Republic downsizing due to Pilot Shortage...

[Godfather]

This reports says this:

"The company, which owns regional carriers Chautauqua Airlines and Republic Airlines, said in a federal filing "the company is no longer seeking extensions for 27 of 41 Embraer planes." It cited a "significant reduction" in pilots who meet U.S. experience rules.

Republic added that it expected to take the 27 planes out of service this year, a move that will reduce pretax income between $18 million and $22 million. It did not give more financial details in the filing. Airline officials were not immediately available for comment.

The company also said it would create 750 fewer jobs because of the change."

Pilot Shortage really to blame? Wonder which fleet they'll cut back?

Fire away my Brothers and Sisters!

http://finance.yahoo.com/news/republic-airways-says-lack-pilots-165824888.html

 

[Jetjockey]

Awesome. Time to increase pay or become the next Great Lakes.

 

[WSurf]

"There are a limited number of qualified applicants under the present limitation of 1,500 hours and those applicants will generally gravitate toward jobs at major carriers including cargo carriers as opposed to regionals," said Mann.

LOL.... He didn't say that many FO's will go to the better paying regionals and ones that have a flow thru.

 

[WSurf]

Had a Flight Attendant from Eagle tell a Great Lakes FO that told another PSA Flight Attendant that the older former Mid Atlantic EMB 170's were leaving and US Airways was going to take them back and give them to PDT.

 

[gojo]

This reports says this:

"The company, which owns regional carriers Chautauqua Airlines and Republic Airlines, said in a federal filing "the company is no longer seeking extensions for 27 of 41 Embraer planes." It cited a "significant reduction" in pilots who meet U.S. experience rules.

Republic added that it expected to take the 27 planes out of service this year, a move that will reduce pretax income between $18 million and $22 million. It did not give more financial details in the filing. Airline officials were not immediately available for comment.

The company also said it would create 750 fewer jobs because of the change."

Pilot Shortage really to blame? Wonder which fleet they'll cut back?

Fire away my Brothers and Sisters!

http://finance.yahoo.com/news/republic-airways-says-lack-pilots-165824888.html

That's going to be the story for any airline that operates 50 seat aircraft

 

[nordo_2]

I doubt the FAA and congress realized what the rule changes would do for this segment. An unintended consequence for sure. This is the kind of affect a real trade union such as the AMA is successful at doing. Limiting the amount of themselves. And congress unknowingly did it for us.

Hopefully the gridlock in Washington will continue, so that a revision isn't made. Selfish statement; I know.

 

[WSurf]

FAA and Congress Not Realizing what they are doing before they do it???? NEVER!!!

 

[suupah]

I doubt the FAA and congress realized what the rule changes would do for this segment. An unintended consequence for sure. This is the kind of affect a real trade union such as the AMA is successful at doing. Limiting the amount of themselves. And congress unknowingly did it for us.



Hopefully the gridlock in Washington will continue, so that a revision isn't made. Selfish statement; I know.

Of course they knew what they were doing. This was in response to the shockingly low pay and poor working conditions of regional pilots that came out after 3407. This was intentional

 

[nordo_2]

Of course they knew what they were doing. This was in response to the shockingly low pay and poor working conditions of regional pilots that came out after 3407. This was intentional

It was. I just don't think the FAA and/or congress realized just how directly it would hit the regionals.

 

[PBRstreetgang]

It was. I just don't think the FAA and/or congress realized just how directly it would hit the regionals.

It didn't hit the regionals, the regionals hit the regionals. If the airlines paid a living wage to their F/Os there wouldn't be a shortage of pilots lining up to receive food stamps. When the moat around the decent pay is 5-7 years deep most pilot candidates decide that being the night shift manager at Taco Bell is a better option. The regulations apply to every 121 airline out there, its a level playing field, the fact that the regional management cannot figure out that starting an F/O out at 45,000 per year will solve their staffing problem. Put the right money out there and they will come, or just wait and watch. The average airline CEO/manager is very low on the smarts scale, they had a captive market, and even screwed that up.
The skill set/experience necessary to get to a regional takes awhile to develop/acquire and promising starvation wages is not very attractive.

 

[WSurf]

It didn't hit the regionals, the regionals hit the regionals. If the airlines paid a living wage to their F/Os there wouldn't be a shortage of pilots lining up to receive food stamps. When the moat around the decent pay is 5-7 years deep most pilot candidates decide that being the night shift manager at Taco Bell is a better option. The regulations apply to every 121 airline out there, its a level playing field, the fact that the regional management cannot figure out that starting an F/O out at 45,000 per year will solve their staffing problem. Put the right money out there and they will come, or just wait and watch. The average airline CEO/manager is very low on the smarts scale, they had a captive market, and even screwed that up.
The skill set/experience necessary to get to a regional takes awhile to develop/acquire and promising starvation wages is not very attractive.

Yep.... And people figured out that paying 40,000 dollar for a 4 year degree and another 60,000 dollars or more to go from Private to now ATP for a job that will pay 25K... Keep you away from home during Holidays, Hotels in bad areas... Not being treated like professional just doesn't seem worth it.
We might end up like Europe where you finish College and Airlines will sponsor you for you flight training.... Then your first year you'll make 40K and be guaranteed a Good Job.

 

[General Lee]

I doubt the FAA and congress realized what the rule changes would do for this segment. An unintended consequence for sure. This is the kind of affect a real trade union such as the AMA is successful at doing. Limiting the amount of themselves. And congress unknowingly did it for us.

Hopefully the gridlock in Washington will continue, so that a revision isn't made. Selfish statement; I know.

The families of the victims of the Colgan crash pushed this, and it would be political suicide to go up against them. Congress won't repeal it.


Bye Bye---General Lee

 

[General Lee]

Yep.... And people figured out that paying 40,000 dollar for a 4 year degree and another 60,000 dollars or more to go from Private to now ATP for a job that will pay 25K... Keep you away from home during Holidays, Hotels in bad areas... Not being treated like professional just doesn't seem worth it.
We might end up like Europe where you finish College and Airlines will sponsor you for you flight training.... Then your first year you'll make 40K and be guaranteed a Good Job.

Luckily 15,000 GOOD JOBS are opening up in the next decade. Smart pilots who can see what is happening now will quickly throw apps out to get hired at the beginning of the huge wave. A guy on APC did some chart that stated a newhire today at DL will move up almost 8000 numbers within the next 14 years at DL due to retirements alone.


Bye Bye---General Lee

 

[russtgol]

It didn't hit the regionals, the regionals hit the regionals. If the airlines paid a living wage to their F/Os there wouldn't be a shortage of pilots lining up to receive food stamps. When the moat around the decent pay is 5-7 years deep most pilot candidates decide that being the night shift manager at Taco Bell is a better option. The regulations apply to every 121 airline out there, its a level playing field, the fact that the regional management cannot figure out that starting an F/O out at 45,000 per year will solve their staffing problem. Put the right money out there and they will come, or just wait and watch. The average airline CEO/manager is very low on the smarts scale, they had a captive market, and even screwed that up.
The skill set/experience necessary to get to a regional takes awhile to develop/acquire and promising starvation wages is not very attractive.

You're just pissed because you are a regional lifer at 15 years.:laugh: I would say move on but you can't.

 

[General Lee]

FAA and Congress Not Realizing what they are doing before they do it???? NEVER!!!

Well, people did die in the Colgan crash, right? Their families fought for the new rules.


Bye Bye---General Lee

 

[Mercyful Fate]

Well, people did die in the Colgan crash, right? Their families fought for the new rules.


Bye Bye---General Lee

I heard Delta is getting 88 717's...is this true?

 

[Freebrd]

I heard Delta is getting 88 717's...is this true?

Ask your sister Jenny putz! :laugh:

 

[livin'thesim]

The families of the victims of the Colgan crash pushed this, and it would be political suicide to go up against them. Congress won't repeal it.


Bye Bye---General Lee

I really, really, hope you're right. But what of insidious work-arounds? I don't trust that management groups won't lobby for some sort of "back-door" solution later.

Hopefully, most of the cruddy regionals are out of business by then, with their pilots off at the majors and nationals.

 

[UnstableAviator]

So we're 7 months into the "ATP" rule and 1.5 months into 14 CFR 117.

God help 'em 3 years from now!

 

[Mercyful Fate]

Freebrd This message is hidden because Freebrd is on your ignore list.

Ahhhh, this is quite lovely