Search found 2005 matches

by rudder
Fri Jun 05, 2020 9:48 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1035
Views: 92295

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Back to the thread topic.

Most North American airline stocks up 15-40% in the last 3 trading days. TRZ is down.

Investors are placing bets.
by rudder
Thu Jun 04, 2020 8:29 am
Forum: Air Transat
Topic: Air Canada and Transat announce Increased Purchase Price to $18 per Share
Replies: 1035
Views: 92295

Re: Air Canada and Transat announce Increased Purchase Price to $18 per Share

Just received an equity research note on TRANSAT A.T. INC from Scotiabank.

It isn’t just pilots on web boards offering opinions on the AC/TRZ transaction.
by rudder
Tue Jun 02, 2020 12:59 pm
Forum: Air Canada
Topic: Air Canada Second Trip to C.C.A.A.?
Replies: 44
Views: 7984

Re: Air Canada Second Trip to C.C.A.A.?

Is yet another thread going to be hihacked into an unrelated debate?
by rudder
Tue Jun 02, 2020 12:06 pm
Forum: Sky Regional Airlines Inc.
Topic: Termination of CEWS on July 4th?
Replies: 18
Views: 1929

Re: Termination of CEWS on July 4th?

straight2thepoint wrote:
Tue Jun 02, 2020 11:59 am
Roughly 90 additional pilots to be recalled for July. Min hour guarantee back to 75
So 180 out of 280 back on payroll? Or 150?
by rudder
Mon Jun 01, 2020 6:59 pm
Forum: Sky Regional Airlines Inc.
Topic: Termination of CEWS on July 4th?
Replies: 18
Views: 1929

Re: Termination of CEWS on July 4th?

Article 1.10 of the ACPA cba girls.... thats the reality. If mainline shrinks, express shrinks... at the end of the day regional flying is ACPA flying with a let if certain fleet targets are met. Yup. But it isn’t linear. Express growth never kept up with mainline growth. There is a buffer that can...
by rudder
Mon Jun 01, 2020 6:54 pm
Forum: Sky Regional Airlines Inc.
Topic: Termination of CEWS on July 4th?
Replies: 18
Views: 1929

Re: Termination of CEWS on July 4th?

E190 CA $175G/yr E175 CA $95k/yr Math. The decision to exit the 190’s was made well before COVID. There is so much more to the equation. Particularly given COVID era contingency planning, scope, and what AC believe it’s network will need to look like 2023 and beyond. All of these decisions are made...
by rudder
Mon Jun 01, 2020 5:15 pm
Forum: Sky Regional Airlines Inc.
Topic: Termination of CEWS on July 4th?
Replies: 18
Views: 1929

Re: Termination of CEWS on July 4th?

I understand we want to put our interest first but unfortunately it doesn't work like that. first if we follow your (poor) way of thinking why did AC retire the e190 and not the e175 then? the 175's are AC owned. give all the express flying to the 190 and keep more jobs at AC. close your eyes and k...
by rudder
Mon Jun 01, 2020 3:28 pm
Forum: Jazz Aviation LP - Air Canada Express
Topic: Best guess when recalls could happen
Replies: 87
Views: 12851

Re: Best guess when recalls could happen

link821 wrote:
Mon Jun 01, 2020 2:55 pm
Brutal....this sounds more like a fact than an opinion?
Pure speculation. But just look at what AC is doing with the schedule and listen to what is AC is saying publicly.

The rest is just a math exercise.
by rudder
Mon Jun 01, 2020 2:42 pm
Forum: General Airline Industry Comments
Topic: CEWS
Replies: 54
Views: 5861

Re: CEWS

I see that Delta is working towards avoiding 2300 lay-offs among its pilot group ( https://www.cnbc.com/2020/06/01/delta-union-working-to-avoid-furloughs-of-2300-pilots.html . That is how a union is supposed to work. To put it in context, what DAL ALPA is talking about is early retirement packages....
by rudder
Mon Jun 01, 2020 2:10 pm
Forum: WestJet
Topic: Will Westjet survive?
Replies: 82
Views: 20652

Re: Will Westjet survive?

ayseven wrote:
Mon Jun 01, 2020 1:00 pm
The real question should be: "how much legroom and armroom am I going to have now?" I think things are looking up!
Guess how many airlines will survive at 50-66% load factor?

None.
by rudder
Mon Jun 01, 2020 2:08 pm
Forum: Jazz Aviation LP - Air Canada Express
Topic: Best guess when recalls could happen
Replies: 87
Views: 12851

Re: Best guess when recalls could happen

link821 wrote:
Mon Jun 01, 2020 1:19 pm
Any updated opinions on when hiring will start back up.
Recalls commencing spring 2021 to accommodate increase to 70% capacity. New-hires spring 2022 if AC starts hiring again.

If Jazz and SKY merge, or if AC still has pilots on lay-off for all of 2022, no Express hiring before 2023.
by rudder
Mon Jun 01, 2020 8:21 am
Forum: WestJet
Topic: Will Westjet survive?
Replies: 82
Views: 20652

Re: Will Westjet survive?

I find it interesting that there is no "Will Air Canada Survive" thread or it's equivalent on the Air Canada Forum. It seems that they are in the same industry and face the same issues and challenges. Is it that all Canadians just expect and know that the government will bail out AC no matter what ...
by rudder
Mon Jun 01, 2020 6:14 am
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 88313

Re: Layoffs

DAL just published their reduction bid results.

2327 pilots with no position assignment (surplus/potential layoff). Most senior surplus pilot DEC 2016 DOH.

Junior NB CA DOH 2001/2007 (depending on whether former NW or DL).
by rudder
Thu May 28, 2020 5:05 pm
Forum: Air Canada
Topic: The Return to Normal?
Replies: 279
Views: 37060

Re: The Return to Normal?

Hong Kong - 4 deaths

South Korea - 269 deaths

USA - 102000 deaths


Would one of the virus ‘experts’ care to explain?

If you can explain it, perhaps then we can return to normal.
by rudder
Thu May 28, 2020 4:04 pm
Forum: Sky Regional Airlines Inc.
Topic: Termination of CEWS on July 4th?
Replies: 18
Views: 1929

Re: Termination of CEWS on July 4th?

Actually 28 being brought back for June 1, bringing the total to 90 active. 47 Captains and 43 FOs, 65 hour min guarantee. Staffing for ...... 9-10 aircraft? Jazz has 50% of line pilots inactive. Putting 3 factory CRJ900’s in to service over next 30 days. Express schedule seems to be a work in prog...
by rudder
Thu May 28, 2020 2:51 pm
Forum: General Airline Industry Comments
Topic: CEWS
Replies: 54
Views: 5861

Re: CEWS

I’m sure you know the difference between 5% pay cut on a 150k and a fellow pilot working to feed the family. So speaking about quality of the remaining jobs, taking another 5% pay cut will bring you to the poverty line and you won’t be able to afford you luxurious life anymore? Things need to chang...
by rudder
Thu May 28, 2020 2:04 pm
Forum: Sky Regional Airlines Inc.
Topic: Termination of CEWS on July 4th?
Replies: 18
Views: 1929

Re: Termination of CEWS on July 4th?

Who knows at this point... Let's see what the summer schedule will look like and how many guys they need... I have hope for the end of the summer with most guys back as the border re-opens And I hope that many Express pilots have personal contingency plans if that does not happen. Recovery is beyon...
by rudder
Thu May 28, 2020 11:23 am
Forum: Air Canada
Topic: Air Canada Second Trip to C.C.A.A.?
Replies: 44
Views: 7984

Re: Air Canada Second Trip to C.C.A.A.?

I have heard that they are projecting that they can hold on until into Q1/21 before they hit their bingo cash number. If traffic/bookings pick up before then, imif additional revenue continues growing (ie cargo), if recovery comes, that date pushes. The submission that CR/Rousseau made on the Q1 an...
by rudder
Thu May 28, 2020 11:03 am
Forum: Air Canada
Topic: Air Canada Second Trip to C.C.A.A.?
Replies: 44
Views: 7984

Re: Air Canada Second Trip to C.C.A.A.?

Rousseau said daily cash burn for March was $22MM per day and cash on hand on March 31 was $6.4B. He further estimated that cash on hand on June 30 would at least be equal to March 31. It is likely that once AC gets the staff right sized and payroll costs for active staff only that burn rate will be...
by rudder
Thu May 28, 2020 9:12 am
Forum: General Airline Industry Comments
Topic: CEWS
Replies: 54
Views: 5861

Re: CEWS

Similarly, there is significant expenses with furloughing too. Severance, training being a particularly large expense but there are also non-financial costs too such as morale, loyalty, etc. In other words, this is more than a financial issue but a human issue too. True. But for anybody who has bee...
by rudder
Thu May 28, 2020 8:38 am
Forum: General Airline Industry Comments
Topic: CEWS
Replies: 54
Views: 5861

Re: CEWS

Perhaps it's easy being on the sidelines now as a retiree but I think ACPA and AC pilots should endure some pain for its junior members facing furlough. Unlike a normal, economic recession which is just part of the cycle of this industry, COVID-19 is an entirely different event. Everyone going into...
by rudder
Thu May 28, 2020 6:05 am
Forum: General Airline Industry Comments
Topic: CEWS
Replies: 54
Views: 5861

Re: CEWS

For many AC and Express employees, CEWS will be a bridge to a layoff not a bridge to return to active status.

Perhaps this is the issue or perhaps it is the large employer layoff provisions of the Federal Labour Code that are in conflict with the CEWS legislation.
by rudder
Thu May 28, 2020 5:59 am
Forum: Sky Regional Airlines Inc.
Topic: Termination of CEWS on July 4th?
Replies: 18
Views: 1929

Re: Termination of CEWS on July 4th?

For many AC and Express employees, CEWS will be a bridge to a layoff not a bridge to return to active status.

Perhaps this is the issue or perhaps it is the large employer layoff provisions of the Federal Labour Code that are in conflict with the CEWS legislation.
by rudder
Wed May 27, 2020 3:05 pm
Forum: General Airline Industry Comments
Topic: You need post secondary to work at CargoJet
Replies: 16
Views: 2430

Re: You need post secondary to work at CargoJet

It went from a sellers market to a buyers market overnight.

Watch for more ‘requirements’ in other pilot job postings (which are few and far between).

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