SkyBoy1981
Bring a towel!
- Joined
- Jul 17, 2004
- Posts
- 1,482
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GogglesPisano said:Loads are up (above 90% on the Busses to the West Coast.) Not as high on the RJ's. Attrition is supposedly 1 pilot/day. Lots of sick calls due to interviewing/job fairs and this is causing cancellations (it doesn't help that they over-furloughed to begin with.) We have approx 800 pilots on the list (peak of 1650 pre-911)
Rumor has it that we failed to meet whatever financial targets GECAS set out when we refinanced back in Feb and they may take the 8 CRJs that are in the balance (I think 'may' = 'very likely') bringing us down to 50 CRJ's. No new A319's above the 12 until Jan '06. Due to attrition, even if the 8 CRJ's go the company feels that it may not need to furlough more. As a matter of fact, some voluntary furloughees are being asked to come back.
They will reverse -split the stock to get it above $1.00 and thus stave off a NASDAQ delisting.
Bottom line: A gutsy experiment poorly executed resulting in a mass exodus of pilots (and a decimation of shareholder value.) Loads are up but yield is what makes or breaks any airline, and in this fare environment and with oil being what it is ... I see things really start to happen quickly after Labor Day (and I don't mean good things.)
GogglesPisano said:Mickey:
I suggest therapy.
GogglesPisano said:Mickey:
The difference between us is that I don't relish in what's happening at FlyI and I hold my colleagues there in the utmost esteem. You seem to have some sort of twisted delight in FlyI's fate.
Do a search of your own posts over the past year or so.
I suggest therapy.