2015 Fleet Service thread

[WeAAsles]

Yeah all those zero sum and giveback contracts have really been sending the dough my way. The job has lost half it's value since I'm here but hey, you know what you're talking about. Keep defending that obscenity to unionism. The twu. TWU

Edit:

You can count on it.

 

[Talos]

He's been selling the old shares because he has to. They expire if he didn't.
 
According to the SEC filing, Parker paid about $10.7 million to exercise options and acquire 505,375 shares on Thursday. The options were from the 2005 merger of US Airways and America West and were due to begin expiring later this month. That boosted his stake to more than 2 million shares, and he sold 702,375 shares for more than $24.1 million on the same day.
A company spokesman said that about half of Parker’s profit came from selling shares that he bought in 2008 as a show of confidence at a time when the airline industry was struggling with skyrocketing fuel costs.

http://skift.com/2014/02/15/american-airlines-ceo-doug-parker-nets-13-4-million-profit-in-stock-sales/
 
“Today the Company reported that CEO Doug Parker has exercised and sold 113,000 stock appreciation rights (SARs). Doug received these SARs (similar to stock options) in April 2006, August 2008 and April 2009 when he was CEO of US Airways. These SARs expire over the next 12 months, which means they expire worthless if they are not exercised and sold.
“To facilitate the exercise and sale of this equity before expiration, Doug entered into a 10b5-1 plan May 20, 2015 that lays out a specific date each month for the next year whereby Doug will exercise and sell these SARs. The award prices range from $3.10 to $38.44 per share, which is the price Doug will pay to exercise the SARs, which will then be sold in the open market. How much these SARs are ultimately worth will depend on the share price of AAL stock at the time the shares are sold.
“Doug has a large holding in AAL that has been publicly disclosed and remains extremely positive about the future of American.”

http://aviationblog.dallasnews.com/2015/06/american-airlines-ceo-doug-parker-nets-4-1-million-in-stock-sale.html/

 

10 mil for 500 thousand shares. Nice deal. I wouldn't care if all people were included in sharing the good times. But we're not. And we've received other low blows as well, such as the company wanting to use active members prefunding to use for retired people. The 4% that others got, we did not. During the best time ever for the industry and the company I've seen no signs of good faith from mgmt at all. After 13 years or whatever of a pay cut you would think they would have at least a remote concern about people who take care of their customers.

 

[Zom JFK]

Edit:

You can count on it.

I will. you are nothing if not consistent (like the twu).

 

[ograc]

 
I think they only have so much time before the lack of joint contracts begins to drag on their integration schedule.  As more time goes on the more projects are going to be held up as certain things will be up in the air until ratified.  It might gets to a point where the inefficiencies become more costly than any cost savings they would realize from dragging out negotiations.
 
For example mechanics can only touch their own legacy metal.  This makes it more difficult and costly for the company to shift equipment between hubs, optimizations that would actually increase revenue and make AA more competitive.  Until the work groups are unified under joint contracts there's no reason to believe or expect AA can match or beat DL's operational performance metrics.
 
I think the company has some time, but they can't stall indefinitely.

 
They can go some time count on it. They see us as a below wing group that has no real solidarity. A group that continues to make their operation work regardless of the circumstances at the table. Their intent is to replay what was done to the members at the newly merged UA/CO table. Why? Because it is not about labor peace and recognizing past sacrifice. It is about exploiting our lack of solidarity. Thus, increasing profit and returning more to the shareholders as a result. Until there are signs of a change in solidarity, there is no need for the company to change their agenda. I'll ask again.... what are we, as a collective group, prepared to do about their agenda at the table?
 

 

[WeAAsles]

I will. you are nothing if not consistent (like the twu).

Thanks. And always will be.

 

[Zom JFK]

Thanks. And always will be.

Consistently wrong like the twu. Yes you will.

 

[WeAAsles]

They can go some time count on it. They see us as a below wing group that has no real solidarity. A group that continues to make their operation work regardless of the circumstances at the table. Their intent is to replay what was done to the members at the newly merged UA/CO table. Why? Because it is not about labor peace and recognizing past sacrifice. It is about exploiting our lack of solidarity. Thus, increasing profit and returning more to the shareholders as a result. Until there are signs of a change in solidarity, there is no need for the company to change their agenda. I'll ask again.... what are we, as a collective group, prepared to do about their agenda at the table?

I'll stand by your side Brother. We DO have numbers. You might not see them as much here but they are out there. And they are preparing others.

 

[WeAAsles]

Consistently wrong like the twu. Yes you will.

If you can't move forward its people like you we'll leave behind. Now go sell your garbage walking.

 

[Zom JFK]

If you can't move forward its people like you we'll leave behind. Now go sell your garbage walking.

I'm in the real world. You're the one selling garbage. The fact that you believe in the twu speaks volumes. We will get em next time right Weaasles?

 

[Worldport]

Great now Weaasles is a motivational speaker. He should be doing that infomercial thing on late night TV soon.

 

[Zom JFK]

 
They can go some time count on it. They see us as a below wing group that has no real solidarity. A group that continues to make their operation work regardless of the circumstances at the table. Their intent is to replay what was done to the members at the newly merged UA/CO table. Why? Because it is not about labor peace and recognizing past sacrifice. It is about exploiting our lack of solidarity. Thus, increasing profit and returning more to the shareholders as a result. Until there are signs of a change in solidarity, there is no need for the company to change their agenda. I'll ask again.... what are we, as a collective group, prepared to do about their agenda at the table?
 

Well someone here gets it.

 

[WeAAsles]

I'm in the real world. You're the one selling garbage. The fact that you believe in the twu speaks volumes. We will get em next time right Weaasles?

Let me tell you something AMFA man. You got NOTHING. You had 9 months being left alone to get your cards and you got NOTHING. The IBT tried to get the US guys and they didn't get it and your group got 7 write ins for a group that is purely Aircraft maintenance. 7. One more time 7 NOTHING. You don't have one single IAM mechanic joining your cause on these boards. NOTHING.

The company reads these boards and they better know how small a minority you are. Tiny, insignificant. The TWU I'm positive has finally learned that too.

So stop wasting people's time.

 

[Worldport]

Weaasles is almost Churchill like, damm. Truly the TWUS finest hour

 

[Zom JFK]

Let me tell you something AMFA man. You got NOTHING. You had 9 months being left alone to get your cards and you got NOTHING. The IBT tried to get the US guys and they didn't get it and your group got 7 write ins for a group that is purely Aircraft maintenance. 7. One more time 7 NOTHING. You don't have one single IAM mechanic joining your cause on these boards. NOTHING.

The company reads these boards and they better know how small a minority you are. Tiny, insignificant. The TWU I'm positive has finally learned that too.

So stop wasting people's time.

I'm a FSC genius. When the hell did you EVER see me endorse or even mention AMFA? Let me tell you something Weaasles, you're losing it . Like I said, consistent. 

 

[WeAAsles]

Weaasles is almost Churchill like, damm. Truly the TWUS finest hour

You don't think the company (Ford Harrison) reads these boards to try and figure out how much support members have for those negotiators?

It's all saved and analyzed. And when the Unions tell the company they have our support its all pulled right out of a briefcase to be thrown in their faces.

Do you really believe they don't use Social Media against us?