* AvCanada's Home Page * Photo Gallery * Directory * Topsites *Weather *Enter Chat * Media Kit
It is currently Fri May 24, 2013 3:31 pm

View unanswered posts | View active topics




Board index » Airlines » General Airline Industry Comments

All times are UTC [ DST ]

Who is chatting
Who is chatting
Enter Chat




Post new topic Reply to topic  Page 1 of 3
  [ 68 posts ]  Go to page 1, 2, 3  Next
  Print view Previous topic | Next topic 
Author Message
airboy1
PostPosted: Thu Sep 08, 2011 9:00 pm 
Offline
Rank 0
Rank 0

Joined: Thu Sep 08, 2011 8:54 pm
Posts: 10
Anyone listen to the podcast conference call from today? The Q3 results are out and the CEO is pretty confident they will ground 3 aircraft next year and up to 9 grounded next summer if the conditions are the same regarding the market. Didn't they hire like a lot of f/a's and pilots recently? He didn't hesitate to mention he will layoff crew if required.


Top
 Profile  
 
rudder
PostPosted: Thu Sep 08, 2011 10:02 pm 
Online
Rank 8
Rank 8

Joined: Wed Mar 08, 2006 8:10 pm
Posts: 815
Sounded like CanJet flying reductions could be on the table as well.


Top
 Profile  
 
hogster330
PostPosted: Thu Sep 08, 2011 10:09 pm 
Offline
Rank 1
Rank 1

Joined: Tue Jan 27, 2009 5:30 pm
Posts: 21
Wow!! It always amazes me how things can be understood so differently.When I listen to what the man says, it is clear to me that because Air Transat has 3 A310s on a power by the hour lease and because they are fully crewed, there is the ability to easily adjust capacity as the market fluctuates. In case of a "catostrophic event" he could even go as far as parking the other 9 as the lease payments are not that expensive compared to the A330s.I think you should take another listen.


Top
 Profile  
 
Sideshow
PostPosted: Thu Sep 08, 2011 10:26 pm 
Offline
Rank 3
Rank 3
User avatar

Joined: Sat May 28, 2005 5:07 am
Posts: 111
Location: BC DME
http://www.theglobeandmail.com/globe-in ... le2157677/

According to the globe and mail


Top
 Profile  
 
sanjet
PostPosted: Thu Sep 08, 2011 11:22 pm 
Offline
Rank 7
Rank 7
User avatar

Joined: Mon Jan 10, 2005 4:54 pm
Posts: 645
Location: Montréal! CYUL #1!!
There is definitely a double edge sword for Transat. Do they cut down capacity next year and allow emerging Sunwing and Air Canada to take over some market or do they operate at loss trying to get more or just maintain market share. Any of those two paths are big gambles for TSC. I still hear that they are hiring crews though.


Top
 Profile  
 
rudder
PostPosted: Thu Sep 08, 2011 11:30 pm 
Online
Rank 8
Rank 8

Joined: Wed Mar 08, 2006 8:10 pm
Posts: 815
Question - "How would you go about reducing capacity if necessary?"

JME - " I have 3 A310 that are power-by-the-hour. I can park them and only pay $50,000 per month per plane. I have a contract with CanJet. I can reduce aircraft as much as I like with penalties. The remaining A310 leases are about $125,000 per month so if I wanted I could park them as it is not expensive compared to running them at a loss. I would only consider that under catastrophic circumstances (i.e. post 9-11). The A330 leases are too expensive to park."


Top
 Profile  
 
CanadaEH
PostPosted: Fri Sep 09, 2011 6:35 am 
Offline
Rank 8
Rank 8

Joined: Fri Apr 02, 2004 11:02 pm
Posts: 941
Location: Tuktoyuktuk
Transat is in a tough position.

As with everything in this ever changing industry, Transat has been a victim of bad timing.

1. WestJet stopped flying for Transat and launched WestJet Vacation (WJV)
2. Transat partnered with Canjet
3. Signature bought into Sunwing
4. WestJet Vacations has grown at a pace that I don't think anyone expected (including WestJet)
5. Thomas Cook aggressively expanded into the Caribbean
6. Transat overestimated what people were willing to pay for "premium" travel packages last winter
7. Adding 330's and reducing 310's
8. Fuel prices

I'm probably missing a few things but I think all of the above has played a role in the challenges Transat is facing.


Top
 Profile  
 
Mig29
PostPosted: Sat Sep 10, 2011 4:59 pm 
Offline
Rank (9)
Rank (9)
User avatar

Joined: Fri Aug 13, 2004 3:47 am
Posts: 1078
what I don't understand is why all of a sudden Transat went on hiring bonanza (spring/summer), upgraded so many guys instead of remained cautious and played it safe, until their financial results were out? It seems to me one bad quarterly report, and their bosses are throwing in the towel and threatening lay offs?

Do these guys plan more then a week ahead or what!!? :roll:


Top
 Profile  
 
ahramin
PostPosted: Sat Sep 10, 2011 6:04 pm 
Offline
Rank Moderator
Rank Moderator

Joined: Wed Feb 18, 2004 1:21 am
Posts: 3463
Location: Vancouver
Mig29 wrote:
what I don't understand is why all of a sudden Transat went on hiring bonanza (spring/summer), upgraded so many guys instead of remained cautious and played it safe, until their financial results were out? It seems to me one bad quarterly report, and their bosses are throwing in the towel and threatening lay offs?

Do these guys plan more then a week ahead or what!!? :roll:

Lol. There's no threats of layoffs. They are axing senior management at head office, not at Air Transat. They may reduce capacity, but I doubt it will be Air Transat capacity. Still hiring pilots every month, and word came down yesterday to hire 350 more flight attendants. Transat holidays sells over 60% more tickets than Air Transat can fly with the current fleet size.


Top
 Profile  
 
Mig29
PostPosted: Sun Sep 11, 2011 1:14 am 
Offline
Rank (9)
Rank (9)
User avatar

Joined: Fri Aug 13, 2004 3:47 am
Posts: 1078
Then that is good news, for pilots that is ....and F/As as well :wink:

Cheers


Top
 Profile  
 
ywg9
PostPosted: Thu Nov 10, 2011 5:30 am 
Offline
Rank 3
Rank 3

Joined: Wed Feb 15, 2006 10:47 pm
Posts: 131
I didnt want to start a new thread, anyone know how things are going at TS are they laying off or are they calling guys for interviews.


Top
 Profile  
 
ahramin
PostPosted: Thu Nov 10, 2011 7:19 am 
Offline
Rank Moderator
Rank Moderator

Joined: Wed Feb 18, 2004 1:21 am
Posts: 3463
Location: Vancouver
Neither.


Top
 Profile  
 
TopperHarley
PostPosted: Thu Nov 10, 2011 12:23 pm 
Offline
Rank (9)
Rank (9)
User avatar

Joined: Fri Feb 20, 2004 10:56 pm
Posts: 1832
They did just put out an ad for FAs though.


Top
 Profile  
 
scopiton
PostPosted: Thu Nov 10, 2011 5:26 pm 
Offline
Rank 7
Rank 7

Joined: Mon Sep 08, 2008 4:06 pm
Posts: 713
as per company investor's website http://www.transat.com/en/investors/investors.aspx , cost reduction strategy will be known early December 2011 and 2012 / 13
http://www.transat.com/_pdf/en/media/20 ... 1.CIBC.pdf p.11 & 12

such a transparency is not common in the industry. good for them.


Top
 Profile  
 
Takeoff OK
PostPosted: Sat Nov 19, 2011 3:36 am 
Offline
Rank 3
Rank 3
User avatar

Joined: Wed Jun 09, 2010 8:21 am
Posts: 170
17 pilots will be furloughed as of mid-December. No LOAs or reduced scheds offered.


Top
 Profile  
 
Agrios Anemos
PostPosted: Sat Nov 19, 2011 3:51 pm 
Offline
Rank 1
Rank 1

Joined: Tue Feb 16, 2010 7:33 am
Posts: 40
Thats Shitty

MErry F,;..//.;king Christmas


Top
 Profile  
 
airboy1
PostPosted: Sat Nov 19, 2011 5:21 pm 
Offline
Rank 0
Rank 0

Joined: Thu Sep 08, 2011 8:54 pm
Posts: 10
That's what I hear too. Had a friend who was just about to finish his PPC and now is about to get booted. Sad considering he just left a good company for this place...
Merry xmas indeed...


Top
 Profile  
 
rudder
PostPosted: Sat Nov 19, 2011 5:54 pm 
Online
Rank 8
Rank 8

Joined: Wed Mar 08, 2006 8:10 pm
Posts: 815
17 out of 400+ seems a little ridiculous. Perhaps this is just a shot over the bow to get AT ALPA into some form of concessionary discussions to save jobs.

Heard that AT is still hiring FA's. If there are flying reductions, why would they be hiring FA's? Something doesn't add up.


Top
 Profile  
 
watermeth
PostPosted: Sat Nov 19, 2011 6:10 pm 
Offline
Rank 2
Rank 2

Joined: Tue Nov 01, 2011 11:32 pm
Posts: 55
Quote:
why would they be hiring FA's? Something doesn't add up.


christmas rush may be.


Top
 Profile  
 
rudder
PostPosted: Sat Nov 19, 2011 6:37 pm 
Online
Rank 8
Rank 8

Joined: Wed Mar 08, 2006 8:10 pm
Posts: 815
watermeth wrote:
Quote:
why would they be hiring FA's? Something doesn't add up.


christmas rush may be.


In the sun destination packaged tour business, Xmas rush is from mid-December to mid-March. Laying off 4% of the pilots in mid-December makes no sense unless it is just the first wave of more pending pilot layoffs due to permanent flying reductions for 2012.

JME had originally stated in September that any initial reductions in fleet would be A310. Are these pilots that have received notices all A310? Due to a multi-type fleet, reductions and downgrades will trigger other costs.


Top
 Profile  
 
airboy1
PostPosted: Sat Nov 19, 2011 7:40 pm 
Offline
Rank 0
Rank 0

Joined: Thu Sep 08, 2011 8:54 pm
Posts: 10
Knowing Transat, I think management really screwed this one up. I wouldn't be surprised if another 2 310 get grounded permanently. I think they will return to 18 aircraft fleet as they historically/financially were "stable" at.


Top
 Profile  
 
rog that
PostPosted: Sat Nov 19, 2011 7:50 pm 
Offline
Rank 0
Rank 0

Joined: Tue May 10, 2011 9:35 pm
Posts: 8
ah shit...
Can anyone from TS confirm if this is true?
Hope not...


Top
 Profile  
 
Mclovin
PostPosted: Sat Nov 19, 2011 8:34 pm 
Offline
Rank 5
Rank 5
User avatar

Joined: Thu Sep 16, 2004 10:49 pm
Posts: 308
Location: Limbo
rog that wrote:
ah shit...
Can anyone from TS confirm if this is true?
Hope not...


Not at Transat but these guys are usually pretty accurate. Really sucks for the guys that went over recently, lots of guys from Jazz, lets hope that this is just temporary.

http://pilotcareercenter.com/Air-Carrie ... ir+Transat


Top
 Profile  
 
Lima Lima
PostPosted: Sat Nov 19, 2011 11:42 pm 
Offline
Rank 0
Rank 0

Joined: Fri Oct 21, 2005 4:21 pm
Posts: 14
Yes as hard as it is to say, this is all true for what it's worth ... I am one of the Bus drivers who has just been furloughed along with 16 others. Huge shock and hard to deal with right now.

Just wanted to put some fact to the thread for everyone.


Top
 Profile  
 
airboy1
PostPosted: Sun Nov 20, 2011 4:15 am 
Offline
Rank 0
Rank 0

Joined: Thu Sep 08, 2011 8:54 pm
Posts: 10
What's unfortunate is that Canjet is subcontracted to do work for Transat using foreign pilots. Its the new reality I guess. This should be a clear sign to ACPA regarding the opening of a new low cost carrier.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  Page 1 of 3
  [ 68 posts ]  Go to page 1, 2, 3  Next


Board index » Airlines » General Airline Industry Comments

All times are UTC [ DST ]

Who is online

Users browsing this forum: buzzjob, GA MX Trainer Dude, Gilles Hudicourt, idratherbeflying, nine sixteenths, sticks37, Strobes and 41 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group

Advertisements by Advertisement Management
 
For questions/comments please send them to
webmaster@avcanada.ca

AvCanada Topsites List
AVIATION TOP 100 - www.avitop.com Avitop.com
While the administrators and moderators of this  forum will attempt to remove or edit any generally objectionable material as  quickly as possible, it is impossible to review every message. If you feel a  topic or post is inappropriate email us at support@avcanada.ca .  By reading these forums you acknowledge that  all posts made to these forums express the views and opinions of the author and  not the administrators, moderators or webmaster (except for posts by these  people) and hence will not be held liable. This website is not responsible or liable in any way for any false or misleading messages or job ads placed at our site.   

Use AvCanada's information at your own risk!

We reserve the right to remove any messages that we deem unacceptable.
  When you post a message, your IP is logged and may be provided to concerned parties where unethical or illegal  behavior is apparent. All rights reserved.