Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Regional
RJET down by -50% today? >

RJET down by -50% today?

Search

Notices
Regional Regional Airlines

RJET down by -50% today?

Thread Tools
 
Search this Thread
 
Old 07-29-2015 | 07:01 PM
  #211  
Line Holder
 
Joined: Sep 2006
Posts: 928
Likes: 2
Default

I love conjecture...it's amusing.
Reply
Old 07-29-2015 | 07:15 PM
  #212  
JustAMushroom's Avatar
Gets Weekends Off
 
Joined: Jan 2006
Posts: 611
Likes: 0
From: Capt
Default

Republic Says It Cannot Fly The Schedule It Promised Partners

Republic Airways says the ongoing labor dispute with its pilots is in large part why the airline is cutting part of its planned schedule for later this year and the first half of 2016. Republic told investors and employees it is discussing with partner airlines how to both temporarily and permanently reduce its commitments. The airline said the International Brotherhood of Teamsters, the union representing pilots, is increasingly making “unrealistic and unsustainable ...

Writing is on the walls. Has been for a while.
Reply
Old 07-29-2015 | 07:27 PM
  #213  
Selfmade92's Avatar
Gets Weekends Off
 
Joined: Nov 2010
Posts: 138
Likes: 0
From: CRJ
Default

unrealistic and unsustainable?

let it shrink until it's gone, if you can't pay at least twice what is currently being paid for pilots your business model is unsustainable...
Reply
Old 07-29-2015 | 07:35 PM
  #214  
iFlyRC's Avatar
Gets Weekends Off
 
Joined: Jan 2015
Posts: 1,198
Likes: 0
Default

If your going to wish yourself out of a job, well... You might as well walk away now
Reply
Old 07-30-2015 | 04:32 AM
  #215  
Banned
 
Joined: Feb 2014
Posts: 285
Likes: 0
Default

Originally Posted by JustAMushroom
Republic Says It Cannot Fly The Schedule It Promised Partners

Republic Airways says the ongoing labor dispute with its pilots is in large part why the airline is cutting part of its planned schedule for later this year and the first half of 2016. Republic told investors and employees it is discussing with partner airlines how to both temporarily and permanently reduce its commitments. The airline said the International Brotherhood of Teamsters, the union representing pilots, is increasingly making “unrealistic and unsustainable ...

Writing is on the walls. Has been for a while.
I love how Bedford went out and got all these airframes, contracts, moved to a larger house, lined his pockets, fired Managers because of bad employee surveys and now screws over the whole airline and investors because he is refusing to pay pilots what they are worth. The BOD should fire him for his incompetence.
I don't see other regionals having the problems BB is having. He has poisoned the water so bad at RAH, the corporate culture is ruined by greed.
Reply
Old 07-30-2015 | 05:13 AM
  #216  
Line Holder
 
Joined: Jul 2007
Posts: 987
Likes: 37
Default

Originally Posted by A320ULCC
I love how Bedford went out and got all these airframes, contracts, moved to a larger house, lined his pockets, fired Managers because of bad employee surveys and now screws over the whole airline and investors because he is refusing to pay pilots what they are worth. The BOD should fire him for his incompetence.
I don't see other regionals having the problems BB is having. He has poisoned the water so bad at RAH, the corporate culture is ruined by greed.
It goes beyond that. He is paying a huge sum of money to a third party to conduct surveys and help to "change the culture", but has given management no authority to actually follow any instructions from said company. He has hired seabury, again, to develop a business plan to keep rah around without paying his pilot group. Part of that plan, which will be implemented immediately is to park planes and decrease revenue. So he is paying multiple outside companies, parking planes, reducing revenue and profit, and he feels it is a good business plan. It all adds up to be FAR more expensive than a new contract. He has crossed over to gross negligence. His buddies on the board wont do a thing about it.
Reply
Old 07-30-2015 | 05:41 AM
  #217  
Buzzlightyear's Avatar
Gets Weekends Off
 
Joined: Mar 2014
Posts: 569
Likes: 0
Default

Originally Posted by thump
I'm not so sure about that. American has the largest exposure and would make more sense for to be our DIP.

DL has 66 planes (granted some are E145)
AA has 104 planes (all 170/175)
UA has 84 planes (all 170 and assuming Q400 fleet to zero)
If that ends up being the case Delta has invested $350 million in China Eastern to strengthen their China alliance and AA would spend around the same to strengthen their domestic regional feed. Late to the party again!
Reply
Old 07-30-2015 | 05:43 AM
  #218  
Line Holder
 
Joined: Oct 2013
Posts: 77
Likes: 0
Default

Originally Posted by flyguy23
..He has hired seabury, again, to develop a business plan to keep rah around without paying his pilot group. Part of that plan, which will be implemented immediately is to park planes and decrease revenue...
My bet is the Delta flying is at unprofitable rates, so they will go for a pre-packaged bankruptcy to shed those contracts, then emerge with just 170/175 flying. Might be a stronger company for it, or might not. Who knows.
Reply
Old 07-30-2015 | 06:06 AM
  #219  
Line Holder
 
Joined: Jul 2007
Posts: 987
Likes: 37
Default

Originally Posted by Beast
My bet is the Delta flying is at unprofitable rates, so they will go for a pre-packaged bankruptcy to shed those contracts, then emerge with just 170/175 flying. Might be a stronger company for it, or might not. Who knows.

Maybe, but the underlying problem is still there. He can extend the life of the company using such measures, but until he can attract pilots, rah is on borrowed time. I dont think bedford will do what it takes to save this place. Its amazing the board will let him sink the ship without so much as an argument.
Reply
Old 07-30-2015 | 06:40 AM
  #220  
BoilerUP's Avatar
Doing One Pilot's Job
 
Joined: Sep 2005
Posts: 7,889
Likes: 125
Default

Lots of talk of bankruptcy for a company that still generated a profit...
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
jungle
Money Talk
2
02-19-2009 07:50 PM
JoeyMeatballs
Regional
18
02-13-2009 04:48 AM
ToiletDuck
Money Talk
20
10-09-2008 11:16 PM
N2rotation
Major
33
09-11-2007 07:54 PM
Normy!
Hangar Talk
22
07-17-2007 04:00 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices