NoHandHold

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

Grinder10

And which of these management decisions should pilots change so that this "doesn't happen again?"

NoHandHold

You read the recap and show me where pilots had a decision...but were bullied into being too scared to do something.

Come on...its not hard.

NoHandHold

Official statement from Pinnacles management!

LOL! What a slap in the face!

Tinpusher007

That statement is from ALPA, not our "management".

NoHandHold

Holy balls...that's even worse man.

shimmydamp

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.

NoHandHold

O really? I never knew that.

Tinpusher007

No one at Pinnacle is jumping up and down with joy over this. The statement is true. We didnt cause this problem, our management did. The BK judge even said as much and thats partly why he denied the company's motion to reject our contract in court. Unfortunately, Delta doesnt care. So this is what we're stuck with. Delta leveraged their hand over a carrier that was too broke to even make payroll (they're paying it) and this is the result. You seem to think we just bent over when there was another viable option. Hopefully your mgt is alot more sharp than ours (and I cant see how they couldnt be at this point), and you wont suffer the same fate whoever you fly for.

kais

These things do not happen over night. This was delta's big plan. This will be the fate of most other regional's.