Somber Report

[USA320Pilot]

Somber Report

ARLINGTON (theHub.com) - A financial analyst commissioned by the Air Line Pilots Association has completed a report assessing the financial issues facing US Airways and making recommendations on the need to negotiate with the company.

The report has been distributed to members of ALPA and has been obtained by many members of the news media, resulting in numerous stories in today's major and local newspapers and by wire services.

US Airways was not involved with the report other than to provide information to the ALPA advisor. The company issued the following statement to the news media:

“The report that ALPA has released to its members reflects the analysis of its principal financial advisor and elaborates on many of the issues we have shared with employees and the negotiators for our respective labor groups. We are not going to comment on the specifics, as the report was prepared for ALPA. But we do concur with the conclusion that it is in the best interests of the company and employees that we quickly reach consensual agreements with all of our labor unions so that we achieve the necessary cost reductions and can fully implement our Transformation Plan.â€￾

 

[USA320Pilot]

Last Concession Stand

Complete Story

Quote:

"If the unions don't agree [to the concessions], the company is going to be in bankruptcy, it's as simple as that," says Ray Neidl, airline analyst with Blaylock & Co. "[The concessions] are very difficult to swallow. It's going to take a big gulp by union leadership to get the rank and file to swallow them. The alternative is bankruptcy and ultimately liquidation. The hardest thing to ask the employees to give up is their pension plans. Their whole future is based on the income they get from the pension plan, and they really feel betrayed if the benefits are cut back. On the other hand, if the company goes into bankruptcy and liquidates, the same thing is going to happen but they won't have jobs. It's probably less than 50-50 [that US Air will survive], because the cuts are so deep and the time is so short. Unless something happens very rapidly, the ballgame is over." (Neidl doesn't own shares of US Airways; Blaylock & Co. doesn't have an investment-banking relationship with the company.)

Respectfully,

USA320pilot

 

[cavalier]

Last Concession Stand

Complete Story

Quote:

"If the unions don't agree [to the concessions], the company is going to be in bankruptcy, it's as simple as that," says Ray Neidl, airline analyst with Blaylock & Co. "[The concessions] are very difficult to swallow. It's going to take a big gulp by union leadership to get the rank and file to swallow them. The alternative is bankruptcy and ultimately liquidation. The hardest thing to ask the employees to give up is their pension plans. Their whole future is based on the income they get from the pension plan, and they really feel betrayed if the benefits are cut back. On the other hand, if the company goes into bankruptcy and liquidates, the same thing is going to happen but they won't have jobs. It's probably less than 50-50 [that US Air will survive], because the cuts are so deep and the time is so short. Unless something happens very rapidly, the ballgame is over." (Neidl doesn't own shares of US Airways; Blaylock & Co. doesn't have an investment-banking relationship with the company.)

Respectfully,

USA320pilot

[post="168536"][/post]​

On the difficult to swallow comment, we the IAM all have Gastro Esophageal Reflux Disease hence exempt from swallowing and therefore you need to look elsewhere for the gold.

 

[Rico]

Their whole future is based on the income they get from the pension plan, and they really feel betrayed if the benefits are cut back. On the other hand, if the company goes into bankruptcy and liquidates, the same thing is going to happen but they won't have jobs

That about sums it up.

Thank you IAM, paint the US logo next to the EAL one on the side of your union HQ.

One goodd thing though, if US goes away, IAM will no longer represent anyone at any major Airline.

Small condolence, but hey, nice to know.

 

[Winglet]

Maybe the IAM and CWA figure there's nothing left to lose. Lakefield's going to get rid of 'em and outsource, regardless if the company survives or not. Maybe the captains would like to take a 40% pay cut this time around.

 

[Oneflyer]

U is going out of business regardless. Even if they do get concessions in September, does that get them through the winter with $50 oil? Probably not. Why would someone loan them money at this point, there is just no saving the company at this point.

 

[wings396]

That about sums it up.

Thank you IAM, paint the US logo next to the EAL one on the side of your union HQ.

One goodd thing though, if US goes away, IAM will no longer represent anyone at any major Airline.

Small condolence, but hey, nice to know.

[post="168547"][/post]​

What about the UA FSA and NW FSA? As a Pilot, you have a chance to move up the ladder with the hope of a decent salary at some point in your career. As for everyone else, this will not be the case. Wage cuts in the 50% range, and a lock on that until 2012 before the mere hope of a raise. Every group outside of the pilots, have already lost as much as they can afford. Once you get below the $25k mark, you are at Povery level if you have to support a Family. There are other jobs out there that will start at or higher than US wants a top scale employee to earn. I know this is not the case for the Pilot group, but don't expect the others to work for Peanuts to keep your career Afloat. EAL and TWA gave and gave and gave, and their companies still went away after all of the givebacks. This is round 3, and don't think they won't be looking for more again next year. Sad, but True.

 

[cavalier]

U is going out of business regardless. Even if they do get concessions in September, does that get them through the winter with $50 oil? Probably not. Why would someone loan them money at this point, there is just no saving the company at this point.

[post="168553"][/post]​

I AGREE 1000%

 

[Rico]

What about the UA FSA and NW FSA?

Exactly, what about em...?

AMFA has found it's success because it concentrates upon the Mechanics. When all is said and done, do you really think that the Mechanics at say... DAL will look unpon what happened at US, and think "wow, glad IAM stood up for the fleet service guys, I want to chance my career on that too..." "where is the card to sign for IAM representation...?"

Yeah, right.

 

[wench]

Amazingly in the not so recent past, millions WERE GIVEN TO 2 Pea Brains....

The company should have consider the future at that time...NOT NOW..

JUST VOTE NO>>>>>I will be for a 3rd and FINAL TIME>>>>>

And a slap in the face on that Chump change buyout!!!

 

[700UW]

That about sums it up.

Thank you IAM, paint the US logo next to the EAL one on the side of your union HQ.

One goodd thing though, if US goes away, IAM will no longer represent anyone at any major Airline.

Small condolence, but hey, nice to know.

[post="168547"][/post]​

Rico, you got a lot of nerve, you would not be flying your brazilian barbie jet if it was not for IAM members and the rest of the company's employees who sacrificed 20,000 jobs and $6 billion over a five year period. And it is IAM represented mechanics that have to constantly fix your barbie jet.

The company is the one who declared war upon the mechanic and related, they violated our contract, not visa versa.

And if you knew anything about the EAL demise it's failure rest clearly on Frank Lorenzo's shoulders, and ALL unions at EAL went on strike, not just the IAM. Frank Lorenzo was barred from EAL by the bankruptcy court and subsequently banned from the airline industry.

So try again. And AMFA at NWA, WN and UA represent cleaners too.

Anything else wrong you want to post?

I suggest you do a bit of research before your post, you are begining to sound like another pilot on this board.

 

[700UW]

That about sums it up.

Thank you IAM, paint the US logo next to the EAL one on the side of your union HQ.

One goodd thing though, if US goes away, IAM will no longer represent anyone at any major Airline.

Small condolence, but hey, nice to know.

[post="168547"][/post]​

Once again you post things you know nothing about, the IAM is the LARGEST union in the airline industry.

The Transportation Department provides the expertise and special services required by workers in the airline and railroad Industries. Under the direction of General Vice President Robert Roach, Jr., the Transportation Department, located at IAM Headquarters, services nearly 140,000 airline and railroad employees.

The IAM is the certified bargaining agent for approximately one hundred fifty (150) agreements covering national air carriers, national service companies, foreign flag carriers, commuters and airline servicing companies in the United States. The IAM also has collective bargaining agreements with fifty seven (57) rail carriers.


So lets see 5,000 less if US goes out of business still leaves 135,000!

 

[unit4clt]

Rico,

Since you seemed compelled to compare EAL with US, lets examine what exactly happened when EAL was ran into the ground by an incompetant MAnagement team.. When the unions refused to go along with management to further lower wages and benefits of the workers....what Happened?????

I'll tell you what happened the wages and benefits of workers at other carriers were preserved...in fact wages and benefits were increasing, and managements at the other carriers were forced to have Good business PLANS.

US management somehow got Labor Leaders to consent to TWO (2) previous consessions to bail out incompetent management. As a result of it being so easy the first two times, RSA and Management thought it would be easy this time. This time I believe will be a little harder due to the fact that so many other Workers at other carriers will be drastically affected by any agreements that may come out of OPENING up the CBA's.

As with EAL, US may go the same route, likewise WAGES and BENEFITS will be PRESERVED for workers in the industry, AND the MANAGEMENTS will be forced to have good business models.

 

[wings396]

But you said the IAM has no presence at ANY MAJOR AIRLINE, and that is FAULSE.
They may not have the MTC, but still represent other work groups.

 

[hammerhead]

how many ships can IAM sink?