JCBA Negotiations and updates for AA Fleet

[Talos]

AL, the money we received early was very good. I do not give the Association credit for that, sorry.
I'm hoping for shift differential back, my sick days back and the halting of the outsourcing. To be honest, 7 instead of 10 holidays are not a big concern of mine. The new cs policy isn't either although I know for some it's huge. I have never felt the Association could deliver an industry leading contract, because A. Lombardo and Sito do not know what that is, and B. have no leverage even though they stated the combination of the two unions would give them that. As a matter of fact, even today's Jetwire told us it wasn't an industry leading contract but I quote" when those talks conclude, our contractual base pay rates will be industry-leading". Not meeting is frustrating because it's hard to get things done. But you are right, nothing life changing will be on the final JCBA.

It is hard to imagine any major improvements on the final JCBA. The raises were very good. I don't think anyone expects an eye opening deal, which makes you wonder why they meet so infrequently. At any rate I'm glad for the other 2 groups. It will be interesting to see the company earnings next week.

 

[AANOTOK]

It is hard to imagine any major improvements on the final JCBA. The raises were very good. I don't think anyone expects an eye opening deal, which makes you wonder why they meet so infrequently. At any rate I'm glad for the other 2 groups. It will be interesting to see the company earnings next week.

I think earnings are tomorrow.

 

[WeAAsles]

It is hard to imagine any major improvements on the final JCBA. The raises were very good. I don't think anyone expects an eye opening deal, which makes you wonder why they meet so infrequently. At any rate I'm glad for the other 2 groups. It will be interesting to see the company earnings next week.

Actual will be more interesting to hear or read a transcript of the Investors call.

 

[WeAAsles]

I already did W, before you even said "holy crap". So don't talk to me with your worthless dribble, you do not know half as much as you think you do 700. Leave me out of your conversations from this point on.

Wah, wah, wah. Complain, complain, complain.

Don't get your parties in a wad if someone tweeks your nose a little.

 

[CremaDiLimone]

Actually I'm assuming you mean you hope I'm wrong? Parker (The Board of Directors) did take a few steps at matching Delta after they gained more even though contracts were already agreed to. But that looks like it's over now. Flight attendants wanted more and lost and the Pilots are well in the back of the pack now.

When he said in a Town Hall that the leapfrogging has to end at some point, he wasn't blowing smoke. BUT we haven't signed our deals yet.

no...i hope you're right because i don't have dl getting any more wage increases for awhile. you said dl might give them more to match us next april..as you put it.

more for them is more for all.

 

[CremaDiLimone]

You are forgetting one thing, less than 40% at DL got PS, ready reserve did not get PS, and that same group fewer reached top out pay.

so how many thousands of overpaid humans at dl got $28+/hr last year plus a $6k-$7k profit sharing check for last year's wages?

not enough where dl would let them go and hire from the zoo?? i think you're just being argumentative.

if a monkey could do our work, dl has no constrictions and would hire such. a monkey would earn less than a ready reserve hero?

 

[CremaDiLimone]

Wall Street isn't happy with the debt or the margins.

yes, our debt scares a few...yet, parker would ask you, do they (analysts) believe that when delta has to purchase billions in new aircraft, dl will use green stamps and coupons cut out from the sunday paper??

aa also has a much larger cash balance on hand ($4 billion more than dl) and what kills parker is that dl's market cap is about $10.5 billion more than aa.

does anyone believe that dl is worth 45% more than aa? this is why parker is incredulous. in time, with less shares outstanding, aal will be $12 more than dl.

 

[NYer]

yes, our debt scares a few...yet, parker would ask you, do they (analysts) believe that when delta has to purchase billions in new aircraft, dl will use green stamps and coupons cut out from the sunday paper??

aa also has a much larger cash balance on hand ($4 billion more than dl) and what kills parker is that dl's market cap is about $10.5 billion more than aa.

does anyone believe that dl is worth 45% more than aa? this is why parker is incredulous. in time, with less shares outstanding, aal will be $12 more than dl.

Parker can ask and can even point out a few facts concerning the comparisons with other airlines, such as Delta. The bottom line is that unless Wall Street buys into the arguments they still see other airlines as a better investment which makes their stocks go up.

In turn, the current stakeholders in AAL will create pressure to the BOD and the Executive group to do something in order for them to increase the value of the stock. That can create an appeal to lower costs, hold costs or invest billions more in stock buybacks rather than invest in a JCBA.

This doesn't even take into consideration if there is an upward move in oil prices or a downward trend in the economy.

 

[WeAAsles]

Parker can ask and can even point out a few facts concerning the comparisons with other airlines, such as Delta. The bottom line is that unless Wall Street buys into the arguments they still see other airlines as a better investment which makes their stocks go up.

In turn, the current stakeholders in AAL will create pressure to the BOD and the Executive group to do something in order for them to increase the value of the stock. That can create an appeal to lower costs, hold costs or invest billions more in stock buybacks rather than invest in a JCBA.

This doesn't even take into consideration if there is an upward move in oil prices or a downward trend in the economy.

And if Warren Buffett invested in the enterprise after having a meeting with Parker and Buffett is a man who thinks "long term" usually, then maybe Parker is doing something right in his mind?

Anderson over at DL basically told the "short term" vultures to piss off and by Parker's actions (I'm sure with the support of the BOD) I think he's telling these people to piss off too.

Its debatable of course if long term Parker and BOD have the right idea? But many of us will be here to see how it goes?

 

[CremaDiLimone]

the top bananas have addressed the debt:

- our debt is substantially higher because our assets are worth more. the fleet is much younger than anyone else's.

- interest rates are at historically low levels. the debt is manageable.

- aa has apprx. $7 billion in cash in their pocket. some $4.5 billion more than dl.

in relation to the stock valuation in the sector, it's clear that aal is the whipping boy.

 

[NYer]

the top bananas have addressed the debt:

- our debt is substantially higher because our assets are worth more. the fleet is much younger than anyone else's.

- interest rates are at historically low levels. the debt is manageable.

- aa has apprx. $7 billion in cash in their pocket. some $4.5 billion more than dl.

in relation to the stock valuation in the sector, it's clear that aal is the whipping boy.

CEO Doug Parker told analysts that the out-of-contract raises "might surprise or even dismay some of you because it adds costs to the airline."

As of 1000 AAL has lost more than 6% of value down over $3 per share.

 

[WeAAsles]

the top bananas have addressed the debt:

- our debt is substantially higher because our assets are worth more. the fleet is much younger than anyone else's.

- interest rates are at historically low levels. the debt is manageable.

- aa has apprx. $7 billion in cash in their pocket. some $4.5 billion more than dl.

in relation to the stock valuation in the sector, it's clear that aal is the whipping boy.

Thanks Crema.

 

[NYer]

And if Warren Buffett invested in the enterprise after having a meeting with Parker and Buffett is a man who thinks "long term" usually, then maybe Parker is doing something right in his mind?

Anderson over at DL basically told the "short term" vultures to piss off and by Parker's actions (I'm sure with the support of the BOD) I think he's telling these people to piss off too.

Its debatable of course if long term Parker and BOD have the right idea? But many of us will be here to see how it goes?

He's bet wrong in the airlines before.

You've been quoting analysts beliefs AAL would reach $60 since 2013...Hasn't happened. Why? Their revenues weren't up to industry standards and now debt is considered too high. It may pay off in the future, but we're negotiating a JCBA now and must deal with the conditions now.

 

[WeAAsles]

OK, and as of 1000 AAL has lost more than 6% of value down over $3 per share.

And since the Merger the Stock has consistently bounced up and down like a rubber ball. Welcome to the World of investing.

A guy I know bought a Condo and a new Car off of playing just AAL Stock alone. Other people I know pissed away their Equity Shares two seconds after it hit their accounts out of immediate Greed and Fear.

 

[NYer]

And since the Merger the Stock has consistently bounced up and down like a rubber ball. Welcome to the World of investing.

A guy I know bought a Condo and a new Car off of playing just AAL Stock alone. Other people I know pissed away their Equity Shares two seconds after it hit their accounts out of immediate Greed and Fear.

Changing the subject is your specialty.