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-   -   Pinnacle Mangement Bankruptcy Proposal (https://www.airlinepilotforums.com/regional/67246-pinnacle-mangement-bankruptcy-proposal.html)

tennisguru 05-09-2012 06:42 AM

Also at the bottom of the insurance sheet it mentions that those numbers are for 2013 only. One of the items they want modified on page E-1 is this little nugget:

1. Section 27.A:
Medical, Dental, and Prescription
a. Change consent of the Association to notification prior to implementation

So basically you can take whatever numbers you see there and just add more and more for each year afterwards that we are going to have to pay for insurance because there will be no limits to what the company can do...

Lone Palm 05-09-2012 06:53 AM

Lots of co-NYC domicile talk at the end of the proposal as well, no thank you.

FlyJSH 05-09-2012 07:06 AM


Originally Posted by gonyon (Post 1184774)
Understood. some can not live off the 75 hours because of the cost to get the education for this job. i'm not advocating picking up open time but just illustrating that fact that 75 hours is not enough to LIVE on without digging into savings on a month to month basis for many in this industry.

gawd this industry sucks.

Please read your post again and think about what you just said.

aussieflyboy 05-09-2012 07:27 AM


Originally Posted by Windsor (Post 1184698)
Thankfully this is the company shooting for the moon. Hopefully they are proposing way more than what the final outcome will be. For those saying its not that bad, only 2.0% for fo's........you really need to look at the big picture. Sure its 2% off the top of your salary, but your health insurance costs are going to go thru the roof (42% increase in family deductable) and per deim is getting hit 8.8%.

To total that all up in a percentage loss, we are looking at 20%+ and thats JUST salary, health ins and per diem. I'm waaay too lazy to calculate all of the rest of the things we are losing and are now going to cost more.
2.0 salary
10.0 insurance premiums ****guessing**** could be worse
8.8 per deim
= 20.8% and rising

You might want to check your math...

2% salary hit + 10% ins hit + 8% per diem hit doesn't equal 20% total reduction in renumeration.

amorris311 05-09-2012 07:39 AM


Originally Posted by aussieflyboy (Post 1184841)
You might want to check your math...

2% salary hit + 10% ins hit + 8% per diem hit doesn't equal 20% total reduction in renumeration.

If you are basing everything off guarantee you are correct. Most people fly well over and that is why I think the number seems inflated. That's what I took from his post.

SmitteyB 05-09-2012 07:53 AM


Originally Posted by atrdriver (Post 1184805)
I don't mean to pick on you, just to comment on this mentality that is likely shared by many others...

This is the equivalent of saying, "Thank you, Sean, may I have another?" Mild case of Stockholm Syndrome, perhaps. If I was 9E management reading this, I'd think the pilots were breathing a sigh of relief and going to go with it because they were "expecting much worse." It appears it'll be a HUGE financial strain, especially considering health insurance costs. Keep fighting.

It's okay- it's a fair statement and you can pick on me. It's a forum, just opinion. I was expecting the company to submit a term sheet with harsher terms. I could never see this getting a pilot group ratification.

Mesabah 05-09-2012 07:56 AM


Originally Posted by johnso29 (Post 1184627)
How did Delta put 9E into BK? Seems to me it was PT & SM. I agree Delta eliminated 2 fleet types. But why wouldn't they? Those 2 fleet types provided lift for their largest competitor. Why would Delta provide $$$ to keep a competitors lift aloft?

Delta put us into bankruptcy is absolutely true. They (Delta) owed us money in February for the increased cost of the merger and integration of Mesaba. However, they told us they would not deal with us till bankruptcy. The Delta attorney's consider the DIP financing as the payment they owed us for the merger, and the attorney's are correct.

N2Core 05-09-2012 08:01 AM


Originally Posted by Milk Man (Post 1184707)
So I guess this should go without saying, dont pick up any open time when our guys are on the street

While I completely agree, it's almost a losing battle. People will pick it up without refrain. And when the company doesn't want to use the reserves to cover open time, they will simply jr assign and extend already exhausted line holders to the point of quitting. And if you can't do it, be prepared to meet with the chief pilot about it. Yes you can have a union rep with you if you so choose. In other words, don't make plans for your days off.

vtx531 05-09-2012 08:08 AM

Off topic but I would rather have someone pick it up than anyone get J.A.ed.

Unless they try to unsuccessfully J.A. everyone in the system, not picking up opentime won't save anyone's job, sorry to say. I've been furoughed before myself.

This topic comes up everytime there is a furlough. Noble intentions but it won't do anything to help as long as scheduling has the J.A. cannon to use on us.

A better idea is don't answer your phone.

PinnacleFO 05-09-2012 08:17 AM

There is way too many paragraphs in there about being aquired by an airline without the same union.

dingo222 05-09-2012 08:36 AM


Originally Posted by PinnacleFO (Post 1184875)
There is way too many paragraphs in there about being aquired by an airline without the same union.

love the avatar

gonyon 05-09-2012 09:43 AM


Originally Posted by FlyJSH (Post 1184827)
Please read your post again and think about what you just said.

i thought about it and don't understand the epiphany you want me to have. care to clarify?

SmitteyB 05-09-2012 09:56 AM


Originally Posted by FlyJSH (Post 1184827)
Please read your post again and think about what you just said.

What? He has a point. Some FOs can't make ends meet on 75 hrs.

tom14cat14 05-09-2012 10:14 AM


Originally Posted by SmitteyB (Post 1184949)
What? He has a point. Some FOs can't make ends meet on 75 hrs.

I think josh was getting at do not take a job if you can not live on the wages. Just a guess though

Bassman1985 05-09-2012 10:17 AM


Originally Posted by SmitteyB (Post 1184949)
What? He has a point. Some FOs can't make ends meet on 75 hrs.

I think it's pretty clear. The pay rates are that crappy. And we've been held hostage by the Regional industry for so long that we've just started to accept our fates. I think he was trying to drive that home.

skippy 05-09-2012 10:36 AM


Originally Posted by JamesNoBrakes (Post 1184646)
Well, you know, slave labor, indentured servitude....


If this is the business plan they have...?

I've said this before, at some point, people believe keeping the company afloat is better than having a good job, even if it means hurting the rest of the industry. Execs love this, and plenty of businesses are artificially propped up many times over, after the should have burned out and their markets taken by someone else or a new company (not a facade of a "new" company).

Step 1, Cut pay.
Step 2, ???
Step 3, Profit!

South park underpants gnomes!!!!! Am imthe only one who got it?

200Driver 05-09-2012 10:50 AM


Originally Posted by Bassman1985 (Post 1184962)
I think it's pretty clear. The pay rates are that crappy. And we've been held hostage by the Regional industry for so long that we've just started to accept our fates. I think he was trying to drive that home.

"started to accept our fates"...The exact statement / mentality that will prevent this industry from ever improving. Way to many pilots have developed this mentality. Defeat is always preceded by acceptance.

BoilerUP 05-09-2012 11:16 AM

This will be a business school case study of how M&A activity can result in spectacular failure for years to come...

Also, its obvious PNCL management isn't concerned with a "pilot shortage" due to Age 65 attrition, flight/duty time changes and the looming 121 pilot qualification NPRM.

mooney 05-09-2012 12:44 PM


Originally Posted by BoilerUP (Post 1185000)
This will be a business school case study of how M&A activity can result in spectacular failure for years to come...

Also, its obvious PNCL management isn't concerned with a "pilot shortage" due to Age 65 attrition, flight/duty time changes and the looming 121 pilot qualification NPRM.

why should they be? we will have a steady supply of pilots just as soon as the "schools" start printing up shiny brochures showing a "graduate" in the right seat of the 747 he was promised he'd be in by the time he's 26....no matter what the pay is.

gonyon 05-09-2012 01:30 PM


Originally Posted by tom14cat14 (Post 1184961)
I think josh was getting at do not take a job if you can not live on the wages. Just a guess though

uhmm well my entire plan was based on surviving until upgrade then paying down my loans. I since purchased a modest care nissan altima and have payments. with the size of my loans and any social life, i have to work about 85 hours a month.

stop with the holier then though. i'm wicked tight with my budget, its just that i have a huge loan payment. I have enough in savings to last a while but it is a steady trend toward personal bankruptcy

Bassman1985 05-09-2012 03:12 PM


Originally Posted by 200Driver (Post 1184987)
"started to accept our fates"...The exact statement / mentality that will prevent this industry from ever improving. Way to many pilots have developed this mentality. Defeat is always preceded by acceptance.

I agree. Kudos to all those who are taking a stand.

SmitteyB 05-09-2012 03:20 PM


Originally Posted by gonyon (Post 1185079)
uhmm well my entire plan was based on surviving until upgrade then paying down my loans. I since purchased a modest care nissan altima and have payments. with the size of my loans and any social life, i have to work about 85 hours a month.

stop with the holier then though. i'm wicked tight with my budget, its just that i have a huge loan payment. I have enough in savings to last a while but it is a steady trend toward personal bankruptcy

I have to agree with you gonyon.

People have no right to lecture each other on personal spending.

Kellwolf 05-09-2012 03:47 PM


Originally Posted by mooney (Post 1185039)
why should they be? we will have a steady supply of pilots just as soon as the "schools" start printing up shiny brochures showing a "graduate" in the right seat of the 747 he was promised he'd be in by the time he's 26....no matter what the pay is.

Assuming PCL is still around at that point.....

FlyJSH 05-09-2012 04:24 PM

Okay, let me spell it out....


Originally Posted by rightside02 (Post 1184762)
There is no excuse for picking it up.... Pilots should budget their expenses based off of 75 hours.... Anythin more than that is simply extra .....

At least that's my 2 cents


Originally Posted by gonyon (Post 1184774)
Understood. some can not live off the 75 hours because of the cost to get the education for this job. i'm not advocating picking up open time but just illustrating that fact that 75 hours is not enough to LIVE on without digging into savings on a month to month basis for many in this industry.

gawd this industry sucks.

-Stating that one "cannot live off the 75 hours" sounds like justification for picking up future open time. If one needs additional money when we have folks furloughed, get a second job.

-Taking a job that necessitates pulling significant overtime just to break even isn't smart. Enough people doing so degrades pay industry wide.

I am not questioning how one spends his money, just saying that basing a budget on 85 hours per month (1020 hours per year) is a losing proposition. Until people stop counting on overtime and perdiem to survive, this industry will just be indentured servitude.

JamesNoBrakes 05-09-2012 05:48 PM


Originally Posted by FlyJSH (Post 1185191)
-Taking a job that necessitates pulling significant overtime just to break even isn't smart. Enough people doing so degrades pay industry wide..

Yep, if you took this job within the last few years, with what was known about the industry, how can you complain? What is your backup plan? You do have a backup plan right? I could understand if it was a student in school trying to decide about whether they should go on with their training, but you are well past that now.

ShyGuy 05-09-2012 06:11 PM

Finally......... some common sense:

V.
Implementation
of
Integrated
Seniority
List.
A.
The
Carrier
Parties
shall
not
implement
the
Integrated
Seniority
List
prior
to
Operational
Integration.
B.
No
employee
of
any
Carrier
Party
may
claim
an
entitlement
to
seniority
rights
of
any
type
under
the
Integrated
Seniority
List,
or
to
compensation
or
other
benefits
in
lieu
of
such
seniority
rights,
prior
to
Operational
Integration.

ShyGuy 05-09-2012 06:14 PM

Finally......... some common sense:

V. Implementation of Integrated Seniority List.

A. The Carrier Parties shall not implement the Integrated Seniority List prior to operational integration.

B. No employee of any Carrier may claim an entitlement to seniority rights of any type under the integrated Seniority List, or to compensation or other benefits in lieu of such seniority rights, prior to Operational Integration.

tom14cat14 05-09-2012 06:30 PM


Originally Posted by gonyon (Post 1185079)
uhmm well my entire plan was based on surviving until upgrade then paying down my loans. I since purchased a modest care nissan altima and have payments. with the size of my loans and any social life, i have to work about 85 hours a month.

stop with the holier then though. i'm wicked tight with my budget, its just that i have a huge loan payment. I have enough in savings to last a while but it is a steady trend toward personal bankruptcy

Settle down there. I was not lecturing you i was stating what i thought josh was getting at. I too pay huge loan payments and am very fortunate my wife has a good job otherwise i would have been in Bankruptcy a long time ago. I was not commenting on what i think you or anyone else should do. I was just stating what I took from josh's comment

gonyon 05-09-2012 06:57 PM


Originally Posted by tom14cat14 (Post 1185292)
Settle down there. I was not lecturing you i was stating what i thought josh was getting at. I too pay huge loan payments and am very fortunate my wife has a good job otherwise i would have been in Bankruptcy a long time ago. I was not commenting on what i think you or anyone else should do. I was just stating what I took from josh's comment

I apologize. I meant it as a response to the other guy. Sorry bout that. Yes, my plan was pretty solid when i got into this industry based on the info i had. unfortunately nothing went as planned. so my new plan is plan for nothing to go as planned then when the plan doesn't go as planned the plan is still good because you planned for there not to be a plan. Not a bad plan right?

now off to the bar by the lawschoool to find my sugar mama.

Silver02ex 05-09-2012 08:53 PM


Originally Posted by gonyon (Post 1185079)
uhmm well my entire plan was based on surviving until upgrade then paying down my loans. I since purchased a modest care nissan altima and have payments. with the size of my loans and any social life, i have to work about 85 hours a month.

stop with the holier then though. i'm wicked tight with my budget, its just that i have a huge loan payment. I have enough in savings to last a while but it is a steady trend toward personal bankruptcy

I don't think anyone has the rights to tell anyone how to live their life. I don't like the idea of buying things because I "plan" on upgrading or expecting a bigger pay check. My wife and I bought a house a couple years ago that's based on my 75 hrs of pay and her part time job. I don't have to worry about using our savings, everything above 75 hrs is put towards savings or entertainment.

Colnago 05-09-2012 09:31 PM


Originally Posted by aussieflyboy (Post 1184841)
You might want to check your math...

2% salary hit + 10% ins hit + 8% per diem hit doesn't equal 20% total reduction in renumeration.

remuneration*


Anyway, whoever mentioned that cheap air travel is being subsidized by airline employees is absolutely correct. I'm truly sick of the airline industry in the US. Time to leave...

Bluedriver 05-10-2012 05:46 AM


Originally Posted by gonyon (Post 1185079)
uhmm well my entire plan was based on surviving until upgrade then paying down my loans. I since purchased a modest care nissan altima and have payments. with the size of my loans and any social life, i have to work about 85 hours a month.

stop with the holier then though. i'm wicked tight with my budget, its just that i have a huge loan payment. I have enough in savings to last a while but it is a steady trend toward personal bankruptcy

Those are YOUR bad decisions.

Bluedriver 05-10-2012 05:59 AM

It seems this package might be worse than contract 99 when all things are considered....

FlyJSH 05-10-2012 06:28 AM


Originally Posted by JamesNoBrakes (Post 1185261)
Yep, if you took this job within the last few years, with what was known about the industry, how can you complain? My complaint with this bankruptcy is that some idiots signed unrealistic and unsustainable turbo prop contracts. Props make sense for puddle jumping, and they make money when management writes a decent contract.

My other complaint is with an individual who Voluntarily picks up open time because he needs the money while guys are being furloughed. IMHO said individual is a back stabber. That is my real beef.


What is your backup plan? You do have a backup plan right?
Specific plans, no. Many options? Absolutely. I doubt I will remain in the 121 world unless I can get on with a carrier which does NOT subcontract. More than likely, I will return to 135 flying for several reasons: no commuting, many options for better schedules, pay that is as good or better, and the ability to get a new job without having to go back to year one FO pay or schedules. Unfortunately for the folks who were hired with 500 hours of CFI time, finding 135 or corporate jobs will be much more of a challenge.

I could understand if it was a student in school trying to decide about whether they should go on with their training, but you are well past that now.

You're right, I am.

Jamers 05-10-2012 06:40 AM

So.... Everything is our fault..

mooney 05-10-2012 06:44 AM


Originally Posted by Bluedriver (Post 1185470)
It seems this package might be worse than contract 99 when all things are considered....

it definitely will be for me. Already did the math on it!

gonyon 05-10-2012 06:50 AM


Originally Posted by Silver02ex (Post 1185345)
I don't think anyone has the rights to tell anyone how to live their life. I don't like the idea of buying things because I "plan" on upgrading or expecting a bigger pay check. My wife and I bought a house a couple years ago that's based on my 75 hrs of pay and her part time job. I don't have to worry about using our savings, everything above 75 hrs is put towards savings or entertainment.

dont' think its possible to take a penny of loan money for flight school and plan for 75hrs on fo pay. just saying.

gonyon 05-10-2012 06:51 AM


Originally Posted by Bluedriver (Post 1185463)
Those are YOUR bad decisions.

and how did you pay for your flight training?

My decisions resulted in not a single late loan payment, in fact i'm ahead six months. I have a fair amount in savings a strong resume (along with 5000 other guys), and no other real debt. So I made bad decisions? All i'm saying is that my average lifestyle with my student debt is not sustainable without going negative every month. now if i share living expenses that all changes. That is what i will likely do if i am capped at 75 hours.

based on all the information i had at the time i started, i would be about 2nd to 3rd year at mainline by now making 90-110k a year because that was what 2nd to 3rd year at mainline paid when i started and the mandatory retirement would have been a couple years deep by then. everything changed.

but by your logic you are saying that one should base their living costs on 75hrs per month on regional FO pay. Thats unrealistic. You couldn't take out a penny in loans.

this is a dumb conversation. lets move on.

MachJ 05-10-2012 07:03 AM


Originally Posted by gonyon (Post 1185497)
dont' think its possible to take a penny of loan money for flight school and plan for 75hrs on fo pay. just saying.

It's absolutely possible, and many of us are doing it now. If you can't live off your min guarantee pay then you are living beyond your means.

BoilerUP 05-10-2012 07:58 AM

Threads like this are why I pushed very hard in my graduation exit interview that Purdue make a personal finance class mandatory for AvTech/Flight majors.

A library card and "Total Money Makeover" would do folks a lot of good...


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