Flight Benefits at Air Transat for pilots and their families

[DanWEC]

Naw, I think he meant <5 year upgrade and time to 300k as two separate things. 300k maybe 15 years from DOH with 50 hrs of OT all year and perdiems. Much less if you get more OT. I hate using extras as a benchmark however.
Pay is 195k-260k, 10 step discounting yr 1.

It's all moo anyways, likely many changes in 2025. YOS being near the top of the list. Will get substantial increases.

The good part is that even though you're still sitting making utter peanuts for a few years as an FO at TS while you could get a 210k 1-2 year NB upgrade at AC, when you do upgrade at TS you still have a decent, non NB sked, and by the time you're taking a WB position at AC 20+ years later, which finally beats TS, you're dropping to the bottom of the list again, while you'd be around 50% CA at TS and would have been making for the previous 10ish years.

It's always lifestyle vs pay with these two, but again it's all a thought experiment right now considering the renegots at both. Bottom line, I think it's a fantastic place if you want to work to live and not the other way around, but different strokes and all.

[Brakefans]

I feel like people overlook some very important points:

-Transat is highly in debt. They were given a break on interest payments. That is now history since oct 31st. They have sold everything they have to sell, they don’t own anything else.

-Most vulnerable compagnie is this high interest environnement are companies that have to refinance and that have a high debt load aka Transat.

-Pilots pay 100% of long term disability, thousands of $ per month out of pocket.

-employee groups are catching on about cost of living increases and are asking for more. Flight attendants just voted down tentative agreement. Transat is profiting from increased sales while costs stay lower until they have to sit down with frustrated employee groups and renegotiate. In other words, recent profits will soon be history and Transat will go back to be break even.

-everyone is super exited about the transat porter joint venture. All the end of the day, we’re talking about 2 highly leveraged compagnies in a high interest environment and plateauing economy. Can it end well?

[Localizer]

I feel like people overlook some very important points:

-Transat is highly in debt. They were given a break on interest payments. That is now history since oct 31st. They have sold everything they have to sell, they don’t own anything else.

-Most vulnerable compagnie is this high interest environnement are companies that have to refinance and that have a high debt load aka Transat.

-Pilots pay 100% of long term disability, thousands of $ per month out of pocket.

-employee groups are catching on about cost of living increases and are asking for more. Flight attendants just voted down tentative agreement. Transat is profiting from increased sales while costs stay lower until they have to sit down with frustrated employee groups and renegotiate. In other words, recent profits will soon be history and Transat will go back to be break even.

-everyone is super exited about the transat porter joint venture. All the end of the day, we’re talking about 2 highly leveraged compagnies in a high interest environment and plateauing economy. Can it end well?

Am I missing something here? Isn’t AC sitting on $10.5 billion in debt? I’m sure you’ll give me some crafty lingo why AC’s debt is fine, but the competitors are one foot in the grave and the other on a banana peel.

https://companiesmarketcap.com/air-cana ... nt%20debts

[Brakefans]

I feel like people overlook some very important points:

-Transat is highly in debt. They were given a break on interest payments. That is now history since oct 31st. They have sold everything they have to sell, they don’t own anything else.

-Most vulnerable compagnie is this high interest environnement are companies that have to refinance and that have a high debt load aka Transat.

-Pilots pay 100% of long term disability, thousands of $ per month out of pocket.

-employee groups are catching on about cost of living increases and are asking for more. Flight attendants just voted down tentative agreement. Transat is profiting from increased sales while costs stay lower until they have to sit down with frustrated employee groups and renegotiate. In other words, recent profits will soon be history and Transat will go back to be break even.

-everyone is super exited about the transat porter joint venture. All the end of the day, we’re talking about 2 highly leveraged compagnies in a high interest environment and plateauing economy. Can it end well?

Am I missing something here? Isn’t AC sitting on $10.5 billion in debt? I’m sure you’ll give me some crafty lingo why AC’s debt is fine, but the competitors are one foot in the grave and the other on a banana peel.

https://companiesmarketcap.com/air-cana ... nt%20debts

You’re not missing anything. Air Canada has debt on its balance sheet, a lot more than Transat actually, but relative to AC’s size, it’s much less. That’s on top of them having access to many more ways to refinance. During COVID, they diluted their existing shareholders by adding something like 30% more shares to the float, converting debt into equity.

Transat lacks respect from the financial world. That’s why they have been unable to refinance anything in 2 years and maybe why the CFO has left.

[Localizer]

I feel like people overlook some very important points:

-Transat is highly in debt. They were given a break on interest payments. That is now history since oct 31st. They have sold everything they have to sell, they don’t own anything else.

-Most vulnerable compagnie is this high interest environnement are companies that have to refinance and that have a high debt load aka Transat.

-Pilots pay 100% of long term disability, thousands of $ per month out of pocket.

-employee groups are catching on about cost of living increases and are asking for more. Flight attendants just voted down tentative agreement. Transat is profiting from increased sales while costs stay lower until they have to sit down with frustrated employee groups and renegotiate. In other words, recent profits will soon be history and Transat will go back to be break even.

-everyone is super exited about the transat porter joint venture. All the end of the day, we’re talking about 2 highly leveraged compagnies in a high interest environment and plateauing economy. Can it end well?

Am I missing something here? Isn’t AC sitting on $10.5 billion in debt? I’m sure you’ll give me some crafty lingo why AC’s debt is fine, but the competitors are one foot in the grave and the other on a banana peel.

https://companiesmarketcap.com/air-cana ... nt%20debts

You’re not missing anything. Air Canada has debt on its balance sheet, a lot more than Transat actually, but relative to AC’s size, it’s much less. That’s on top of them having access to many more ways to refinance. During COVID, they diluted their existing shareholders by adding something like 30% more shares to the float, converting debt into equity.

Transat lacks respect from the financial world. That’s why they have been unable to refinance anything in 2 years and maybe why the CFO has left.

Nah, the CFO had $4 million reasons to leave … apparently Dollarama has the cash to lure talent.

[TeePeeCreeper]

Am I missing something here? Isn’t AC sitting on $10.5 billion in debt? I’m sure you’ll give me some crafty lingo why AC’s debt is fine, but the competitors are one foot in the grave and the other on a banana peel.

https://companiesmarketcap.com/air-cana ... nt%20debts

You’re not missing anything. Air Canada has debt on its balance sheet, a lot more than Transat actually, but relative to AC’s size, it’s much less. That’s on top of them having access to many more ways to refinance. During COVID, they diluted their existing shareholders by adding something like 30% more shares to the float, converting debt into equity.

Transat lacks respect from the financial world. That’s why they have been unable to refinance anything in 2 years and maybe why the CFO has left.

Nah, the CFO had $4 million reasons to leave … apparently Dollarama has the cash to lure talent.

My old next door neighbour used to be the CFO of Dollarama. I can personally attest that he was extremely well remunerated during his tenure.

[hercvsa400]

Hi there,

You have MyID for almost every airline worldwide. It's a huge list which I'm fairly certain includes those guys.

Can register immediate family, parents and kids and partner, to fly stby on all the listed carriers without having to be accompanied. Also all MyID.

Can standby on TS anytime as per usual, but you also get 2 free round trip tickets per year, and can bank them up and also use single legs as half the ticket. Entitled to club class if available but it's a cheap upgrade to guarantee it. I believe your registered beneficiaries can use these on their own as well, perhaps someone else can confirm this.

Unlimited employee pricing if you don't want to use those.

Every month you get a selection of deeply discounted vaca packages for employees. I'm not 100% sure how many people you can book for or if they have to be your registered beneficiaries, but the company is great if you ask, and they'll likely just provide it anyways. Good personal and friendly culture.

Can send anyone 10-15% off flights for friends and family.

Cheers!

Hi do you guys have Cathay, Philippine Airlines, or Asian Carrier in your list? Thank you!

[Niodatchi]

We recently had China Airlines (Taiwan) added...They fly pretty much everywhere in Asia..