RAH files for Chapter 11 bankruptcy
02-27-2016 | 10:17 AM
#301
Bracing for Fallacies
Joined: Jul 2007
Posts: 3,543
Likes: 0
From: In favor of good things, not in favor of bad things
We went through this same deal at Eagle during bankruptcy. Attrition is about to spike off the bottom of the list from all the people with nothing to lose. Recruiting ability is dead for the time being due to uncertainty. It's a snowball effect. People that were comfortable line holding FO's and Ca's start to slide backwards towards reserve because everyone junior below them is bailing out, then at the same time the fleet is shrinking due to shedding aircraft in BK.. stagnation and constantly losing people below you sets in, which makes moral drop and even more mid-junior people bail.. Attrition way up + no recruitment ability + losing aircraft = bad for career progression and upward movement!
This is why people are saying get out EARLY and don't waste your time stagnating or going backwards for years, we have lived it before. Absolutely nothing good is coming in the next couple years. It will be "at least" 3-4 years before the BK pain starts to subside for the employee's.
This is why people are saying get out EARLY and don't waste your time stagnating or going backwards for years, we have lived it before. Absolutely nothing good is coming in the next couple years. It will be "at least" 3-4 years before the BK pain starts to subside for the employee's.
02-27-2016 | 05:19 PM
#302
Banned
Joined: Oct 2014
Posts: 2,137
Likes: 0
What that means to me is that pilots at non-wholly owned airlines are going to get mopped up by the majors first (where else would they be going?), while pilots at the wholly owned airlines are going to be artificially stagnated to maintain staffing (why else would they be staying?).
Doesn't sound like anything worth being concerned about to me, as a pilot.
Doesn't sound like anything worth being concerned about to me, as a pilot.
02-27-2016 | 05:21 PM
#303
Banned
Joined: Oct 2014
Posts: 2,137
Likes: 0
02-27-2016 | 05:26 PM
#304
New Hire
Joined: Feb 2016
Posts: 4
Likes: 0
From: Embraer
If you are going to paycut down to 50,000 or less, just start over at an LCC. There is no difference. You are only a lifer at RAH assuming you are making 100,000 or more. Once that stops, there's no reason to stay, might as well take advantage of the boom and move on. Maybe you can't get on with a legacy but there will be plenty of opportunity at an LCC.
02-27-2016 | 07:02 PM
#305
Line Holder
Joined: May 2015
Posts: 82
Likes: 0
Also lead customer for the MRJ but that is delayed.
If you think SkyWest will fail before envoy or endeavor your crazy.. They have a niche and it's working for them..
02-27-2016 | 07:13 PM
#306
Gets Weekends Off
Joined: Sep 2013
Posts: 2,450
Likes: 0
Not saying that SkyWest would fail, but SkyWest makes money at the mercy of contracts with it's majors. I believe Envoy and Endeavor would be around before SkyWest in terms of flying for either American or Delta.
02-27-2016 | 07:55 PM
#307
Gets Weekends Off
Joined: Feb 2008
Posts: 3,142
Likes: 4
From: FIRE ALPA
We went through this same deal at Eagle during bankruptcy. Attrition is about to spike off the bottom of the list from all the people with nothing to lose. Recruiting ability is dead for the time being due to uncertainty. It's a snowball effect. People that were comfortable line holding FO's and Ca's start to slide backwards towards reserve because everyone junior below them is bailing out, then at the same time the fleet is shrinking due to shedding aircraft in BK.. stagnation and constantly losing people below you sets in, which makes moral drop and even more mid-junior people bail.. Downgrades and domicile displacements may or may not happen but (they did with the recent Eagle and Pinnacle BK FYI), which even further scares potential new hires away. Bottom line is when Attrition is way up + no recruitment ability + losing aircraft = bad for career progression and any upward movement!
This is why people are saying get out EARLY and don't waste your time stagnating or going backwards for years, we have lived it before. Absolutely nothing good is coming in the next couple years. It will be "at least" 3-4 years before the BK pain starts to subside for the employee's. Look at the history of every airline bankruptcy over the last 20 years and see what those pilots suffered through. It is a common theme with all of them. If it was a Legacy carrier final destination, obviously that is different, sure, there is justification for staying through the pain and waiting for things to turn around. It isn't though. It's just a crap regional and everyone else with better prospects is hiring.
This is why people are saying get out EARLY and don't waste your time stagnating or going backwards for years, we have lived it before. Absolutely nothing good is coming in the next couple years. It will be "at least" 3-4 years before the BK pain starts to subside for the employee's. Look at the history of every airline bankruptcy over the last 20 years and see what those pilots suffered through. It is a common theme with all of them. If it was a Legacy carrier final destination, obviously that is different, sure, there is justification for staying through the pain and waiting for things to turn around. It isn't though. It's just a crap regional and everyone else with better prospects is hiring.
02-28-2016 | 04:04 AM
#308
Gets Weekends Off
Joined: Aug 2007
Posts: 2,049
Likes: 0
From: I pilot
Don't all regionals make money at the "mercy of contracts" with their major partners?
02-28-2016 | 05:43 AM
#309
Gets Weekends Off
Joined: Sep 2013
Posts: 2,450
Likes: 0
Of course they do, but as the pilot shortage looms and the contract carriers battle for the remaining pilots what happens? Pilots pay will increase to attract the remaining pilots thus the contract carriers will ask for more money from their mainline partners. What's mainlines reaction once that cost is in line with them doing the flying themselves?
Everyone Wins in this situation!
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