RJET down by -50% today?
07-27-2015, 04:58 PM
#82
Roll’n Thunder
Joined APC: Oct 2009
Position: Pilot
Posts: 3,552
Originally Posted by 404yxl
Oh I don't know, something about Republic not be able to staff the flying and their stock crashing today. I guess you missed that part.
07-27-2015, 05:01 PM
#83
Banned
Joined APC: Mar 2014
Posts: 787
Guys, this is serious. I'm not one to normally predict that an airline will fail or that the "writing is on the wall" or any of that.
But this is legit. Anyone who knows anything about airline history and in particular the specifics of what happened to Pan-Am, Eastern, and Braniff will know that Republic is on borrowed time.
Assests don't mean much in a situation such as this one. Look for much of it to be sold off soon in a desperate attempt to raise some emergency cash. Then that money will vaporize within a quarter and more assests will be sold off. Soon enough Republic will simply close its doors. Just like that.
It happened to Pan Am. They sold of asset after asset throughout the 80s in an effort to rebound....mainly to United. Then came Delta, and all seemed well for about 2 months. Literally, 2 months is all it took for "the world to change" . Those were Delta's exact words.
Then one day Pan Am pilots were in their training center in the Sims like any normal day when the call came. Pack all your stuff and get the hell out. Pan Am is finished. Everybody literally had to jump out a side door into bushes to get out of the building because the front doors were already chained shut when hey got there.
Point is, read up and educate yourselves on airline history and how these things work. It would take a miracle for Republic to pull out of this. A miracle and possibly a merger. And a merger would be nasty. Read up on the precedent set in the 80s regarding "expectations" when it comes to seniority mergers.
I would advise Republic pilots to get out now while you still have a chance to accrue seniority elsewhere. If you are not at Republic, don't go.
But this is legit. Anyone who knows anything about airline history and in particular the specifics of what happened to Pan-Am, Eastern, and Braniff will know that Republic is on borrowed time.
Assests don't mean much in a situation such as this one. Look for much of it to be sold off soon in a desperate attempt to raise some emergency cash. Then that money will vaporize within a quarter and more assests will be sold off. Soon enough Republic will simply close its doors. Just like that.
It happened to Pan Am. They sold of asset after asset throughout the 80s in an effort to rebound....mainly to United. Then came Delta, and all seemed well for about 2 months. Literally, 2 months is all it took for "the world to change" . Those were Delta's exact words.
Then one day Pan Am pilots were in their training center in the Sims like any normal day when the call came. Pack all your stuff and get the hell out. Pan Am is finished. Everybody literally had to jump out a side door into bushes to get out of the building because the front doors were already chained shut when hey got there.
Point is, read up and educate yourselves on airline history and how these things work. It would take a miracle for Republic to pull out of this. A miracle and possibly a merger. And a merger would be nasty. Read up on the precedent set in the 80s regarding "expectations" when it comes to seniority mergers.
I would advise Republic pilots to get out now while you still have a chance to accrue seniority elsewhere. If you are not at Republic, don't go.
07-27-2015, 05:24 PM
#84
Pilot
Joined APC: May 2015
Posts: 149
Originally Posted by Skyvector
Guys, this is serious. I'm not one to normally predict that an airline will fail or that the "writing is on the wall" or any of that.
But this is legit. Anyone who knows anything about airline history and in particular the specifics of what happened to Pan-Am, Eastern, and Braniff will know that Republic is on borrowed time.
Assests don't mean much in a situation such as this one. Look for much of it to be sold off soon in a desperate attempt to raise some emergency cash. Then that money will vaporize within a quarter and more assests will be sold off. Soon enough Republic will simply close its doors. Just like that.
It happened to Pan Am. They sold of asset after asset throughout the 80s in an effort to rebound....mainly to United. Then came Delta, and all seemed well for about 2 months. Literally, 2 months is all it took for "the world to change" . Those were Delta's exact words.
Then one day Pan Am pilots were in their training center in the Sims like any normal day when the call came. Pack all your stuff and get the hell out. Pan Am is finished. Everybody literally had to jump out a side door into bushes to get out of the building because the front doors were already chained shut when hey got there.
Point is, read up and educate yourselves on airline history and how these things work. It would take a miracle for Republic to pull out of this. A miracle and possibly a merger. And a merger would be nasty. Read up on the precedent set in the 80s regarding "expectations" when it comes to seniority mergers.
I would advise Republic pilots to get out now while you still have a chance to accrue seniority elsewhere. If you are not at Republic, don't go.
But this is legit. Anyone who knows anything about airline history and in particular the specifics of what happened to Pan-Am, Eastern, and Braniff will know that Republic is on borrowed time.
Assests don't mean much in a situation such as this one. Look for much of it to be sold off soon in a desperate attempt to raise some emergency cash. Then that money will vaporize within a quarter and more assests will be sold off. Soon enough Republic will simply close its doors. Just like that.
It happened to Pan Am. They sold of asset after asset throughout the 80s in an effort to rebound....mainly to United. Then came Delta, and all seemed well for about 2 months. Literally, 2 months is all it took for "the world to change" . Those were Delta's exact words.
Then one day Pan Am pilots were in their training center in the Sims like any normal day when the call came. Pack all your stuff and get the hell out. Pan Am is finished. Everybody literally had to jump out a side door into bushes to get out of the building because the front doors were already chained shut when hey got there.
Point is, read up and educate yourselves on airline history and how these things work. It would take a miracle for Republic to pull out of this. A miracle and possibly a merger. And a merger would be nasty. Read up on the precedent set in the 80s regarding "expectations" when it comes to seniority mergers.
I would advise Republic pilots to get out now while you still have a chance to accrue seniority elsewhere. If you are not at Republic, don't go.
07-27-2015, 05:26 PM
#85
Banned
Joined APC: Mar 2014
Posts: 787
Originally Posted by LeadFoot
How would 2000+ pilots go elsewhere and find another job at another regional airline?
07-27-2015, 05:32 PM
#86
Pilot
Joined APC: May 2015
Posts: 149
Originally Posted by Skyvector
Everybody is hiring, including the LCCs. Was that a serious question? Better to leave now and accrue seniority than wait until it's too late and be junior to everyone else.
07-27-2015, 05:39 PM
#87
Gets Weekends Off
Joined APC: Sep 2013
Posts: 2,450
Originally Posted by LeadFoot
Yeah I wasn't sarcastic and definitely not mean about it, just genuinely asking how would the industry absorb that many qualified pilots in a relatively short amount of time. It's safe to say all of these pilots and other airline employees would like to get similar jobs to what they had at RAH. For pilots, if there are that many open seats amongst the majors and LCC's today and within the next couple of months, then this could work.
07-27-2015, 05:41 PM
#88
Gets Weekends Off
Joined APC: Jun 2015
Posts: 699
Originally Posted by LeadFoot
Yeah I wasn't sarcastic and definitely not mean about it, just genuinely asking how would the industry absorb that many qualified pilots in a relatively short amount of time. It's safe to say all of these pilots and other airline employees would like to get similar jobs to what they had at RAH. For pilots, if there are that many open seats amongst the majors and LCC's today and within the next couple of months, then this could work.
Unless there is a dramatic reduction in required lift, the flying that Republic is doing will go elsewhere. It does not necessarily mean more jobs for pilots, however.
It could be something like an Airbus covering the flights between two cities instead of 3 RJ's. In this case, there are less jobs at the regionals. Or, a 75 seat jet going twice a day instead of a 50 seat RJ going 3 times a day. Same lift, less pilot jobs.
07-27-2015, 05:42 PM
#89
Banned
Joined APC: Mar 2014
Posts: 787
Originally Posted by LeadFoot
Yeah I wasn't sarcastic and definitely not mean about it, just genuinely asking how would the industry absorb that many qualified pilots in a relatively short amount of time. It's safe to say all of these pilots and other airline employees would like to get similar jobs to what they had at RAH. For pilots, if there are that many open seats amongst the majors and LCC's today and within the next couple of months, then this could work.
Other Regionals will absorb those pilots like sponges. As in the past, I expect many to turn their backs on flying all together. Some will go to China and other countries. Those who keep flying here will by and large be woven into the Regional tapestry as junior pilots. The Captains may be able to find spots at the LCCs and some at the majors.
Either way I wouldn't wait for the first Warn letter. I wouldn't accept an interview offer at Republic and I wouldn't stay there another day longer than I had to.
If we could find some Pan Am pilots from the 80s they could provide great insight. Some had an opportunity to transfer to United when Pan Am sold their London right along with some 747s. More than a few Pan Am guys who could have gone decided to stay and hope for the best.
Bad choice.
07-27-2015, 05:42 PM
#90
Pilot
Joined APC: May 2015
Posts: 149
Originally Posted by daOldMan
It doesn't happen overnight. Some guys are out of work for months, if not longer.
Unless there is a dramatic reduction in required lift, the flying that Republic is doing will go elsewhere. It does not necessarily mean more jobs for pilots, however.
It could be something like an Airbus covering the flights between two cities instead of 3 RJ's. In this case, there are less jobs at the regionals. Or, a 75 seat jet going twice a day instead of a 50 seat RJ going 3 times a day. Same lift, less pilot jobs.
Unless there is a dramatic reduction in required lift, the flying that Republic is doing will go elsewhere. It does not necessarily mean more jobs for pilots, however.
It could be something like an Airbus covering the flights between two cities instead of 3 RJ's. In this case, there are less jobs at the regionals. Or, a 75 seat jet going twice a day instead of a 50 seat RJ going 3 times a day. Same lift, less pilot jobs.
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