Search found 315 matches

by Squid
Tue Jun 02, 2020 10:24 pm
Forum: Air Canada
Topic: Air Canada Second Trip to C.C.A.A.?
Replies: 44
Views: 8826

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

Is yet another thread going to be hihacked into an unrelated debate? NO. On topic of AC and CCAA from now on, please, gentlemen! How about we talk about the $1.6B getting raised, and how AC almost certainly won’t go into CCAA in 2020! Perhaps AC has enough liquidity to roll into Q2 20201. Everyone ...
by Squid
Mon May 25, 2020 7:40 am
Forum: Air Canada
Topic: Air Canada Second Trip to C.C.A.A.?
Replies: 44
Views: 8826

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

I tend to agree. A lot of other posters base their assumptions that the recovery will be quick. I don’t think it will be. Watching other indicators around the country and world such as tge reluctance to open our own provincial borders. Our burn rate of cash seems to have a consensus of 25-30 mil per...
by Squid
Fri May 22, 2020 1:20 am
Forum: WestJet
Topic: WS/WO Layoff Mitigation Agreement
Replies: 86
Views: 24382

Re: WS/WO Layoff Mitigation Agreement

To all those people who thought/said ONEX purchase was a step forward. Wrong. They are corporate raiders. Period. Now they need to get their money out of Westjet by any means possible. Look out below. Everything is on the table. Lol I’ve been watching your hypothesis on the industry hate for years....
by Squid
Sun May 03, 2020 8:43 pm
Forum: Air Canada
Topic: 79 Airplanes Retired
Replies: 104
Views: 27880

Re: 79 Airplanes Retired

My guess is we will be between 3200-3400 size pilot group
by Squid
Wed Apr 29, 2020 7:10 am
Forum: WestJet
Topic: A "NEW" One List?
Replies: 133
Views: 18709

Re: A "NEW" One List?

Cloak, I believe Mainline and Encore and not comparable due to layoff pay provisions/EI top up in the mainline CA. Here’s some rough math/counting of the cost of a 75% EI top up on the 1000 June 1st layoffs. I roughly assumed an average FO rate of $105 and 4 YOS. June 1st layoff comprises of 460 CA...
by Squid
Tue Apr 28, 2020 5:43 pm
Forum: WestJet
Topic: A "NEW" One List?
Replies: 133
Views: 18709

Re: A "NEW" One List?

The radio silence shows disrespect for the 700 pilots who will be laid-off by week's end, and the other 1000 who will follow, not only to fail to mitigate lay-offs but also to fail to transparently, timely and professionally communicate the facts. Much less would ordinarily cause a recall. Experien...
by Squid
Tue Apr 28, 2020 8:14 am
Forum: WestJet
Topic: A "NEW" One List?
Replies: 133
Views: 18709

Re: A "NEW" One List?

I think it’s always easy for pilots to point out it’s always the company fault (see above) yet they have no communication from the union. Not sticking up for anyone here. There isn’t a lot of time in these types of negotiations and shit has to get done. Gotta laugh at those comments flyinghigh becau...
by Squid
Tue Apr 28, 2020 5:31 am
Forum: WestJet
Topic: A "NEW" One List?
Replies: 133
Views: 18709

Re: A "NEW" One List?

“They” meaning your negotiating committee. The NC guys with years of experience? Sorry. I know sensitive times. Guess you won’t know until the questions are asked but that would be a great question to ask on what the minimum guarantee proposal(s) was. Really sad to hear none of this came back to the...
by Squid
Mon Apr 27, 2020 9:33 pm
Forum: WestJet
Topic: A "NEW" One List?
Replies: 133
Views: 18709

Re: A "NEW" One List?

I think the short term concession MMG of 55 or even 50 would have been given for a longer MOA pretty easily, I could see differing the ESP until certain metrics are met by the company.... Under the circumstances likely most agree, so the question remains why the union has not communicated the offer...
by Squid
Thu Apr 23, 2020 8:19 am
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Exactly. Delaying the bid delays taking care of increasing surplus which in turn burns more cash.
by Squid
Wed Apr 22, 2020 8:55 pm
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Every day of delay bleeds more cash....the delay imho doesn’t mean good news.
by Squid
Fri Apr 17, 2020 7:43 am
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Delaying the bid again is not a good sign. Not that the sky is falling but the revisions are not good.
by Squid
Thu Apr 16, 2020 10:35 am
Forum: General Airline Industry Comments
Topic: Layoff Numbers
Replies: 51
Views: 11237

Re: Layoff Numbers

CEWS is still a lay-off. There is no work for these people. Is Transat paying the top-up portion? How about Jazz? Sunwing, Wj?
by Squid
Tue Apr 14, 2020 12:44 pm
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

altiplano wrote:
Tue Apr 14, 2020 8:43 am
Profit share came in. Check your April stub. That's good news.

I see some overseas flights are being added and frequencies increasing for May on the most recent route update. That's good news.
Oh, ok. Thanks for the advise sport. :roll:
by Squid
Sat Apr 11, 2020 9:15 am
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Those packages will simply be for survival. The customers won’t be back when we flicked the switch off in February. It’s going to be months. Can’t fly skeds if you have no people in the back.
by Squid
Sat Apr 11, 2020 6:35 am
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Good luck with the optimism but I’m guessing we are flying around 5000 people a day system wide with no peak yet burning cash like hornet burns gas with the burners on.
by Squid
Fri Apr 10, 2020 11:19 am
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Pretty sure there are legal ramifications to rescinded job offers, particularly when a signed agreement is in place and the employee has taken major steps to accept the new job, i.e quit their former employer, moved to a new base, etc. I think most of these are settled out of court, and typically a...
by Squid
Sat Apr 04, 2020 1:33 pm
Forum: Air Canada
Topic: Air Canada: Be afraid of the cash crunch
Replies: 7
Views: 2753

Re: Air Canada: Be afraid of the cash crunch

It’s a pretty dynamic and fluid situation. Not at the bottom yet but does have items to consider and think about.
by Squid
Fri Apr 03, 2020 8:38 pm
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

“Heard from an MLO that only 70 of the old boys took the early retirement package.....thanks boys” That’s rich. And yeah 600 are going. The question should be is when are they gonna come back and ask for more. This is still a very deteriorating situation with this pandemic lasting much longer than t...
by Squid
Fri Apr 03, 2020 6:55 am
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

The big but here is the bottom in this economy and virus hasn’t come yet and the 6 mos MOA was drafted on old information. With new information and data changing by the day I think this is going to burn more cash and reserves from Ac weakening their position more for a potential easier recovery. Per...
by Squid
Thu Apr 02, 2020 4:43 pm
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 31946

Re: Will Westjet survive?

Have you been a large part of the 40% increase of Canadian alcohol sales?
by Squid
Wed Apr 01, 2020 8:29 pm
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Best case a few people wanna fly 6 mos from now. It will be years to get back where we were. The economy will be the dictator and the virus will slow the recovery. I’ll bet the concessions will sadly continue as we haven’t hit bottom yet.
by Squid
Tue Mar 31, 2020 7:29 am
Forum: WestJet
Topic: Swoop CRM Class Shutdown by Police
Replies: 26
Views: 6404

Re: Swoop CRM Class Shutdown by Police

More than one dance partner here and I do know Tc isn’t granting extensions or offering approved video crm. I call BS! TC has given extensions for way worse reasons in the past! Maybe they aren’t issuing blanket extensions like they have for medicals, but I would be shocked if they didn’t approve i...
by Squid
Mon Mar 30, 2020 11:01 pm
Forum: WestJet
Topic: Swoop CRM Class Shutdown by Police
Replies: 26
Views: 6404

Re: Swoop CRM Class Shutdown by Police

So how many were in the class? How far apart were they? Swoop ain’t that big. Maybe Tc should finally step up to the plate? More than one dance partner here and I do know Tc isn’t granting extensions or offering approved video crm. Sure you can cancel the course but then your peeps expire. And if yo...
by Squid
Mon Mar 30, 2020 9:41 pm
Forum: Air Canada
Topic: Layoffs
Replies: 468
Views: 92264

Re: Layoffs

Sorry to pop the bubble but there is a serious downsizing if you haven’t figured it out. At least the uptake was good on the early out but it’s still going add up to about 1200 by my math. Why keep you on if you do t have a plane to fly and if you did, nobody in the back along with the rest of the g...

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