If they want to survive, they should raise labor costs by over half their annual revenue?

Yes, I second this motion!

Well considering half their revenue would still be higher margins than any other regional, and most majors...I think they would be just fine. Its not going to happen, mind you, but it's not crazy to ask for it.

The good news for RJET today is that their stock appear to have stabilized at $3.73. I guess some people still believe in the company.

Did expressjet take their concessions shortly after seabury?

Maybe, their market cap is pretty low now. At some point the price is reflecting their assets not earning potential.

What you are describing exist in trade unions. Equal work equal pay. Once off probation all FO's make the same and all Captains make the same. Now ask your self who wouldn't like that and who runs the local?

No, they were voted in 8/2008.

If it drops below $3, a gambling man would buy a thousand shares or so and wait for the inevitable rebound bounce.

A number of folks made a lot of money doing that with AMR stock pre-bankruptcy...

Currently down another 10% on top of the 55% loss yesterday.

That's down 85% YTD.

Brutal.

Pan Am, Braniff, and Eastern sealed their own fates through poor management, economies, and geopolitical issues. Contract flying wasn't one of those issues. Today's regional airlines and out of business legacy carriers have nothing in common except being out of business!

Maybe a better comparison would be to look at the history of stock values prior to a company filing for bankruptcy. American Airlines would be a good example

Republic better get a deal done and now!! Once all the FO's start bailing out they are Done.

So the airline files for bankruptcy. One of the big three or all three props them up to keep lift going. In court pilots have to choose between starting over or taking a crap deal to keep their jobs. They choose their jobs and all becomes right in the world of aviation.

I don't see a good way out for Republic. I don't see a mainline "partner" bailing them out, I don't see how bankruptcy helps with either the CPA or the labor, and I don't see how to turn it around under current conditions.

On the other hand, if another regional bought them out, whatever labor contract exists at the buyer is likely better than the contract at Republic, so it might be attractive to the labor groups. But since they're represented by a non-ALPA union, at least at the pilot level, I can see integration being a deal breaker for any buyer.

In my mind, I don't see a way out of this mess for Republic.

That would put the average pilot compensation at over $780,000.

Would you like to revise your question?

I'm going to take/save a screen shot of this because its going to play out to be 100% accurate. On all accounts.

Not right by any means. What's jacked up is what very little leverage the pilot group has in this situation due to the antiquated Railway Labor Act. All airlines that go the bankruptcy route use this to their full advantage. The only way to rebel is with your feet

I think it's partially correct... propped up yes, huge amount of their current flying moved to other carriers... mesa, xjet, eny, pdt, psa. They remain but much smaller

We should all congratulate the entire RAH pilot group for holding the line and living with a deplorable contract in an attempt to make life better for the entire pilot community. Stay the course RAH pilots! Better things are in front of all us if you do. It is your pain, but all of us will gain. We each owe the RAH pilot group a salute in the airport for not accepting that POS contract last year (unlike other pilot groups that shall go unmentioned).

If RAH goes under, is forced to sell/merge, or finally yield to an industry leading contract, the pain will have been worth it. Under any scenario the industry is better off for your sacrifice. You all are taking a political/social media beating from other RAH employee groups for not caving. We all need to support RAH pilots!!!

I would guess they would attack the scope. They have the same plane on two different certificates and cant properly utilize all the crews. But no filling BK wont magically put FO's in the right seat which is the gist of their problems. They could maybe pull money from the captain side and put it on the FO side and ask a judge to force it, if voted down.

So this waiter who was making $20,000/year, took a course in computer programming and after 3 months, got offered a starting salary of $1000,000.

http://mobile.nytimes.com/2015/07/29..._r=0&referrer=

Just in case anyone is looking to change careers.

Their gonna need more than a salute bud, is disturbing your so comfortable with what you don't know will happen to them.

One of the secrets to computer programming is knowing where to put the comma

Envoy thought our flying couldn't be replaced, we took a stand on that premise and got kicked hard in the balls. It wouldn't take long to piece meal out the RAH flying. There will be a lot of hungry regionals that have nothing but super old 50 seaters fighting over RAH's 175s to include all those new options for United. American could easily buy and place the 47 175's at Envoy or Compass, United could give these new options to Express Jet in order to get a new contract over their, and as for Delta, Skywest has a whole bunch of 200s that will be hitting the desert soon. Over the course of a 3 year period RAH could easily be shrunk down and then forced to close through chapter 7. After Lakes, Silver, Commut go out of business, RAH could easily follow. Anderson said last year that Delta was going to be taking 40% of its regional flying back and bring it in house through the 717. I expect United and American to eventually follow suit. This entire industry has hit an iceberg. Some carriers (like RAH) will be at the bow and go under first. Others will be at the stern griping the railing as they take their final breath. But in the end, whether it takes 5 years or 10 years, the regional industry will die, as it should, as the majors evolve back to what they use to be.

More important that you know where to put the period.

S-T-F-U! This isn't some stupid pee-wee football league. Salute in the airport? You have got to be freakin' kidding me.

Grow up.

Nobody gains anything anywhere in the Regional industry. Nobody "stands up" for anything either. The Regional economics don't work that way. This whole "holding the line" crap is what makes so many Regional pilots chase that white rabbit down a dark hole they should never have gone down.

Republic's problems are due to Bryan Bedford. Period. Even had Republic pilots voted in that contract last year they would still be in this same position. I bring up examples from airline history quite often because we have to learn from them. Pan-Am pilots voted in concession after concession and it still didn't save their airline. They were doomed after decades worth of mis-management, a bloated and over extended fleet, and a very poorly done buyout of National airlines.

See the parallels with Republic? There is nothing the Republic pilots could have done to save their airline. That responsibility lies solely at the feet of Bedford and his talking head cronies. Unfortunately in this country there is NO accountability for ruining businesses so Bedford will come out of this just fine. It will be the labor groups scrambling for higher ground as the tidal wave moves in.

There is nothing pretty about that. And it won't help any other Regional in any way, shape, or form. You need to take it down a couple of notches. You are way in over your head and have NO idea how airlines operate or how things like this work. If you did you wouldn't have made such a stupid and gleeful post "thanking" Republic pilots for "holding the line". I just threw up in my mouth.

God Bless.

Most rational, thought out post I've read in a long time regarding the regional industry

Question? Why on earth would Delta prop up republic to help provide lift for American and United or vice versa. Am I missing something?


Sent from my iPad using Tapatalk

Nope. Not missing a thing.

No you're not. I'm pretty sure they wouldn't. Unless it was like they did with Pinnacle and only kept the Delta lift. That's a lot more complicated than it was when they provided DIP financing for Pinnacle. Only the Colgan side, pre merger, had US Air lift and Continental lift.

Yeah, and look at all the cash I'm making not being an airline pilot and still have a kick ass job and sleep in my own bed every night. Blessing in disguise.

Stick it out, it'll be worth it. $100+k as a 3rd year at a "ULCC F/O", lol, with a lot of time off. (And way more money to be made at a legacy). If you've come this far, now sure as Sh*t isn't the time to quit

Thanks for the words of encouragement. Good to know there is light and you are enjoying life beyond the regionals.

I think he's being sarcastic. Just the avatar makes it hard to take anything seriously when he posts. It's good to have a laughing monkey comedian on here.

Why all the talk of shutdown? They are still making money....what don't I understand?

if the airline would go down, that wouldn't necessarily mean a crazy surplus of pilots, wouldn't a lot of planes get shuffled between other regionals which then have to staff them by hiring the laid off republic pilots?

or does republic own the planes themselves? but then delta etc could pick up those planes for cheap probably and send them to whatever regional?

or do i just not understand the industry at all? :D

Trajectory