1500hr Rule Must Comply by 2019

Autothrust Blue said:
It's pretty silly to say to someone who's passed an ATP ride (at both of the carriers I've worked at) that they can't go to work anymore.

It's going to be interesting to see how this pans out, really. But I for one do not think that the FAA's new rule is much better than the old one in terms of actually improving safety. (And that's another conversation.)
Click to expand...


From what I've been hearing it's actually making things worse.
 
FlyinIllini said:
This is something I still can't understand...Think about economics here. How will a company, who can barely pay their employees as it is because their profit margins are so small, end up paying their employees more after this is in effect? A lot of these flights are only being done due to govt funding as it is. I understand what your are thinking as well with supply and demand for pilots but unless the company receives more govt funding or jacks up the airfare prices - i do not see a traumatic increase in pay for the regional pilots. Any thoughts? I, for one, am very interested in what the end result will be as I debate whether to even bother applying to the regional airlines over the increasingly more competitive freight/charter jobs in the next year
Click to expand...

There's money available. I work for a small regional with roughly 50 airplanes. The president makes more money than Gary Kelly does. We have an 8% profit margin. There's no money?
 
USN88 said:
Yea, how so?
Click to expand...


Number of applicants going down means standards are going down.

It's good for me because we're not running ourselves ragged training new people to replace the folks that leave, but my check airman friends are tearing their hair out over IOEs that suck.



Sent from 1865 by telegraph....
 
pete2800 said:
There's money available. I work for a small regional with roughly 50 airplanes. The president makes more money than Gary Kelly does. We have an 8% profit margin. There's no money?
Click to expand...

That is an incredibly small profit margin.

I spoke with a recruiter from Go Jets today. He is doing some training here at my flight school... Anyway, he was going on and on about "how screwed" the regionals are right now and how screwed they are going to be next year. He said they can't fill classes now and they are seriously considering offering "sizable" sign on bonuses. He said to try and get more pilots in the December and January classes they are thinking of offering 2 to 3 grand. He said upgrade time is anywhere from 1 to about 3 years. If they are hurting this bad I wonder what it is/will be like next year for other regionals?
 
chrisreedrules said:
That is an incredibly small profit margin.

I spoke with a recruiter from Go Jets today. He is doing some training here at my flight school... Anyway, he was going on and on about "how screwed" the regionals are right now and how screwed they are going to be next year. He said they can't fill classes now and they are seriously considering offering "sizable" sign on bonuses. He said to try and get more pilots in the December and January classes they are thinking of offering 2 to 3 grand. He said upgrade time is anywhere from 1 to about 3 years. If they are hurting this bad I wonder what it is/will be like next year for other regionals?
Click to expand...

I have heard close to the same thing from several different people coming from a few regionals. What I can't figure out is if they are really hurting for pilots why are they not dropping their multi mins? In the recent past when time were hard for regionals looking to hire they would drop the mins down to 10-50hrs multi time. Why not now? The only place I have seen below 100hrs in Great Lakes.
 
chrisreedrules said:
That is an incredibly small profit margin.
Click to expand...
Jet said:
It's actually incredibly high for this industry.
Click to expand...
Agreed. Even moreso for an all-CPA regional carrier.
chrisreedrules said:
I spoke with a recruiter from Go Jets today. He is doing some training here at my flight school... Anyway, he was going on and on about "how screwed" the regionals are right now and how screwed they are going to be next year. He said they can't fill classes now and they are seriously considering offering "sizable" sign on bonuses. He said to try and get more pilots in the December and January classes they are thinking of offering 2 to 3 grand. He said upgrade time is anywhere from 1 to about 3 years. If they are hurting this bad I wonder what it is/will be like next year for other regionals?
Click to expand...
Republic has been doing 5k signing bonuses for new hires for a while now. The only companies that are having a hard time are the ones that no one wants to work for. GoJet, Republic, etc. Has Skywest or Horizon had a shortage of applicants? I doubt it.
Rotor2Wing said:
I have heard close to the same thing from several different people coming from a few regionals. What I can't figure out is if they are really hurting for pilots why are they not dropping their multi mins? In the recent past when time were hard for regionals looking to hire they would drop the mins down to 10-50hrs multi time. Why not now? The only place I have seen below 100hrs in Great Lakes.
Click to expand...
Likely an insurance requirement. Horizon has been hiring people with down to 50 hours of multi time.
 
chrisreedrules said:
That is an incredibly small profit margin.

I spoke with a recruiter from Go Jets today. He is doing some training here at my flight school... Anyway, he was going on and on about "how screwed" the regionals are right now and how screwed they are going to be next year. He said they can't fill classes now and they are seriously considering offering "sizable" sign on bonuses. He said to try and get more pilots in the December and January classes they are thinking of offering 2 to 3 grand. He said upgrade time is anywhere from 1 to about 3 years. If they are hurting this bad I wonder what it is/will be like next year for other regionals?
Click to expand...

If he thinks that $2-3k is a sizable signing bonus, no wonder they can't attract any pilots. Regional starting salaries will need to go up in the range of at least 50% before they start attracting sizable numbers of applicants. For me, they would have to double. Of course, if they did that, they would be higher than many of the first year salaries at the majors.
 
Autothrust Blue said:
That's comforting.
Click to expand...

Eh, I don't think saying the FOs haven't "passed" the check ride is probably the best wording. Could be construed that they are FAILING the rides. They just simply aren't even being given. The company is so backed up on sim time, recurrent training is barely being done on time. I was due for a sim in November, and I didn't even show up on the list for guys to be scheduled....that was even before I turned in my notice. Pretty soon, we're going to have guys not getting displaced timing out just because the company can't schedule enough sim time.
 
kellwolf said:
Eh, I don't think saying the FOs haven't "passed" the check ride is probably the best wording. Could be construed that they are FAILING the rides. They just simply aren't even being given. The company is so backed up on sim time, recurrent training is barely being done on time. I was due for a sim in November, and I didn't even show up on the list for guys to be scheduled....that was even before I turned in my notice. Pretty soon, we're going to have guys not getting displaced timing out just because the company can't schedule enough sim time.
Click to expand...
Ops normal, then.
 
ATN_Pilot said:
Which regional is this with an 8% margin?
Click to expand...
Horizon. That's this year, thus far. The profit margin has climbed consistently since the single-fleet-type transition, and seems to be leveling off.

Funny thing though, management refuses to try to grow the company until they reach a 10% profit margin.
 
pete2800 said:
Horizon. That's this year, thus far. The profit margin has climbed consistently since the single-fleet-type transition, and seems to be leveling off.
Click to expand...

That's impressive. That sort of margin used to be the norm in the regional end of the business, but it hasn't been that way in years now. Good for Horizon!

Funny thing though, management refuses to try to grow the company until they reach a 10% profit margin.
Click to expand...

Yeah, I feel your pain there. SWA continues to make money and we're sitting on a ridiculous amount of cash, but the CEO refuses to grow until we hit 15% ROIC, which is virtually impossible in this business.
 
ATN_Pilot said:
Yeah, I feel your pain there. SWA continues to make money and we're sitting on a ridiculous amount of cash, but the CEO refuses to grow until we hit 15% ROIC, which is virtually impossible in this business.
Click to expand...
Ah, yeah. Our goal used to be 10% ROIC, apparently. Until we met it, then it switched to 10% pure profit margin. Until we meet that...
 
So wait, now sitting on piles of cash and making more piles of cash is a BAD business strategy? I confess that I don't have an MBA, but I thought that was a GOOD thing.
 
pete2800 said:
Ah, yeah. Our goal used to be 10% ROIC, apparently. Until we met it, then it switched to 10% pure profit margin. Until we meet that...
Click to expand...

Ours is:
When jet fuel falls below $$$$
When oil is below $X
Well, when the crack spread is $Y
Wait, wait, the metric is now Brent Crude, and when that's below...
Well, when the DEBT is below...
When marketing gives us their Summer 2013 plan...

See, that's why the internet is awesome.
 
Autothrust Blue said:
It's pretty silly to say to someone who's passed an ATP ride (at both of the carriers I've worked at) that they can't go to work anymore.
Click to expand...

How did you pass an ATP ride at AE when they didn't implement FOQ until August, and you left in June or July?
 
You must log in or register to reply here.
Back
Top