UAL and CAL Pilots "Together"

[Ex737Driver]

I have haeard so many guys say the ERW/COLA agreement is crap. I have yet to figure out why based on what CAL did the last time we had furloughs imminent. Care to elaborate?

 

[Jonny Sacko]

Early Out, 50k a year for 2 years. That's only if you get the 300 takers???Flying can make more. It's for the guys leaving already I believe. The F/A deal (from a F/A) didn't sound too exciting either. As for the COLA, I have no idea if it's good or not. I believe it'll boil down to the number that take it. And yes, they could just furlough, so the question will remain how well was it received? The number that turn in their retirement papers will be the answer. That's why it's a question mark.

 

[Ex737Driver]

I agree that there could be more to it, but isn't the main reason for this agreement to be available is to try to eliminate furloughs? I frankly don't care if the guys considering early retirement only get $10,000. The COLA seems the same standard COLA the company has always offered. The other tidbits in the agreement, LTVRF, etc. are excellent additions in order to reduce furloughs. The info I received is that by reducing the LPA cap in each BES, we can possibly save 100-150 positions. If 50-80 guys take the COLA, I forsee around 100-100 guys take the ERW. If this comes to fruition, there could be the need for no furloughs at all.

Not too sure about the FA deal but again, their problem. I don't want to see anyone lose their job but I am focused on the pilots obly here.

All-in-all this deal seems to me to have the requirements to try to get the left-seat-lifers out the door in order to save the junior guys. If you have another job, business, rich spouse, MIL, take the COLA and enjoy. The nice thing here is that no one is being forced into this, well except for the last 250-300 pilots or so and hopefully we can cut that number to 0.

 

[ultrarunner]

I smell a fire sale. UAL flavored.

I agree...no reason to get in bed with UAL. Just hang out and wait..then pick up what you want.

 

[eaglesview]

Not unless we are picking up pieces. No offense but CAL mgmt tried this and after looking at UAL's books decided that alliance was best. We are in a cash hoarding mode (increased $890M in 3 mo) and there will have to be a very good deal to relase some of it. A merger won't be a good deal.

I don't see anything in what the MEC's released that suggests merger. I think we are over reacting. It says the pilot goups will work together and share information that's all.

What is interesting is USAir has been part of Star Alliance for years now and this type of thing has not happened with them. CO is not even a member yet and this memo comes out.