AA employees get 4% raises

[700UW]

It has nothing to do based on being conservative or liberal it is a about truthful facts. But since liberal democrats base their votes and business practices on "what feels good emotions" they never understand it.

Then why is Wall Street and the economy typically does better under a democratic administration than a republican one?

 

[Bob Owens]

You tell me?? Tax the shiz out of corporation and watch it relocate to another country and give those people the jobs.

Fine, and tell them to sell their products to them as well. 
 
Our Conservative Government which claims its in favor of Free trade bans people from going to Canada or other countries to get their prescriptions filled so Drug companies here in the US can gouge the crap out of us but then refuses to slap a tarriff on other goods produced with cheap labor under conditions that would be illegal here. So they make it illegal for us to buy our goods elsewhere and they allow Corporations to buy their labor elsewhere. Either we are for free trade or we aren't. If they can buy their labor elsewhere then we should be able to buy what we consume wherever we want as well.  Corporate persons should not be given special privileges beyond those enjoyed by Human persons. This is not what the founding fathers had in mind.   

 

[Bob Owens]

Then why is Wall Street and the economy typically does better under a democratic administration than a republican one?

Why don't workers? Seems to me they have become just different sides of the same coin. Heads the rich win, tails the rest of you lose. 

 

[Bob Owens]

 
Less competition doesn't equal more profits. Good grief.
 
Less costs equal more profits.

Really? That was one of the dumbest things you have said. The fact is both have an impact on profits, it wasn't high costs that hurt the airlines its was suicidal competition that hurt the airlines, in real terms the cost of traveling by air has been in a steady decline, making it accessible pretty much to all and making other forms of long distance travel less affordable or practical. 

 

[Bob Owens]

You just don't get it an you never will because you have no education or a business degree. Less competition equals more profits because businesses aren't undercutting eachother for $$. ALL airlines will be turning profits from now on because the industry has consolidated. This was DP goal from the beginning.when the he merged Awa/US.

Well there are no guarantees that the carriers wont start a fare war and/or produce more capacity and upset the oligopoly they should be profitable. I suspect that just as AA was able to spend $24billion and not show a profit given 5 years they will find a way to spend $50 billion and claim they cant restore our compensation. But yes less competition should enable the carriers to raise prices and earn steady profits. 

 

[Bob Owens]

You dont get it at all.
 
I have plenty of education and experience, but I wont attack you like you have tried to attack me.
 
One war, one crash, one highjacking, one outbreak of a worldwide disease (SARS), remember that, OPEC all effect profits.
 
In the past 20 years, there have been more unprofitable years than profitable.
 
AA, US (twice) DL, NW, UA (in bankruptcy for years, ) CO, all have filed chapter 11, yep the industry is so solid.
 
Maybe you should educate yourself on the history of the industry, its cyclical, always has been and always will be, if it wasnt for chapter 11, you wouldnt even have any of these airlines left in business.
 
More airlines have failed in the past 20 years than have succeeded, and there will always be someone with cash to start an airline to take on the legacies.
 
Can you apply for a loan or a mortgage with the promise to the bank or lender that you will get profit sharing?
 
Nope, its all about cash in hand, and myself and others would rather have a guaranteed wage every week over a promise of profit sharing.

And the 30 years before that profits were small but regular. Airlines made big profits during the worst crisis of the century-WWII. Go away with your fear and doom and gloom. 
 
What changed? -Competition spurred on by deregulation. $69 dollar fares to Florida, etc etc. The last twenty years did not see soaring costs, (except fuel) they saw increased competition. They  deregulated to introduce more competition. 
 
Mortgage? People who came up from Tulsa could even qualify for a lease on an apartment. 
 
What are they saying the Big three should make next year $15 billion? Thats about as solid as it gets, want it any more solid than that get a government job. 

 

[NYer]

Hmm, but you have supported cutting wages and benefits for jobs. Isn't that all part of the same ideology? 

 
Hmmm...when have I said that?
 
That's right, I remember. I haven't.
 
Keep trying to turn attention away from the issues and make it about the person. That in itself sends a clear message of what you're about.

 

[NYer]

Really? That was one of the dumbest things you have said. The fact is both have an impact on profits, it wasn't high costs that hurt the airlines its was suicidal competition that hurt the airlines, in real terms the cost of traveling by air has been in a steady decline, making it accessible pretty much to all and making other forms of long distance travel less affordable or practical. 
 

 
No, not at all. High costs had nothing to do with it. Oh wait! That's right, according to Bob, the airlines didn't go into bankruptcy because of high costs and high debt...that was a clever ploy.
 
It's just a coincidence the legacy airlines are making profits after they come out of BK. It's also a coincidence those cuts is costs are now pressuring the darling of the airline industry, Southwest, to cut what was once their advantage....lower costs.

 

[Bob Owens]

 
 
 
Keep trying to turn attention away from the issues and make it about the person. That in itself sends a clear message of what you're about.

Talk about the pot calling the kettle black.

 

[Bob Owens]

 
No, not at all. High costs had nothing to do with it. Oh wait! That's right, according to Bob, the airlines didn't go into bankruptcy because of high costs and high debt...that was a clever ploy.
 
It's just a coincidence the legacy airlines are making profits after they come out of BK. It's also a coincidence those cuts is costs are now pressuring the darling of the airline industry, Southwest, to cut what was once their advantage....lower costs.

Is it just a coincidence that there were seven major carriers and now there are just four where they control 80% of the capacity? Is it just a coincidence that airfares have steadily risen despite decreased fuel costs?
 
 AA cut labor costs by less than a Billion a year, they are making around $5 billion/year in profits, so even without the labor cost cuts AA would still be making record breaking profits.   
 
The Airlines went BK because it was a way for them to get concessions that they could not get through regular collective bargaining. AA's creditors , except labor, were made 100% whole, even better than whole due to the rise in the value of their equity, the only ones that got screwed was labor, and you helped them do it. 

 

[700UW]

And how much debt does AA have on its books?

 

[WeAAsles]

And how much debt does AA have on its books?

 
Total Cash (mrq): 7.90B

Total Cash Per Share (mrq): 11.01

Total Debt (mrq): 17.09B

http://finance.yahoo.com/q/ks?s=AAL+Key+Statistics

 

[MetalMover]

 
Total Cash (mrq): 7.90B

Total Cash Per Share (mrq): 11.01

Total Debt (mrq): 17.09B
http://finance.yahoo.com/q/ks?s=AAL+Key+Statistics

Don't forget to deduct the $2B they just announced on fleet seats and IFE upgrades. Sans the 4% for everybody of course.

 

[NYer]

Is it just a coincidence that there were seven major carriers and now there are just four where they control 80% of the capacity? Is it just a coincidence that airfares have steadily risen despite decreased fuel costs?
 
 AA cut labor costs by less than a Billion a year, they are making around $5 billion/year in profits, so even without the labor cost cuts AA would still be making record breaking profits. --That's what happens when you cut costs in a bankruptcy from all your creditors and that merger should has a lot to do with the extra revenue and profits. Next time we're in BK, you can use this as an example and try to get everyone to vote no, they can abrogate and then you can get more. =/     (SMHS)
 
The Airlines went BK because it was a way for them to get concessions that they could not get through regular collective bargaining. AA's creditors , except labor, were made 100% whole, even better than whole due to the rise in the value of their equity, the only ones that got screwed was labor, and you helped them do it. --We'll try to re-write bankruptcy laws before the next time we go into a BK, you did say we would be right back there in 5 years. First, let me get started with the NMB rules.

 

[Bob Owens]

 
 
 --That's what happens when you cut costs in a bankruptcy from all your creditors and that merger should has a lot to do with the extra revenue and profits. 
 
 

They cut debt from their other creditors and gave them equity in exchange for that debt, As far as costs we really don't know what the new terms are they they negotiated with Venders.
 

. --We'll try to re-write bankruptcy laws before the next time we go into a BK, you did say we would be right back there in 5 years. 
 

What are you claiming I said now? 
 
It would be good if we had the law rewritten or at least fix how its uniquely applied to airline Unions but it doesn't seen like the people running the Labor movement really care, as long as they don't go for dues check off at least. We know the lawyers don't care, they take millions from companies that claim they are hurting financially.