Re-read "Sean's" last letter. It said Delta wasn't willing to work with Pinnacle on contract concessions outside of bankruptcy. Even if we had agreed to a wage concession that would have fixed the Q400 bids, we would have still had to go into bankruptcy to even get Delta to talk to us.
I'll give you that the low bids were an issue, but if that were it, why not just declare bankruptcy on Colgan as a subsidiary and be done with it?
I would say "fortunately," either. PinnPro guys are all out of jobs now. Non-union people are getting the shaft royally (that was announced this week, too). And we're looking at a long, uphill battle just to stay slightly south of industry average. We'd go back to being one of the few regionals without a min day with lower pay and crappier benefits. Skywest does the same job we do and they'll be pointing and laughing at this. If our management team is really so inept they need these kinds of cuts just to stay profitable, I think it's the wrong people taking cuts and being shown the door. If we're LUCKY Republic or Skywest will buy us.....
I still say that it was Pinnacles attempt to underbid all this flying that got them into this situation. Had they bid what they could afford they would not have to depend on Delta/United to rework the CPA's. Delta did not put them into this situation. Pinnacles own management did. My comment that it has fortunately caught up to them is no reflection on the employees of the airline. I hope if concessions are forced upon the group that most will say enough is enough and move on. Why bring this industry any lower? I do agree with you that the best situation may be for Pinnacle to get bought out and new CPA's negotiated.