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- Aug 20, 2002
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This section was in a larger announcement...
Proposed American Eagle Sell-Off Benefits No One
Communications Committee: A week ago, we told you our initial analysis of AMR management's very public announcement of their stated intent to sell off American Eagle (AE) was an empty offer designed only to bolster the sagging stock price. In another indication that our analysis was right on target, we have yet to find anyone who would benefit from an AE divestiture. Even Wall Street has failed to embrace the idea and the stock continues to slide as investors begin to understand how much management has destroyed employee relations, customer service and operational reliability.
Today our brothers and sisters at AE-ALPA issued a press release highlighting how severely customer service would be further adversely affected by an AE sell-off. It also discusses how our scope provisions would further restrict AE operations if it were no longer a wholly owned subsidiary of AMR.
Speaking of scope, last week we also publicized our new scope proposal which simply states ALL flying done by or on behalf of AMR will be performed by pilots on the AA seniority list. To clarify, this proposal is meant to be inclusive, not exclusive. AA pilots, AE pilots, AMR, our customers and our shareholders would all benefit from being one airline. Breaking up the airline will create a more complex and restricted operation and cause further animosity and a more hostile work environment for employees. The benefits of one airline not only include operational and maintenance simplification and efficiency, it also creates happier and more productive employees. Once again, we can count on AMR management to take a path that is in the worst interest of all, so it should not surprise any of us that their proposed AE sell-off would benefit no one.
From all outward appearances at Eagle the company is serious about the divestiture and plans on completing it within the next 6 months or so.
Proposed American Eagle Sell-Off Benefits No One
Communications Committee: A week ago, we told you our initial analysis of AMR management's very public announcement of their stated intent to sell off American Eagle (AE) was an empty offer designed only to bolster the sagging stock price. In another indication that our analysis was right on target, we have yet to find anyone who would benefit from an AE divestiture. Even Wall Street has failed to embrace the idea and the stock continues to slide as investors begin to understand how much management has destroyed employee relations, customer service and operational reliability.
Today our brothers and sisters at AE-ALPA issued a press release highlighting how severely customer service would be further adversely affected by an AE sell-off. It also discusses how our scope provisions would further restrict AE operations if it were no longer a wholly owned subsidiary of AMR.
Speaking of scope, last week we also publicized our new scope proposal which simply states ALL flying done by or on behalf of AMR will be performed by pilots on the AA seniority list. To clarify, this proposal is meant to be inclusive, not exclusive. AA pilots, AE pilots, AMR, our customers and our shareholders would all benefit from being one airline. Breaking up the airline will create a more complex and restricted operation and cause further animosity and a more hostile work environment for employees. The benefits of one airline not only include operational and maintenance simplification and efficiency, it also creates happier and more productive employees. Once again, we can count on AMR management to take a path that is in the worst interest of all, so it should not surprise any of us that their proposed AE sell-off would benefit no one.
From all outward appearances at Eagle the company is serious about the divestiture and plans on completing it within the next 6 months or so.
