US Airways raises $189 mln, warns of costs

[700UW]

US Airways raises $189 mln, warns of costs
Tue Nov 22, 2005 08:25 PM ET

WASHINGTON, Nov 22 (Reuters) - US Airways Group Inc. (LCC.N: Quote, Profile, Research) said on Tuesday it had raised $189 million from a September public stock offering to help finance its operations but warned of significant liabilities from post-merger costs

Click for story

 

[PITbull]

They just had to shell out those Executive and managment raises and salary increases to hold on to all that great talent first month out of BK

Good job, Dougie

 

[delldude]

They just had to shell out those Executive and managment raises and salary increases to hold on to all that great talent first month out of BK

Good job, Dougie

CONTRACT DEJA VU??

 

[Finish or Ignore]

They just had to shell out those Executive and managment raises and salary increases to hold on to all that great talent first month out of BK

Good job, Dougie

The correct terminology is "Talent Retention"

 

[EricLv2Fish]

Sounds like pot stirring to me. Nowhere in the article does it mention concessions. There will be costs involved in serverance to let some people go, and the article failed to mention the cost of moving people. Executives getting a raise...well DP didn't give himself one. Personally I wouldn't want the responsiblity the executives have. Are they overpaid for their positions of responsibility? Last time I checked we still live in a country where those who have drive and determination can get executive jobs, or be whatever they want. Some of us get into situations that throw road blocks into pursuing a dream...some navigate around them, others settle on what they can get. Many executives are people just like us, and some are like those Pitbull and others portray. There are "good" and "bad" people wherever you want to look for them. Are there any good executives in the airline industry? Equally, are there any good union leaders in the industry? Is it a matter of which side of the fence you sit on to how the question is answered? It shouldn't be. Whether you on the left or the right, recognizing there is good and bad on both sides is important in negotiating. Unfortunately it seems not much negotiating is going on. The "conspiracy" theory is getting old. Good grief if the unions can't even partner together how in the world can unions partner with the company that employees their members? How does Southwest do it? Is their management and union leadership that much superior?

 

[PITMTC]

Sounds like pot stirring to me. Nowhere in the article does it mention concessions.

Good point and observation. Welcome to the US/East left wing spin zone.

 

[smmech]

How does Southwest do it? Is their management and union leadership that much superior?
[/quote]
yes!!!!!!!!!!!

The "conspiracy" theory is getting old.

Wake up!!!
This is not the Matrix.
This is not us vs. them.
But we are us and they are them... They may be the same as us, just with more money and power.

 

[UWCactus]

Sounds like pot stirring to me. Nowhere in the article does it mention concessions. There will be costs involved in serverance to let some people go, and the article failed to mention the cost of moving people. Executives getting a raise...well DP didn't give himself one. Personally I wouldn't want the responsiblity the executives have. Are they overpaid for their positions of responsibility? Last time I checked we still live in a country where those who have drive and determination can get executive jobs, or be whatever they want. Some of us get into situations that throw road blocks into pursuing a dream...some navigate around them, others settle on what they can get. Many executives are people just like us, and some are like those Pitbull and others portray. There are "good" and "bad" people wherever you want to look for them. Are there any good executives in the airline industry? Equally, are there any good union leaders in the industry? Is it a matter of which side of the fence you sit on to how the question is answered? It shouldn't be. Whether you on the left or the right, recognizing there is good and bad on both sides is important in negotiating. Unfortunately it seems not much negotiating is going on. The "conspiracy" theory is getting old. Good grief if the unions can't even partner together how in the world can unions partner with the company that employees their members? How does Southwest do it? Is their management and union leadership that much superior?

Thanks Eric, you're right on here, I totally agree with you. As much as I enjoy staying in touch with other industry professionals through this board, there is the risk of allowing the bad blood to sway your own way of thinking. I try not to blame mangement for too many things except in cases where there is a blatent pattern of inefficiency and damage being done to the company. Everyday things that occur within the operation should be directed through the chain of command before the executives take the hit. Though I don't understand the latest increases and find it difficult to handle, I can only assume that the increases were in their contract, and for those at HP, they took on a lot more to manage than what they had previously, therefore, an increase is not out of the question, especially with the differences between east and west salaries through all corporations.

 

[Barbell]

Howdy there, long time lurker, first time responder.

I know you guys at East have been through an awful lot, and I truly sympathize. This article seems to be talking about the current "management" reorganization. First hand I can tell you that former HP non-union, corporate level employees are being let go in droves . And anecdotally I can tell you that same-type employees at former US have been feeling additional pain.

Doug has warned that we will have to right-size the workforce, but we still need the highly skilled union workforce to fix and fly those planes.

This ain't over till the fat lady sings (and we're talking non-represented "professional" folks here). h34r:

 

[AIRWOMAN]

Howdy there, long time lurker, first time responder.

I know you guys at East have been through an awful lot, and I truly sympathize. This article seems to be talking about the current "management" reorganization. First hand I can tell you that former HP non-union, corporate level employees are being let go in droves . And anecdotally I can tell you that same-type employees at former US have been feeling additional pain.

Doug has warned that we will have to right-size the workforce, but we still need the highly skilled union workforce to fix and fly those planes.

This ain't over till the fat lady sings (and we're talking non-represented "professional" folks here). h34r:

As a non-represented employee.........I must add that we still need highly skilled, non union, professionals to support that highly skilled workforce. It takes a wide variety of professionals to keep the planes flying.

 

[delldude]

Sounds like pot stirring to me. Nowhere in the article does it mention concessions.

take some advice from one who's been there.....this is how it usualy starts...
wait about some 18 months...if things aren't better it will get interesting.

Everyday things that occur within the operation should be directed through the chain of command before the executives take the hit.

this was what was wrong at old U in the first place....uppers never got nothing but glowing reports from the front lines and never knew the exact state of affairs most of the time.CYA :down:

 

[PQAKnow-It-All]

Howdy there, long time lurker, first time responder.

I know you guys at East have been through an awful lot, and I truly sympathize. This article seems to be talking about the current "management" reorganization. First hand I can tell you that former HP non-union, corporate level employees are being let go in droves . And anecdotally I can tell you that same-type employees at former US have been feeling additional pain.

Doug has warned that we will have to right-size the workforce, but we still need the highly skilled union workforce to fix and fly those planes.

This ain't over till the fat lady sings (and we're talking non-represented "professional" folks here). h34r:

I had no idea so many management at HP were being let go. Good to know that trimming is going on where it counts.

 

[delldude]

Good to know that trimming is going on where it counts.

happy holidays....maybe the turk will come knocking at your door.

 

[hula-flyguy]

As a non-represented employee.........I must add that we still need highly skilled, non union, professionals to support that highly skilled workforce. It takes a wide variety of professionals to keep the planes flying.

Amen sister girl!

 

[AIRWOMAN]

Amen to you too brother!!