Sh!tfinger just does not get it
These are from two different post that pilots made on the Union message board but they paint and another clear picture of the incompetent management of Sh!finger.
Another example of MS not having a financial clue! I find it interesting that he states that "fractional growth for Flight Options and other providers has been flat in recent years", yet news articles clearly show Flexjet with significant increases in share sales, with more projected for 2008! How is it that they can do it with their increased pilot expense, but "the industry leader" cannot?
He then goes on to say that FO has a "level of stability due to the five-year contracts..., but the overall size of our fractional business is declining each year." Doesn't this contradict his statement about growth being stable? Doesn't he get it that this also contradicts managements claims about increased customer satisfaction scores? If this were the case, they would be referring their friends to FO, and they would be renewing their contracts. New referrals and renewed contracts do not result in "declining" fractional business.
I laughed at his comments about catering costs being a large category of expense. In the past, I provided management with a concrete example of the waste the company pays on their catering contracts (paying $195.00 for something they could have had for $55.00), but can see no evidence of any changes being made to save costs in this area. Knowing that customers pay an hourly rate with cost of living increases each year, you would think that management would be motivated to cut costs in this area as much as possible in order to show a profit.
Finally, I found the 2008 budget to be interesting to say the least. The amounts shown reflect a break-even budget. You can bet that the investors are shown a different set of numbers, because they are in it for the money. Why would they accept break-even? What else isn't MS showing here?! How about showing a breakdown of management personnel showing % of total personnel and % of total compensation dollars? Now that would be enlightening!
All in all, I found the letter to be more proof that MS is just using these letters to try to persuade pilots that the company can't meet our demands. It's a good thing that most of us can see through the mirrors and smoke
After merger we had approximately 225 aircraft and 980 pilots at our maximum from a total of about 1600 employees .
So we had 620 support staff ( Mx and office staff) supported by the 225 aircraft
61% of the employees were pilots and 39 % support staff.
Today with approximately 125 aircraft and 568 pilots we have about 1500 employees total.
Now we have 962 support staff (mx and office staff) supporting 125 aircraft.
38% pilots and 62 % support staff
If 620 support staff could take care of 225 aircraft why can’t they take care of 125 aircraft?
What are the extra 342 support staff doing?
If the average wage of the support staff is about $ 30,000 per year (with benefits) that means we have an added payroll of $10,260,000 per year more in support staff.
Am I missing something????