Managements 3.75 Million bonus
 

How is there not much of an uproar within our pilot group over Managements bonus issued last Friday 3 days before the furlough announcement? It shocks me of how many pilots weren’t aware of this announcement or nothing being addressed by ALPA. Why so quiet? What did our Management do to reward themselves with this? Did we stop the hemorrhaging of money, did they right the ship in the correct direction, what did they do to deserve this compensation? Anybody else know any more about because I can’t figure this out. I think ALPA should make a public statement on how 270 of our fellow pilots are losing their job yet Management seems to believe everything is going great to take this bonus or maybe this is just GREED.

Why didn’t you stay at a regional? Or instructing? Was it greed? How else do you expect to keep anyone around who has any chance of saving this place?

BENDO ALERT

Tell me you're in your 20's without telling me you're in your 20's

Don't forget the 750k in stocks. So it's really 4.5 million each.....

But they chopped 270 pilots making over 140k pr year so that's 37+ millions in saving pr year.

This is corporate Americas playbook 1o1. Lay off people to save money. They don't care about you, never have. "Family"....yeah right....

DEFINELTY should have stayed at the reginal with a flow to a real airline....

Let this be a lesson to anyone who wants concessions. Or sub par contracts.

the "new" contract literally bankrupted this company. guess no job is better than ****ty rates....

youre joking right?

Why would I be joking? Go look at the compensation part of the earnings report. Literally destroyed the company.

I guess the part about management compensation doesn't bankrupt the company... Especially when the company is clearly in financial trouble, yet they still pay their mgt. well.

Funny how no matter what they seem to still get theirs.....

The pilot contract didn’t bankrupt spirit

The management compensation is literally a **** in the ocean

Not the first ch11. The next ch11 will be, in large part, due to the pilot contract

you know skilled labor doesn’t work for free right?

ummm, the company came to us for the last contract. Their idea, not ours

This is nothing new last September, the effective Furlough date the C suite all got pay rises.

if you want delta rates, go to ****ing delta

No it won’t

the company was in a position where no pilots wanted to come here due to an abysmal first year pay. unable to attract anyone, even those requiring sponsors. they needed to increase first year pay and the only way of doing that was signing a new contract. the hits literally came rolling in right after the contract was signed starting with the p&w groundings, and it got painfully obvious that all these new hires wasn't required, combined with no attrition, ending in 3 rounds of furloughs and downgrades. looking back now I'm pretty sure bendo regrets signing it... the company singed a contract they could not afford.

the CBA will be the first victim when they file a real ch11

wtf… fornano said the day after the contract was signed, “ thank you for a cost neutral contract “. This gotta be a troll

Salaries 2023: 1,616,803
Salaries 2022: 1,251,225

Only a cool 365.5 million dollars difference....

If it was the rates, management would not have signed. They were confident they could make money with those rates. The problem is, management is inept, so instead of making a profit they furlough&fire, and then give themselves millions, because they "saved" money. It is their inability to run a profitable company that is the problem. Did you read up on "plan B', the transition they are thinking will save NK? NK will go from getting 1% of the $200-$400 per segment market to getting 20%, by changing..... nothing much. No lounge, no getting the gate agents and ground crews back on the property, no good food, no connections with other carriers. The total lack of any "management" with a vision is what is killing NK. And even the day to day running is a total disaster. I spend 12 years writing emails to fuelburn@nk and nothing got better. Don't get me wrong, I really enjoyed my job, the people I flew with, but I always saw the gaping holes management made as opposed to fixed. You sound like you blame the pilots for the failure of management. Like you say, Delta can pay more than NK. Maybe question why, and remember NK management gets the same as Delta management....

They signed because they needed to for recruitment reasons ONLY. If not, we would've been in frontiers situation right now with management stalling a new contract.

The furloughs saves the company about 38.7 million, not counting the downgrades. And they issued themselves approx 10% each of that in bonuses. Classy, that's how corporate america works.

With our customer group literally bankrupted by bidens inflation I don't know how the company will ever make money again. The brand is so tainted the only thing that might work is a total rebranding, but no money for that

Management compensation the same at delta? Lol? Delta ceo $27M, Delta cfo $8M.

Yeah. No. NK (and F9) outsourced everything to the cheapest bidder. We were always waiting for ground crews and jetway drivers. Air was never connected so we left the APU running 24/7. Customer service was horrible. But it was fine , because in Baldanza's own words:"We will never run out of passengers to p!$$ off"". And then the legacies started competing with basic economy and we had zero to offer, so we had to reduce the price and lost money on every passenger. That is what happened. But go ahead, blame Biden.
Both CEOs have basepay of less than a million. Ed made more because he ran a bigger company beter. Giving a bonus for"saving money " by shrinking should not be ok in a growth driven country.

If youre worried the pilot contract will bankrupt the company I guess you can always donate your pay back to the C suite.

This guy's posts all but guarantee the company is coming for your contract. They always plant a few people aroung to start to soften the will.
dont listen to them. No pilot contract has ever bankrupted an airline in history.

I was ok because the economy was good enough that the poors still had disposable cash. Not anymore....

I mean.... I could just leave?

The “poors” fly on the legacy’s now with their basic economy product and actual customer service.

Our job is to fly safe and efficient. Their job is to make money for the share holders. If we do something wrong, there's consequences. Would be nice if they felt consequences from running the company into the ground. Not even talking prison, but no bonuses in any year that the stock goes down more, less profit or no growth compared to equivalent companies would be a nice start. The whole "that is just the way corporate America works" is sickening.

Agreed, and as always the workers (us) pay the price. I don’t think that will ever change.

who has customer service? Maybe United but the others are not far from us.

even SWA is falling.

Sure some of them do, but a lot of them stopped traveling because they can't afford it.

Just look at Miami Beach for example. Four years ago it was largely one big cloud of marijuana smoke. Today is a much different scene.

Jesus lol

filler

Well I just retired so you can expect the RVR to drop again.

Inbound course 420

frontier just posted Q2 ($70M) loss and stock is down -16%. bets on davis being north or south of minus $300M?

I’d put money on $220m loss

Please don't come to a legacy with that level of (mis)understanding!

Yowza