AA and Labor Negotiations-2020

[bob@las-AA]

C'mon Bob, I never pictured you as the "Sky is falling" type. I have eaten a bit of crow lately (didn't think LUS would keep their medical) so I'm ready to serve a little bit. Keep this comment right next to NYer's as I don't think BK is even on the radar at this point. By the way, Texas BBQ'd crow isn't that bad...🙂

I will gladly help myself to a extra serving of that Texas BBQ crow, but just spitballing here, as we all know Trump used BK as a tool. And using a few quotes from boy wounder (Doug Parker), "as long as I'm here, your pensions are safe", "we will never loose money again", these are the two that stick out in my mind. What better way to get a forward alignment with all the other airlines. Why pay off debits when to can get rid of them in BK and give the rank and file a real hair cut to guarantee that "we will never loose money again". In this day and age, with fake pandemics, market manipulation and big box corps that are allowed to do as they wish, all done under the ruse of, "it's our fiduciary responsibility to maintain the health of the company". I don't think another trip to BK is out the realm of possibility in today's world.

 

[V.O. Reason]

Trump announced UK and Ireland now on the restricted list for flying.
So there goes the LHR flights.
He also stated there could be some domestic restrictions coming
It ain’t over folks.
I now look for the vote to be postponed

 

[robbedagain]

I think we vote but i can see bonus money being delayed. May be other implementation being held back

 

[1986Mekanic]

And yet the association on the TWU side doesn't have a plan on locations for all of us to gather and vote. Hopefully when we get all together in a small room to vote nobody starts coughing and sneezing their butt off.

I'd feel better doing it in the open, Walmart parking lot? Put the 55 gallon oil can with the ballots all the way upwind...

 

[AANOTOK]

I will gladly help myself to a extra serving of that Texas BBQ crow, but just spitballing here, as we all know Trump used BK as a tool. And using a few quotes from boy wounder (Doug Parker), "as long as I'm here, your pensions are safe", "we will never loose money again", these are the two that stick out in my mind. What better way to get a forward alignment with all the other airlines. Why pay off debits when to can get rid of them in BK and give the rank and file a real hair cut to guarantee that "we will never loose money again". In this day and age, with fake pandemics, market manipulation and big box corps that are allowed to do as they wish, all done under the ruse of, "it's our fiduciary responsibility to maintain the health of the company". I don't think another trip to BK is out the realm of possibility in today's world.

Fair enough, Bob. Always liked your perspective, so don’t take that as a shot or negatively.

 

[NYer]

View attachment 15138 I'll save this for that special crow eating event that will end up coming soon.

Please do.

 

[NYer]

for laa, this is all too similar to 9-11. t/a agreed to just prior to 9-11, vote scheduled weeks later. the 'no' people (including myself) became 'yes' people.

the public was afraid to fly and then the anthrax scare (breathe it and die) sealed the deal for a few years until the tsa kinks and fear subsided. that took 2 years.

today, the public needs a treatment, an antiviral for this virus. it's right around the corner. once that fear is alleviated, we'll be back in business.

the volumes and loads are nowhere near the nothing that was going on for months after 9-11. took about 2 years for pax to trickle back.

if an antiviral is approved for use by april, hoping that domestic flying picks up by late may and intl. flying by mid summer.

It'll be longer than that.

 

[NYer]

Does not matter what they gained over the last 5 years. What really matters is what they foresee and predict for the future and they will react for the future not the past.
Not saying AA will file but would not dismiss it if it gets worse at current rate now. Look how much $$$ they had the last time they filed and quickly still paid billions for exec. bonuses as well as purchased a butt load new aircraft and padded some very top exec's pockets.
I honestly hope you don't have to eat crow over this statement by you above, but Parker made a simular stupid statement as well that AA will NEVER lose money again.

They didn't have any unincumbered money in 2011. Another fallacy.

The fact that most still don't understand the reality of 2003 and 2011 leads us to the same but understanding the current situation.

Amazing.

 

[Talos]

There are a number of things mgmt would do before any bankruptcy. Shrinking the airline to start with. Then you have layoffs to cut expenses. This virus situation has yet to unravel so hard to say at this point. Could be the virus gets controlled within a couple of months and the process of returning to normal starts. Could take longer. I doubt mgmt is thinking about bankruptcy at this point as they could lose their control of the airline. They are good at taking advantage of bankruptcy by doing acquisitions. Their record of buying back stock instead of paying down debt is making them look less than stellar as managers with this virus situation. Just have to wait and see.

 

[Rogallo]

American offers Voluntary Leave of Absence Option for 2020

 

[V.O. Reason]

There are a number of things mgmt would do before any bankruptcy. Shrinking the airline to start with. Then you have layoffs to cut expenses. This virus situation has yet to unravel so hard to say at this point. Could be the virus gets controlled within a couple of months and the process of returning to normal starts. Could take longer. I doubt mgmt is thinking about bankruptcy at this point as they could lose their control of the airline. They are good at taking advantage of bankruptcy by doing acquisitions. Their record of buying back stock instead of paying down debt is making them look less than stellar as managers with this virus situation. Just have to wait and see.

Pretty good analysis I would say

 

[dfw gen]

American offers Voluntary Leave of Absence Option for 2020

If you read the guide lines. Fu k them

 

[1986Mekanic]

Its to be expected, they want to see who they can get to leave to mitigate the rif/ and it'll be a force majure when it comes.

 

[swamt]

They didn't have any unincumbered money in 2011. Another fallacy.

The fact that most still don't understand the reality of 2003 and 2011 leads us to the same but understanding the current situation.

Amazing.

Oh we understand fully. We understand how you guys got duped into giving concessions and still went right into BK. Hence the DD thread (Double Dip)
Another issue I was trying to warn about AA was going to file for BK anyway rather they got the concessions agreement or not by the union, they were still going to file, and they did.
Like I posted before, I am not saying they are headed that way again this time. I did say I would not put it pass them though. With all the new countries being added to the list of cancellations, the airlines can't keep paying positions that are not needed, so I feel some furlows and maybe even layoffs might be on the horizon. And that just suks for us in the industry as all of us could feel the affects.

 

[NewHampshire Black Bears]

17 more days until the Mail Man Comes 'A G A I N' !!!!!!!!!