Pinnacle asking 7% from pilots

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01-20-2012 | 07:15 AM

#281

Mesabah

:-)

Joined: Feb 2007

Posts: 7,339

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One thing is for sure, I would rather have Pinnacle losing the money on our flying than our mainline partner losing money on our flying.

01-20-2012 | 07:40 AM

#282

JoeMerchant

Gets Weekends Off

Joined: Feb 2008

Posts: 822

Likes: 0

From: CRJ200 Capt.

Quote:

Originally Posted by DMEarc

The Saab, Q400, Pinnacle ATL 900s are all losing money. It is not sustainable.

Why just the ATL 900s and not the rest? Are they a different contract? Is it because of the size of the base?

01-20-2012 | 07:48 AM

#283

tennisguru

Roll’n Thunder

Joined: Oct 2009

Posts: 5,111

Likes: 521

From: Pilot

Quote:

Originally Posted by JoeMerchant

Why just the ATL 900s and not the rest? Are they a different contract? Is it because of the size of the base?

ATL 900's are pre-merger Pinnacle ones that are under a different ASA than the new ones brought in by Mesaba.

01-20-2012 | 08:48 AM

#284

BoilerUP

Doing One Pilot's Job

Joined: Sep 2005

Posts: 7,883

Likes: 119

Two entire fleets and a small number of airframes in a particular base are "losing money"...and yet the company as a whole is operationally profitable...

Last edited by BoilerUP; 01-20-2012 at 09:08 AM.

01-20-2012 | 09:06 AM

#285

BE19Pilot

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Joined: Sep 2008

Posts: 239

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Two salient words here my friends, cash flow...what it truly comes down to in the final analysis.

01-20-2012 | 10:03 AM

#286

Jetrecruiter

Reserve for Life

Joined: Nov 2006

Posts: 221

Likes: 0

From: Right Seat for life

Quote:

Originally Posted by Jamers

This looks like a preparatory message for chapter 11. Sean makes bankruptcy look like the protagonist hero, riding in to save the company. It's definitely going to happen.

Correcto..... Its now just a matter of when??

01-20-2012 | 10:05 AM

#287

higney85

Gets Weekends Off

Joined: Sep 2006

Posts: 2,610

Likes: 6

From: Bus driver

PNCL owns the 16 -900's in ATL. DL owns all the XJ 900's, 200's, and 9E 200's. Owning the planes seems to be more expensive than just operating them.

01-20-2012 | 10:51 AM

#288

Ridgewoodpilot

On Reserve

Joined: Jun 2006

Posts: 23

Likes: 0

From: C172 Right seat

This may be old already but....

Pinnacle?s CEO Warns of Chapter 11 Amid Worsening Financials - Bloomberg

01-20-2012 | 11:31 AM

#289

shimmydamp

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Joined: Jul 2007

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I like how the letter implies that Bloch should have put up higher fences to ease the training burden on the company. Last time I checked that wasn't part of his job description. I know it's highly unlikely, but for all they know the three merger committees could have come to an agreement outside of arbitration.

He should just come out and say that the management team who signed the contract (including our current COO) couldn't see the forest for the trees.

Gotta love this industry.

01-20-2012 | 05:44 PM

#290

ShyGuy

Banned

Joined: Dec 2005

Posts: 9,347

Likes: 329

Quote:

I like how the letter implies that Bloch should have put up higher fences to ease the training burden on the company. Last time I checked that wasn't part of his job description.

Actually, it is, and he got paid very well for it. Even a retarded monkey would have put airline-specific fences to ensure that you don't have a massive migration right away, which is exactly what happened in 11-09.

Last edited by ShyGuy; 01-20-2012 at 06:28 PM.