The top brass "resigned" (fired) last week due to the lack of success in rebounding from 9/11. The investors no longer trusted them to be able to "close" any deals. The company had several opportunities to grow revenues over the past few months and the powers that be let it all slip away. The new management group talks a good game, but only time will tell if they have the guts to take the risks that need to be made to grow the company again. Time will also tell if the investors will put up the capital.
Instead, the have instituted pay freezes, have limited drop trips and vacations, and have been pondering lowering the guarantees of the pilots. Morale in the crew room is so bad that many pilots only go to the crew room to pick up the mail, and get the flight release, prefering to hang out in the terminal. The only thing that people talk about is how the place sucks and how they are leaving (going where?)
The place is so negative, that it will be virutally impossible for any gesture of good will from the management to help make things better. The only way that this place will go from negative to positive, is to turn the clock back to 9/10/01 when we were growing like crazy and our careers were on track.
On the positive side, we have a lot of attrition of guys making lateral moves, and I am sure that more guys will be coming back from furlough, if they haven't yet found another job. I have moved 10 senoirity numbers in the last 3 months. If you come back from furlough, you will fly. I flew almost 75 hours the last month I was on reserve.
throttlejockey