PinnaColaba expecting 2nd quarter loss due to pilots

[Flyer1015]

Pinnacle Airlines Corp. said today it expects to report a loss of 10 cents to 20 cents a share Thursday for the second quarter of 2011.

The company said its operating subsidiaries, Pinnacle, Mesaba and Colgan, incurred higher costs for pilot wages because of a new agreement with the Air Line Pilots Association and changes in crew scheduling to accommodate code-share partners.

It also blamed higher fuel expenses and more operating performance penalties, mainly because of the crew reallocation.

***********************************************

So a barely-industry-average contract puts us in the red? Really?

And those "operating performance penalties" because of "crew reallocation" would be the tons of displacement out of MEM and MSP, only to send a few people back there again in the next two vacancies.

 

[Raskal]

Bahahaha,

Considering how short multiple bases are they appear to be a bit premature in their whining. What's more expensive, cancelling or staffing? We are certainly in the process of finding out.

 

[i fly boxes]

This just goes to show you that you can polish a turd, but in the end its still a turd. This new CEO got practice pulling frontier out of bankruptcy, with our company destroying average contract maybe he will get to do the same thing with us!!!!

The way this press release should have read is this:
Pinnacle will report a loss this quarter becuase we dont hire enough or upgrade enough
Our mainline partners penalized us becuase we dont hire enough or upgrade enough
We have to pay out 200% open time every month because we dont hire enough or upgrade enough
We cancel flights because we dont hire enough or upgrade enough
In other words this was will be and will always be our fault, we just choose to blame it on our employess and fuel which our mainline partners mostly pay for anyways.
Any questions?

 

[Metro752]

Flight/Rest/Duty time rules soon.

They'll wish they had paid more soon enough.

Screw em.

 

[jynxyjericho]

So when they file in a few months remember boys and girls, "Full pay to the last day."

If we have to take concessions it'll have to be a bankruptcy judge that steals it from us.

 

[DoinTime]

If we have to take concessions it'll have to be a bankruptcy judge that steals it from us.

Kinda like last time?

 

[jynxyjericho]

Kinda like last time?

True or false, the resultant contract was still worth more than the Pinnacle one?

Oh, true.

 

[bri5150]

Kinda like last time?

Yes, like last time. We had a ruling from the judge that said the company could impose what they wanted (after a long fight in the courts which we intially won). So, we had two choices: super crappy imposed contract or our negotiated deal that wasn't as crappy but still less than our current book at the time. What would you have done?

 

[jynxyjericho]

Yes, like last time. We had a ruling from the judge that said the company could impose what they wanted (after a long fight in the courts which we intially won). So, we had two choices: super crappy imposed contract or our negotiated deal that wasn't as crappy but still less than our current book at the time. What would you have done?

Hehe. This is the internet, no facts Bri.

 

[Sherpa]

This just goes to show you that you can polish a turd, but in the end its still a turd. This new CEO got practice pulling frontier out of bankruptcy, with our company destroying average contract maybe he will get to do the same thing with us!!!!

The way this press release should have read is this:
Pinnacle will report a loss this quarter becuase we dont hire enough or upgrade enough
Our mainline partners penalized us becuase we dont hire enough or upgrade enough
We have to pay out 200% open time every month because we dont hire enough or upgrade enough
We cancel flights because we dont hire enough or upgrade enough
In other words this was will be and will always be our fault, we just choose to blame it on our employess and fuel which our mainline partners mostly pay for anyways.
Any questions?

In the Navy they taught us that you can't polish a turd, it's sh*ty to even try.

 

[DoinTime]

Yes, like last time. We had a ruling from the judge that said the company could impose what they wanted (after a long fight in the courts which we intially won). So, we had two choices: super crappy imposed contract or our negotiated deal that wasn't as crappy but still less than our current book at the time. What would you have done?

Nobody (except jyncy) disputes that an agreed to settlement was the best thing for Mesaba or any other group in bankruptcy. There is no doubt that the Mesaba pilot contract came out better through negotiation than it would have been under imposed terms. I was trying to illustrate that foolish chest beating by guys like jyncy is very immature and shows an overall lack of understanding of how pretty much anything in this world works. The last person in the world you want deciding the terms of your pilot contract is a bankruptcy judge.

If we have to take concessions it'll have to be a bankruptcy judge that steals it from us.

= Bull Sh*t!!

 

[bri5150]

Nobody (except jyncy) disputes that an agreed to settlement was the best thing for Mesaba or any other group in bankruptcy. There is no doubt that the Mesaba pilot contract came out better through negotiation than it would have been under imposed terms. I was trying to illustrate that foolish chest beating by guys like jyncy is very immature and shows an overall lack of understanding of how pretty much anything in this world works. The last person in the world you want deciding the terms of your pilot contract is a bankruptcy judge.




= Bull Sh*t!!

Maybe you need people like Jyncy to "rally the troops" in order to solidify the pilot group to get ready for another "battle" with management?

 

[higney85]

:uzi:

Hold on.... Let me get my ammo box.

Chest thumping may continue in the interim.

 

[jynxyjericho]

Maybe you need people like Jyncy to "rally the troops" in order to solidify the pilot group to get ready for another "battle" with management?

Hehe, it was lost on him the moment I said it. Don't worry about it, there is no rally to be had at least as far as "Doing Time" is concerned.

Tough to make a battle cry on the internet anyway, *shrug*, hope we can at least pretend to be tough if the time comes.

-jyncy

 

[jynxyjericho]

:uzi:

Hold on.... Let me get my ammo box.

Chest thumping may continue in the interim.

Lol, you're right Higney. Everyone it's time to picket! Why? Who knows.

 

[Indy319FA]

Hard to blame this on Menke when he walked into this mess created by previous management. We weren't even staffed appropriately for the old contract, let alone the new one. We were paying 200 percent for months before the new contract kicked in. All the new contract did was take a bad situation and make it worse. No surprises that the old CFO left either, and Menke has brought his own guy in. I think you will see more management changes before all this is said and done. This won't get fixed until we get to minimum staffing required for the new contract, which won't be until mid winter, at best.

 

[higney85]

Am I supposed to feel bad for working 200% like a.... well....

 

[Indy319FA]

Am I supposed to feel bad for working 200% like a.... well....

No but I think they have to give a reason for the loss to investors. If not for the employees at Pinnacle working together (particularly the pilots) this could have been much worse. It looks like the worst is behind us, but it will still take a few months before things get anywhere near normal...

 

[altimaklr]

The only thing we have going for us is everyone else is in the same boat or worse. Republic is losing the house on frontier, comair and eagle are money pits, TSA had to be paid to get rid of compass, Skywest has their hands full with xjet/asa ... The idea that regional airlines can sustain a profit over the long-term with the position they are in with mainline partners is deeply in question.

 

[727RedTails]

Just imagine if they had to pay market rates for fuel. The death of the CRJ is coming...