why cathay?
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well i had done my homework and read most of the threads...but still i would like to find out why many people are so keen on starting as SO and being so much time with no flying whatsoever. Is lifestyle that good there?!
p.s. aussie r u italian? we may have spoken before?!
p.s. aussie r u italian? we may have spoken before?!
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Why Cathay??
I'm leaving the military flying game to fly for Cathay. As far as I can see, Cathay is easily the best option for me........lot's of like minded ex-military pilots in the company, very competitive (compared to Qantas) financial package when living in Hong Kong, the chance to live overseas and do some serious travel, the chance to have 15-20 days off a month to hang out with my wife and kids, the chance to live in close proximity with a lot of really good mates, etc, etc, etc.
Obviously you have to make the choice ensuring you are satisfying the things that are important to you, but for me, it's a no brainer. As far as the lack of flying goes, compare 8-10 years to a Captaincy in CX with 17 in Qantas. I've spend the last 10 years flying around trying to hold my head up under 7g while trying to shoot my mates, so my body will appreciate the airliner lifestyle for a while!!!!
Obviously you have to make the choice ensuring you are satisfying the things that are important to you, but for me, it's a no brainer. As far as the lack of flying goes, compare 8-10 years to a Captaincy in CX with 17 in Qantas. I've spend the last 10 years flying around trying to hold my head up under 7g while trying to shoot my mates, so my body will appreciate the airliner lifestyle for a while!!!!
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yes well fair enough...i can understand you.
Its good to hear other points of view, im realizing its definetly not for me though...i was just fascinated by the "big and famous airline" thing..but i guess the good old days are over forever, everywhere in the world..
Its good to hear other points of view, im realizing its definetly not for me though...i was just fascinated by the "big and famous airline" thing..but i guess the good old days are over forever, everywhere in the world..
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Wht CX?
Good Luck!!!!
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Teto...try and get a hold of some Pilots from Northwest Airlines,,,they will give you plenty of reasons why they are leaving NWA and going for CX,Emirates and others....it,s absolutley shocking whats going on with some of the Major Airlines....sometimes the grass is greener on the other side..best of luck ...PB
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Legacy Carriers Suddenly Hot Again
Teto...try and get a hold of some Pilots from Northwest Airlines,,,they will give you plenty of reasons why they are leaving it,s absolutley shocking whats going on with some of the Major Airlines....sometimes the grass is greener on the other side..best of luck ...PB
Legacy Airlines Hot Again
Wednesday October 25, 12:52 pm ET
By Stan Choe, AP Business Writer
Legacy Carriers Suddenly Hot Again on Wall Street
NEW YORK (AP) -- The nation's legacy airlines, previously cast aside by some investors, are suddenly hot again.
So far this earnings season, it's been the old-line hub carriers churning out strong profit reports and topping analysts' expectations. Low-cost competitors, meanwhile, have fallen short of Wall Street forecasts or announced scaled-back growth plans.
It's a stark turnaround from a year ago, when the list of network carriers in, entering or exiting Chapter 11 bankruptcy protection included Delta Air Lines, Northwest Airlines, United Airlines' parent and US Airways. The old-line carriers were seeking to cut costs and restructure to better compete with the upstart low-cost carriers.
The reason for the spotlight shift back to legacy carriers, analysts say, is due partly to heightened airport security this summer and partly to the preferences of business fliers.
After British police broke up a plot to bomb trans-Atlantic flights in August, a liquids ban and stepped-up airport security meant longer lines and bigger headaches for travelers.
That hurt all airlines, but it affected low-cost carrier Southwest Airlines Co. even more so, analysts say.
The Dallas-based carrier specializes in shorter routes than its legacy competitors. Calyon Securities analyst Ray Neidl wrote in a recent report that some of Southwest's potential passengers likely drove to their destinations rather than deal with airport delays and carry-on restrictions.
Cathay Financial analyst Susan Donofrio wrote in a research note that Southwest's average flight length is less than half that of any of the major airlines, meaning it may have a slower revenue recovery.
Southwest said last week the heightened security measures drained away more than $40 million in August and September revenue, or 1.7 percent of its total $2.34 billion in quarterly revenue.
American Airlines' parent, AMR Corp., meanwhile, said the terrorist scare hurt its August and September revenue by more $50 million. While AMR's overall number was bigger than Southwest's, it's proportionately smaller, amounting to less than 1 percent of AMR's total $5.85 billion in quarterly revenue.
Another reason American Airlines and other legacy carriers have better absorbed the security impact is because they're typically the carriers of choice for corporate travel, analysts say.
With merger and acquisition activity booming again, hordes of investment bankers and lawyers are taking to the sky to close deals. While low-cost carriers often offer lower fares and such amenities as leather seats and live television in coach cabins, corporate travelers tend to pump revenue into the legacy carriers, analysts say.
"Put differently, investment bankers typically eschew Live TV and chipper flight attendants in favor of larger, more expensive seats and, well, less chipper flight attendants," JP Morgan analyst Jamie Baker wrote in a recent research report.
Looking forward, analysts say the worst of the security woes are behind Southwest, as the government eases some of the heightened security restrictions.
But several analysts say they still have a bias for legacy carriers, which are able to drive more revenue from corporate travelers looking for first-class cabins and international connections.
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yeah the market has finally taken a turn for the better, lots of RJ captains getting interviews with the SW/JB/CAL and airtran. I hear CAL is due to lose 2-3000 by 2009 with retirements, UAL is only getting 1 in 3 taking the call-back due to hire in mid 2007, same with USair. And of course AMR is due to hire in 2050.
