We didn't instantaneously cancel the "order." (They weren't new planes.) We had decided on 7, then 5, then 2, now just one 757 to add this year (N512AT, which is on property, but not online yet.)
A memo came out today from the system Chief Pilot. The base bid was canceled, saying our operational needs didn't allow for a new base bid. We will be getting 2 spankin' new 737-800's, and of course N512AT, the one 757, in 2004. So this is why classes/interviews have been halted.
No official word on hiring as yet. But, without adding those extra 757's, it has to slow of course.
We are in talks for 767 pay scales, as required in our contract. However, the company says while they are looking at 767 to replace the aging 5 or 6 remaining L-1011's, they haven't actually looked at specific planes yet.
(The L-1011's are due for D checks soon, and that means curtains for them- we will replace them instead.) So, the 767 has nothing to do with growth or expansion, per se.
I don't think this means any kind of bad financial turn. I think the company looked at our small growth we intentionally planned this year, against the cost of adding the 757's (converting them to our specs, ETOPS, all that is long and costly). IMHO, it may not have been worth the cost of adding them for the growth planned. We are "cheap ba$tards" as they said in my indoc class, and always reworking the numbers.