WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #91
My gut is the FAs will be more inclined to vote no knowing they aren't in the boat by themselves.
Obviously the big questions are how far AA can push and how long the contract would stay in place.
There seems to be some debate about whether AA will need to emerge w/ the terms it imposes (honestly I don't know what is really permitted) but expectations of gaining much back are probably a long shot.
If AA's business plan says they need X amount of savings from labor and they obtain it even temporarily, it will be very hard to convince the creditors that the business plan is valid if they return right back to many of the same cost levels they had before.
It is very possible that BK could drag on alot longer, no one can really demonstrate that they could make a combined AA/XX work to a degree the creditors demand, and then AA's competitors intensify their competitive assaults on AA while they are still in BK.
The strategic and long-termmimplications of what has happened this week are not at all clear.
Obviously the big questions are how far AA can push and how long the contract would stay in place.
There seems to be some debate about whether AA will need to emerge w/ the terms it imposes (honestly I don't know what is really permitted) but expectations of gaining much back are probably a long shot.
If AA's business plan says they need X amount of savings from labor and they obtain it even temporarily, it will be very hard to convince the creditors that the business plan is valid if they return right back to many of the same cost levels they had before.
It is very possible that BK could drag on alot longer, no one can really demonstrate that they could make a combined AA/XX work to a degree the creditors demand, and then AA's competitors intensify their competitive assaults on AA while they are still in BK.
The strategic and long-termmimplications of what has happened this week are not at all clear.