CapnVegetto
The Prince of all Saiyans
- Joined
- Mar 24, 2005
- Posts
- 1,981
No I don't work at CAL. I live in Houston and my best friend works there along with about 5 other people I know, and they all tell me the same thing. My best friend has been spending a bunch of time at the corporate offices lately and hears things. I've known him many years, he lives next door to me in Houston, and is the primary guy that is going to be trying to get me on.
I believe him. Just by pure logic, all the gloom and doom, to me, is bull$hit. I'll bet you any amount of money that CAL is going to turn a nice profit this summer if oil stays where it is. Profit=no more excuses, which is all they've got for furloughing 150 guys. I mean, just use plain simple logic. Do you really think that furloughing 150 of the lowest paid pilots in the company is actually going to HELP? REALLY? In the big scheme of things? I mean let's be REALLY generous and say each of those guys is worth $50K a year including benefits. Do the math, that's a savings of $7.5 million bucks if they are gone for an entire year. Do you really think that a $7.5 million dollar savings over an entire year is going to make a dent in their balance sheet? That's 1.875 million a quarter. What are the operating revenues of the company? Is that $7.5 million dollars going to cover all the retraining costs, relocating costs, and extra overtime being paid to cover the flying by these furloughed guys, not to mention the costs of getting the guys current again? NO WAY!!
I've said repeatedly that this is what I've cosistently heard from the many people I know that work there, and it just makes sense. I expect everyone back by this fall and possible hiring by the end of the year. On top of that, once the age 65 rule catches up and the retirements start, CAL will be hiring like holy hell. That's still a couple to 3 years away, but anyone that gets hired before that will be standing in tall cotton watching their seniority go up fast.
CAL will be the place to be in a few years, I honestly believe that. That's why I'm crossing my fingers and hoping for the best.
I believe him. Just by pure logic, all the gloom and doom, to me, is bull$hit. I'll bet you any amount of money that CAL is going to turn a nice profit this summer if oil stays where it is. Profit=no more excuses, which is all they've got for furloughing 150 guys. I mean, just use plain simple logic. Do you really think that furloughing 150 of the lowest paid pilots in the company is actually going to HELP? REALLY? In the big scheme of things? I mean let's be REALLY generous and say each of those guys is worth $50K a year including benefits. Do the math, that's a savings of $7.5 million bucks if they are gone for an entire year. Do you really think that a $7.5 million dollar savings over an entire year is going to make a dent in their balance sheet? That's 1.875 million a quarter. What are the operating revenues of the company? Is that $7.5 million dollars going to cover all the retraining costs, relocating costs, and extra overtime being paid to cover the flying by these furloughed guys, not to mention the costs of getting the guys current again? NO WAY!!
I've said repeatedly that this is what I've cosistently heard from the many people I know that work there, and it just makes sense. I expect everyone back by this fall and possible hiring by the end of the year. On top of that, once the age 65 rule catches up and the retirements start, CAL will be hiring like holy hell. That's still a couple to 3 years away, but anyone that gets hired before that will be standing in tall cotton watching their seniority go up fast.
CAL will be the place to be in a few years, I honestly believe that. That's why I'm crossing my fingers and hoping for the best.