Originally Posted by
Paragraph377
The CEO and Board will do whatever it takes to make sure their rice bowls are protected. If you think they could give a crap about pilot unemployment, or anybody becoming unemployed, you are living in the third dimension.
And this is why pilots should be somewhat concerned. The CEO has just made 750 odd positions redundant in head office - I doubt he will hesitate in making pilots redundant if need be. In the pilot’s favour - making a pilot redundant is a very expensive exercise. And most VA pilots will know what happened during the GFC...The Company moved too many pilots off the 737, and when the economy picked up, they were left short of flight crew. You’d think they’d not make the same mistake twice. The only issue is they will be bleeding cash in the meantime.....
Strong rumour that NZ will be losing some aircraft and those will head over to TT to accelerate fleet replacement there. You’d have to also think that domestic capacity reductions will be announced at the half year results.