Pinnacle Pilot Concessions

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12-10-2011 | 12:53 PM

#31

Avroman

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From: FIRE ALPA

Quote:

Originally Posted by Saabs

Use MTOP not NTOP

Maybe he meant NTOP, then taxi back to the gate with a write up?
(not condoning, just saying)

12-10-2011 | 01:08 PM

#32

Luv2Rotate

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You always know when it's X-mas time in this buisness. Furloughs, concessions, base closures and armageddon. Tis the season (Cheers)

12-10-2011 | 01:11 PM

#33

Fly782

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From: AN124 FE

No Concessions.... Look what happened to AA!

12-10-2011 | 01:32 PM

#34

AxialFlow

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Well...it certainly looks like we're all on the same page, for once.

My prediction:

An overwhelming vote in favor of concessions.

This "union" and the pilot group don't have the balls...

12-10-2011 | 01:47 PM

#35

gonyon

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JAL CEO Cuts Pay - YouTube

a good CEO?

12-10-2011 | 01:54 PM

#36

Deice Press

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Quote:

Originally Posted by gonyon

JAL CEO Cuts Pay - YouTube

a good CEO?

^^^ would be great to bring up during the next conference call. NO CONCESSIONS.

12-10-2011 | 03:17 PM

#37

whtever

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Absolutely NO concessions! I second the guy that said "full pay until the last day." Respectable.

On a side note, along with the entirely too expensive new uniforms, if we are getting those name tags like SkyWest, I'd like mine to read: I.M. Disgusted

12-10-2011 | 03:38 PM

#38

gonyon

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Warren Buffett's Corporate Governance and Succession Plan

executive compensation: capitalist junkies

12-10-2011 | 04:02 PM

#39

MunkyButtr

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Quote:

Originally Posted by BoilerUP

Lots o' FUD going around...

Pilot group concessions won't save PNCL from declaring bankruptcy if that's what it takes to "remain competitive" - just ask any American Airlines pilot.

Only airline management could take 3 airlines that were all making money and turn the end sum into an unprofitable entity...

Training, training, training. The company wasn't allowed enough time to blend the operations before retraining 40% of the workforce. I'm not taking sides, but no company in any industry could handle it. The integration of pilots was either done too quickly or the Bloch fence debacle completely caught the company off guard (my pick). If the certs were merged and planes moved than there would be no need for initial retraining, 10 sims, or mass exodus between tickets. Look at the losses and look at the training costs, classes have stopped and they haven't even hired enough pilots yet. The company doesn't stand a chance. Granted moving downtown when they did was probably a mistake as well... did somebody say steak? Bankruptcy is real and its the easy way out, even a way for Daddy-D to shed 50's...

12-10-2011 | 04:05 PM

#40

MunkyButtr

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Quote:

Originally Posted by AxialFlow

Management didn't throw anything away...
Pinnacle Airlines ? Crashing and Burning? - PNCL - Foolish Blogging Network

"The 2010 management team may have done an irreparable number on the company. The five-person executive team collected $4.41 million in compensation in 2010, which was an amount proportional to 35% of the company’s net income for the year. A hearty reward, considering the stock returned 4% during the period."

I'm for one, will not help float an inept management team...already have the resumes out.

And the 3 mil we lost the quarter after Phil was dumped was exactly what he was paid for severance.