Eagle AIP
02-02-2014, 06:18 PM
#61
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Originally Posted by SkylineAviation
Because that's what I said. Please learn how to read and comprehend.
It would be a lot easier to "read and comprehend" if you were fluent in English...
I say again, "fiduciary duty for management" doesn't require them to get pay cuts from employees! Show me one example of management going to jail for failing to get pay cuts from their employees.
02-02-2014, 06:33 PM
#63
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Posts: 3,707
vote no, there is no company to replace eagle pilots, not because they don't want to but they just cant staff what they have now. regional will have to merge to streamline ops on one certificate to get a few pilots on the balance sheet from the merge to staff just to cover what feed they have today.
mainline ceos busted the model in an act of greed but it is biting them in the *** just like at united soon delta and inevitably aag
mainline ceos busted the model in an act of greed but it is biting them in the *** just like at united soon delta and inevitably aag
02-02-2014, 06:55 PM
#64
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Originally Posted by SkylineAviation
You think I'm advocating this contract, or think I agree? I'm simply putting out information that came directly from the shot callers.
I think the whole thing stinks but at the same time everyone needs to be well informed. You can not deny that management has fiduciary responsibility. If not they go to jail (i.e. Enron). And yes, they prey on that but it's not only limited to airlines, it's corporate america.
Vote yes, vote no...make a move and stick to it. But at least know the facts in a rational way. Try to think as others around you do and then you can know others motives and next move. It's a great negotiating tactic that management has mastered and we're just trying to play catch-up.
I think the whole thing stinks but at the same time everyone needs to be well informed. You can not deny that management has fiduciary responsibility. If not they go to jail (i.e. Enron). And yes, they prey on that but it's not only limited to airlines, it's corporate america.
Vote yes, vote no...make a move and stick to it. But at least know the facts in a rational way. Try to think as others around you do and then you can know others motives and next move. It's a great negotiating tactic that management has mastered and we're just trying to play catch-up.
Guess I just "misread" your statement above about "managements fiduciary responsibility, if not they go to jail (i.e. Enron)"?
02-02-2014, 07:09 PM
#65
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Joined APC: Apr 2013
Posts: 468
Eagle AIP
Never did I say if they don't get pay cuts they go to jail...those were your words. I was making a point about their responsibility to shareholders. Which is to maximize returns. That comes in various forms, one of which is by squeezing labor. Hence their fiduciary responsibility to cut costs and maximize shareholder returns.
They are using Pinnacle and PSA as their reasoning for such concessions against Eagle. Scott Kirby and Parker both openly stated in calls with investors that they MUST compete with Delta and their Pinnacle contact to lower other wholly owned costs. This is how corporate America works and why they must appease shareholders to keep market value.
Understand that you and I are in agreement about how deplorable this is. But I'm simply stating the reasons for their actions and why it's come to this.
They are using Pinnacle and PSA as their reasoning for such concessions against Eagle. Scott Kirby and Parker both openly stated in calls with investors that they MUST compete with Delta and their Pinnacle contact to lower other wholly owned costs. This is how corporate America works and why they must appease shareholders to keep market value.
Understand that you and I are in agreement about how deplorable this is. But I'm simply stating the reasons for their actions and why it's come to this.
02-03-2014, 10:47 AM
#66
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Posts: 2,035
Originally Posted by SkylineAviation
Never did I say if they don't get pay cuts they go to jail...those were your words. I was making a point about their responsibility to shareholders. Which is to maximize returns. That comes in various forms, one of which is by squeezing labor. Hence their fiduciary responsibility to cut costs and maximize shareholder returns.
They are using Pinnacle and PSA as their reasoning for such concessions against Eagle. Scott Kirby and Parker both openly stated in calls with investors that they MUST compete with Delta and their Pinnacle contact to lower other wholly owned costs. This is how corporate America works and why they must appease shareholders to keep market value.
Understand that you and I are in agreement about how deplorable this is. But I'm simply stating the reasons for their actions and why it's come to this.
They are using Pinnacle and PSA as their reasoning for such concessions against Eagle. Scott Kirby and Parker both openly stated in calls with investors that they MUST compete with Delta and their Pinnacle contact to lower other wholly owned costs. This is how corporate America works and why they must appease shareholders to keep market value.
Understand that you and I are in agreement about how deplorable this is. But I'm simply stating the reasons for their actions and why it's come to this.
Smart management knows that if they take care of their employees, the employees take care of their customers. This has been proven by Southwest paying their 737 crews at the highest rates in the industry, and yet being a very highly profitable company. The same can be said of pay and profitability of flight crews at UPS and Fedex. It's well known by intelligent management that happy employees equate to happy repeat customers!
If current management at some carriers is too dumb to realize the connection between taking care of employees, so they'll take care of customers. It is the fiduciary duty of every crew member at those airlines to vote NO and put a stop to the degradation of this industry by inept management!!!
02-03-2014, 11:27 AM
#67
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Originally Posted by pagey
Why would a CEO shut down his own company? Parker doesn't care who does the feed for AA because its not his company. If he shuts down a wholly owned then someone else does the feed and Dougie still makes money. I'd say a CEO at a non-wholly owned has a vested interest in his company continuing to exist.
02-03-2014, 11:35 AM
#68
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Position: Left
Posts: 1,809
Originally Posted by Mason32
except when your wholly owned also effects your mainline stock value. Eagle is not as seperate a company as it seems.
My post was in reference to XJT mgmt threatening to not bid on any RFPs, not Eagle.
02-03-2014, 11:44 AM
#69
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Thread Starter
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Posts: 562
Three things I learned from todays conference call.
1. Bill Voltek (sp) is a yes voter
2. PSA MEC has stated they would ta more concessions for additional aircraft
3. Mesa MEC lies like their management, he stated all classes are always full, and failure rate is only 10%.
Otherwise nothing new
1. Bill Voltek (sp) is a yes voter
2. PSA MEC has stated they would ta more concessions for additional aircraft
3. Mesa MEC lies like their management, he stated all classes are always full, and failure rate is only 10%.
Otherwise nothing new
02-03-2014, 11:55 AM
#70
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Joined APC: Feb 2006
Posts: 490
"The plans are for Eagle to be a 180-197 E175 operator with 40 E145. The E145's will be drawn down slowly over time. The 40 E145 will remain until 2022 for specific markets.
The CRJ's will go to another carrier, PSA most likely. It will happen after you vote down your AIP as a punishment and "we told you we'd close you, this is the first step." Then they will want to negotiate again.
You will get your first E175's as early as the end of summer. They plan to take planes from RAH as they become unable to staff them later this Spring. This is the real reason behind the initial cadre language. The planes will be here sooner than you expect. Just 10-15 to start with. Those will most likely go to MIA or NY I'm being told.
This is the plan, you can vote no, or vote yes. It won't change except for how much profit they make off you; and how much of a stock bump they get from lowering labor costs even further."
Mason, a while back you posted this. It seems eerily accurate.
The CRJ's will go to another carrier, PSA most likely. It will happen after you vote down your AIP as a punishment and "we told you we'd close you, this is the first step." Then they will want to negotiate again.
You will get your first E175's as early as the end of summer. They plan to take planes from RAH as they become unable to staff them later this Spring. This is the real reason behind the initial cadre language. The planes will be here sooner than you expect. Just 10-15 to start with. Those will most likely go to MIA or NY I'm being told.
This is the plan, you can vote no, or vote yes. It won't change except for how much profit they make off you; and how much of a stock bump they get from lowering labor costs even further."
Mason, a while back you posted this. It seems eerily accurate.
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