ASA JP Morgan 401k Workshop Save the Date

[CTS]

The annual ASA JP Morgan 401k Workshop has been scheduled for Tuesday, February 5th and Saturday, February 9th; 10am - 3pm, complimentary lunch provided. Hilton Garden Inn Atlanta Airport North.

RSVP to Sterling Roach at [email protected] or 404-218-3647

Last year the workshop filled up very quickly. This year we can take 100 participants. You are welcome to bring a spouse, but please RSVP promptly.

http://www.wiserinvestor.com/asa_retirement_workshop_2013/

The workshop is specifically designed to cover the Legacy ASA JP Morgan 401k plan. Materials will be provided to help you determine how much you need to save for retirement, how to choose the best mutual funds, asset allocation and diversification, and many other critical retirement planning topics.

 

[3GRNDWN]

This event was great last year and very informative, thanks for offering this workshop again.

 

[CTS]

JP Morgan 401k Plan investment option changes for 2013.

http://www.wiserinvestor.com/2013-asa-jp-morgan-401k-changes/

 

[CTS]

Skywest Stock Downgraded

http://finance.yahoo.com/news/skywest-shares-fall-raymond-james-202103424.html

Is Skywest stock in your 401k plan? We do not recommend non management employees invest in the same company that sends them a paycheck. For several reasons:

1. Airlines have historically been bad investments.
2. If you are furloughed, the stock is probably tanking as well. Now your out of a job and your 401k is down more than necessary.

If you insist... put no more than 10% of your portfolio in the stock.

See you at the ASA retirement workshop!

 

[JumpersAway]

Don't forget to cover how to roll over your SkyWest Inc. 401k. That's going to be important when this place "Comairs" soon. I give it about a year and a half, just up to the Delta rate reset. Either we will be out of business, or this place will be so horrid, nobody will want to stay here with our "adjusted" compensation and scheduling section to compete with PNCL and GoJet.

 

[Freebrd]

nobody will want to stay here with our "adjusted" compensation and scheduling section to compete with PNCL and GoJet.

only if we vote for concessions right, and hopefully we don't

 

[Oakum_Boy]

Is there ever any good news here? Bedford isn't afraid to go out and get this flying but somehow at ASA it's going to be the pilots' fault.

Remember, it doesn't matter how we got here.

 

[JumpersAway]

only if we vote for concessions right, and hopefully we don't

It doesn't matter whether you vote for concessions or not, it's going to happen anyway. One way or the other.

If we don't vote on concessions, they will be forced on us by a mediator, or by a BK judge.

Also, if we don't vote on them, we will shrink as we continue to get left out in the cold due to our costs. DAL won't pay us enough to cover our costs per block hour, and the others won't give us business because we cost too much, compared to our "pier" airlines.

 

[Freebrd]

well that ought to make JennyLeigh do cartwheels if she can get her fat ass out of the basement

 

[pilotnbr1]

They could combine the two separate airlines (SKW/XJT)to help reduce costs.

 

[Oakum_Boy]

That would require dumping ALPA. Althought I'm not completely fond of the idea, at this point it's probably an inevitibility. (And I can move my sorry arse to California where I will be taxed into poverty.)

 

[Nevets]

That would require dumping ALPA. Althought I'm not completely fond of the idea, at this point it's probably an inevitibility. (And I can move my sorry arse to California where I will be taxed into poverty.)

No, it wouldn't require dumping ALPA. It would require JA changing his mind.

 

[777forever]

I converted over 50% of my 401k into Skywest stock when the the stock bottomed in the mid $6 range. I recently converted it all back to to an equity index fund when I heard hiring is being halted at XJT and SKYW. Now the stock has started dropping due to "missed opportunities".

 

[777forever]

That would require dumping ALPA. Althought I'm not completely fond of the idea, at this point it's probably an inevitibility. (And I can move my sorry arse to California where I will be taxed into poverty.)

Is that you Phil Mickelson?

 

[JumpersAway]

Our pilot group will self destruct with concessions, even if it passes under a contract. People are unhappy with the way things are with the current contract. In short, things aren't going to last long. I think we've got too many senior people here to vote for anything concessionary anyway.

I also will not vote for concessions- especially being that I'm on reserve. I feel that I am gone way too much for what little money I make as it is. This belief is only compounded by the fact that we have double up on everything that runs the airline. Until SkyWest Inc. consolidates ALL of their airlines with 1 scheduling dept, management team, clarical setup, etc., they can forget flexability on my part. I could can ALPA tomorrow and not care. Especially following the PCL T/A.

 

[Jon Rivoli]

We are certainly in for some challenges. Our Unical contracts start expiring at the end of this year too. Fee for departure is going away and a new business model is necessary. The MRJ's that are suppose to start arriving in 2017 coincides with a time table for winding down DCI flying and they don't fit under existing scope language.

Plan B is undoubtedly in the works. If your junior, it wouldn't be a bad idea to get on with a legacy. There are sure to be some bumps in the road ahead.