Effect of Phil Trenery Still Being Felt

So Menke makes....

$425,000 BASE
$425,000 minimum in stock as part of the LTIP "This award is without regard to company performance"
$141,000-$425,000 Cash award annual bonus "not contingent on the achievement of any performance objectives"

What concessions will come from him?

plus...positive space first class on all of Delta for him and his entire family....pretty nice!
 
I feel obligated to point out that menkles said we NEED to honor trenary and shockey's multi-million dollar severance packages because we as a company are bound to them. since they're contracts.

This is was 5 minutes after saying hes seeking concessions from the pilot group... who is under contract....

Take a minute and process this. Allowing any concessions from us at all is absolutely ridiculous. Time to update applications.
 
The Juice said:
So Menke makes....

$425,000 BASE
$425,000 minimum in stock as part of the LTIP "This award is without regard to company performance"
$141,000-$425,000 Cash award annual bonus "not contingent on the achievement of any performance objectives"

What concessions will come from him?

plus...positive space first class on all of Delta for him and his entire family....pretty nice!
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Ya, amazing. just amazing
 
They have not stopped interviewing/hiring yet or canceled new hire classes have they? I hope I don't get furloughed that would not be fun.
 
flyboywbl said:
They have not stopped interviewing/hiring yet or canceled new hire classes have they? I hope I don't get furloughed that would not be fun.
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No not at all. What many people don't seem to grasp is that the corps is short pilots. They would have to park a lot of airplanes to be heavy on pilots.

And as mentioned before they are seeing attrition of about 15 pilots per month, that's a new hire class in and of itself. If the majors start hiring with any consistency (huge if) then that number will only increase.

Why was our 3Q in the red? Too many cancellations leading to penalties from mainline, among many other things as outlined in the call. This company needs pilots, but they are hoping for concessions??? Good luck, this is definitely a pilot's market and the company has nothing to bargain with with the pilots. That's why everyone else is unilaterally getting the ax.

More than anything else I just want people to calm the F down and get a hold of themselves. The world keeps spinning and as of today we all have our jobs and our contract. The airline industry runs on rumors and dreams, I just wish that sometimes people would just shut up and fly the damn airplane.
 
crazyjaydawg said:
No not at all. What many people don't seem to grasp is that the corps is short pilots. They would have to park a lot of airplanes to be heavy on pilots.

And as mentioned before they are seeing attrition of about 15 pilots per month, that's a new hire class in and of itself. If the majors start hiring with any consistency (huge if) then that number will only increase.

Why was our 3Q in the red? Too many cancellations leading to penalties from mainline, among many other things as outlined in the call. This company needs pilots, but they are hoping for concessions??? Good luck, this is definitely a pilot's market and the company has nothing to bargain with with the pilots. That's why everyone else is unilaterally getting the ax.

More than anything else I just want people to calm the F down and get a hold of themselves. The world keeps spinning and as of today we all have our jobs and our contract. The airline industry runs on rumors and dreams, I just wish that sometimes people would just shut up and fly the damn airplane.
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Like I said, I bet paranoia drives the price to $1 ish I think if it hits and hold .85 we will end up filing.

I'm willing to put a small bet on that not happening.
 
TUCKnTRUCK said:
Like I said, I bet paranoia drives the price to $1 ish I think if it hits and hold .85 we will end up filing.

I'm willing to put a small bet on that not happening.
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I agree with you 100%

The only way for them to get pilot concessions is to force it i.e. bankprutcy. It's cool thing to do again!

I have worked for airlines twice under bankruptcy and the sun still rose in the east and set in the west...weird. I wouldn't worry about furlough, but being slapped with a 10-15% pay cut by a bk judge is possible.

If they slashed pay then attrition will go through the roof and the corps will be forced to park planes and it will become a 900/Q400 only operation very quickly. In the mean time any pilot that sticks around will see their seniority continue to rise until the opportunity elsewhere presents itself. So I don't think this is too awful except for a possible pay cut.
 
Houston said:
http://www.youtube.com/watch?v=D3XfXeUEwv4

http://www.youtube.com/watch?v=3pZlQBTsuOk

Apparently I have a higher opinion of pilots.
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I'm talking economics.

And, for what it's worth:
article-0-0E1D765400000578-497_634x422.jpg
 
crazyjaydawg said:
No not at all. What many people don't seem to grasp is that the corps is short pilots. They would have to park a lot of airplanes to be heavy on pilots.

And as mentioned before they are seeing attrition of about 15 pilots per month, that's a new hire class in and of itself. If the majors start hiring with any consistency (huge if) then that number will only increase.

Why was our 3Q in the red? Too many cancellations leading to penalties from mainline, among many other things as outlined in the call. This company needs pilots, but they are hoping for concessions??? Good luck, this is definitely a pilot's market and the company has nothing to bargain with with the pilots. That's why everyone else is unilaterally getting the ax.

More than anything else I just want people to calm the F down and get a hold of themselves. The world keeps spinning and as of today we all have our jobs and our contract. The airline industry runs on rumors and dreams, I just wish that sometimes people would just shut up and fly the damn airplane.
Click to expand...

That is reassuring, thanks. I looked on my Facebook this morning where a fellow FO wrote "looks like I'll be looking for a new job, Merry Christmas" and I almost had a heart attack. I was kind of pissed at him.

The pay cut, on the otherhand is not cool. We just got the new contract and now they want to break it? That's BS. I hope the Union does not cave. First year regional FO pay is a joke to begin with.
 
crazyjaydawg said:
No not at all. What many people don't seem to grasp is that the corps is short pilots. They would have to park a lot of airplanes to be heavy on pilots.

And as mentioned before they are seeing attrition of about 15 pilots per month, that's a new hire class in and of itself. If the majors start hiring with any consistency (huge if) then that number will only increase.
Click to expand...

Didn't someone ask about this in the last conference call? He said we're overstaffed with pilots right now, and that attrition will not do the trick.
 
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