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The Latest Epic Failure Of The US Regionals
Who am I talking about? Pinnacle!
I make this thread for educational purposes...these pilots should have seen this coming a MILE AWAY. Let's recognize the symptoms so this doesn't happen again. Ok....from the beginning now.... 1. Pinnacle chooses to self finance 900's and underbid flying to gain regional market share. #FAIL 2. Pinnacle buys Colgan and Mesaba with money loaned from Delta with an interest rate of 12-13 cents on the dollar. #FAIL 3. Pinnacle files Chapter 11 and then accepts DIP financing from Delta with another ridiculous interest rate because Pinnacle barely has cash on hand to run its day to day operations #FAIL 4. Once again it falls on PILOTS to fall on the sword for management's failures. They overwhelmingly (85%) vote in a TA that cuts pay, cuts QOL, furloughs more than half of the group, and takes responsibility for Pinnacles bad business....while their CEO took a HUGE pay raise last year. #FAIL FAIL FAIL FAIL |
And which of these management decisions should pilots change so that this "doesn't happen again?"
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Originally Posted by Grinder10
(Post 1330588)
And which of these management decisions should pilots change so that this "doesn't happen again?"
Come on...its not hard. |
Official statement from Pinnacles management!
Management failures were responsible for Pinnacle’s current financial crisis, but it was only this sacrifice by you, the professional pilots of Pinnacle airlines, that could preserve a future for the airline and its employees. |
Originally Posted by NoHandHold
(Post 1330605)
Official statement from Pinnacles management!
LOL! What a slap in the face! |
Originally Posted by Tinpusher007
(Post 1330613)
That statement is from ALPA, not our "management".
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Originally Posted by NoHandHold
(Post 1330571)
Who am I talking about? Pinnacle!
I make this thread for educational purposes...these pilots should have seen this coming a MILE AWAY. Let's recognize the symptoms so this doesn't happen again. Ok....from the beginning now.... 1. Pinnacle chooses to self finance 900's and underbid flying to gain regional market share. #FAIL 2. Pinnacle buys Colgan and Mesaba with money loaned from Delta with an interest rate of 12-13 cents on the dollar. #FAIL 3. Pinnacle files Chapter 11 and then accepts DIP financing from Delta with another ridiculous interest rate because Pinnacle barely has cash on hand to run its day to day operations #FAIL 4. Once again it falls on PILOTS to fall on the sword for management's failures. They overwhelmingly (85%) vote in a TA that cuts pay, cuts QOL, furloughs more than half of the group, and takes responsibility for Pinnacles bad business....while their CEO took a HUGE pay raise last year. #FAIL FAIL FAIL FAIL |
Originally Posted by shimmydamp
(Post 1330622)
Management driving companies into the ground and reaping benefits while forcing layoffs and concessions onto frontline employees happens in every industry. AIG, GM, Chrysler to name a few... Write your congressman.
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Originally Posted by NoHandHold
(Post 1330616)
Holy balls...that's even worse man.
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These things do not happen over night. This was delta's big plan. This will be the fate of most other regional's.
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Did anyone really expect anything different? One thing about the internet polls the opposite almost always happens. 405 guys automatically voted yes just to save their captain slots. All the senior FO's/downgraders wanted to keep current while they plan their exit strategies. It is the same old tune over and over.
It is awfully easy for guys to get on here, puff their chests, and try and get guys to sacrifice their careers. My guess is those same guys would vote to save their own career in a heartbeat. If I was in their situation I would do the same thing and start looking for either a better job or a way out of this industry all together. |
I wonder how smooth and efficient the operation is going to run especially after everyone realizes they have been had.
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Originally Posted by MyMamma
(Post 1330644)
I wonder how smooth and efficient the operation is going to run especially after everyone realizes they have been had.
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Originally Posted by Tinpusher007
(Post 1330629)
You seem to think we just bent over when there was another viable option.
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Originally Posted by tom14cat14
(Post 1330672)
It will run just fine because we are processionals. We do not act like little kids and throw a tantrum because we did not get what we want.
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Originally Posted by PBSG
(Post 1330680)
Processionals? Like a funeral procession?
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Originally Posted by NoHandHold
(Post 1330689)
Lol........
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Originally Posted by PBSG
(Post 1330680)
Processionals? Like a funeral procession?
Sorry, Pinnacle guys. No good options at this point. http://i4.photobucket.com/albums/y14...5-2-091158.jpg |
Originally Posted by CrakPipeOvrheat
(Post 1330679)
I prepared financially for it and would have taken great pleasure in watching Pinnacle liquidate.
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Originally Posted by NoHandHold
(Post 1330693)
Wow! Somebody with foresight & fortitude. I applaud you sir. Many of your coworkers and other folks countrywide can benefit from some of the things you are displaying here.
hiding behing a screenname and being an internet warrior starting threads bashing other pilots who will be out of a job or taking a 50% pay and QOL cut takes a lot of guts and fortitude, eh? and don't give me any "educational purposes" bs. |
Originally Posted by IBPilot
(Post 1330719)
hiding behing a screenname and being an internet warrior starting threads bashing other pilots takes a lot of guts and fortitude, eh? and don't give me any "educational purposes" bs.
I'd be mad if I were in your poop filled shoes too. |
Originally Posted by IBPilot
(Post 1330719)
taking a 50% pay and QOL cut takes a lot of guts and fortitude, eh?
You voted for it overwhelmingly! |
Originally Posted by NoHandHold
(Post 1330729)
You mad bro? LOL
I'd be mad if I were in your poop filled shoes too. |
Originally Posted by IBPilot
(Post 1330741)
ya, I get mad when teenagers and god's gifts to the regionals like you bash others not knowing how they voted who will now be on the street.....
Miss Cleo? wth? |
Originally Posted by IBPilot
(Post 1330719)
Originally Posted by NoHandHold
(Post 1330693)
Wow! Somebody with foresight & fortitude. I applaud you sir. Many of your coworkers and other folks countrywide can benefit from some of the things you are displaying here.
hiding behing a screenname and being an internet warrior starting threads bashing other pilots who will be out of a job or taking a 50% pay and QOL cut takes a lot of guts and fortitude, eh? and don't give me any "educational purposes" bs. |
Really?
It's annoying to see everybody ridiculing and blaming Pinnacle pilots for the TA being being passed. In the airline pilot profession, specifically the regionals, pilots have literally zero power, because its not their branded flying. Delta purposely built language in there secret CPAs so that they have back door exits to get out of contracts or manipulate the company enough to have much less money than it planned on having.
This reminds me of the Satellite dish service guy that said it would be $39.99 a month, but when the bill came it was $80.00 or more. You planned on a certain amount, but in the fine print language interpretation you realize they can do what they want. Throw on top of that gross mismanagement and the RLA and what choices with which are the pinnacle pilots left? You are only worth what you can negotiate, and unfortunately due to industry laws, supply and demand, and pocketbook, DELTA is in control. At least for now. A lot of companies in wide ranging industries all over the country know that right now they can get away with treating their employees like crap because the economy is down and many in the labor force do not have many options to do anything about their bad treatment. However as history shows, everything goes in cycles, and following periods where companies treat people like ****, are periods where employees have all the leverage, force higher wages, and jump around the next highest paying job while the company eats the turds. I would even go as far as saying most people in the workforce would leave their job for a better paying job in a second despite how well a previous employer treated them, which is part of the modern phenomenon of employees not staying with the same company their whole life any more (and why people dont stay married anymore). Instead of saying how weak pinnacle pilots are, pehaps give condolences for their loss. For everybodys loss in this profession. Lord knows your regional carrier is probably next on the chopping block, and you too will see how powerless you really are. |
Originally Posted by CrakPipeOvrheat
(Post 1330743)
I love it when an Internet tough guy tells someone they are hiding behind a screen name. What would you do if you knew his identity? Nothing.
and do tell, did I threaten him? Call his momma a name? what did I say that was "tough guy"? |
Originally Posted by marlonmoneda1
(Post 1330748)
It's annoying to see everybody ridiculing and blaming Pinnacle pilots for the TA being being passed. In the airline pilot profession, specifically the regionals, pilots have literally zero power, because its not their branded flying. Delta purposely built language in there secret CPAs so that they have back door exits to get out of contracts or manipulate the company enough to have much less money than it planned on having.
This reminds me of the Satellite dish service guy that said it would be $39.99 a month, but when the bill came it was $80.00 or more. You planned on a certain amount, but in the fine print language interpretation you realize they can do what they want. Throw on top of that gross mismanagement and the RLA and what choices with which are the pinnacle pilots left? You are only worth what you can negotiate, and unfortunately due to industry laws, supply and demand, and pocketbook, DELTA is in control. At least for now. A lot of companies in wide ranging industries all over the country know that right now they can get away with treating their employees like crap because the economy is down and many in the labor force do not have many options to do anything about their bad treatment. However as history shows, everything goes in cycles, and following periods where companies treat people like ****, are periods where employees have all the leverage, force higher wages, and jump around the next highest paying job while the company eats the turds. I would even go as far as saying most people in the workforce would leave their job for a better paying job in a second despite how well a previous employer treated them, which is part of the modern phenomenon of employees not staying with the same company their whole life any more (and why people dont stay married anymore). Instead of saying how weak pinnacle pilots are, pehaps give condolences for their loss. For everybodys loss in this profession. Lord knows your regional carrier is probably next on the chopping block, and you too will see how powerless you really are. This is no place for facts and common sense. It is a place for 1 or 3 ASA/XJT goons to prove to people they have balls........:rolleyes: |
Originally Posted by IBPilot
(Post 1330754)
Originally Posted by CrakPipeOvrheat
(Post 1330743)
I love it when an Internet tough guy tells someone they are hiding behind a screen name. What would you do if you knew his identity? Nothing.
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What else is new? Same arguments and points that have been made for years. It's very hard to vote yourself out of a job.
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Originally Posted by MyMamma
(Post 1330644)
I wonder how smooth and efficient the operation is going to run especially after everyone realizes they have been had.
You screw around even once and you may be putting your one out in jeopardy like never before. Delta just scared pilots into giving up pay and behaving like never before and they all bought it. |
I'm just surprised it passed by an overwhelming majority. I would've guessed maybe 60% ish. I'm not trying to categorize just pilots from pinnacle here but I think it is interesting that a lot of regional pilots blame the majors for giving away every regional airplane but then we have an instance like this. I understand that delta was threatening liquidation but they always threaten during a strike. And just look at comair who were promised a bail out and then closed anyway.
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Originally Posted by marlonmoneda1
(Post 1330748)
It's annoying to see everybody ridiculing and blaming Pinnacle pilots for the TA being being passed. In the airline pilot profession, specifically the regionals, pilots have literally zero power, because its not their branded flying. Delta purposely built language in there secret CPAs so that they have back door exits to get out of contracts or manipulate the company enough to have much less money than it planned on having.
This reminds me of the Satellite dish service guy that said it would be $39.99 a month, but when the bill came it was $80.00 or more. You planned on a certain amount, but in the fine print language interpretation you realize they can do what they want. Throw on top of that gross mismanagement and the RLA and what choices with which are the pinnacle pilots left? You are only worth what you can negotiate, and unfortunately due to industry laws, supply and demand, and pocketbook, DELTA is in control. At least for now. A lot of companies in wide ranging industries all over the country know that right now they can get away with treating their employees like crap because the economy is down and many in the labor force do not have many options to do anything about their bad treatment. However as history shows, everything goes in cycles, and following periods where companies treat people like ****, are periods where employees have all the leverage, force higher wages, and jump around the next highest paying job while the company eats the turds. I would even go as far as saying most people in the workforce would leave their job for a better paying job in a second despite how well a previous employer treated them, which is part of the modern phenomenon of employees not staying with the same company their whole life any more (and why people dont stay married anymore). Instead of saying how weak pinnacle pilots are, pehaps give condolences for their loss. For everybodys loss in this profession. Lord knows your regional carrier is probably next on the chopping block, and you too will see how powerless you really are. I would rather have seen 0% turnout. Wear your Delta lanyards with pride. |
Originally Posted by marlonmoneda1
(Post 1330748)
It's annoying to see everybody ridiculing and blaming Pinnacle pilots for the TA being being passed. In the airline pilot profession, specifically the regionals, pilots have literally zero power, because its not their branded flying. Delta purposely built language in there secret CPAs so that they have back door exits to get out of contracts or manipulate the company enough to have much less money than it planned on having.
This reminds me of the Satellite dish service guy that said it would be $39.99 a month, but when the bill came it was $80.00 or more. You planned on a certain amount, but in the fine print language interpretation you realize they can do what they want. Throw on top of that gross mismanagement and the RLA and what choices with which are the pinnacle pilots left? You are only worth what you can negotiate, and unfortunately due to industry laws, supply and demand, and pocketbook, DELTA is in control. At least for now. A lot of companies in wide ranging industries all over the country know that right now they can get away with treating their employees like crap because the economy is down and many in the labor force do not have many options to do anything about their bad treatment. However as history shows, everything goes in cycles, and following periods where companies treat people like ****, are periods where employees have all the leverage, force higher wages, and jump around the next highest paying job while the company eats the turds. I would even go as far as saying most people in the workforce would leave their job for a better paying job in a second despite how well a previous employer treated them, which is part of the modern phenomenon of employees not staying with the same company their whole life any more (and why people dont stay married anymore). Instead of saying how weak pinnacle pilots are, pehaps give condolences for their loss. For everybodys loss in this profession. Lord knows your regional carrier is probably next on the chopping block, and you too will see how powerless you really are. |
Originally Posted by RgrMurdock
(Post 1330787)
I'm just surprised it passed by an overwhelming majority. I would've guessed maybe 60% ish. I'm not trying to categorize just pilots from pinnacle here but I think it is interesting that a lot of regional pilots blame the majors for giving away every regional airplane but then we have an instance like this. I understand that delta was threatening liquidation but they always threaten during a strike. And just look at comair who were promised a bail out and then closed anyway.
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Originally Posted by seafeye
(Post 1330808)
Our power is our vote. You just decided to tell management that you are happy (80%) with the TA.
I would rather have seen 0% turnout. Wear your Delta lanyards with pride. |
Sometimes it's best to be put down than to suffer for a couple more years.
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Originally Posted by Tinpusher007
(Post 1330817)
Are you trying to be funny or are you just incredibly ignorant??? How is a powerful vote to lose one's job powerful at all?
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Originally Posted by seafeye
(Post 1330819)
Sometimes it's best to be put down than to suffer for a couple more years.
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N2Core what has lead you to believe a liquidation would of not occurred?
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