Bronner Tells Usa Today Bankruptcy Could Occur

cavalier said:
If U does file chapter 7, what happens to the U employees who are already collecting pensions? Anything?
[post="167140"][/post]​

If the pension plans are underfunded, which I believe is the case here, then the plans are distress terminated.
 
700, simple questions to dispute your "facts" Why is management has declared "war" why is it that theres the same people on here complaining, and few at that? Why is it that hundreds of employees a day arent leaving this god forsaken , war ravaged place? Why is it that our customers continue to give great feed back on our customer service as well as on time performance in general? Why, because the majority do not see it in through your set of glasses. Maybe the majority of our employees love their life styles and their life in general? Maybe they understand that this isnt USAIRWAYs alone, could it be industry wide? Is it their pain tolerance is greater than yours or others on this board. Many questions and answers to ponder. No one likes it bud, but your aiming it in the wrong direction my friend!
 
Pilot's Pension
Airbus Farmout
Deicing
GSE
Station closings
Furloughs of pilots done wrong
Involuntary F/A furloghs
CWA severence

Do I need to go on? I am not complaining, I am involved and keep active. Because you and others bury your head in the sand is not my fault.

People do their job, that is why we are still in business, we have adults that work here not children, they do their job to keep the customer coming back despite the actions of management.
 
is it me or every time the good DR speaks to the press at i'm sure what HE thinks he is doing his best to convey the urgency of the situation at hand. i submit for your review the bookings to 8 weeks out from today or the date of the article customers will now actively book away from a failing carrier. looking back over the past 24months you find that the revenue drop off occurred in this time range after the good DR has talked to the press. and guess what during this time guess who steps up to the plate? yet another Mgmt person of interest that says and i quote. look our revenue projections are not being met we must reduce costs further, we are unsure why we missed our estimates."........ are you kidding me?


1. I truely believe Time is the greatest enemy
2. I am in no way sugguesting give it all up nor nothing until judge rules.
3. I am sugguesting that while the "power people" i'm sure are well respected for their combined accomplishments in their own fields. they collectively know bumkis about 1. RUNNING an airline much less managing PEOPLE as assets.


as long as i got the space here a few more thoughts (most of which touched upon in this thread but i will spare you the quote/cut/paste job)

1. UAIR to file BK, if this is the plan its the plan period. Specific dates? yeah right, are they going to do it to "hard ball the unions" no i dont think so. Will it hurt the union position most certainly (think decertification)

2. The biggest problem with UAIR is not cost, it is in fact there is NO PLAN, tell me beyond the catch phrases of the day (downsizing, rightsizing, biggie sizing, de hubing, focus cities, rolling hubs ect...) how are you going to 1. increase either the average fare collected or increase ridership. tell me how you are going to RE-Brand this airline from the " high(est) cost carrier in the Northeast to something else.. anything else." what is your concise collective marketing strategy. surely for the employees "INVESTMENT" these are reasonable questions about OUR ROI. since WE not The RSA are the biggest INVESTORS in the company yet the SMALLEST shareholders.

3. Oil is rising but eventually will peak and retreat, will it go back to 20 a bbl? probably not so what is your plan for this? hint hedging only gets you part of the way there.

4. What are you doing about your competitors? NOT the LCCs but remember the ones you clearly defined (and demanded to be the guage) of COMPOSITE competitors? UAL/DAL/AMR/CAL/NWAC ??? take 1% of thier customers and you wont be worried about JBLU and LUV. part of the plan must be how can We appeal to THIER customers and do a better job or offer a better product than they can?

5. PRICE PRICE PRICE take a lesson from the auto industry, if the traveling public ONLY considered PRICE then Price is all you should market, if that were true then why dont we see the most economical (read here CHEAPEST) cars on our roads? and very few of the more expensive kind? Think of the difference in incomes all accross the USA now think of the different cars, why marketing? they percieve a certain value for the dollars they are spending. if there is no difference then yes price wins. but arent all cars just a means of transport? apparently not. If you cant beat them on price beat them on product.

6. hurry up and settle get an 1113 letter and our group is saved, your group will be raked over coals............ the 1113 letter does not guarentee anything. period.
the judge rules. thats it. what i am saying here is that letter is not a get out of jail free card and should not be treated, looked at or hung in the mirror as such.

7. thier are many brilliant people out there in every position, they see every day things that can make this place better, survive, prosper. Empower them. you don't save a million dollars in one shot, you save a buck a shot a million times. Trust them to do the right thing, almost all the time they will.

8. the industry consolidation. intresting, but because one ex ceo muttered it perhaps 2 sorry dont see it. lets see if i am AMR i want to buy 279 hulls and take what 26000 people on because why? my 100 hulls parked and my 15,000 people are unable to do the job? or because its a great investment, lets see i'm fighting for my life here and you want me to take that money away from my company ok got it....or smartly as one former CEO told me it is much wiser to buy U then dismatle it as opposed to spending 5 times as much bleeding each other dry. (read here a purchase doesnt mean a job elsewhere) food for thought big dogs dont have the dough to do it.

9. Gate space/slots are the value, yep agreed, but of course with slots use it or lose it you pay for it because you want to get first choice at it. other than that they would be redistributed. it then becomes a real estate managment lesson not running an airline lesson.

10. UAIR will fail and the rest of the industry will carry their passengers and improve thier collective earnings such that they can survive. Maybe, but ciites are foolling themselves (as PIT and surrounding areas about to find out) no SWA is not secretly hiding 10 airplanes to bring in the next day basically your town is out service, yes you mind find "cheaper fares" but you will connect everywhere and smaller towns simply will have to drive to bigger cities that support the need for air service.

11. i submit that the worst of airline is CAL. they are not banging the BK drums because it is not an option for them. they will ride it down to dollar 0. they must turn cash flow positive or game over.

12. DAL will continue its present course, if the pilot group says no its court time. right now with the pilots offer DAL does not need the new and improved increased amount (upped due to oil spike) they will "be on the courthouse steps" only to pull back for the remainder of this year

13. AMR becomes the study case they WERE moving in the right direction, OIL sidelined that UAL/DAL pensions will cause something to happen with pensions at AMR if this is done quickly outside of court they will be first to back in black for full year.

14. NWAC extremely interesting case in 1992 the state of MN indicated it would support the airline if the employees capitulated. guess what short story they both agreed and NWAC went from 3000 pilots to 6000 pilots (read here company wide size increase too) hurt by SARS and other items outside US a far east rebound helps them the most, a Decrease in transpacific flights by UAL (further cuts in bk) also helps them they dont need much to go cash flow positive.

bottom line here is this . few companies are focused on next 90-180days others are focused on 5years from now. trick is to make the 180 days and by default you might find yourself leapfrogging others.

i wish all the best during these uprecedented trying times.
 
Javaboy, take a look at Cal's cash balance the past year. They're already cash flow positive by a wide margin. In fact there are wide spread rumors that CAL will be taking over UAIR's LGA terminal very soon.
 
Falco said:
Javaboy, take a look at Cal's cash balance the past year. They're already cash flow positive by a wide margin. In fact there are wide spread rumors that CAL will be taking over UAIR's LGA terminal very soon.
[post="167661"][/post]​


in my post it only reflects my own personal views nothing more nothing less.

i will stand by what i have said
 
At some point, you have to draw a line. If you're never willing to do that, then you might as well decertify the union and go as "at will" employees.

What about next winter when they come back for more concessions and $10.50 an hour tops?

The ALPA Captains are, no doubt, willing to fight to the last CWA'er.
 
Shouldn't somebody tell Bronner to keep his mouth shut about this company going BK? Now he's starting to scare away our customers! I had several mention it to me today while working a flight. Now, they're scared we're gonna stop flying.
 
[post="167379"][/post]​
[/quote]
...the IAM holds the cards to all the different hands....Scabs will only accelerate the demise with jittery passengers booking with more stable carriers.
[post="167416"][/post]​
[/quote]

I'd say your poker hand is Aces over eights. And you seriously misjudge the issue of "jittery passengers" booking away. Most of the traveling public is are looking for the cheapest fares and they don't keep up with the details of airline union/management catfights.

But I will admit that it would only take one smoking black hole to get their attention.
 
vc10 said:
If the pension plans are underfunded, which I believe is the case here, then the plans are distress terminated.
[post="167630"][/post]​

If you mean that the retirees would lose their pensions, this is incorrect. This is where the real purpose of the PBGC comes in to play. The PBGC was created to protect the pensions of people who worked for companies that failed. If US Airways goes Ch. 7 (liquidation) the PBGC would continue the pensions. The only retirees who would lose anything would be those who are drawing a pension in excess of about $45k/year. That is the maximum that PBGC can pay.
 
usfliboi said:
, yet you do the same by your Concession stand is closed view. You and 51% of the of Iam or other unions who vote not to talk, are no better than our management. You are basically taking 49% of those who are willing to risk, take futher cuts, and live a different life with this company out of their control.

Where do you come up with these FAKE percentages?? :blink: This is pure speculation and desperation on your part. From the coworkers I talk to 100% of them want the contract to stay closed until it is amendable on 12-31-08. And if that day never arrives with this company, so be it.
 
  • Thread Starter
  • Thread starter
  • #87
Clue:

Your comments are totally opposite of what Bruce Lakefield said today at the MEC meeting. By the way, I understand the IAM is changing their tune, how can that be? As David Bronner said, the restruturing will go forward "with or without employees."

Hummm....

Respectfully,

USA320Pilot
 
USA320Pilot said:
Clue:

Your comments are totally opposite of what Bruce Lakefield said today at the MEC meeting. By the way, I understand the IAM is changing their tune, how can that be? As David Bronner said, the restruturing will go forward "with or without employees."

Hummm....

Respectfully,

USA320Pilot
[post="167758"][/post]​
By the way, I understand the IAM is changing their tune, how can that be?
let me tell you mister airbus propaganda pilot....the word we are getting from under BRUCE LAKEFIELD'S DESK is that IAM high mucky mucs are going to take U'S offer and show it to the membership and let them see for themselves exactly how devastating the "TRANSFORMATION PLAN" will be to their membership and then let them decide for themselves....whence they have decided...i guess you and your's will be in for a terrible "SELF HELP SUPRISE"
YOU HAVE A GREAT US AIRWAYS DAY,EL CAPITAN! :lol:
 
delldude
Posted Thursday, 02:28 AM

the word we are getting from under BRUCE LAKEFIELD'S DESK is that IAM high mucky mucs are going to take U'S offer and show it to the membership and let them see for themselves exactly how devastating the "TRANSFORMATION PLAN" will be to their membership and then let them decide for themselves....
This best not be true. The membership will not react well to that!
 
USA320Pilot said:
Your comments are totally opposite of what Bruce Lakefield said today at the MEC meeting. By the way, I understand the IAM is changing their tune, how can that be? As David Bronner said, the restruturing will go forward "with or without employees."
Hummm....
Respectfully,
USA320Pilot
[post="167758"][/post]​

There is talk about the IAM meeting with the company ONE TIME ONLY, to get the proposal and show it to the membership to solidify why the contract is closed and will remain closed.

320 you are posting false information once again, will you ever stop?

Your obsession with the IAM is not healthy, or is it that you are scared?
 

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