Wheels falling off at RAH
#894
Gets Weekends Off
Joined: Nov 2014
Posts: 623
Likes: 0
From: E170 CA/LCA
#896
Line Holder
Joined: Jun 2015
Posts: 699
Likes: 14
From: A-320
#898
On Reserve
Joined: Sep 2014
Posts: 116
Likes: 0
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
#899
Line Holder
Joined: Apr 2009
Posts: 201
Likes: 4
I second that!
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
I am starting to lose confidence in the negotiating committee. The latest email from the company says they're offering a "industry leading contract" in all areas. My opinion, have the company show their plan and see what they're offering and let the pilot group vote.
No one has anyone real insight as to what the NC is asking for. Maybe it actually is TOO much and thats why we keep blowing past these deadlines with no TA or promising updates.
I want to see exactly what the company is offering. I am no company guy and am just disgusted as the next guy flying the line. But looking at the financials, the company is leveraged to the gills, it has $3.4 billion in LONG TERM debt, its short term debt is almost double then its cash, we need to pay $100 million each year for the next 3 years before the long term debt kicks in. So we need to profit $100+ million annually to "show were profitable". In reality, financially..were ******ed.
So even if the company caves and gives in to these proclaimed "high demands" that the NC is asking for, with these numbers, how long will that gravy train last??
I want to see what the company is offering, compared to what the NC is asking.
#900
Line Holder
Joined: Feb 2015
Posts: 58
Likes: 0
We have the unique situation where the market is moving faster than the negotiators have the ability to contemplate. Regional pilot salaries should be doubling and the negotiations are thinking what, 10 to 20%? If the airlines were smart they would want to wrap up these contract negotiations as soon as possible and lock in these low rates.
There should not be airline captains at regionals making less than 100k, probably 110 to 120 should be the minimum. Everyone needs to adjust their expectation because that is where the free market is.
There should not be airline captains at regionals making less than 100k, probably 110 to 120 should be the minimum. Everyone needs to adjust their expectation because that is where the free market is.
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