but it is CLEAR by indications of cashflow and expected costs that the company is in trouble. There is something deeper in the company that is not making money. There is no reason why they should be loosing $5 million per fiscal quarter. Q4 earnings results will show a bigger loss, I'm expecting. You do not want to go to bankruptcy court with a company who is loosing that amount of money/per quarter against $1B in revenues. THINK. DO NOT FALL FOR IT! XJET management played the same hits to us a few years ago, then took their pay cut (while simultaneously taking massive amounts of stock at $1 that were sold over $6 per share). FULL PAY TILL THE LAST DAY |
I was looking at my Pinnacle AirMail folder and here are a few of the money wasting and ridiculous programs the company has created:
-"Introducing Pinnacle Points, Your New Rewards and Recognition Program!" -"New Winter Items in Company Store" (Because the Colgan hats sold so well) -"Save the Date - Holiday Parties" (Eventually nixed) -"A Message From Sean Menke - The Benefits of One Culture" (Company gives pilot benefits to all employees) -"Register now for our $10,000 weight-loss challenge!" -"Ice Cream on Independence Day" -"Your Company Store Opens Friday!" -"Dispatch Scholarships Available for All Pinnacle Airlines Corp. Employees" -"Recipe deadline!" (We are paying someone to collect submitted recipes!!) -"Redbirds Extra Tickets and T-shirts!!!" -"Request your Memphis In May BBQ Fest Wristbands NOW!" These were just those under Menke's watch! How much has been spent on these programs and on staff to promote these programs? However, this one is my favorite AirMail -"A Farewell to Phil" The company had a going away party for Phil, along with a full catered brunch. How nice |
Originally Posted by The Juice
(Post 1100223)
-
-"Dispatch Scholarships Available for All Pinnacle Airlines Corp. Employees" Otherwise I agree with you on the ridiculous waste that goes on around here. |
Originally Posted by FlyingKat
(Post 1100258)
This had more to do with the shortage in dispatch than anything else. The turnover in dispatch is pretty high, and the company makes the scholarship recipients sign an agreement that they have to stay here for a while (two years I think). If they hadn't put the internals in the dispatch program in September we would have been very short on dispatchers when the Mesaba fence goes up in January.
Otherwise I agree with you on the ridiculous waste that goes on around here. |
Originally Posted by block30
(Post 1100261)
Hey, how are things going for you?
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Thought's and prayers with you guys. I'm a former NWA guy, and dont do what we did!
Remember: The Patriot - Hold the Line! - YouTube |
Originally Posted by Al Czervik
(Post 1100168)
Im sitting here wondering if the MEC is going to listen to the group of pilots it represents? It's crystal clear how the pilot group feels. Think TW is our man or yet another ALPA lap dog?
How about we tune into the pilot all-call later today, stay informed as we get new information, and deal with this issue one step at a time. (this is probably FAR to reasonable a suggestion for here, but what the hell. Flame away!) |
Originally Posted by CAPIP1998
(Post 1100445)
I think the MEC will absolutely listen to the Pilot Group, however I don't think ANYTHING is crystal clear at this point. We don't have anywhere near the amount of information needed to make a proper decision. If the MEC decided a course of action based on rumor, supposition, and a few web-board posts I would be SERIOUSLY disappointed.
How about we tune into the pilot all-call later today, stay informed as we get new information, and deal with this issue one step at a time. (this is probably FAR to reasonable a suggestion for here, but what the hell. Flame away!) Thanks! |
I was there too. And we gave in to the concessions and agreed to out source more mainline flying allowing the NWA more RJ's, ... 76 seaters and Q400's to be exact.
We parked 194 DC9's and went from 6700 pilots down to 5500 pilots at time of the Merger. That's a lot of mainline jobs, ... gone ! |
Originally Posted by Bzwebner
(Post 1100466)
Could you point me to where i can get the info to join in the call?
Thanks! |
Originally Posted by Bzwebner
(Post 1100466)
Could you point me to where i can get the info to join in the call?
Thanks! |
Conference call to this point.... We signed a non disclosure agreement so there's a lot we can't talk about. Questions?
Question...blah blah blah... We're going to take due diligence. I appreciate the union taking the time, but this conference call is worthless. |
Originally Posted by spank
(Post 1100747)
Conference call to this point.... We signed a non disclosure agreement so there's a lot we can't talk about. Questions?
Question...blah blah blah... We're going to take due diligence. I appreciate the union taking the time, but this conference call is worthless. |
wow that conference call was a waste of two hours
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Good luck guys. I got lucky with an opportunity to move on and left the company last month. That was the worst managed company that I have ever worked for. It sounds like you guys are going to be in for a rough patch. Don't give in. Its a lose lose deal.
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Originally Posted by spank
(Post 1100747)
We signed a non disclosure agreement so there's a lot we can't talk about. Questions?
Once again...will the issue of concessions be put out to the pilots to vote on...or does the MEC get sole authority? Anyone? Anyone? Bueller? |
Originally Posted by AxialFlow
(Post 1100858)
Once again...will the issue of concessions be put out to the pilots to vote on...or does the MEC get sole authority?
Anyone? Anyone? Bueller? |
Originally Posted by cl601pilot
(Post 1100857)
Good luck guys. I got lucky with an opportunity to move on and left the company last month. That was the worst managed company that I have ever worked for. It sounds like you guys are going to be in for a rough patch. Don't give in. Its a lose lose deal.
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good to hear we got a vote on that...for what its worth. and yes that can be summed up in the following.
10 min of rah rah rah, go team alpa 10 min of a re-reading of the email annnnnnd now its time for q+a. littering annnnnnnnnd... |
Originally Posted by jayray2
(Post 1100875)
Where did you go to? Did you have an ATP and/or PIC? Good luck where ever you are going.
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Originally Posted by sinsilvia666
(Post 1100916)
good to hear we got a vote on that...for what its worth. and yes that can be summed up in the following.
10 min of rah rah rah, go team alpa 10 min of a re-reading of the email annnnnnd now its time for q+a. littering annnnnnnnnd... |
Originally Posted by AxialFlow
(Post 1100926)
...smoking the reefer!
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Originally Posted by The Juice
(Post 1100223)
I was looking at my Pinnacle AirMail folder and here are a few of the money wasting and ridiculous programs the company has created:
-"Introducing Pinnacle Points, Your New Rewards and Recognition Program!" -"New Winter Items in Company Store" (Because the Colgan hats sold so well) -"Save the Date - Holiday Parties" (Eventually nixed) -"A Message From Sean Menke - The Benefits of One Culture" (Company gives pilot benefits to all employees) -"Register now for our $10,000 weight-loss challenge!" -"Ice Cream on Independence Day" -"Your Company Store Opens Friday!" -"Dispatch Scholarships Available for All Pinnacle Airlines Corp. Employees" -"Recipe deadline!" (We are paying someone to collect submitted recipes!!) -"Redbirds Extra Tickets and T-shirts!!!" -"Request your Memphis In May BBQ Fest Wristbands NOW!" These were just those under Menke's watch! How much has been spent on these programs and on staff to promote these programs? However, this one is my favorite AirMail -"A Farewell to Phil" The company had a going away party for Phil, along with a full catered brunch. How nice |
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