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Bullboard - Stock Discussion Forum Air Canada T.AC

Alternate Symbol(s):  ACDVF

Air Canada is an airline company. The Company is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. It provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's... see more

TSX:AC - Post Discussion

Air Canada > Ratification - 10 am et.
View:
Post by Pesyk1 on Oct 09, 2024 7:24pm

Ratification - 10 am et.

We will all know tomorrow morning around about 10 am eastern time ,what the vote count  will be  .  I don't believe they will vote against the pay raise , IF they do vote against the 4 year pay contract , there will be absolute chaos ,(1 )  the union leader who made this deal will  resign, (2) Canadian travelers will be scrambling as will the businesses who rely on AC to deliver .  If they vote against , the Canadian government will most likely step in to force 2 week arbitration, where all will be settled.  The experienced pilots will be getting around about 300k , newbees start out with 80k/ year in this 4 year contract.  I will be shocked if they decline this offer .  85% chance they will vote for is what we are thinking.  Newbees possibly not happy at all with pay scale .  Let's see what happens tomorrow morning....
Comment by jjwilson on Oct 10, 2024 6:55am
Just a note, vote closes at 10:00, not results announced at 10:00. It took almost an hour for the strike vote results to be announced after that vote closed.  
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