Hey,I`m merely communicating the feelings on the floor. Eric you seem to be an intelligent guy but you can`t resist taking a swipe at us huh?
I'm not taking swipes at you guys. I'm taking swipes at your union leaders -- the blowhards who promised you "restitution & more" and retro. In the case of the TWU, they've failed you repeatedly, by some accounts since 1983.
And yet, you & your peers keep them in power.
This bankruptcy was perhaps unavoidable as far as cleaning up the balance sheet goes, but I'm still a believer that the term sheets could have been averted.
It's unfortunate that nobody, and that includes Arpey et al, was willing to make the tough call in 2003, and nobody had the guts to do anything about it until now.
Y'all have spent the last eight years in denial, worrying about minutae like executive compensation, instead of facing the fact that AA was now the fattest kid on the block.
Bankruptcy is your intervention. Your detox. If you don't get your collective crap together now, it's all over, guys.
This isn't 2003-2005. It's much worse. Jetblue was still growing at the time, and so was Southwest. They're done growing for a while... they may even wind up contracting a bit if fuel prices don't abate.
If you're OK walking away from your house & starting out at the bottom all over again somewhere else, great. You'd better buy something first, because it will be a long three to seven years renting while you wait for a foreclosure to clear from your credit.
Burning it to the ground might sound great, but it's really not going to affect the guys in senior management -- we've already seen Del Valle getting a job with G2 within days of his forced retirement, and Arpey had a job lined up before he resigned. The rest of them will find something or probably have enough of a cushion to float for a while.
The rest of HDQ doesn't have that luxury. There are thousands of analysts, programmers, etc. who never played a part of your grievances against management. Some I worked for, some I hired & promoted. There are dozens for whom we shared weddings, funerals, birthday parties for our kids...
They're effectively screwed, especially those who spent their whole adult life working at an airline, and really don't know a whole lot else. They'll eventually find something, but it will come nowhere close to a replacement income, even post 2003 pay-cuts.
So yes, I'm taking swipes.
It's because I'm pissed.
This isn't just happening to a bunch of faceless people -- this is happening to close friends.
You guys have had plenty of chances, and you've all been too bitter about trying to settle grievances from the past, instead of making sure y'all had jobs five years from know.
It took
both sides working really hard
against each other to fully and truly f**k up the airline Crandall built.
As I said, this is your one chance at detox & intervention.
And instead of trying to look out for what you need five years from now, you've got the union leaders engaging in delay tactics, and apparently still living in the same type of denial that some on this board exhibited up until the point the company actually called their bluff & filed Chapter 11.
Until the union leaders start acting like adults and facing the seriousness of the situation, I'll continue to be pissed.