MetalMover
Veteran
- Sep 16, 2013
- 3,543
- 2,410
Was anything said about the poor stock performance?Quite on negotiations from BOD meeting.
but the biggest thing is it's affecting us today from an operating perspective is unfortunately the fact that we are in negotiations with our IAM and TWU represented team members. We're working very hard to get that negotiation to a point where we can deliver to our team what we want to deliver, which is by far the best contract in this industry for all of those team members.
We haven't been able to crack the code to do that. We're now -- the parties are now with National Mediation Board who now has control over those negotiations and is working with us together to try and get through joint collective body agreement.
We are optimistic that will result in a contract, which is what our team deserves. And again, as it relates to that contract, we've communicated a lot to our team and for our shareholders, what you should know is, we have put a contract out there that is superior to any contract that any other airline has in place as proof of that -- as proof point of that.
We have told our team and the unions representing our team that we would happily sign any other contract for these workgroups that's in place, just change the name of the airline to American and we'll happily sign those. That, obviously, is not what they want to do because we have on table is much better than that.
So we will get this done at some point in time or having trouble getting there. And unfortunately, as far as it relates to the operation is, as these negotiations continue, the unions have taken it upon themselves to try and influence those negotiations by orchestrating any legal work actions, it doesn't take many of our team members certainly in the maintenance group to have to get to the point where we don't have enough airplanes ready to fly in the morning.
So our team is fantastic. They're trying to do what they can to make sure that their voices are heard. We -- that's -- but again, under the Railway Labor Act, that activity is illegal. So we've filed a lawsuit against the unions and for a preliminary injunction to stop the illegal behavior that lawsuit is -- should be heard sometime this month and we hope that will have a difference.