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In a work, yes. Research the Mesaba sham bankruptcy to see how the game is played. Funnel any profits and assets to holding company, drain the company that actually makes the money dry, at least on the books. Then cry poor to the "government" (i.e. a bankruptcy judge), who will authorize said company to rape employees blind, out of fiscal "necessity." Regardless of the fact that money is being made everywhere hand over fist, and any "shortages" are the direct result of collusion between multiple company managements.I heard an interesting argument: "What difference does it make? They'll (management) agree to the TA and then bankrupt us, forcing the pay lower. The Pinnacle guys screwed us."
Does this argument have merit? Can they do this with INC's 700+ million in the bank?
Edumicate me.
In a work, yes. Research the Mesaba sham bankruptcy to see how the game is played. Funnel any profits and assets to holding company, drain the company that actually makes the money dry, at least on the books. Then cry poor to the "government" (i.e. a bankruptcy judge), who will authorize said company to rape employees blind, out of fiscal "necessity." Regardless of the fact that money is being made everywhere hand over fist, and any "shortages" are the direct result of collusion between multiple company managements.
Not to turn this into a political thread, but the government was originally instituted to prevent individuals from plundering one another. Now through the bankruptcy process, the government is used as the main tool for enabling individuals to plunder one another. The bankruptcy process (at least Chapter 11) is an unjust perversion of the free market that needs to go away completely.
Will this happen at XJT? It might, but it also might not, depending on how JA wants to play the game. The ball that we all need to keep an eye on, though, is the fact that the hurdles to becoming an airline pilot have now become too great for someone who will only make regional FO wages, and so management is losing the ability to just shut down one regional and transfer the flying to someone else. We now have real leverage, and we are smarter than the Pinnacle pilots. We don't have to lose this one.
Skywest, inc was well run. JA has given up a lot of influence and the thee prez's are incompetent.
Any pilot who been at ASA for the last 4 years or more has already endured an inordinate amount of suffering and life degradation due to our current contract. Horrible work rules and low pay have damaged the pilot group and destroyed many individuals. Threatening the pilot group with a potential loss of future flying will not work as an incentive to an agreement for concessions. Many pilots already plan on leaving or really don't care. There is a lot of anger and resentment toward the company that has festered for the past 5 years. The senior pilot group will not agree to dual qualification if their vacation is paid at 50 seat rates and their monthly pay is reduced when flying the 50. I don't think any pilots would agree to an hourly pay reduction. On the XJT side, I can't imagine things are any different. SKYW INC. is a profitable company. Don't give up your hard earned compensation and hard fought work rule improvements. Ask for more. Ask for what is due to you. You are worth it.
And why are they profitable? I will give you a hint.... It is not because of Xjet.
And why are they profitable? I will give you a hint.... It is not because of Xjet.