AMR

[Crzipilot]

Anyone find it strange that Arpy retired at the same time?

 

[Keroseneuser]

I agree with what you say. Since the multiple BK's at LCC the BK laws have changed. So has the banking industry since the housing crunch.

With globalization of the industry evolving since the last round of bankruptcies I think its safe to say we'll see some new dynamics in play as far as who shows up with interest in the courts.

I hold no false hope that the employees will emerge in good shape after the process... It's gonna be ugly.

When we started on the Bk path we numbered 6400 pilots and 40k plus employees. When the dust cleared we were down to 3400 pilots and AWA/US combined we only have 5400 pilots and 34k ish employees. The combined airlines are not even up to what we were before the gutting.

I truly hope you guys at AA fare better than we did.

 

[jcw]

Anyone find it strange that Arpy retired at the same time?

No that paves the way for a merger - no CEO standing in the way - this is the start of the change

 

[Keroseneuser]

Anyone find it strange that Arpy retired at the same time?

Looks like the same thing we saw here. Standard procedure for exec's now. Take the wad of cash and run. The guy that takes it through BK will most likely take his wad of cash and run as soon as the BK is complete. Just as we saw here.

 

[US Oringinal]

I think it is time for all of us to back off and empathize what the AA folks are going through. For once, please, do not denigrate these folks.

We have been there twice and had bk tossed in our faces daily. Offer help when we can. Otherwise, please, stop with the idiotic comments.

Agree..been there twice myself..not fun. Was responding to some seemingly arrogant comments and some snide remarks about US. Have put up with them for years from AA'ers..just think it's time for them to take a step back and realize that we are all just pawns in this...and that bashing other people's employers does no good.

And yes--I believe very strongly that Parker is going to play his hand.....

 

[AAviator]

BTW..AMR HAS relinquished control......and what pre-BK momentum?? The downward spiral?? Time for a reAAlity check....

Reality check, 460 new jets ordered.. We're taking delivery of two a month now. Within a year, 3/month. After that, late 2012 the 777's start rolling in. Early 2013 the flood gates open on deliveries (260 of them already financed) 7-11/month... Each narrow-body represent a minimum of $50K/month in fuel savings per hull. They (each narrow body) also represent a net addition of 3.3 million$ to the bottom line, each, when reduced mx, increased capacity and revenue are figured in per SEC filings.

oneworld: Air Berlin to join in 2012, new terminals in Berlin and Dusseldorf opening in 2012. BA A380's coming on line soon. JFK terminal expansion with gates 17-30 added.

Shed eagle debt and eagle itself.

Dump a bunch of -80's (painful)

Apply reduced compensation, modified work rules, pension restructuring, job losses/reduced head count.

Look down the road a bit. There's less of a chance of LCC involvement not that I think about it....

That downward spiral you speak of? Take a look in the mirror there sunshine. What's your W2 say?

 

[AAviator]

No that paves the way for a merger - no CEO standing in the way - this is the start of the change

Horton is the CEO now.

 

[jcw]

CNBC is interviewing Bethune - they showed a chart of AMR hubs - it included PHX, CLT and PHL - very fortelling

 

[US Oringinal]

Reality check, 460 new jets ordered.. We're taking delivery of two a month now. Within a year, 3/month. After that, late 2012 the 777's start rolling in. Early 2013 the flood gates open on deliveries (260 of them already financed) 7-11/month... Each narrow-body represent a minimum of $50K/month in fuel savings per hull. They (each narrow body) also represent a net addition of 3.3 million$ to the bottom line, each, when reduced mx, increased capacity and revenue are figured in per SEC filings.

oneworld: Air Berlin to join in 2012, new terminals in Berlin and Dusseldorf opening in 2012. BA A380's coming on line soon. JFK terminal expansion with gates 17-30 added.

Shed eagle debt and eagle itself.

Dump a bunch of -80's (painful)

Apply reduced compensation, modified work rules, pension restructuring, job losses/reduced head count.

Look down the road a bit. There's less of a chance of LCC involvement not that I think about it....

That downward spiral you speak of? Take a look in the mirror there sunshine. What's your W2 say?

B) I truly mean this...Good luck with that!!

 

[USCREW]

Reality check, 460 new jets ordered.. We're taking delivery of two a month now. Within a year, 3/month. After that, late 2012 the 777's start rolling in. Early 2013 the flood gates open on deliveries (260 of them already financed) 7-11/month... Each narrow-body represent a minimum of $50K/month in fuel savings per hull. They (each narrow body) also represent a net addition of 3.3 million$ to the bottom line, each, when reduced mx, increased capacity and revenue are figured in per SEC filings.

oneworld: Air Berlin to join in 2012, new terminals in Berlin and Dusseldorf opening in 2012. BA A380's coming on line soon. JFK terminal expansion with gates 17-30 added.

Shed eagle debt and eagle itself.

Dump a bunch of -80's (painful)

Apply reduced compensation, modified work rules, pension restructuring, job losses/reduced head count.

Look down the road a bit. There's less of a chance of LCC involvement not that I think about it....

That downward spiral you speak of? Take a look in the mirror there sunshine. What's your W2 say?

"We cannot afford to retain all the aircraft currently in the American and American Eagle
fleets at their current rates, and so we have no choice but to make substantial
reductions in the cost of the aircraft which we retain. Moreover, in view of the large
number of aircraft we have on order from Airbus and Boeing, we also seek to accelerate
our fleet renewal strategy and, as a result, we do not require the use of all aircraft
currently in our fleets. Additionally, to conserve our liquidity, subject to the
requirements of the U.S. Bankruptcy Code, during the 60-day Section 1110 period, we
plan to make payments when due of aircraft rent and mortgage principal and interest
payments only on certain aircraft in our fleets." AA

 

[jcw]

Think of all the RJ's that can be removed from service and replaced with jets by eliminating overlapping flights from South East to JFK, BOS, MIA

They could finally shut down STL as well

 

[JFK Fleet Service]

Anyone find it strange that Arpy retired at the same time?

That was simply so he could retire with an "Unblemished Record", after all, AMR didn't file on his watch...

Meanwhile he's already landed a new gig...gotta' love it.

 

[AAviator]

"We cannot afford to retain all the aircraft currently in the American and American Eagle
fleets at their current rates, and so we have no choice but to make substantial
reductions in the cost of the aircraft which we retain. Moreover, in view of the large
number of aircraft we have on order from Airbus and Boeing, we also seek to accelerate
our fleet renewal strategy and, as a result, we do not require the use of all aircraft
currently in our fleets. Additionally, to conserve our liquidity, subject to the
requirements of the U.S. Bankruptcy Code, during the 60-day Section 1110 period, we
plan to make payments when due of aircraft rent and mortgage principal and interest
payments only on certain aircraft in our fleets." AA

Yep. MD80's and some 757's.

 

[BoeingBoy]

I don't know how its going to work out.

Other than the news of AA's bankruptcy filing, that's the truest statement in this thread. A little quiz:

How many big airlines have been acquired while they were in bankruptcy over the last 20 years, a time period when every big airline except AA has been in bankruptcy?

A - 2
B - 3
C - 4
D - 5
E - none of the above

Jim

 

[WorldTraveler]

I think it is time for all of us to back off and empathize what the AA folks are going through. For once, please, do not denigrate these folks.

We have been there twice and had bk tossed in our faces daily. Offer help when we can. Otherwise, please, stop with the idiotic comments.

well said....
.
to Jim's point, BK usually is a PREPARATORY step for a merger... BK allows you to get rid of what doesn't work and resize... but mergers usually happen AFTER BK.
.
Also, whether in BK or after, there are other airlines and investment companies that have deeper pockets and more potential to unlock the value in AA's franchise than US... those who are holding out for US to acquire AA will probably find themselves deeply disappointed.