Proposed 7% paycut now for Pinncollaba

[kellwolf]

It's amazing how many times we see things coming, yet management never listens to the pilot group and if they do come to the same conclusion, it is a year or more behind.

Remember this one? "Hey, if you're going to ramp up hiring, you might want to get that 3rd sim up and running. It's going to cause a training bottleneck." 6 months later, they're all "OMG! What happened?!?!? We're out of sim space!??!?"

 

[jynxyjoe]

This company, truly is, simple at best.

 

[Tram]

Eject, eject, eject. Well, really, eject, eject because after the second one, I'm gone..

 

[DStu]

So what is up with the stock this morning? up almost .30 which is big since it was at .82 on the open.

 

[Adler]

"Pinnacle Airlines (NASDAQ PNCL) is one of today's best performing penny stocks, up 10.7% to $0.90 on 1.4x average daily volume. Thus far today, Pinnacle Airlines has traded 299,000 shares, vs. average volume of 208,000 shares per day. The stock has outperformed the Dow (10.7% to the Dow's -0.8%) and outperformed the S&P 500 (10.7% to the S&P's -0.9%) during today's trading"

http://www.fnno.com/story/market-mo...-stock-attracts-attention-pncl-auto-generated

 

[kellwolf]

Meh. We've seen the stock fluctuate how many times in the past several years? When we see some kind of announcement from Menke or the stock STAYS up, then there may be something up. It could just be a lot of pilots saying "Hey, I can get 100 stock shares for $80 right now!"

 

[B200 Hawk]

Yay! I still haz job, we are back in business.

 

[ProudPilot]

So this begs the question, is there a decent paying regional now? I've said no plenty of times but the railroad does drag on. I need to be able to work overtime and make at least 45K a year. Is that even possible now?

 

[Boris Badenov]

So this begs the question, is there a decent paying regional now? I've said no plenty of times but the railroad does drag on. I need to be able to work overtime and make at least 45K a year. Is that even possible now?

45k FIRST year? I'd be surprised if that's possible anywhere. Maybe...I dunno...Horizon?

 

[Tram]

First year at a regional? Doubtful. Very, very, impossibly doubtful.

If you flew 100 hours a month for a year, on 5th year pay at 9E you'd only clear $50k..

 

[ProudPilot]

Yeah, that what was I was thinking. Besides I just lost 200 hrs by losing a logbook. I'm now at 1262 hrs and 46 hrs multi.

 

[v1valarob]

First year at a regional? Doubtful. Very, very, impossibly doubtful.

If you flew 100 hours a month for a year, on 5th year pay at 9E you'd only clear $50k..

If you flew 100hours in a month at Pinnacle, assuming you start off with a line that has you around 75hrs of credit to begin with, and you then pick up 25 hours of OT @ 200% (because the Saab is where new guys go, and everything is at 200% now) your credit would be at 125. Give or take another 25-50 hours of credit from min days, and other random stuff, I would say you'd be around 150hrs of credit, or more. I know people this month with well over 170hrs of credit and only 80hrs of flying.

You would need to credit 144.5 per month to break $45k. If you really didn't care about your life at home, and the 200% thing were to keep up for 12 months, you could hit that easily. But to be fair, it wouldn't be something I'd be bragging about. QOL at home trumps all.

 

[Tram]

I hear the Colgan side is going nuts with 200% pay..

The 9E FO side has reserve FO's on the verge of dequal.

200% is an abnormal situation and shouldn't be used to calc a years pay.

 

[jynxyjoe]

I hear the Colgan side is going nuts with 200% pay..

The 9E FO side has reserve FO's on the verge of dequal.

200% is an abnormal situation and shouldn't be used to calc a years pay.

Doesn't appear to be at Pinnacle. You are correct, though, no one should count on 200%

 

[kellwolf]

Doesn't appear to be at Pinnacle. You are correct, though, no one should count on 200%

I haven't seen 200% offered on the -200 since last summer. I'd say Tram is right. The old norm is the new abnormal. Not sure how it is on the -900. I'd say the Saab is gonna show it until they get it staffed (ie everyone from 11-09 is in their place). Then I'd expect to see the 200% go away there as well.

 

[jynxyjoe]

I haven't seen 200% offered on the -200 since last summer. I'd say Tram is right. The old norm is the new abnormal. Not sure how it is on the -900. I'd say the Saab is gonna show it until they get it staffed (ie everyone from 11-09 is in their place). Then I'd expect to see the 200% go away there as well.

I saw it the whole time I sat at JFK. Was that last year already?

 

[Tram]

Funny how 200% pickups became normal ops around here.

I tried to get 300% once. They wouldn't go for it, so I denied them due to staffing. The scheduler actually laughed.

 

[jynxyjoe]

Funny how 200% pickups became normal ops around here.

I tried to get 300% once. They wouldn't go for it, so I denied them due to staffing. The scheduler actually laughed.

Heh. Before our failed merger I heard a couple Pinnacle jumpseaters griping about 200% as a resultant JM event on a weekly basis. I guess I sort of assumed they were too lazy to post it in open time at 200% they'd just call you at the last minute instead.

 

[bronco21016]

Has anybody calculated what 7% from the pilots would save the company? I'm wondering how it compares to the $250,000 they said they saved in one month ($3,000,000/year) from the APU memo. It seems like $2.2 million was a number I heard when they were still asking 5%.

I would think the savings realized from penny pinching APU usage would be a pretty good barganing chip for any agreement they might come up with for us to vote on.

Obviously the more important question is, when will they finally put a memo out to the ground crews about hooking up air?

 

[kellwolf]

I saw it the whole time I sat at JFK. Was that last year already?

Yep. I think August was the last time we saw 200%. Open time in JFK is pretty much non-existent. I can't even swap 2 2-days for a 4 day since there's nothing there. Reserves sit all the time. Long call hardly ever gets escalated to short call. I'm half tempted to bid long call in March just to see what happens.