PinnaColaba expecting 2nd quarter loss due to pilots

[Flyer1015]

Pinnacle Airlines Corp. said today it expects to report a loss of 10 cents to 20 cents a share Thursday for the second quarter of 2011.

The company said its operating subsidiaries, Pinnacle, Mesaba and Colgan, incurred higher costs for pilot wages because of a new agreement with the Air Line Pilots Association and changes in crew scheduling to accommodate code-share partners.

It also blamed higher fuel expenses and more operating performance penalties, mainly because of the crew reallocation.

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So a barely-industry-average contract puts us in the red? Really?

And those "operating performance penalties" because of "crew reallocation" would be the tons of displacement out of MEM and MSP, only to send a few people back there again in the next two vacancies.

 

[Raskal]

Bahahaha,

Considering how short multiple bases are they appear to be a bit premature in their whining. What's more expensive, cancelling or staffing? We are certainly in the process of finding out.

 

[i fly boxes]

This just goes to show you that you can polish a turd, but in the end its still a turd. This new CEO got practice pulling frontier out of bankruptcy, with our company destroying average contract maybe he will get to do the same thing with us!!!!

The way this press release should have read is this:
Pinnacle will report a loss this quarter becuase we dont hire enough or upgrade enough
Our mainline partners penalized us becuase we dont hire enough or upgrade enough
We have to pay out 200% open time every month because we dont hire enough or upgrade enough
We cancel flights because we dont hire enough or upgrade enough
In other words this was will be and will always be our fault, we just choose to blame it on our employess and fuel which our mainline partners mostly pay for anyways.
Any questions?

 

[Metro752]

Flight/Rest/Duty time rules soon.

They'll wish they had paid more soon enough.

Screw em.

 

[jynxyjericho]

So when they file in a few months remember boys and girls, "Full pay to the last day."

If we have to take concessions it'll have to be a bankruptcy judge that steals it from us.

 

[DoinTime]

If we have to take concessions it'll have to be a bankruptcy judge that steals it from us.

Kinda like last time?

 

[jynxyjericho]

Kinda like last time?

True or false, the resultant contract was still worth more than the Pinnacle one?

Oh, true.

 

[bri5150]

Kinda like last time?

Yes, like last time. We had a ruling from the judge that said the company could impose what they wanted (after a long fight in the courts which we intially won). So, we had two choices: super crappy imposed contract or our negotiated deal that wasn't as crappy but still less than our current book at the time. What would you have done?

 

[jynxyjericho]

Yes, like last time. We had a ruling from the judge that said the company could impose what they wanted (after a long fight in the courts which we intially won). So, we had two choices: super crappy imposed contract or our negotiated deal that wasn't as crappy but still less than our current book at the time. What would you have done?

Hehe. This is the internet, no facts Bri.

 

[Sherpa]

This just goes to show you that you can polish a turd, but in the end its still a turd. This new CEO got practice pulling frontier out of bankruptcy, with our company destroying average contract maybe he will get to do the same thing with us!!!!

The way this press release should have read is this:
Pinnacle will report a loss this quarter becuase we dont hire enough or upgrade enough
Our mainline partners penalized us becuase we dont hire enough or upgrade enough
We have to pay out 200% open time every month because we dont hire enough or upgrade enough
We cancel flights because we dont hire enough or upgrade enough
In other words this was will be and will always be our fault, we just choose to blame it on our employess and fuel which our mainline partners mostly pay for anyways.
Any questions?

In the Navy they taught us that you can't polish a turd, it's sh*ty to even try.