Best Regional(s) in a Bad Economy
12-30-2015 | 09:11 AM
#21
Line Holder
Joined: Sep 2014
Posts: 27
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SkyWest has never furloughed, has lots of money in the bank, and the seniority list is moving as fast as any other regional right now. They have more domiciles than most and pay comparable to other top regionals. They've also added contracts with Alaska, United and Delta within the last year.
It's still a regional, not without its own issues, but def one of the better ones. As someone else said, in this business, it's best to choose one where you can live in domicile as commuting, especially to a regional, kinda sucks.
Best of luck in your decision.
It's still a regional, not without its own issues, but def one of the better ones. As someone else said, in this business, it's best to choose one where you can live in domicile as commuting, especially to a regional, kinda sucks.
Best of luck in your decision.
12-30-2015 | 09:51 AM
#22
Gets Weekends Off
Joined: Mar 2014
Posts: 312
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From: A321 - 39E
Best Regional(s) in a Bad Economy
I'm a 135er exploring making the jump to the 121 world.
I've seen a lot of questions/answers about pay, reserve/upgrade times, bases, flow, QOL, etc. Great things are happening in the regional world (or else I wouldn't be looking). However, from all I can tell there is a given assumption that nothing bad will happen to the economy that would negatively affect regional employment in the near term.
That said, I've never seen this question asked/answered, so here goes....
IF you felt the risk was fairly high that the economy was going to take a hit in the near future and there was a risk of getting furloughed because of your low seniority, what regional would you go to? What regional is likely to best weather an economic downturn and recover from it the fastest?
Obviously, good pay, upgrade times, etc. means squat if one is sitting on furlough. Also, please understand I'm not trying to rain on anyone's good-times, I just want to take the worst-case scenario into consideration as I evaluate all the present job opportunities out there. Thanks.
I've seen a lot of questions/answers about pay, reserve/upgrade times, bases, flow, QOL, etc. Great things are happening in the regional world (or else I wouldn't be looking). However, from all I can tell there is a given assumption that nothing bad will happen to the economy that would negatively affect regional employment in the near term.
That said, I've never seen this question asked/answered, so here goes....
IF you felt the risk was fairly high that the economy was going to take a hit in the near future and there was a risk of getting furloughed because of your low seniority, what regional would you go to? What regional is likely to best weather an economic downturn and recover from it the fastest?
Obviously, good pay, upgrade times, etc. means squat if one is sitting on furlough. Also, please understand I'm not trying to rain on anyone's good-times, I just want to take the worst-case scenario into consideration as I evaluate all the present job opportunities out there. Thanks.
Don't take a way the punch bowl! P/E Ratios of 1:26 are the new normal it's time to buy, buy, buy! Stocks aren't overvalued by 17%, you're just 17% over-pessimistic!
In all seriousness, the impending economic downturn will cause a slowdown in hiring and airline growth, but I can't imagine furloughs are likely given the consistent rate of retirements. Doesn't mean you shouldn't make a calculated move but I think it'll be more disappointment than impending doom for our career stability/mobility when the economy corrects.
12-30-2015 | 11:01 AM
#23
Gets Weekends Off
Joined: Oct 2005
Posts: 1,186
Likes: 0
From: RJ Captain
Getting a job at a Legacy was nearly impossible from 2002-2010. If you had one there and were junior good chance you were laid off. The flip side to that were the regionals grew like crazy. I upgraded at the beginning of 2004 and haven't made less than $90K a year since then. Beat the unemployment line that many other pilots were in at the time, -or going back to the right seat of a RJ.
12-30-2015 | 08:29 PM
#25
Cactus Aviator
Joined: Nov 2005
Posts: 250
Likes: 0
From: Learning to fly with my left hand.
Getting a job at a Legacy was nearly impossible from 2002-2010. If you had one there and were junior good chance you were laid off. The flip side to that were the regionals grew like crazy. I upgraded at the beginning of 2004 and haven't made less than $90K a year since then. Beat the unemployment line that many other pilots were in at the time, -or going back to the right seat of a RJ.
01-07-2016 | 01:21 PM
#26
Thread Starter
Banned
Joined: Sep 2015
Posts: 85
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