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Yep, and we still have those here who think these guy's are doing one helluva job.http://seekingalpha.com/article/284200-amr-s-equity-still-practically-worthless-merger-will-not-save-airline?source=yahoo
But wait! What about the cornerstone strategy and ATI? Or 2020 plan? Or......
The airline is stagnant, and it is dying.
Yep. What are you doing to prevent that? Saying "that ain't my job" or "full pay to the last day" like some of the others here?
Y'all are heading the way of Pan Am. I am beginning to think there are more people outside AMR who get that than there are inside.
Might be time to start giving a damn about where the next year's paychecks will be coming from than worrying about what you didn't keep in 2003...
Right now, I get the impression you guys are driving in a rainstorm with the wipers off, and more focused on what's in the rear view mirror than you are about the brick wall you're about to slam into.....
Oh, and good luck getting hired on by the airlines who backfill AA. I'd be shocked if there were jobs for more than 20-30% of you. Lots of excess capacity in the domestic market right now...
Painting with a broad brush E,Im frustrated with the degradation of the company and the bunker mentality senior management has more than anything else.
What do I do? The same thing I do every day,meet my flights and turn them on time.
Painting with a broad brush E,Im frustrated with the degradation of the company and the bunker mentality senior management has more than anything else.
What do I do? The same thing I do every day,meet my flights and turn them on time.
It's a valid question Eric.Besides, Jamie didn't have anything snappy to say on the Q2 call.
Jamie Baker said:When enterprises lose money by such a wide margin relative to their peers, one would normally expect a material cost-reduction program and/or aggressive top-line strategy in response. We see neither in the case of AMR.
We cannot reconcile spending incremental capital while failing to earn returns on [the] existing capital base. We think the best thing AMR can do is figure out a way to generate more profitable flying with the current fleet.
Kevin Crissey said:This announcement represents a ton of new capital being put into a failing business model. We hope management is able to reassure the Street that profits are imminent to support this level of expenditure.
... snip
I know a few of you still believe it's all Kabuki and that the airline is hiding profits intentionally. But guys like Kevin and Jamie get paid to see thru all the BS, and they're not pulling any punches...
Jamie's comments on the Q2 results were a little more damning this time around:
and
Kevin Krissey from UBS was just as blunt:
I know a few of you still believe it's all Kabuki and that the airline is hiding profits intentionally. But guys like Kevin and Jamie get paid to see thru all the BS, and they're not pulling any punches...
... and, so be it ... no comments re: the rag articles.To be fair, Frank, the comments quoted above came out before the SEC filings which had more details...
And yes, the irony of that can probably go without further comment.