Quote:
Originally Posted by Farmlover
We aren't closing the doors. This is just the first step in making this a great place to work. I had lost faith but my faith is beginning to turn around. I am thankful for this money and it will most certainly help me out. It might be a little late but at least it's coming.
If they wanted to make Endeavor a great place to work they would offer contractual gains, for example, offer the JCBA back. They would also have to have a fleet plant that has growth to attract newhire pilots to come to Endeavor. Lets face it, a shrinking fleet with no new planes is not a recipe for success that any regional newhire would want when you consider that many others like PSA/Compass/TSA are getting lots of planes and have movement.
What's unique about this payment is that it is indifferent for longevity or seat. Anyone who stays until [insert date] is given a fixed amount of money. This isn't something to make the company a great place to work, this is an equivalent to a stop-loss program to mitigate attrition while the fleet is parked. You have to see it for what it is. Based on the dates listed, it's very likely the entire -200 fleet is parked by the first payout date (Sept '15). Then the next two dates are a stop-loss as the -900s are transferred elsewhere and unfortunately looks likely that Endeavor shuts down by 2016.
Follow this an example. Say you are working at 9E as a 7 year FO. Today they announce that the last Endeavor flight is Sept 29, 2015. All the -200s will be parked in Arizona and the -900s are distributed to TSA, PSA, Compass, and Skywest. By 09/2015, you won't have a job. Now if that is announced today, are you really going to stick around until then? Of course not. Nearly all FOs will bail to the first job offer available, and many will choose to go to PSA and TSA for the quick upgrade. But from 9E's perspective, that's a worse case scenario because now they have jets and a flight schedule for 10 more months that simply cannot be manned. The way to staff all the way to shutdown is to offer severance and bonus payouts as a method of enticing pilots to stick until the end. Comair did this and flew their schedule until Sept 29, 2012. You have to see it for what it is. I don't think Endeavor will be fully shut down by Sept '15 but based on the 2-year bonus program, the first payment of 09/30/2015 sounds like it will coincide with the parking of the entire -200 fleet, the last of which will leave by 09/29/2015.
I don't wish ill on any airline. Pilots are human and we all have wives/kids to take care of and provide for. A shut down hurts everyone. Hopefully 2015 turns out to be a great year for hiring at every legacy and LCC carrier. Oil is down, so going into 1st quarter looks good.