US Airways Confirms It Has Hired M&A Advisors For Possible AMR Takeover

[AAviator]

usa1

total swing and a miss.


http://www.flightglobal.com/news/articles/analysis-american-fleet-plan-unlikely-to-suffer-in-bankruptcy-filing-365402/

 

[AAviator]

This situation bears watching. During the Chrysler bankruptcy, the Obama Administration showed its willingness to reorder the priority of creditors in a way that emphasized politics rather than the rule of law. Watch for the airline employee unions, whose pensions Congress undermined in 2007, to push Washington to squeeze AMR to give them special treatment in bankruptcy.

Instead, Congress should repeal the 2007 law and force airlines to properly fund their pensions going forward. In the case of AMR, the PBGC should back off and say that the law, however unwise, is the law.

http://www.forbes.co...rlines-be-nice/

PBGC Director Josh Gotbaum had this to say:

"Before American takes such a drastic action as killing the pension plans of 130,000 employees and retirees, it needs to show there is no better alternative. Thus far, they have failed to provide even the most basic information to decide that."

http://www.pbgc.gov/...es/pr12-15.html

American Airlines Has Failed to Prove Reasons for Pension Termination

http://www.ai-cio.co...ermination.html

PBGC worthy opponent in AMR bankruptcy fight

http://www.pionline....ankruptcy-fight

PBGC Director Joshua Gotbaum is reminding members of Congress that the airline received several rounds of pension plan funding relief from 2006 to 2011, which allowed the company to make lower pension contributions.

http://www.businessi...7C307%7C77%7C82

Can't fund the pensions .... NO MERGER ... Can't fund the pensions .... NO New Airplanes!

Total swing and a miss..


If public officials do not like AMR’s perfectly legal behavior, they should not have legally authorized it.



http://www.forbes.com/sites/paulroderickgregory/2012/02/06/american-airlines-shows-the-corruption-of-obamas-gm-bailout/

 

[AAviator]

"Chip,
Its obvious to everyone that you want a merger. "


AA,

Please know that he represents/speaks for a tiny % of LCC folk.

FA

Thanks FA, I do understand that..

I'm just calling him out so to speak.

 

[AAviator]

AAviator was referring to the fourth quarter GDP growth, which at 2.8% was "almost 3%."

Yes, for 2011, GDP grew at just 1.7%. However, as the link below shows, the trend was up in each quarter last year:

http://www.bea.gov/newsreleases/national/gdp/gdphighlights.pdf

Thanks FAAA. I should have been more clear.

 

[USA320Pilot]

I believe putting words in another person's mouth is inappropriate.

What I want is for US Airways and all of its stakeholders to prosper: the company's shareholders, customers, and employees alike. If that includes a merger with AMR that benefits the two companies constituents then "yes" I want a merger. If not than I do not want a merger. However, AMR has been unable to deal with its problems to date and I do not want US Airways to merge with AA if the deal is not beneficial to all concerned.

I believe Tom Horton's "formal restructuring" plans are too aggressive, his revenue projections may be too optimistic, employee concessions are significant that could create an ugly S.1113 fight, the company's reorganization is complex (which could require multiple POR extensions), and AA may never be a suitable merger partner for US Airways because the Texas-based company's problems are too deep.

Finally, I believe people who intentionally mispronounce a person's name or break a Forum's rules show a lack of maturity, which they express as an insult. I read a comment that these type of people "hope this disrespect will make you so angry you start fighting about that (the insult) rather than the issue that has them backed up against the ropes."

I believe that is true and a major reason why people pump their chest behind their computer screen and be disrespectful versus baring their sole in public and having a respectful debate.

 

[AAviator]

Just as I thought. Incapable.

 

[AAviator]

Pragmatic:

prag-mat-ic

Adjective:

Dealing with things sensibly and realistically in a way that is based on practical rather than theoretical considerations.

 

[N965VJ]

I believe that is true and a major reason why people pump their chest behind their computer screen and be disrespectful versus baring their sole in public and having a respectful debate.

Okay, in the spirit of full disclosure, here's my sole with a side of tomato relish. Mmmmm, mmmm.

 

[etops1]

Just as I thought. Incapable.

Your such an arrogant #### dude .

 

[Iclubbabyseals]

Because it's industry leading or near industry leading, the time value of money, people getting older, inflation, and scope protections. If it fails what would you do next?

When the company does a side by side industry comparison in front of the NMB what will the mediator do? Release the parties with a democratic administration? Attempt to force US Airways to give up more from a company who had a scant $100 million 2011 profit with energy prices on the way up?

The vote won't effect me either way, but I believe the AFA will be convincing at the road shows because it's not 2000 it's 2012. People are tough guys on the line and they never vote "yes", but at the end of the month when they're looking at their checking account balance "no" votes often become "yes" votes. And, if it's so bad around here why have people not quit and continue to fly at US Airways? Management understands this too...

Sheesh, where do I start?

The FA TA is hardly "industry leading" or even "near". Pay is bankruptcy II, barely adjusted for inflation. Definitely less than the UAL TA. Massive restrictions on reserves. Favoring the west to the exclusion of the east. A concessionary TA for five years when the company is actually making money? Are you kidding us? You sound like Bagdad Bob. Congrats, I think. Wasn't he executed?

The vote will affect you. Voting it in will bar you from the cabin jumpseat, something you might need as you hawk hair plugs in your uniform.

Your hypocrisy seems the least of your problems. Hey, you had a smoke and fume event last year and was the only crew member to refuse medical treatment. Do you still think the smoke and fume events are a "union negotiating tactic"? If so, why did you refuse medical testing? Afraid? Of what?

 

[AAviator]

Perhaps.. Matter of opinion.

I've asked him a very clear question and he went ostrich on me.

Your turn etops1, same question, the elephant in the room... AA has much better options than LCC. Your thoughts? Be pragmatic.

 

[AAviator]

Okay, in the spirit of full disclosure, here's my sole with a side of tomato relish. Mmmmm, mmmm.

Hmmmm makes me hungry!

sole? Ummm sole= flounder...?

flounder

flounder 1 (ˈflaʊndə)

— vb
1. to struggle; to move with difficulty, as in mud
2. to behave awkwardly; make mistakes

 

[etops1]

Perhaps.. Matter of opinion.

I've asked him a very clear question and he went ostrich on me.

Your turn etops1, same question, the elephant in the room... AA has much better options than LCC. Your thoughts? Be pragmatic.

Your Prob right AAviator.AA may have better options other than LCC but right now , I don't see it .I can tell you that DL is not one of them I don't care what WT says. DL will go in there and tear you guys up. I get it that you don't like US. That's fine but you don't have to be so arrogant about the fact that it could be a reality that AA and US could combine with US running the show . I understand our pilot groups have not merged yet and frankly I don't think we will get anywhere with those fools but the shareholders and Wall street could care less because US is making money .Maybe not in the numbers that UA and DL are showing but none the less still profitable which is not what I can say about AA . Your house is in a financial mess right now. Your about to lose 13,000 employees and your pensions. This is no cake walk. and yet, you go around tooting your horn as if AA is this mighty giant that can't be touched by no one. If you think for a minute that Horton won't sell you guys off to US for the right price your crazy. To tell you the truth ,I could care less if we merge with AA or not but to shut you up and throw it your face I cannot wait until they announce that US will be aquiring AA if it ever happens. I understand that not all AA employees are like you . Most of them are hard working individuals who could care less if US steps in or not. Get off your high horse . Your the runt of the litter now. US may be your only chance in keeping AA intact and with it's proud name . You better hope that your management team has a plan in place that the creditors will go for . Because so far , the creditors ain't liking what they are seeing .

 

[Move2CLT]

Your Prob right AAviator.AA may have better options other than LCC but right now , I don't see it .I can tell you that DL is not one of them I don't care what WT says. DL will go in there and tear you guys up. I get it that you don't like US. That's fine but you don't have to be so arrogant about the fact that it could be a reality that AA and US could combine with US running the show . I understand our pilot groups have not merged yet and frankly I don't think we will get anywhere with those fools but the shareholders and Wall street could care less because US is making money .Maybe not in the numbers that UA and DL are showing but none the less still profitable which is not what I can say about AA . Your house is in a financial mess right now. Your about to lose 13,000 employees and your pensions. This is no cake walk. and yet, you go around tooting your horn as if AA is this mighty giant that can't be touched by no one. If you think for a minute that Horton won't sell you guys off to US for the right price your crazy. To tell you the truth ,I could care less if we merge with AA or not but to shut you up and throw it your face I cannot wait until they announce that US will be aquiring AA if it ever happens. I understand that not all AA employees are like you . Most of them are hard working individuals who could care less if US steps in or not. Get off your high horse . Your the runt of the litter now. US may be your only chance in keeping AA intact and with it's proud name . You better hope that your management team has a plan in place that the creditors will go for .

+1

Bravo.

 

[aafsc]

Your Prob right AAviator.AA may have better options other than LCC but right now , I don't see it .I can tell you that DL is not one of them I don't care what WT says. DL will go in there and tear you guys up. I get it that you don't like US. That's fine but you don't have to be so arrogant about the fact that it could be a reality that AA and US could combine with US running the show . I understand our pilot groups have not merged yet and frankly I don't think we will get anywhere with those fools but the shareholders and Wall street could care less because US is making money .Maybe not in the numbers that UA and DL are showing but none the less still profitable which is not what I can say about AA . Your house is in a financial mess right now. Your about to lose 13,000 employees and your pensions. This is no cake walk. and yet, you go around tooting your horn as if AA is this mighty giant that can't be touched by no one. If you think for a minute that Horton won't sell you guys off to US for the right price your crazy. To tell you the truth ,I could care less if we merge with AA or not but to shut you up and throw it your face I cannot wait until they announce that US will be aquiring AA if it ever happens. I understand that not all AA employees are like you . Most of them are hard working individuals who could care less if US steps in or not. Get off your high horse . Your the runt of the litter now. US may be your only chance in keeping AA intact and with it's proud name . You better hope that your management team has a plan in place that the creditors will go for . Because so far , the creditors ain't liking what they are seeing .

AA does in fact have much better options than LCC like B6, Alaska, and yes DL. US has an inferior route structure, inferior fleet, and inferior premium service compared to AA. US is the trailer park where AA is Buckingham palace. US would be TWA all over again. In fact, it is a carbon copy. Yes, we are in CH-11 but you were twice and have had by far the lowest compensation and the worst work rules among the majors for YEARS. Some US employees make the same as regional employees. Even now we still are amongst the highest paid with excellent benefits with the best scope and work rules with a pension and retiree medical. Yes, we will soon take a huge hit but AA does not want to reduce the rate of pay. If AA had US's labor costs AA would have made billions in profits. AA was able to hold out for 5 years before filing. US came close to liquidating and the only they didn't was because you agreed to work for nothing, thanks for lowering the bar and then having the nerve to rub AA's bankruptcy in the face of it's employees. Most US employees yearn for a merger because they know that their route system and widebody deficient fleet are crap and want to parasitically attach themselves to another airline with a substantail international presence and widebody rich fleet in order to "fix" their putrid careers at the expense of another airlines' employee group. Many US employees have even acknowledged on these boards that US can't afford to give a better contract because of it's limitations but have stated that a merger with AA will allow the combined entity to give them substantial increases basically admitting they would be parasites. Sorry but AA revenues are for nAAtives and nAAtives only. We don't want to give the fruits of our labor via OUR assets to US employees. TWA is one reason why AA is where it is now and combining AA with US would land the "new AA" in bankruptcy again.