Republic Questions
02-11-2014 | 04:45 PM
#1231
Gets Weekends Off
Joined: Sep 2011
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FYI - another media outlet that picked up this story:
Republic Airways expects to park some airplanes because of pilot shortage | Dallas Morning News
My comment on the article, posted to their site:
Republic is a victim of their own very low pay scale, very poor work rules, and unwillingness to put in place an agreement with pilots that has acceptable pay and work rules. This despite YEARS having elapsed since the end of the last agreement, a vote by pilots to strike if the labor laws allowed it, and multiple years to address the looming "pilot shortage" coming due to "new FAA Regulations".
For those that do not know, these regulations are the result of congressional action that primarily stems from a regional airplane crash in Buffalo, and the belief that the rules lead to greater experience, thus safety, in the cockpit. Whether that is true or not is debatable. What is not debatable is that Republic has not done the tried and true American method to get more and better labor - improve work conditions and INCREASE PAY RATES.
Republic Airways expects to park some airplanes because of pilot shortage | Dallas Morning News
My comment on the article, posted to their site:
Republic is a victim of their own very low pay scale, very poor work rules, and unwillingness to put in place an agreement with pilots that has acceptable pay and work rules. This despite YEARS having elapsed since the end of the last agreement, a vote by pilots to strike if the labor laws allowed it, and multiple years to address the looming "pilot shortage" coming due to "new FAA Regulations".
For those that do not know, these regulations are the result of congressional action that primarily stems from a regional airplane crash in Buffalo, and the belief that the rules lead to greater experience, thus safety, in the cockpit. Whether that is true or not is debatable. What is not debatable is that Republic has not done the tried and true American method to get more and better labor - improve work conditions and INCREASE PAY RATES.
02-11-2014 | 04:54 PM
#1232
Gets Weekends Off
Joined: Sep 2011
Posts: 100
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I wouldn't say he's clueless....
Insider Selling: Republic Airways Holdings CEO Sells 5,000 Shares of Stock (RJET) | WKRB News
Coincidence with the CHQ announcement?.........hmm
Insider Selling: Republic Airways Holdings CEO Sells 5,000 Shares of Stock (RJET) | WKRB News
Coincidence with the CHQ announcement?.........hmm
Given the size of his holdings, and his day job, what I do not understand is why He is so oblivious to the way to minimize or eliminate this "problem" - pay the pilots and create work rules commensurate with the professional responsibility of their positions.
02-11-2014 | 05:32 PM
#1233
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Joined: Jul 2013
Posts: 212
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From: NBCNEWB
He's not, nor are the other CEO's oblivious to it; he and others have just taken advantage of the supply/demand curve the last 10 years especially, if not the entirety of the industry since deregulation. But now the scales are tipping in the other direction; these guys will have no choice BUT to increase pay/benefits/QOL. They will simply fold and close up shop otherwise...but of course, he's kicking and screaming until the VERY LAST moment before he has to capitulate.
02-12-2014 | 12:18 AM
#1234
Gets Weekends Off
Joined: Sep 2013
Posts: 869
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Maybe you are being sarcastic or humorous, not sure, but FYI - highly unlikely there is any connection between these two - as insider trading is below even the Rev., and more often than not, these type of transactions (sales by top level insider executives) are scheduled in advance, and can only be done during a "quiet period". Even if this had anything to do with the announcement, the sale only accounts for 1.26% of his holdings RJET after the sale.
Given the size of his holdings, and his day job, what I do not understand is why He is so oblivious to the way to minimize or eliminate this "problem" - pay the pilots and create work rules commensurate with the professional responsibility of their positions.
Given the size of his holdings, and his day job, what I do not understand is why He is so oblivious to the way to minimize or eliminate this "problem" - pay the pilots and create work rules commensurate with the professional responsibility of their positions.
No i was being serious. I know it's only a small portion of his holdings, but that is one he** of a coincidence he sells stock 4 days before an announcement that makes the stock take a big hit
02-12-2014 | 03:30 AM
#1235
Gets Weekends Off
Joined: Jul 2008
Posts: 5,585
Likes: 328
He's not, nor are the other CEO's oblivious to it; he and others have just taken advantage of the supply/demand curve the last 10 years especially, if not the entirety of the industry since deregulation. But now the scales are tipping in the other direction; these guys will have no choice BUT to increase pay/benefits/QOL. They will simply fold and close up shop otherwise...but of course, he's kicking and screaming until the VERY LAST moment before he has to capitulate.
02-12-2014 | 03:44 AM
#1236
Line Holder
Joined: Sep 2006
Posts: 928
Likes: 2
I disagree. If we actually stood up for ourselves, then this would probably be true. Thanks to our seniority system, all it takes is the threat of shrinking to get a concessionary contract passed to airlines not even in section 6 negotiations. We are our own worst enemies. We make the short term gains decision with no regard to the impacts it will cause to the profession long term what-so-ever.
02-12-2014 | 10:21 AM
#1237
Gets Weekends Off
Joined: Sep 2009
Posts: 190
Likes: 0
02-12-2014 | 10:41 AM
#1238
Bracing for Fallacies
Joined: Jul 2007
Posts: 3,543
Likes: 0
From: In favor of good things, not in favor of bad things
I wouldn't say he's clueless....
Insider Selling: Republic Airways Holdings CEO Sells 5,000 Shares of Stock (RJET) | WKRB News
Coincidence with the CHQ announcement?.........hmm
Insider Selling: Republic Airways Holdings CEO Sells 5,000 Shares of Stock (RJET) | WKRB News
Coincidence with the CHQ announcement?.........hmm
02-12-2014 | 11:47 AM
#1240
Gets Weekends Off
Joined: Sep 2008
Posts: 1,075
Likes: 0
There is a delegation of snakes at the door. They wish to have a word with you regarding your choice of metaphor. They do not look happy.
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