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AMR CEO on US Airways Bid: 'What's in the Water in Phoenix?'
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US Airways Confirms It Has Hired M&A Advisors For Possible AMR Takeover
Started by USA320Pilot, Jan 25 2012 11:48 AM
#65
Posted 03 February 2012 - 08:49 AM
USA320Pilot
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#67
Posted 03 February 2012 - 10:45 AM
jimntx
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Well, look on the bright side. If DP hadn't arranged to give millions to an M&A consultant, he might have wasted it by giving some to employees. We can't have that now, can we? It would set a bad precedent for AMR executives. They are determined to prove that this bankruptcy is all the employees' fault.
If at first you don't succeed, skydiving is not your sport.
#70
Posted 04 February 2012 - 05:13 AM
ChockJockey
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USA320Pilot, on 03 February 2012 - 08:49 AM, said:
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I’m not sure what’s in the water out there in Phoenix. Maybe it’s the cactus.
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Maybe it’s the cactus.
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cactus
Well Tom, you won't be laughing when that's your callsign.
#71
Posted 04 February 2012 - 10:55 PM
USA320Pilot
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What to Expect of the American Airlines Bankruptcy
Thomas C. Lawton is a professor at Dartmouth's Tuck School of Business.
American Airlines is late to the (merger) party and few prospective partners remain. U.S. Airways is the best prospect—after going through two Chapter 11 filings in the last decade and posting a $71 million net profit last year. It's not ideal, but few options remain. AMR, like its network airline peers, has run out of choices and seems lacking in new ideas. Until they get their costs and debt under control, they will strategically remain on the back foot as budget rivals and global competitors soar to new heights.
Click here to read the story.
Thomas C. Lawton is a professor at Dartmouth's Tuck School of Business.
American Airlines is late to the (merger) party and few prospective partners remain. U.S. Airways is the best prospect—after going through two Chapter 11 filings in the last decade and posting a $71 million net profit last year. It's not ideal, but few options remain. AMR, like its network airline peers, has run out of choices and seems lacking in new ideas. Until they get their costs and debt under control, they will strategically remain on the back foot as budget rivals and global competitors soar to new heights.
Click here to read the story.
#72
Posted 04 February 2012 - 11:39 PM
BoeingBoy
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Perhaps Professor Lawton should come down from his ivory tower and see how the real world works...
"protracted negotiations with trade unions to end its traditionally generous pension plans" - since when is terminating pensions during bankruptcy a "protracted" process?
"Huge pension costs are an ongoing problem in the industry" - every big carrier but AA has used bankruptcy to take care of those (so much for "ongoing") and AA will do the same.
"Their response has been consolidation" - I guess capacity discipline, ancillary fees and fare increases were wasted efforts.
"Until they get their [AA] costs and debt under control" - geez, I thought that was what the bankruptcy filing was all about...
Jim
"protracted negotiations with trade unions to end its traditionally generous pension plans" - since when is terminating pensions during bankruptcy a "protracted" process?
"Huge pension costs are an ongoing problem in the industry" - every big carrier but AA has used bankruptcy to take care of those (so much for "ongoing") and AA will do the same.
"Their response has been consolidation" - I guess capacity discipline, ancillary fees and fare increases were wasted efforts.
"Until they get their [AA] costs and debt under control" - geez, I thought that was what the bankruptcy filing was all about...
Jim
Silver: No question the [9th] embraced the issue that there was harm to the West Pilots.
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