Pretty sure new guys have no risk going into a job that pays around 45k first year in an industry where everyone is hiring. I think this place will be bought rather than ch.11 because of the incredibly undervalued stock price but either way worst that can happen is you move to another regional.

 

While it is a popular pastime on APC to speculate about the imminent demise of RAH, remember it is only that... speculation. The facts are not quite as grim.

The biggest issue RAH was facing during last year were FO retention. This led to the mass cancelations and reduction of flying. This problem has been largely mitigated with the new contract. At its worst, RAH was losing on average of 50 pilots a month, mostly FO's making lateral moves. Attrition has been seriously reduced, last months numbers showed a net loss of only three pilots, nearly all captains or FO's leaving for majors or LCC's.

Morale here has improved a lot under the new contract. With the new pay rates, premium pay for open time pick ups and over 87 hrs block, long call reserve and proactive pickup, min day and trip/duty rigs; people are significantly happier here than before. In no way is it a dream job, but it is much better. Being able to pay your bills and have something leftover is a good feeling.

As far as bankruptcy, again it's all forum speculation. Many on here point out the stock price as an indicator of failure. However, many at RAH think that the executives are using the price as leverage while re-negotiation the terms of their CPA's. It's all perspective.

While RAH isn't perfect, it is getting better. Use the facts in front of you, and make up your own mind.




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+1 At least not everyone thinks I'm crazy.

 

Bought by...?

 

AWAC. Heard it here first

 

Norwegian Air International

 

Simple. Loss seniority they could have had elsewhere and about $40K-$50K in loss wages, which is the difference between Republic's and Endeavor first 3 years of pay.

Facts are the first 3 years at RAH pay you $110,000-$120,000 while the first 3 years at Endeavor pay you $160,000+. Those hard the numbers to look at and if you think still being $50,000 below Endeavor's first 3 years of compensation is going to solve their staffing issue, you are mistaken.

RAH drastically raised the 1 year pay, but not really to the others. Endeavor drastically raised all of their longevity scales. That is why the overall compensation between Endeavor and the others still exists.

 

Anyone in the right business model that can afford to acquire Rah at around 55 million. A bargain if you ask me for the amount of assets RAH has. Skywest could easily do it and in turn corner the regional market or maybe a major who wants a wholly owned (United). Could easily be way off just an observation.

 

Endeavor has that pay because of a retention bonus that can easily be taken away and is taxed heavily. Not to mention that your qol will be crap compared to republic. You will most likely get a line right out of training at republic or only sit reserve a month or two. First and second year have been dramatically improved to livable wages. Captain rates are not bad and comparable to most regionals. Classes are full through March though I think it will take a year and a half to be back to staffing levels.

 

At the end of the day, I'm not going to cry myself to sleep over a month or two of lost seniority. If that's the biggest risk, then it doesn't sound too risky.