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Exit Strategies

Old 3rd Nov 2021, 06:31
  #61 (permalink)  
Join Date: Mar 2001
Location: York International
Posts: 667
OK, so the first one is from 2018 before the pandemic and the second is from 2012 . You’ll have to do better than that.
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Old 3rd Nov 2021, 06:37
  #62 (permalink)  
Join Date: Jan 2007
Location: Here and Everywhere
Posts: 191
Maybe take a read through the thread, where people were stating that there was never a shortage. Ive proven their view was wrong and I’m not going to entertain goalpost shifting.

Last edited by Jnr380; 3rd Nov 2021 at 08:29.
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Old 3rd Nov 2021, 08:42
  #63 (permalink)  
Join Date: Aug 2016
Location: Vietnam
Posts: 58
This management consulting firm Oliver Wyman have posted an interesting article regarding pilot shortage in the US post Covid
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Old 4th Nov 2021, 03:25
  #64 (permalink)  
Join Date: Nov 2003
Location: 27N
Age: 57
Posts: 130
My nephew flies for the AA regional Piedmont. He got a signing bonus as a new hire in November, 2019. He was never furloughed despite the fact that it was the Rona and we were all gonna die. Now Piedmont is offering this: Piedmont Retention Bonus. I worked in the US regional airline industry from 1989-1997. There was nothing like this. Nothing but pauper's wages. "Paying our dues". In fact starting in 1993 or so my regional required new hires to pay 10,000 dollars for training. They could opt out halfway through and get 5K back if they were failing. There was a pilot surplus, but now, in the US at least, there is indeed a shortage. My nephew will go further faster than I ever dreamed of, and thank God he has never mentioned Cathay.
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Old 4th Nov 2021, 04:50
  #65 (permalink)  
Join Date: Jul 2013
Location: one country, one system
Age: 53
Posts: 0
8driver, good on your nephew, but you need to consider the base line. As you said yourself, the regionals offered salaries that were hardly survivable on. Plus a shortage at Hilbilly Air in Kentucky doesn't mean a shortage of real jobs at real airlines. Most pilots at Cathay don't have the right to work in the US anyway, so it's all a bit (peer reviewed!) academic rubbish.

Every new airline in Europe offers automatically worse conditions than the competitors. Every single one. The packages on offer are hideous, as are the working conditions. As e.g. Flying Clog will shortly find out, some operate a 777F with 3 men Europe-India- Far East in one go. Enjoy and repeat. And that for maybe half of what they earned after tax at Cathay. Some in this forum still see a future in the desert. Have a look at the offered pay and conditions, especially the block hours. Plus these places are absolutely terrible, who really wants to live voluntarily in these artificial, soul-less fake societies with medieval legislation and culture? Maybe if you are from a certain country in the southern hemisphere that makes their pilots worry about the safety of your family while they are at work,but otherwise? Have a look at formerly guaranteed sick leave, pension plans, etc. Shambolic. Some praise 90% free school in these places. Well, they are 100% free where I come from and you don't have to stay indoors half a year and you have human rights. Decisions, decisions..

Long gone is the hardship pay for expats, the new normal for a skipper in Asia is maybe 10k a month, 100 hrs block ultra-long haul with 24 hrs layover at a two and a half star Airport hotel, plus a "villa" in an expensive country I don't want to be. Or make that a shoe box in Tung Chung or some other suburbian dystopian nightmare somewhere in Asia. Awesome.

The universal trend of T&C is clearly downwards, and you need to be a die-hard and blind optimist to reject that.

How often have we been told there is a "looming" pilot shortage? I keep on hearing this since day one in the industry.

Jnr, I actually read the papers you linked. Did you? They do NOT say there was a shortage, they report of a brief recruitment issue at airlines that believed 15k a year is sufficient to offer. Its a fabricated myth. You have a "shortage" of everything if you offer below market pay. Everywhere. Its absurd. The studies only talk about a FORECASTED shortage, and well, we all know how that worked out. Again.

The future pilots will be working-class if they decide to live in their home country and mostly from unsafe/poor countries with useless passports abroad, that is my prediction. The US may offer some shelter for now, but in the long run it will see the same cut-throat race to the bottom conditions.

Any "exit strategy" is rendered useless if constantly all run to the exit at the same time.

Outside work is for 99% of us an illusion, a pipe dream, exit means, well, to exit the industry and retire, become a sand rat or a work slave at a low cost. If you want to call that a "exit strategy" go ahead, I for my part think it is a euphemism.

Last edited by Sam Ting Wong; 4th Nov 2021 at 07:18.
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Old 4th Nov 2021, 10:34
  #66 (permalink)  
Join Date: Apr 2009
Location: HKG
Age: 51
Posts: 233
Well said STW. Yes an illusion for many of us for sure and the exit is as you say retirement or quit with not likely better prospects. Talk to the based guys who have been let go all them how their hunting is going.
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Old 4th Nov 2021, 15:48
  #67 (permalink)  
Join Date: Feb 2005
Location: Vermont
Posts: 26
1.How can you NOT call yourself a defeatist?
2.Two wrongs don’t make a right.
3.HOW did we get to ever declining CoS’s?
You know my answer.
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Old 4th Nov 2021, 16:35
  #68 (permalink)  
Join Date: Jul 2013
Location: one country, one system
Age: 53
Posts: 0
3. By people like you and me, aka the market.

Whatever airline you joined recently, it isn't a well paying one, that is certain. After many years in Cathay you can afford it, you have different work-balance needs as you had 20 years ago. You just want to be home. It suits you and that is totally ok. I have no problem with your career choice at all, but you must see that you are part of the problem, not the solution.

You are accepting market conditions that others can't or don't want to accept, and nothing else is happening everywhere all the time.

If you actually retired, maybe a younger (and poorer) version of yourself might have made a different decision. You maybe got hired directly in the left seat, which again your younger self might have met with less enthusiasm.

You are the demand, you are keeping this market alive, we all do. Don't you see that?

Last edited by Sam Ting Wong; 4th Nov 2021 at 17:02.
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Old 4th Nov 2021, 17:06
  #69 (permalink)  
Join Date: Feb 2005
Location: Vermont
Posts: 26
You make quite the assumptions.
And your assumption makes an ASS of U but not ME.
I make more money now than I did in cx.
As far as being part of the problem: I voted with my feet in stead of continuing to complain or resigning to my fate.
As far as being “home”: wrong again.
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Old 4th Nov 2021, 17:37
  #70 (permalink)  
Join Date: Jul 2013
Location: one country, one system
Age: 53
Posts: 0
Ok, let's assume this is true. In the midst of the worst crisis this industry has ever seen, Piet Lood found a better paying airline than Cathay. Fine.

What you don't see is: it is not about the absolute package, it is about your personal judgement what an acceptable package is. There is no right or wrong, no moral aspect whatsoever.

We are all just a bunch of homo economicus making self-centred decisions. That's it.
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Old 4th Nov 2021, 17:43
  #71 (permalink)  
Join Date: Feb 2005
Location: Vermont
Posts: 26
Another THREE wrong assumptions, so I should probably give up on “educating” you, however…
my original premise was not about understanding market forces. I believe you and I BOTH understand those quite well. My premise was about you being a defeatist who is too afraid or comfortable to stand up for what is right, two wrongs not making a right and being on opposite sides of influencing said market forces.
You do you. I should have given up long ago on the idea of people like you changing their mind or being able to use some self-reflection.
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Old 4th Nov 2021, 17:51
  #72 (permalink)  
Join Date: Jul 2013
Location: one country, one system
Age: 53
Posts: 0
Piet, you can't claim to accept and understand the market on one hand, and on the other ask me to "stand up and fight". Against whom? Fight how?

Think about it, you and a few hundred left. What changed? What would change if I leave?
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Old 4th Nov 2021, 18:04
  #73 (permalink)  
Join Date: Feb 2005
Location: Vermont
Posts: 26
If ONLY you left, NOTHING mate.
But maybe you can put all that gathered wisdom, wealth, experience and preaching pulpit to some good and lead by example.
I know you want/need those last few silver pieces, but as Uncle Joe says: “Come on man”.

You sound like every other defeatist out there: “If I won’t do it, they’ll find someone else who will”.

It’s allright man, I get it. It’s hard.
All I am asking you own up to your defeatist label and wear it with pride in stead of making up excuses of why you are still selling your soul to the devil.
the next generation right?
You had to “fight” for where you are now, so why shouldn’t they?
We left aviation in a worse state than we found it and I for one am ashamed for my part in that decline. At least I TRIED to put my 2 cents in, in stead of throwing my hands in the air stating “it is what it is”.
”Better to have tried and failed, than to not have tried at all”. (Too lazy to find the reference, but google is your friend).
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Old 4th Nov 2021, 18:10
  #74 (permalink)  
Join Date: Jul 2013
Location: one country, one system
Age: 53
Posts: 0
But what you are saying is not true. You did stay and accepted lower and lower conditions, for years and years, right up to your individual line in the sand.You had no problem to be on the demand side as long as it suited you. You did not leave for moral reasons, you left because you saw less benefit in staying than in leaving.

And now you declare your personal threshold as the universal "right" one, the line no other pilot shall cross. That is irrational and imperious.

"Hunger is the best sauce in the world."

Miguel de Cervantes, Don Quixote
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Old 4th Nov 2021, 18:21
  #75 (permalink)  
Join Date: Feb 2005
Location: Vermont
Posts: 26
Fair cop regarding the personal limit, but as I said: I take responsibility for my share in the decline and am ashamed of it.
Care to acknowledge your own part in the decline and apologise for your part?
Oh, I forgot, people like you are never wrong and don’t have anything to apologise for.
Good for you mate.
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Old 5th Nov 2021, 06:33
  #76 (permalink)  
Join Date: Feb 2005
Location: Vermont
Posts: 26
like STW you make many ASSumptions and some of them are wrong.
I already acknowledged that STW has a point in stating that I cannot expect others to abide by MY line in the sand, so I’ll repeat that acknowledgement to you if you want.
Let me assure you that I fought harder against the decline than most. Did I achieve anything? Apparently not. But again: I tried.
What did YOU ever do to try and turn the tide?
I gave up the good fight after realising I couldn’t get enough people to join it and that was well before covid and the current cos18 debacle.
If you guys don’t stand up now, you never will, but that’s no longer my problem.
It just pains me to see defeatists like STW who are extremely well off to try and convince others that it’s not worth fighting for what is right and try to achieve what he has achieved: a very comfortable lifestyle.
HE is allright Jack!

Last edited by Piet Lood; 5th Nov 2021 at 08:27.
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Old 6th Nov 2021, 11:20
  #77 (permalink)  
Join Date: May 2009
Location: Planet Earth
Posts: 122
The surprise with the Berlin Wall was that it did not fall much sooner.
The surprise with Cathay Pacific's Pilot's Pay is that it has not reached realistic levels sooner..
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Old 6th Nov 2021, 13:26
  #78 (permalink)  
Join Date: May 2005
Location: F370
Posts: 197
And the surprise on the top floors (and STW) will be that “the market” is not just pilot jobs. Many will leave Cathay for a job that has nothing to do with aviation. Many already have….. many more than 100.

Wake up!
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Old 6th Nov 2021, 21:35
  #79 (permalink)  
Join Date: Apr 2016
Location: Hong Kong
Posts: 36
Bueno Hombre

So what is a 'realistic level' to live on in Hong Kong then? Please enlighten us all.
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Old 7th Nov 2021, 01:41
  #80 (permalink)  
Join Date: Oct 2007
Location: hong kong
Posts: 151

They will say something like pilots can't go into another job, have to start from the bottom, too late for that etc...

I am sure everyone has worked hard to get to where they are now, and they have every right to not want to start over again. But if one is so unhappy about the condition with his/her current employer and especially it has been going on for so long, why didn't he/she start seeking alternatives earlier in life, be it another employer, a side business or study something for another career....
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