RJET Q1 Loss 22.4 Million

[Gear Down]

22.4 million loss for the quarter. Branded side loses 55.2 million.

And the death spiral has begun for another. Watch and see. Incompetence at so many levels.

 

[StaySeated]

Once the represenation election is over at Frontier/Republic this summer, will work begin to get all 3,000 pilots working on a joint CBA?

This may be a question that only the IBT can answer.

The Chautauqua CBA has been amendable since 2007, yet the IBT has not TA's one single section to date.

I am not trying to start an arguement here, I am seriously interested how the IBT intends to handle the additional workload they may inherit.

The Local 357 has very little money in the bank, the current dues structure doesn't provide an adequate revenue stream to fund the operation, and the "national" union doesn't seem very interested in financially supporting what may potentially be their largest airline organization.

I have witnessed several IBT representation drives in my relatively short 13 year airline career. Their playbook is only a few pages long, and very predictable.

Scare Tactic #1 - if you don't vote for the IBT, you will be stuck with your current CBA for a very long time. (Oh the irony)

Scare Tactic #2 - only the IBT is a _____________ pilot's union (fill in blank with whatever type of airline fits the current need. Usually it is a "cargo" pilots union, but this time it will be a "regional/llc/ffd/branded" pilots union?)

Scare Tactic #3 - if you don't vote for the IBT, you will end up without a union!! (This is one of my favorites, totally untrue but they always use it anyway)

Sorry for the thread drift. Who knows when or if their will be a CBA that covers all 3000 pilots. There is no such thing as a "joint CBA" in the RLA. The only reference to such a term is found in the ALPA merger policy which obviously doesn't apply here.

I imagine we will learn more at the end of June.

 

[dlzav8tr]

Bedford came to den last week and said he will do whatever it takes to keep us seperate ( sell 51% or more to somebody ). I doubt this will happen but I am hoping.

 

[StaySeated]

Bedford came to den last week and said he will do whatever it takes to keep us seperate ( sell 51% or more to somebody ). I doubt this will happen but I am hoping.

I have heard this from a couple people now.

I was at the same meeting, and Bedford absolutely did not say he would do whatever it takes to keep us separate. I think this is a very good example of the grapevine (which ironically Bedford used as an example during the meeting) and denial causing people to hear what they want to hear.

 

[F9 A319]

Bedford came to den last week and said he will do whatever it takes to keep us seperate ( sell 51% or more to somebody ). I doubt this will happen but I am hoping.

This was written by someone who came to the meeting with a dream, doesn't comprehend english well, didn't listen and left thinking they heard their dream confirmed somehow.

It didn't happen!

Another thought, he may just be trying to spread misinformation intentionally.

 

[A320kid]

This was written by someone who came to the meeting with a dream, doesn't comprehend english well, didn't listen and left thinking they heard their dream confirmed somehow.

It didn't happen!

Another thought, he may just be trying to spread misinformation intentionally.

Not saying your wrong but he did say selling 51% is still "at the table," but it's not going to happen if we are loosing money.

 

[chqflyer]

Why would selling 51% be off the table because they're losing money? They're only losing money BECAUSE of Republics mingling.

 

[hockeypilot44]

Does anyone here really think Republic is going to go bankrupt? Does anyone here really think they're going to sell off Frontier? The answer to both of those questions is no.

 

[Bolo]

All hearsay! Next topic.

 

[chqflyer]

Does anyone here really think Republic is going to go bankrupt? Does anyone here really think they're going to sell off Frontier? The answer to both of those questions is no.

According to the airline CEO handbook, the threat of BK is now to be used to demand concessions from the employees. Next, the BK courts will be used to extract concessions which will result in a 22.4 million dollar bonus for the top executives. Sound familiar?

 

[hockeypilot44]

According to the airline CEO handbook, the threat of BK is now to be used to demand concessions from the employees. Next, the BK courts will be used to extract concessions which will result in a 22.4 million dollar bonus for the top executives. Sound familiar?

The Republic employees do not have pensions to lose. They are also some of the lowest paid employees in the business. A judge will not involuntarily impose concessions on some of the lowest paid pilots in the world.

 

[Secret Squirrel]

Even if their leader paints a pretty good picture that they are going to have to liquidate if concessions are not put in place? Remember, the bankruptcy judge is there for the Shareholders and creditors, not the employees.

 

[UnstableAviator]

Even if their leader paints a pretty good picture that they are going to have to liquidate if concessions are not put in place? Remember, the bankruptcy judge is there for the Shareholders and creditors, not the employees.

With the combination of terrible work pay rules, junior pilot group, and a low hourly rate, there's just no blood left to be squeezed from RAH labor. BB has the cheapest labor in the industry right now and he still can't make the business work....

 

[chqflyer]

The Republic employees do not have pensions to lose. They are also some of the lowest paid employees in the business. A judge will not involuntarily impose concessions on some of the lowest paid pilots in the world.

We are quite aware that we are the lowest paid rj pilots on the planet and we have no pensions to lose. But as SS mentioned, a BK judge is only concerned abou the shareholders and creditors, employees are nothing but trash that suck profits from the shareholders. There is plenty more pain that a judge would gladly inflict on an already beat down and demoralized employee group. Loss of 401k matching, health insurance, travel bennies in addition to wage reductions are just a few things that execs and a BK judge would simply wet themselves if they could slash them. A judge simply would not give a rats ass if employees worked for free as long as the stockholders, execs and creditors got theirs. It's a sad testament to corporate America.

 

[hockeypilot44]

We are quite aware that we are the lowest paid rj pilots on the planet and we have no pensions to lose. But as SS mentioned, a BK judge is only concerned abou the shareholders and creditors, employees are nothing but trash that suck profits from the shareholders. There is plenty more pain that a judge would gladly inflict on an already beat down and demoralized employee group. Loss of 401k matching, health insurance, travel bennies in addition to wage reductions are just a few things that execs and a BK judge would simply wet themselves if they could slash them. A judge simply would not give a rats ass if employees worked for free as long as the stockholders, execs and creditors got theirs. It's a sad testament to corporate America.

A judge does not just impose pay cuts. To do that, the company has to make a case proving that you are overpaid compared to your peers. You are not. The legacy pilots were all overpaid compared to Jetblue, Spirit, etc. The legacy pilots were also represented by ALPA. ALPA has the worst lawyers in the business. You guys have a lot of things going for you that will prevent concessions from being imposed on you. You are your own worst enemy. The only way you are taking concessions is if you volunteer them. I don't see that happening.