US Pilots Labor Discussion 12/27- OBSERVE THE RULES OF THE BOARD!

[nycbusdriver]

You call pay parity+3% or $120M annually crumbs.

Yes.

Okay, so how much has US made in profits since the Kirby offer was made? How much has US paid in shareholder distributions?

Your point? How much profit have any of the airlines who pay their pilots far in excess of the ludicrous Kirby proposal made? This is the typical AWA mindset: Management is too clueless to make a profit, so let's subsidize them with gutter pay rates. It's your legacy from day one, and, BTW, will continue to be your legacy for many years to come, IMHO.

 

[CallawayGolf]

Yes.



Your point? How much profit have any of the airlines who pay their pilots far in excess of the ludicrous Kirby proposal made? This is the typical AWA mindset: Management is too clueless to make a profit, so let's subsidize them with gutter pay rates. It's your legacy from day one, and, BTW, will continue to be your legacy for many years to come, IMHO.

My point? Forget Doug; forget Scott. The BOD will never approve a pilot contract that can't be paid for out of operating income because that would send the airline into bankruptcy, and the stockholders they represent would lose all their value. This would be a breach of the fiduciary duty they hold so it's beyond pointless to try and negotiate a wage increase that cannot be supported by projected operating income. Please tell me the NAC understands this.

 

[ggiby]

A little fact for ya: The Pacific Ocean contains more water than all the other oceans of the world combined.
ref: Nat'l Geographic

But the Pacific. Ocean has nothing to do with east and West...

SO I rest my case

 

[BoeingBoy]

Hey, I'm just a simple country boy from the back hills.

Not recognizing the difference between the book value of an asset and the income producing capacity of that asset, I agree. Don't worry, though - others have made that same mistake.

Jim

 

[Waketurbulence]

Your point? How much profit have any of the airlines who pay their pilots far in excess of the ludicrous Kirby proposal made? This is the typical AWA mindset: Management is too clueless to make a profit, so let's subsidize them with gutter pay rates. It's your legacy from day one, and, BTW, will continue to be your legacy for many years to come, IMHO.

I disagree with you assessment of the "AWA mindset". Not many West pilots would vote for the kirby proposal that's even close to it's current form. Although I would like to have a chance to vote on a contract that will contain the Nic, I won't vote yes just because it's there. More money, better quality of life and no giveback of current benefits is a requirement for this pilots vote. I have voted NO on every contract that I've had the chance to vote on because I always believed there was more to be had at the table. But until the usapa induced fighting stops, until there is one group of pilots working together trying to gain a better contract for ALL USAirways pilots, and until we force the company to show up and negotiate, there won't be anything to vote on anyway.

Perhaps after the ninth rules, the snapback arbritration is over with , and the east pilots get tired of all the broken promises and realize the only way of getting off of LOA 93 is thru a joint contract, then maybe we can get a leadership team that can bring the pilots together and get what we all deserve...A contract.

 

[Poug Darker]

Not recognizing the difference between the book value of an asset and the income producing capacity of that asset, I agree. Don't worry, though - others have made that same mistake.

Jim

Well, the book value of the 400Million has been written off, so its accounted for value is essentially zero due to the market collapse for these now unmarketable securities.
I concede that the now worthless paper will produce some interest.
However, what would be the income production capacity of 400 million in aircraft? Or just to have that cash on hand.
Seems to me the first BK was helped along in part by Mr Wolf and co. spending a whole bunch of money on stock buybacks, draining the coffers just before 9-11.

Make fun of me if you like, but I know that when I have cash in my pocket, I can spend it on the electric bill or lottery tickets. It was irresponsible for a bunch of lawyers and MBAs to squander that much money, and then they have the nerve to gloss it over and ask for concessions. My BS meter is pegged.
Cheers.

 

[Freighterguynow]

Nic is not going anywhere and its futile to try and push it away for another 3 years. Its time to accept the Nic, clean house, and focus on a contract.

Let's move forward.

The Nic award is a nonstarter.

Get lost.

 

[Metroyet]

The Nic award is a nonstarter.

Get lost.

Care to wager on that?

 

[luvthe9]

Care to wager on that?

How's it working for you so far?

 

[Metroyet]

How's it working for you so far?

Permanent Injunction...working just fine.

 

[BoeingBoy]

Well, the book value of the 400Million has been written off

Wrong - in fact the book value has increased in recent quarters.

will produce some interest.

"Some" is the same interest it has always produced.

However, what would be the income production capacity of 400 million in aircraft? Or just to have that cash on hand.

Since the airline is losing money, it could be said that the income production of additional aircraft would be negative. With interest rates down since the securities were purchased, the interest of "that cash on hand" would most likely be less also.

Seems to me the first BK was helped along in part by Mr Wolf and co. spending a whole bunch of money on stock buybacks

Apples and oranges - stock buybacks do nothing but increase the value of the remaining outstanding stock. As such, no income is produced.

Make fun of me if you like, but I know that when I have cash in my pocket, I can spend it on the electric bill or lottery tickets.

So you don't believe in putting excess cash into interest bearing accounts but put it under your mattress instead?

Jim

 

[UtterlyUdder]

Permanent Injunction...working just fine.

New Posts US Airways
Topics & Discussions relating to US Airways & US Airways Express Carriers
Forum

I can't find oscarjazz' post so I may as well put the above here. The posts on the USAirways forum far exceed those of any other airline. The posts by the Westies far exceed those of the East pilots.

What does that tell you? Fire when ready, Gridley!

 

[cleardirect]

The Nic award is a nonstarter.

Get lost.

This attitude is the problem. We would like to cut loose from the boat anchor that is US Airways. But we can't, we never wanted to get involved with you guys in the first place.

But reality is we are one company now. Everyone is going to have to understand that. The Nicolau is a done deal everyone is going to have to understand that. Once those two FACTS are accepted then we can work together and start making all of our lives better.

Shutting your eyes and holding your breath wishing it would go away is not an option. Wishing that Doug splits the company is not going to make it happen.

It is time to grow up and be big boys and girls.

 

[UtterlyUdder]

New Posts US Airways
Topics & Discussions relating to US Airways & US Airways Express Carriers
Forum

I can't find oscarjazz' post so I may as well put the above here. The posts on the USAirways forum far exceed those of any other airline. The posts by the Westies far exceed those of the East pilots.

What does that tell you? Fire when ready, Gridley!

Ooops! There are 17,412 topics and 390,818 posts on this forum. American is a distant second.

 

[cleardirect]

New Posts US Airways
Topics & Discussions relating to US Airways & US Airways Express Carriers
Forum

I can't find oscarjazz' post so I may as well put the above here. The posts on the USAirways forum far exceed those of any other airline. The posts by the Westies far exceed those of the East pilots.

What does that tell you? Fire when ready, Gridley!

That the east pilots require far more education and correction than any other group of employees at any other airline.