WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
- 10,662
- Banned
- #106
As if the APFA is going to make a difference whether the airline is viable or not?It’s not only about preserving jobs. It’s about preserving the airline.
Perhaps it’s time to talk turkey with people interested in creating something new.
Frankly, I never took the merger seriously until APFA said that they were behind it. Are they really? Are they only using it as a bargaining chip? I don’t know. AA had their chance and they ran the airline into the ground. Maybe it’s time to talk turkey with US. It’s time to urinate or refrain from using the lav.
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The simple fact is that AA labor is trying to avoid doing the tough work of restructuring the airline - that should have been done years ago to be sure, but no one is going to undo the years of losses and the weakened position AA is in any easier than what AA mgmt has proposed doing w/o reducing the likelihood that the company will be viable long-term.
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Parker is willing to make less cuts in order to win labor - but he is risking the likelihood that the merged airline won't be able to effectively compete against DL, UA, and WN long term anyway.
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The creditors know what it takes for AA - as a standalone or in a merger with US to compete - and they are not going to accept a half-baked solution when there are alternatives that will provide a higher return to the creditors while also ensuring that the airline actually lasts more than a couple years before it ends up in BK again, including AA's own standalone plan.