Misery loves Comany: PCL to park 15 CRJs

[Lear70]

How about "Management gets their heads out of their collective a*ses."?

Seriously, you guys are smoking some serious weed if you don't think the company is going to furlough people.

First, it doesn't matter whether YOU or I believe we are understaffed (I agree with you), it matters what PT and the rest of the brain trust on Noncaring think, and they believe we are CURRENTLY OVERSTAFFED.

That's right, straight from the horse's mouth. Now take 15 aircraft out of the loop and you have a formula for a furlough. I'm not convinced it would be short-term either; we'll need people for the holiday season to cover those of us timing out but once we're back online in January, it will be "Situation Normal" again for their "staffing levels".

I don't agree with their philosophy, just urging you to remember what this company has done before in times like this. "Those who do not study history are bound to repeat it". (or something like that)

 

[Redmeat]

It all boils down to this if scope goes NWA wants a as$ load of 70-90 seaters only question is who gets them.

Main-line.

 

[Mesabi Miner]

Hey all,

Feel free to use the avatar. Let's show some unity and express our collective opinion of NWA.

MM

 

[Lear70]

Not likely Red Meat.

That's where we'd LIKE them to go, otherwise we get stuck here even LONGER than we had planned.

But NWA will be ditching scope in bankruptcy, you can count on it.

Once they do that, they'll put the 70-90 seaters wherever they d*mn well please, and I seriously doubt it will be at the higher cost-level mainline playing field, otherwise there'd be no reason to go after scope, now would there?

 

[Crizz]

And xjavro85 that is one avatar that I want for my flight case. Farkin' hilarious.

Yah, so now the PAYING passengers can join the pilots in hating the airline they are currently FLYING ON.

Good idea Mr Professional


ps, Good luck to all red tailers.

 

[mynameisjim]

Main-line.

Redmeat-

I was at a meeting with the CEO and straight from his mouth he said the goal is for mainline to fly 100 seat jets at regional wages, and all flying with less seats would be regional flying.

Of course he wouldn't have said that stuff to pilots if he wasn't trying to spread rumors.

 

[Rook]

Yah, so now the PAYING passengers can join the pilots in hating the airline they are currently FLYING ON.

Good idea Mr Professional


ps, Good luck to all red tailers.

To quote Sgt. Hulka..."Lighten up Francis." By the way, since when do you care what the pax are thinking about who their flying on? I sure as h@ll don't. If my a$$ in the left seat gets there with all the big parts still attached, then mission accomplished.

Gotta love internet tough guys

 

[Butters]

Yah, so now the PAYING passengers can join the pilots in hating the airline they are currently FLYING ON.

Good idea Mr Professional


ps, Good luck to all red tailers.

Dude - where have you been? Like the passengers don't hate NWA already???

I agree with Rook. Lighten up... and buckle up because it is going to be a bumpy ride.

 

[tradersltd]

Does anyone have the number for that truck driving school? Truck master I think it was? I think I am going to need that.

 

[Mesabi Miner]

I've just been wondering if I need to have the fourth stripe sown on my jacket. Based on the news, I think I'll postpone that chore a little longer.

Butters, good job on the refined avatar!

MM

 

[PILOT2674]

This really sucks, 4 lessons away from checkride and IOE. i hope nothing happens at least until the checkride, that way i can say i got something for the hard work in the last 2 months

 

[dondk]

Sadly... you will be the first to know.. they will come into Flight Safety or knock on your hotel room door for the books back.

In the "unlikely" event that does occur, try to get them to commit/promise to getting called back when the training mill starts back up.

Back in '01 when the furloughed, some peep's were given another chance to return, many though were not. It all depends on who asked and how you were progressing in training.

Once you pass your checkride, they still have to give you 30 days notice, before the checkride you are not protected.

 

[dondk]

the answer about the 15 CRJ's

Item 8.01 Other Events
Pinnacle Airlines Corp. ("Pinnacle") has received a request from its airline partner, Northwest Airlines, Inc. ("Northwest"), to remove 15 CRJ aircraft from service, effective October 31, 2005. Pinnacle expects its block hours and cycles in the fourth quarter of 2005 to be reduced by approximately 11% and 10%, respectively, compared to its original expected schedule operating a full complement of 139 CRJ aircraft. Pinnacle is making arrangements to place these aircraft in long-term storage.
Under the Airline Services Agreement between Pinnacle and Northwest (the "ASA"), Pinnacle receives variable revenue based on the number of block hours and cycles it produces, fixed revenue based on the number of aircraft in its fleet, and revenue to reimburse Pinnacle for certain expenses arranged by Northwest, such as aircraft rent and fuel. Under the ASA, Pinnacle expects the schedule reduction to impact only the variable components of its revenue; accordingly, Pinnacle expects fourth quarter 2005 revenue to be reduced by approximately 7% from the Company's previous expectations. Pinnacle has informed Northwest that it expects to continue receiving fixed based components of its revenue calculated on the basis of its full 139 aircraft fleet, in accordance with the terms of the ASA. However, should Northwest try to dispute the terms of the ASA and claim that it owes an even lower amount of revenue from the schedule reduction, the impact to Pinnacle's fourth quarter revenue could be substantially greater.
Management has already begun steps to reduce Pinnacle's costs to compensate for the 15 aircraft schedule reduction. Pinnacle will have excess staffing levels in all areas of its operations after the 15 aircraft are removed from service. Management expects to reduce staffing levels through a combination of regular attrition and voluntary employee leaves. It is possible that the Company will be forced to resort to involuntary furloughs, should the number of employees electing voluntary leaves be insufficient. Pinnacle is also reviewing other components of its cost structure to reduce its costs further.
As a result of the 15 aircraft schedule reduction, Pinnacle expects fourth quarter earnings to decline between 10% and 15% as compared to its previous projections based on operating a full complement of 139 aircraft. The earnings impact could be materially greater based upon the final outcome of discussions with Northwest regarding Pinnacle's revenue to be earned under the ASA, and based upon the Company's ability to eliminate costs associated with the reduced operations.
On September 15, 2005, First Tennessee Bank advanced Pinnacle $17 million under the Company's revolving credit facility. Based on the informal discussions that Pinnacle has had with Northwest, Pinnacle expects to receive pro-rated payments on September 30, 2005 and October 17, 2005 from Northwest for regional airline services performed subsequent to September 14, 2005. If Northwest makes the pro-rated payments as expected, Pinnacle believes its liquidity is adequate.

 

[Detroitpilot22]

ill go ahead and let everyone know if voluntary leaves were not enough, because I will be one of the first to know

 

[Detroitpilot22]

im sure they wont have excess levels of staffing in management