Originally Posted by EvilMonkey (Post 1616928)

BB's response:

Good evening. With the vote results now public, I can share some of my thoughts about recent industry developments without being accused of trying to influence the voting process. Of course, it should go without saying that I am very disappointed in the outcome of the vote, but I sincerely respect the process and the voice of our pilots. I’ll have a few more thoughts about that later in this note, but first I actually would like to chat about the contract rejections at ExpressJet and Envoy.

Personally, I was encouraged by the outcome of these votes. Republic had nothing to gain from a “race to the bottom” in pilot collective bargaining agreements within our peer group. If our costs become uncompetitive, then we don’t grow. And if we don’t grow, a vicious cycle of stagnation and decline begins. That isn’t beneficial to any of our stakeholders.

I viewed our Tentative Agreement as an investment in our collective future. The return on that investment was a belief that with a successful outcome we would be well positioned, once again, to compete for new flying opportunities and those future returns would help pay for the higher expenses contained in the new TA. However, we also had to understand what would happen if we were wrong, meaning if new growth failed to materialize. Our economic approach had to balance both outcomes, the worst case being our TA passed and yet we failed to win any of the on-going RFP competitions. In short, could we pay for the TA without growth? That was one of the main reasons why we shortened the duration of the TA to four years from five years and added the early opener after year three. Neither side could comfortably foresee the future.

As disappointing as the vote outcome was, we cannot lose heart. We have too many families that depend on Republic. Both sides likely will need some down time to recharge their batteries and let the dust clear. Then we will determine the most constructive way to reengage in the process. Reaching a new agreement that is fair to both sides remains our highest priority.

Thank you again for your continued professionalism and dedication to service.

God bless,

Bryan

Originally Posted by EvilMonkey (Post 1616928)

BB's response:

Good evening. With the vote results now public, I can share some of my thoughts about recent industry developments without being accused of trying to influence the voting process. Of course, it should go without saying that I am very disappointed in the outcome of the vote, but I sincerely respect the process and the voice of our pilots. I’ll have a few more thoughts about that later in this note, but first I actually would like to chat about the contract rejections at ExpressJet and Envoy.

Personally, I was encouraged by the outcome of these votes. Republic had nothing to gain from a “race to the bottom” in pilot collective bargaining agreements within our peer group. If our costs become uncompetitive, then we don’t grow. And if we don’t grow, a vicious cycle of stagnation and decline begins. That isn’t beneficial to any of our stakeholders.

I viewed our Tentative Agreement as an investment in our collective future. The return on that investment was a belief that with a successful outcome we would be well positioned, once again, to compete for new flying opportunities and those future returns would help pay for the higher expenses contained in the new TA. However, we also had to understand what would happen if we were wrong, meaning if new growth failed to materialize. Our economic approach had to balance both outcomes, the worst case being our TA passed and yet we failed to win any of the on-going RFP competitions. In short, could we pay for the TA without growth? That was one of the main reasons why we shortened the duration of the TA to four years from five years and added the early opener after year three. Neither side could comfortably foresee the future.

As disappointing as the vote outcome was, we cannot lose heart. We have too many families that depend on Republic. Both sides likely will need some down time to recharge their batteries and let the dust clear. Then we will determine the most constructive way to reengage in the process. Reaching a new agreement that is fair to both sides remains our highest priority.

Thank you again for your continued professionalism and dedication to service.

God bless,

Bryan

Originally Posted by slats fail (Post 1611763)

Originally Posted by spaaks (Post 1616958)

So i'm sure he meant to be explaining his business plan thought process, but to me this says "my opinion of you (pilots) has not/will not change and I am only giving you this "industry leading" TA because i'm almost certain I have growth lined up."
Anyone else get this?

This whole letter is lip service

Originally Posted by ZBowFlyz (Post 1616970)

He DID have growth lined up. Routes currently flown by Eagle.