RE: RE: RE: What the Moody's Caa1 rating means Great question.....
For many years now, bigger airlines like AC offer what most pilots would consider a good career over all. I know the first two years new pilots at AC mainline put up with the terrible wages because of the long term career that awaits them.
Most pilots AC hires are very experienced. Usually former Captains from other airlines or the military. There are currently (and will be for years to come) very lucrative flying jobs over-seas... primarily South Asia and the middle east. The pilots working for airlines there start at around $14000 USD a month (after tax) with a top end of arounf $20 000/ month.
But Canada is home for these folks, and they would rather make less and raise their families here. This trend will stop as the salaries at the "over-seas" airlines increase as the supply for qualified pilots around the world dwindle, and as the airlines here (namely AC) continue to treat their only skilled professionals like dirt.
Like I say, I've invested lots in airline stocks. I think I know a fair bit about the esoteric nature of the industry. They aren't somehthing I usually like to hold on to (for many reasons), but I think there could be some very big upside to AC. Until there is a change at the headshed however, I won't touch it with a ten foot pole. Calin R and the BoD are AC's biggest problem by a loooong shot.
Cheers