Is USAirways hostile takeover Of AA for Real?

[IORFA]

If you think a minority by two to one will win an election for representation, maybe you are nuts! Seriously, what are you smoking? Even former TWA F/A's aren't that crazy.

 

[PITbull]

If you think a minority by two to one will win an election for representation, maybe you are nuts! Seriously, what are you smoking? Even former TWA F/A's aren't that crazy.

When there is bad blood among labor groups, everyone suffers.... the company, the employees, and the passengers. I can promise you as sure as I'm sitting here, USAirways WILL NOT FUND YOUR FROZEN PENSIONS. They will tell you all the bullshit in the world to get you on their side, signed and sealed, and once they drain everything they can so that YOU think you are preserving your pensions, they will take that too.

That's a fact.

YOU ARE JUST LABOR, in their eyes, a dime a dozen, what they hammered in my head when I was at the table. YOU are expendable. They will chew you up and spit you out. This is the managment YOU are dealing with folks.

I am telling you folks with all my heart....work with your managment, use the leverage you need to make the necessary compromises. Use the media, use USAirways managment as YOUR leverage, but don't sign on the .... line to agree to merge with USAirways. American is funding their own BK, unlike all the other legacy BK. It's your company, use some creative strategy and make it work for your members.

 

[PITbull]

If you think a minority by two to one will win an election for representation, maybe you are nuts! Seriously, what are you smoking? Even former TWA F/A's aren't that crazy.

Yea, crazy like foxes, they took all your azzzes to court now didn't they....changed the laws via an amendment now didn't they.

 

[diamondcutter]

I see where this is going Pit , but I think you are doing a discredit to your old co workers at US. Why don't you want AA to merge with US and be a mega carrier and grow with market share? Don't sign don't sign ..what side are you on?

 

[PITbull]

I'm on LABOR's side....that's the only side I know. It's my experience that drives me.

I truly believe that USAirways is using this takeover BS to hammer the USAirways/America West f/as to sign another T/A as soon as possible. They just turned down their T/A in March by 90%. USAirways can not get the financial benefit unless these unions sign to MERGE with joint contract agreements. It's been since 2005.

Did YOU ever hear of a merger in the making that lasted 7 years plus??????? What do you think could be the issue? It's not the two f/a groups, they are all under AFA,

and same with the pilots groups, huge issues...

Putting American into the mix makes these variables much more difficult for all parties. Synergies sound great on paper. USAirways changed THEIR business plans about 6 times since 2001 post and pre 9/11.

USAirways does not have the fortitude,aptitude, business sense to make all these variables fall into place. They are too greedy, and don't care about rapport or sound and balanced relationships with labor. Its just their history that speaks for itself.


If you look at the USAirways stock price, it only started to move up when the AA merger announcement was made at the end of March. Take a look at the graphs. That stock has been in single digits since late 2007 going into 2008. The stock has had a terrible performance.
..
Its also about moving the stock price up...you know "shareholder value"? All the execs are tied to their stock options. Time to cash in as well. That's part of their compensation.

If you care this much, do some research and start thinking about what is happening here.

 

[EastUS1]

I'm on LABOR's side....that's the only side I know. It's my experience that drives me.

USAirways does not have the fortitude,aptitude, business sense to make all these variables fall into place. They are too greedy, and don't care about rapport or sound and balanced relationships with labor. Its just their history that speaks for itself.

....And that's putting it very kindly indeed. I wish all at American the best in this mess....but...placing ANY trust in "Team Tempe" has been well proven to be a fool's errand indeed. Perhaps I've grown "a bit" cynical, but the possibility of all this being contrived just to get their grubbies on American, and subsequently drag all into bankruptcy round 2 in a fairly short time period, if things don't work as they supposedly wish...well...wouldn't be at all surprising.

My best wishes for all concerned in any case.

 

[Frank Szabo]

....And that's putting it very kindly indeed. I wish all at American the best in this mess....but...placing ANY trust in "Team Tempe" has been well proven to be a fool's errand indeed. Perhaps I've grown "a bit" cynical, but the possibility of all this being contrived just to get their grubbies on American, and subsequently drag all into bankruptcy round 2 in a fairly short time period, if things don't work as they supposedly wish...well...wouldn't be at all surprising.

The adage re: things appearing too good to be true may well apply here. Anything the twu embraces without a whimper from the company exceting token resistance probably isn't good for any workers.

 

[BlueStar]

This Deutsche Bank analysis is from May 28[sup]th[/sup], the most comprehensive publicly available analysis I’ve seen with regards to a possible AMR/LCC merger.

This financial research is hosted by TWU…
(page 44 is where it begins to focus on the merger)
http://aa.twu.org/Li...ijQ=&tabid=1494

The small print on the last page of the article is a disclosure from Deutsche Bank and I have quoted it here…

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Ever since I posted this I do not have permission to access my own profile. Can anyone else verify that my profile has not been altered?

 

[diamondcutter]

I'm on LABOR's side....that's the only side I know. It's my experience that drives me.

I truly believe that USAirways is using this takeover BS to hammer the USAirways/America West f/as to sign another T/A as soon as possible. They just turned down their T/A in March by 90%. USAirways can not get the financial benefit unless these unions sign to MERGE with joint contract agreements. It's been since 2005.

Did YOU ever hear of a merger in the making that lasted 7 years plus??????? What do you think could be the issue? It's not the two f/a groups, they are all under AFA,

and same with the pilots groups, huge issues...

Putting American into the mix makes these variables much more difficult for all parties. Synergies sound great on paper. USAirways changed THEIR business plans about 6 times since 2001 post and pre 9/11.

USAirways does not have the fortitude,aptitude, business sense to make all these variables fall into place. They are too greedy, and don't care about rapport or sound and balanced relationships with labor. Its just their history that speaks for itself.


If you look at the USAirways stock price, it only started to move up when the AA merger announcement was made at the end of March. Take a look at the graphs. That stock has been in single digits since late 2007 going into 2008. The stock has had a terrible performance.
..
Its also about moving the stock price up...you know "shareholder value"? All the execs are tied to their stock options. Time to cash in as well. That's part of their compensation.

If you care this much, do some research and start thinking about what is happening here.

I read I watch the stock and know how it works so no need to use caps with me. So, you think this is all a ruse by US just to 'f%^<. with me and my fellow FA 's really? We are a merged airline the merger is done, however we are not one FA group. You know are TA was held hostage because of the pilots. You know we asked for the NMB to step in to hurry things along. Thanks for the aggressive response.

 

[xUT]

Ever since I posted this I do not have permission to access my own profile. Can anyone else verify that my profile has not been altered?

IMHO, the "MODS" have disabled some features until July, See pinned in the water cooler,
B) xUT

 

[BlueStar]

IMHO, the "MODS" have disabled some features until July, See pinned in the water cooler,
B) xUT

Got it, thanks.

 

[700UW]

Need glasses? She didnt use caps, that would be bolding.

 

[PITbull]

I read I watch the stock and know how it works so no need to use caps with me. So, you think this is all a ruse by US just to 'f%^<. with me and my fellow FA 's really? We are a merged airline the merger is done, however we are not one FA group. You know are TA was held hostage because of the pilots. You know we asked for the NMB to step in to hurry things along. Thanks for the aggressive response.

Sorry about that, no offense. I bolden sentences that I think need to be emphasized and often times I use caps to emphasize meaning. Not yelling or anything like that.

I don't mean to come off abrasive or agressive....just came on here to emphasize to labor to do their homework, hire some labor consultants to give you some guidance and advice. I know this is American's first trip to BK and its the toughest element to deal with. Very difficult to negotiate when you have a forceful managment with the gun and a judge that can pull the trigger.

I just believe that if American's managment see themselves backed in a corner, they may take an offer from USAirways and ensure they all leave with parachutes, and as a condition, it may be that they may motion to terminate your pensions.

I know that USAirways will not fund a defined pension plan in any shape or form; whether frozen or not.

 

[diamondcutter]

No worrie pit. Thanks. Wish you were on the NMB

 

[FWAAA]

I just believe that if American's managment see themselves backed in a corner, they may take an offer from USAirways and ensure they all leave with parachutes, and as a condition, it may be that they may motion to terminate your pensions.

I know that USAirways will not fund a defined pension plan in any shape or form; whether frozen or not.

I don't think that will be possible, as AA and the PBGC have already filed their stipulated agreement that AA will not seek to terminate the non-pilot plans. Huge mistake by AA, IMO, but Horton didn't call me and ask me for my advice before agreeing to Josh Gotbaum's outrageous demands.