PILOTS vote Yes
- Thread starter usairways_vote_NO
- Start date
Congratulations to the pilots - I wish them the best of luck
It's too bad someone had to come on here and start pounding on AA as to how much AA costs are rising and start trashing revenues
If I'm not mistake this thread is about a Yes vote and discussing how it's great for AA to have another contract done
It's too bad someone had to come on here and start pounding on AA as to how much AA costs are rising and start trashing revenues
If I'm not mistake this thread is about a Yes vote and discussing how it's great for AA to have another contract done
WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #35
of course it is good for getting a contract done. I said that.
but the contract or the arbitration will cost AA money.
Parker was planning on paying labor billions in order to get labor approval for the merger; the only part that new AA mgmt. "underestimated" was the impact of competition which also happens to amounts with weakened Latin economies to pretty close to the difference between AA's and other carriers' revenue growth on an annualized basis
one more time, I am happy for AA pilots and hope that DL and UA can help them add to that increase.
but the contract or the arbitration will cost AA money.
Parker was planning on paying labor billions in order to get labor approval for the merger; the only part that new AA mgmt. "underestimated" was the impact of competition which also happens to amounts with weakened Latin economies to pretty close to the difference between AA's and other carriers' revenue growth on an annualized basis
one more time, I am happy for AA pilots and hope that DL and UA can help them add to that increase.
Jacobin777
Senior
FWAAA said:
"Bottom-of-the-industry" is what kept US Airways profitable for a while allowing DP to get AA to merge.
Regardless, I don't want to sound callous or p*** on anyone's parade but paying "top dollar" for basically a "commoditized product" usually doesn't make for the best business case. I do understand (unfortunately) there is basically an oligopoly with AA/UA/DL and AA will probably be profitable for a while. That being said, if my prognostication is correct and we have yet another recession (which as many here know I've been statnig for quite some time), we can see profits vanish rather quickly.
The company line talking point. Whenever you have an individual that has never seen a concession they wouldn't take you hear the line. "You don't like it because you are emotional"bigjets said:
It is amazing how many simpletons will fall for and use the talking points.
A close second is.... "I have evaluated this carefully, and after much thought and consideration"
Sheep
Believe me once you get past the shiny nickel, the pay rate, the company with the bankruptcy era contract will not be having any problems. The pilots are paying for this stipend, Glass and the boys have made sure of that.Jacobin777 said:
"Bottom-of-the-industry" is what kept US Airways profitable for a while allowing DP to get AA to merge.
Regardless, I don't want to sound callous or p*** on anyone's parade but paying "top dollar" for basically a "commoditized product" usually doesn't make for the best business case. I do understand (unfortunately) there is basically an oligopoly with AA/UA/DL and AA will probably be profitable for a while. That being said, if my prognostication is correct and we have yet another recession (which as many here know I've been statnig for quite some time), we can see profits vanish rather quickly.
WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #39
except that there is not an oligopoly because not every carrier is generating the same levels of revenue - which is what oligopolies entail."Bottom-of-the-industry" is what kept US Airways profitable for a while allowing DP to get AA to merge.
Regardless, I don't want to sound callous or p*** on anyone's parade but paying "top dollar" for basically a "commoditized product" usually doesn't make for the best business case. I do understand (unfortunately) there is basically an oligopoly with AA/UA/DL and AA will probably be profitable for a while. That being said, if my prognostication is correct and we have yet another recession (which as many here know I've been statnig for quite some time), we can see profits vanish rather quickly.
the airline industry is highly competitive and AA is seeing more competitive incursion into its markets - as I said they would - than what is occurring at other airlines.
when labor costs are treated as the same across all airlines but revenue is not, it shouldn't take anyone that got past 4th grade math to realize there is a problem.
Airline industry labor wants to see everyone making the same high levels and for each labor group at each company force the other airlines to increase labor rates to the same high levels and see it all increase.
that is oligopolistic control of the labor markets.
that is NOT what is happening in the US airline industry with respect to revenues.
WeAAsles said:
Yes. At least from the perspective of Parker and Kirby, yesterday was surely a monumental day - in the parlance of Wall Street, the combined airline "retired" a great deal of integration-related risk and uncertainty.
AA has, indeed, now secured JCBAs with two of the combined airline's workgroups - and arguably the two most important, because of the sheer numbers (>25,000) in the FAs' case, and because of the criticality and centrality of the CBA to the company's business model (fleet, network/schedule, cost structure, etc.) in the pilots' case. And for better or worse, AA has now secured JCBAs covering these two important work groups that represents a meaningful increase in labor costs (relative to either AA or USAirways pre-merger) but that do not include profit sharing.
Assuming that Parker and Kirby learned their lesson from the last go-around in 2007, and don't massively screw up the major remaining integration milestones - the FF integration and CRS cutover - I agree that AA does appear poised for success going forward. While it's true - and Parker and Kirby say it every chance they get - that several major, risky items remain on the proverbial merger "to do" list, it is nonetheless notable to consider how AA has progressed along the integration timeline - at least in some ways - relative to rivals' mergers, particularly United.
snapthis
Veteran
- Dec 23, 2009
- 4,236
- 6,907
Interesting that STL was over 90%, interesting Miami was 45%, interesting Chicago was over 82%. Yes, all interesting........Hope777 said:
Base
For
Boston
74.8%
Charlotte
65.0%
Chicago
82.7%
Dallas-Fort Worth
66.3%
Los Angeles
73.6%
Miami
45.4%
New York
54.7%
Philadelphia
51.3%
Phoenix
91.2%
San Francisco
81.8%
St. Louis (SLT)
91.9%
Washington, D.C.
64.5%
Total
65.7%
PullUp
Veteran
- May 22, 2010
- 820
- 736
New hires within payscales 1-5, 100% YES. Doubled what they make.snapthis said:
60+ year olds, 100% YES. Fattens their retirement nest egg.
The rest? Over 50% realized the time value of $$. More is better sooner rather than later.
The demographics were there - everyone knew it.
I'm suprised so many voted against it.
snapthis
Veteran
- Dec 23, 2009
- 4,236
- 6,907
Staying on the interesting theme, there were some interesting breakdowns of the vote in the link Hope provided:PullUp said:
http://aviationblog.dallasnews.com/2015/01/american-airlines-captains-liked-new-contract-more-than-first-officers-did.html/
