Airline "profitable" , losing 35ish million ain't bad for an airline in a fleet acquistion year, plus economical turmoil south of the border and poor USD/CAD performance.
May'be it's time they rebrand or restructure, getting sucked into AC isn't it though hehe.
S.
I disagree. If an airline is losing money when most other airlines are making money that's a bad sign. AC and WJ are taking in profits. If AT can't turn a profit in relative good times what makes you think they can when times get really tough?
Uncle, uncle. It was an emotional justification, same with Canadian. Both are airlines that are (were) bleeding out financially. I love the brand but if I were a shareholder I'd be arguing same as you.
It's too bad, I haven't looked at the interior of their problems to know exactly where the bleeding is. I know they've done a lot of hiring in the last few years due to attrition to Air Canada, but I don't imagine that's at all a big factor. The reports indicate improvement in many areas but that they are still turning a loss. What's going on?
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I'm not sure to tell you the truth. Their loosing money in relatively good economic times is enough for me to not bother with looking into them. Maybe I'm missing a diamond in the rough. Maybe not. There is enough good companies to invest in that I don't bother looking at the ones bleeding out. Expansion could be the reason. But by that metric WJ has expanded huge over they last 5 years, but has remained profitable. I just dunno.
Airline "profitable" , losing 35ish million ain't bad for an airline in a fleet acquistion year, plus economical turmoil south of the border and poor USD/CAD performance.
May'be it's time they rebrand or restructure, getting sucked into AC isn't it though hehe.
S.
I disagree. If an airline is losing money when most other airlines are making money that's a bad sign. AC and WJ are taking in profits. If AT can't turn a profit in relative good times what makes you think they can when times get really tough?
Uncle, uncle. It was an emotional justification, same with Canadian. Both are airlines that are (were) bleeding out financially. I love the brand but if I were a shareholder I'd be arguing same as you.
It's too bad, I haven't looked at the interior of their problems to know exactly where the bleeding is. I know they've done a lot of hiring in the last few years due to attrition to Air Canada, but I don't imagine that's at all a big factor. The reports indicate improvement in many areas but that they are still turning a loss. What's going on?
I'm not sure to tell you the truth. Their loosing money in relatively good economic times is enough for me to not bother with looking into them. Maybe I'm missing a diamond in the rough. Maybe not. There is enough good companies to invest in that I don't bother looking at the ones bleeding out. Expansion could be the reason. But by that metric WJ has expanded huge over they last 5 years, but has remained profitable. I just dunno.
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Selling seats at below cost , is the reason , for the continued losses. Flying ancient A 310's is not a money making proposition.
Great news dis morning my friend, the acquisition has ‘append!
We will all be flying de mighty 777 soon! Our Unions are ‘ard at de work, making us winners in de coming years....while I will miss dis beautiful tree turdy, it is times I take de control of the Boeing. Like they say, “if it is a Boeing, I’ll skip over AC pilot on the list and get going!” I kid, I kid. After all it’s not skipping , it’s my company eh!
C’est la vie my friend....I’m off for a nice stroll on the South of France as I contemplate the years ahead, I had planned to retire at 60, but I’m afraid that is put off for now....making over 300 thousand dollars a year is much to nice to give up....afraid it’ll be 65 for me....who knows maybe 67!!
Habslover wrote: ↑Thu Jun 27, 2019 8:52 am
Hi o, hi o, it’s off to fly 777 I go!!
Great news dis morning my friend, the acquisition has ‘append!
We will all be flying de mighty 777 soon! Our Unions are ‘ard at de work, making us winners in de coming years....while I will miss dis beautiful tree turdy, it is times I take de control of the Boeing. Like they say, “if it is a Boeing, I’ll skip over AC pilot on the list and get going!” I kid, I kid. After all it’s not skipping , it’s my company eh!
C’est la vie my friend....I’m off for a nice stroll on the South of France as I contemplate the years ahead, I had planned to retire at 60, but I’m afraid that is put off for now....making over 300 thousand dollars a year is much to nice to give up....afraid it’ll be 65 for me....who knows maybe 67!!
Wow...that's really offensive. You should be banned from the forum.
When rouge was created in 2010-2011 pay tables for the 767 were cut and pasted from Transat and the A319’s from WestJet. Air Canada was loosing money and market share. In the past 8-9 year both pilot groups have made small improvements in their contracts.
I know this is the internet, but for a second, look at the potential upside this merger presents to the combined pilot group. Air Canada is profitable and merging with the largest trans-Atlantic operator in the country, this removes a lot of downward pressure on pay.
As Fanblade has mentioned, the merger opens up the ACPA collective agreement. We can all agree that the 10 year agreement was negotiated too early and locked in the ACPA group before wages took off in the US market and globally. Everything is back on the table.
The obvious concerns for pilots are seniority integration (which has and will continue to be beaten to death) and fleet size reductions. In 2014 Air Canada sold the pilot group on fleet growth and career progression, then did the same with the Jazz pilot group (twice), I imagine they will go back to that well.
The plan is to maintain the two companies as separate entities, maintaining the two different brands, head offices and key functions in Montreal, the companies said in a release.
"This combination delivers excellent value, while also providing increased job security for both companies' employees through greater growth prospects," Air Canada CEO Calin Rovinescu said.
Air Canada has stated it intends to run Transat as it's own brand.
I predict there will NOT be a merger of the pilot groups.
There's no way AC would just voluntarily increase the salaries of TS pilots, since at the end of the day, their wages and benefits are lower by a little bit.
They would be over the moon to be able to keep 600 pilots at their current rate. Remember, AC has and will do absolutely anything possible to keep pilot wages depressed. Being at the top of the food chain (Amazingly) they are ostensibly responsible for the increasing pilot shortage in this country.
I predict maintaining current pay, but add AC benefits, and perks such as travel (Though probably at C4 lol) and operational improvements in the way of AC's booking and flight planning, etc.
Also, I would bet that AC would promote allowing a regular interview for TS pilots, and if successful would of course start at 4 year flat pay, which nobody would be able to acccept except for guys in maybe the first year or two. So that would be a red herring.
The other way it could go would be to make a parallel with Rouge, but the CBA would have to be opened and renegotiated, since it would double the LCC numbers.
Either way, I'm pretty sure none of you AC guys who were so uproarious about losing a few precious seniority numbers will have to worry about a thing.
Hoping it will all be positive, but any of these changes will be a year or two down the road at least, so anything now is just spitballing. At least TS now has security for the foreseeable future!
Cheers
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Last edited by DanWEC on Thu Jun 27, 2019 12:35 pm, edited 1 time in total.
ACPA is not going to allow a seperate pilot group to operate on behalf of AC. Allowing that is the beggning of the end. No major airline in North America allows it.
JoeyBarton wrote: ↑Thu Jun 27, 2019 12:33 pm
Even with scope language preventing them to grow?
Opening that door is a very very bad idea. The two groups will just get played against each other.
Air Canada will still need to abide by the current Scope language which means that whatever form Transat/Rouge takes, it can't be much larger than Rouge's current size. We want the B scale reduced. Not expanded.
One positive, if you think like me, is we will need a certification vote. Hopefully bye bye ACPA
Habslover wrote: ↑Thu Jun 27, 2019 8:52 am
Hi o, hi o, it’s off to fly 777 I go!!
Great news dis morning my friend, the acquisition has ‘append!
We will all be flying de mighty 777 soon! Our Unions are ‘ard at de work, making us winners in de coming years....while I will miss dis beautiful tree turdy, it is times I take de control of the Boeing. Like they say, “if it is a Boeing, I’ll skip over AC pilot on the list and get going!” I kid, I kid. After all it’s not skipping , it’s my company eh!
C’est la vie my friend....I’m off for a nice stroll on the South of France as I contemplate the years ahead, I had planned to retire at 60, but I’m afraid that is put off for now....making over 300 thousand dollars a year is much to nice to give up....afraid it’ll be 65 for me....who knows maybe 67!!
Wow...that's really offensive. You should be banned from the forum.
DP.
Actually, it made me smile. Every single issue in Canadian aviation rolled up into one post. If you can't laugh at yourself.....
Fanblade wrote: ↑Thu Jun 27, 2019 1:19 pmOne positive, if you think like me, is we will need a certification vote. Hopefully bye bye ACPA
Are you crazy? Shut down your representation the day you need it the most? The AT MEC at that moment would take over the whole group... No matter how disfunctional ACPA may be, that's ridiculous. Put the acquisition to bed first, then revisit ALPA.
Calin says he will integrate Transat into Air Canada.
There is no way -any- pilot will fly AC code on aircraft above 75 seats without being on the ACPA pilot seniority list.
Keeping the Transat "identity" will not be allowed without it being enshrined in an entirely new Collective Agreement. LOU 74 is "Rouge specific", and there is currently NO other language in the contract allowing for another entity, "independent or otherwise".
Air Canada is in a time of record profits and has a record high share price. The pilots are locked into a 10 years deal that has a sub-"standard of living" wage increase, an unnecessary 1.5% pension over-payment among many other irritants.
There will NEVER be a better opportunity to unify the AC pilot body. If this is squandered, it will be lost forever. Its time to "level the field" and pay all pilots like pay for like work, get rid of LOU 74, get rid of Socialized bidding that jeopardizes and "up-ends" the seniority concept.
The more we embrace a "Delta-like contract", shelf all the "FOS concessionary crap", the better off we'll all be.
Wait for the "burning platform" position, and for ACPA to say....." we're negotiating with a gun to our head", so "sorry, best we could do"…..AGAIN.
Fanblade wrote: ↑Thu Jun 27, 2019 11:57 am
ACPA is not going to allow a seperate pilot group to operate on behalf of AC. Allowing that is the beggning of the end. No major airline in North America allows it.
The contract prevents it.
You are right and the same for Air Canada CUPE back end . The only way it's going to work is keep it separate and make it similar to an Air Canada Express which operates on behalf . No one at AC need to worry about seniority merging , it's not happening.
Fanblade wrote: ↑Thu Jun 27, 2019 11:57 am
ACPA is not going to allow a seperate pilot group to operate on behalf of AC. Allowing that is the beggning of the end. No major airline in North America allows it.
The contract prevents it.
You are right and the same for Air Canada CUPE back end . The only way it's going to work is keep it separate and make it similar to an Air Canada Express which operates on behalf . No one at AC need to worry about seniority merging , it's not happening.
WRONG. A seniority merger will happen. No Air Canada Express operator flys aircraft with more than 75 seats, and one will NOT be set up that does.
Its crazy to think for even a second that there will be another airline with a separate pilot list flying around in large jets owned by AC. The Contract, that Calin said ".....will be respected...." is -absolutely crystal clear- about this.
WRONG. A seniority merger will happen. No Air Canada Express operator flys aircraft with more than 75 seats, and one will NOT be set up that does.
Its crazy to think for even a second that there will be another airline with a separate pilot list flying around in large jets owned by AC. The Contract, that Calin said ".....will be respected...." is -absolutely crystal clear- about this.
I don't know how people come up with this stuff.
DP.
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I dont know how you come up with the regionals can't fly aircraft with more than 75 seats, we better ground all the Q4 and the RJ'S then eh.... seems like no one knows what they are talking about.
My guess, TS, will stay TS.... and this story aint over boys
Before that happening you need :
A) Shareholders approval (I don't know why a shareholder would sell for 13$ when you can get 14 or even more)
B) Minister approval (more likely)
, losing 35ish million ain't bad for an airline in a fleet acquistion year, plus economical turmoil south of the border and poor USD/CAD performance.
