Dec 2012 / Jan 2013 US Pilots Labor Discussion

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Mr. Wilder explained that what is being called "vague" is really standard contract language, and that abiguities exist in all contracts.

So then; anything even an untrained layman like myself can see to be extremely vague is simply "standard contract language"..?

No offence Bill, but an equally "valid" arguement could be made that flat tires/engine seizures/transmission failures/etc happen on all types of cars. That doesn't mean I'd ever reasonably have much interest in buying one that's sitting on four flats, leaking transmission fluid like a waterfall, and all the while having smoke coming out of it's engine compartment....just sayin'...

"Mr. Wilder explained..." Equally no offence meant to Mr. Wilder, but the harsh truth is that's just talk. What matters is what's contained or omitted within the instrument it's self, nothing more and nothing less. Can anyone honestly suppose any team of corporate lawyers will care even the slightest for what he or anyone else says now, or will they exclusively reference what is, or is NOT contained and well-specified in the document?
 
Wonder why our stock fell almost 5% today?

NEW YORK (AVAFIN) -- A total of 17 block trades were executed during the market session, typically at least 10,000 shares or more represent a single block unit. Block trading activity shows that $22,065,998 worth of shares were bought and $2,042,038 worth of shares were sold by institutional investors. The positive net cash flow of $20,023,960 into the stock shows that investment houses have positive outlook for shares of US Airways Group.

A closer look at option trading reveals that a total of 53,020 call and 5,756 put contracts were traded yielding a 0.11 put/call ratio.

US Airways is the fifth-largest airline in the United States as measured by available seat miles. The airline has primary hubs in Charlotte and Philadelphia, along with secondary hubs in Phoenix and Las Vegas. The firm has about 3,300 daily flights to more than 200 communities within the U.S., Canada, Latin America, and Europe, operating a mainline fleet of approximately 340 aircraft with nearly 32,000 employees.

Shares of US Airways Group closed at $14.42, down $0.61 (4.06%) in the last trading session. Today's volume of 10M shares is greater than the average volume of 6M shares. LCC is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $6.78 and 52 week high is $15.64.
 
And what you're saying is STUPID. Go cry me a river. If you can do better, why aren't you doing it? The bottom line is, thecompany does as they please. We will do far better facing them as a group of 14,000 than as a group of 3500 whiners that don't even know what they are talking about. I saw the whiners getting shouted down at the roadshow yesterday. If you have your mind made up, so be it. Let folks make up their own mind without the hysterical, emotional rhetoric. There are items that need to be addressed, no doubt about it. It doesn't mean that they won't be.
 
Yep. I sure can't think of anything that could even possibly be a better idea than to arm management with yet a vastly more vague (and subject to "interpretation") instrument than they already have. Seriously....words just fail me here.
Just a guess here but "vague" language is probably the best reasoning you can come up with for not wanting the MOU. I'm pretty sure you have another reason but this is the only one you are willing to communicate. The so called "vague" language has been dealt with and explained ad nauseum but that, to this point, is inadequate for you. I don't think there is anything that would make this better for you. Thanks for staying with the debate but at some point, you have to concede, "I just don't like it".
 
Just a guess here but "vague" language is probably the best reasoning you can come up with for not wanting the MOU. I'm pretty sure you have another reason but this is the only one you are willing to communicate.

Nope. The other objections I have are that it's my earnest belief that far too much is being left at the table that could reasonably be had, and the fact that essentially zero, truly ironclad protections for the US group (east and west) are included. There's nothing there that is at all obscure, nor that I've not communicated as clearly as I possibly can.

A320 Driver: "I don't think there is anything that would make this better for you."..? Are you serious? Address those noted concerns and I'd be a happy camper with an MOU. The only way I can see that happening would be by first voting this offer down, which seems highly unlikely to happen. Oh well. We all vote as we see best to do.

"...but at some point, you have to concede, "I just don't like it"...? If that's what you're replacing logical process with...well...nevermind. Sigh! Good luck to all concerned.
 
Mr. Wilder explained that what is being called "vague" is really standard contract language, and that abiguities exist in all contracts. The cost and intent have been documented, and language will be corrected and addressed as it presents itself. Also, we will do better to stand against management injustice as a group of 14000+ pilots than we will as a group of 3500+.

That's what I recall from the roadshow. Again, my interpretation of what was said. It satisfied me. There are NO 100% foolproff ways to write a contract. If there were, there would no civil court system and a lot fewer wealthy lawyers.

Did Wilder actually say that? Man you guys just can't stop setting yourselves up for the fall!

Did anybody remind him he works for an organization that represents 5400 LCC pilots, not just 3500 east usapa supporting scabs?
 
Wonder why our stock fell almost 5% today?

NEW YORK (AVAFIN) -- A total of 17 block trades were executed during the market session, typically at least 10,000 shares or more represent a single block unit. Block trading activity shows that $22,065,998 worth of shares were bought and $2,042,038 worth of shares were sold by institutional investors. The positive net cash flow of $20,023,960 into the stock shows that investment houses have positive outlook for shares of US Airways Group.

A closer look at option trading reveals that a total of 53,020 call and 5,756 put contracts were traded yielding a 0.11 put/call ratio.

US Airways is the fifth-largest airline in the United States as measured by available seat miles. The airline has primary hubs in Charlotte and Philadelphia, along with secondary hubs in Phoenix and Las Vegas. The firm has about 3,300 daily flights to more than 200 communities within the U.S., Canada, Latin America, and Europe, operating a mainline fleet of approximately 340 aircraft with nearly 32,000 employees.

Shares of US Airways Group closed at $14.42, down $0.61 (4.06%) in the last trading session. Today's volume of 10M shares is greater than the average volume of 6M shares. LCC is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $6.78 and 52 week high is $15.64.

Hate to be a stickler, but stock crap is being discussed elsewhere. Now go prove signals right!
http://www.airlineforums.com/topic/54854-kirby-j-scott-sells-911k-shares-and-3-insider-sales-to-follow/
 
So they explained how the company can be trusted to interpret the vague language in the pilots' favor?

No, they explained how the company wasn't the only party in the negotiations. Much of the things that were hashed out had input from more than 2 of the parties, much from the UCC.

You're a man with higher than normal IQ....go to a roadshow and get the facts. :)
 
Actually the article states Horton might become Chairman of the Board, that leaves Parker as CEO.
 
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