Ata Ta

[MDP727]

The concession package passed at 71.9%. 84% eligible voted.

 

[FlyChicaga]

It will be interesting to see what comes out of this in the next few weeks/months regarding 100 seat aircraft.

 

[rudderdog]

The concession package passed at 71.9%. 84% eligible voted.

The percentage of yes votes would have been higher as some "eligible" voters were not able to vote. These were pilots, probably 50 to 75 of us, just off probation that did not have their names registered with ALPA National for the electronic voting (a major flaw in the system). Most of these junior pilots would have voted yes. I'm sure I'll hear from the 1 to 3 that would have voted no. These votes could have made a big difference out of the 800 to 900 that did vote if it was a narrow margin.

 

[Newjetjockey]

What are the new rates? What other concessions were there?

 

[rudderdog]

What are the new rates? What other concessions were there?

Just off the top of my head...

2 year pay freeze on 73 and 75....see www.airlinepay.com

6 month freeze on retirement increases.

No per-deim for turns. $1.50 domestic. Intl as is. Back to normal in 2 years.

100 seat rates around 90 to 95 for a 2 to 3 year CA. 2 to 3 year FO around 45 to 50. Significant increases in 2 years.

Profit sharing .... good because it doesn't expire until all "give-backs" are paid back.

 

[On Your Six]

What's the implication for ATA? Does this mean it is "back on track"? Will this enable it to get the financing it needs for the 717s (Boeing)? Nobody likes a pay freeze, but is this a good sign for the ATA pilots?

 

[rudderdog]

According to management, as they sold us this package, the new agreement should enable us to get the required financing for the 717. We are back on track, however, I'm not sure which track we're on. Most (71% or so) pilots seem okay with the deal given the alternatives. This is another test in our trust in management. Hopefully it (they...mgt) will produce good things.

 

[PingPong]

I don't want to steal any attention away from ATA. This is obviously big news and for those that are happy with it Congrats and those who think it's ridiculous well I feel your pain also. But with this happening what happens to Chicago Express and there 34 seat airplanes? Are there any plans for them? (expand, route structure, disappear etc...)

 

[ATA737CAPT]

Just off the top of my head...

2 year pay freeze on 73 and 75....see www.airlinepay.com

6 month freeze on retirement increases.

No per-deim for turns. $1.50 domestic. Intl as is. Back to normal in 2 years.

100 seat rates around 90 to 95 for a 2 to 3 year CA. 2 to 3 year FO around 45 to 50. Significant increases in 2 years.

Profit sharing .... good because it doesn't expire until all "give-backs" are paid back.

The pay is not exactly frozen. we just gave up our CONTRACT SCALE raises. We will still get our longevity raises.

 

[On Your Six]

How should potential applicants view this? Is this going to improve ATA's outlook? Beyond the European plans, are there any other plans on the book in terms of new hub (maybe CLT or PIT)?

How soon COULD ATA start receiving its 717s? Any talk of 717 training yet?

 

[FlyChicaga]

I don't want to steal any attention away from ATA. This is obviously big news and for those that are happy with it Congrats and those who think it's ridiculous well I feel your pain also. But with this happening what happens to Chicago Express and there 34 seat airplanes? Are there any plans for them? (expand, route structure, disappear etc...)

Status quo for now. That's what everyone is saying anyways.

 

[rudderdog]

The pay is not exactly frozen. we just gave up our CONTRACT SCALE raises. We will still get our longevity raises.

Thanks for the correction.

On Your Six,
I believe the rates were actually negotiated as 100 - 110 seat rates. As of today, there is not a "deal" with Boeing that we know about. The company has stated in the past that they could use another type of aircraft, however, the 717 seems to be their choice with rumored deliveries as early as 6 months. Also, management has expressed their intention of opening a new "hub" or "focus city" with this new deal. As for what city......Well, I heard STL. Could have been a dream though.

 

[sayagain?]

Was told at one of the road shows that the new 100 seat a/c could be here as early as 6 months but more likely 9 months from when the deal is agreed upon.

The company has until 7/2005 to have a deal in place for a new a/c order or most of the LOA's are voided. I believe that the only LOA to continue would be the profit sharing.

sayagain?

Gotta love this business. 12 years in the business and three furloughs so far. Thought things were starting to look a little brighter when I got on at ATA. Now I feel like I'm at USAirways all over. Hope things change around or I'll just have to send the wife back to work.

 

[skid]

Ok so the news is that they have agreed to the new TA. This is to save the company $70 million over three years. I believe that this may help a little. What else is gonna happen to the company so it can actually turn a profit? I mean they lost a bunch in the 1st quarter alone, and expect a loss in the second. There has to be more happening here for the company to survive in todays market than just the pilots giving up money.

 

[ATA73Pilot]

During the informational road shows to explain the TA, it was advised that regardless of what changes are put into place now...

ATA will probably not turn a profit for at least the next 2-years.
- M. Eubanks (ALPA Financial)

Our little concessionary giveback is equivalent to rearranging the deck chairs on the Titanic.

The money we gave up allows for the company to maintain a better cash reserve than before but will not make it profitable. It buys the company some time.

Part of the analysis was that ATA would need to make a profit on the order of 65mil. to meet minimum requirments to be considered financially viable.

This company has not the resources, talent, or time (remember the bonds that will be due in 2008?)

Now you will see an order for the B717 (delivery of 1 per month) starting in the next 6-12 months.

If the 717 isn't used to replace the 737's (as I fear is the plan)...we will be hiring but at 1 airplane a month it won't be any great amount.

New-hires will have the privilege of flying the 717 here at B-scale payrates and different work rules from the rest of our fleet.

All the while, better financed and better advertised airlines will aggressively grab any market share that we may have liked to have.

Sorry...but I don't see much good coming down the pike longer term.

It will be more of the same here. We are just preparing for the concessionary aggreement of 2007 (just before the bond issues are due).

 

[Noam]

test1

 

[propjob27]

Unfortunately, ATA737Pilot is probably right.

Maybe I should have listened to him before I quit my last job and came to work here!?