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The sandcastle's merger kool ade is a bit strong this yearYou will learn that in todays buisness world UsAirways is NOT the ugly girl anymore. Dont take my word for it...watch and learn over the next couple of years....
All sugar and no substance, as usual.The sandcastle's merger kool ade is a bit strong this year
Ok, fair question.. But first you're going to have to put your "Try hard" pants on and follow closely.Labor support will be bought. What is your price?
Mine is a whole lot more than anything Tempe has laid on the table yet.
Cheers.
US Airways could have registered the domain names to begin building websites to announce the merger, advertise the merger, and negotiate directly with the employees similar to what AMR did at www.restructuringamr.com
Seniority:
Get a grip.. After watching you clowns since he Nic award, who in their right mind would want anything to do with you goons?
So, here we are now with my price....
Looking at what would have to be done, the cost of the integration, the cancellation of our orders, and essentially replacing them with your fleet, robbing us of our upgrades and new hire growth, the questionable strength of the combined network that would still be lagging in the NYC and LAX gateways, the senior topped out and much older workgroup LCC would bring to the dance, the questionable DURABILITY of the combined operation....
There ain't enough money out there to get my support.
Period.
Did I miss something??
Ok, fair question.. But first you're going to have to put your "Try hard" pants on and follow closely.
If I were to even consider putting a price on my support for a AA/LCC combination, every other option would have to be off the table. Right now AA has 460 firm order for new aircraft, and another 485 options. The plan being worked on calld for growth. How much of the 20% actually come out in the final plan remains to be seen. Based on the numbers presented and a letter posted yesterday to pilots from the VP of flight, and, conversation with my chief, we're looking at 1500 new captain jobs, and a couple of thousand new hire pilots for attrition and growth. Did you notice my use of the term "new hire"? Do you understand the impact to the bottom line of new hires? Not to mention the fresh boost of enthusiasm that comes with that? No seniority integration, no sub standard network to deal with, etc.
Our 1113c term sheet is nowhere near the 50% pay hit promised by one of your own on this board..
In terms of the "term sheet" and what will most certainly happen (a negotiated agreement) you'll see some onerous things, but mostly movement off of the terms AA would like to see. We're already seeing movement off the pension termination (and the PBGC's vote direction on the creditors committee).
Its not unreasonable to assume that there will be a negotiated settlement. To date, in there industry, there always has been.
Here's Delta's 1113 term vs settlement pages:
http://project7alpha.com/wp1/wp-content/uploads/2012/01/Delta1113_opener_vs._loa_51.pdf
Here's NWA's
http://project7alpha.com/wp1/wp-content/uploads/2012/01/20060413-NWA-ALPA-Across-the-Table-1113c_TA-comparison.pdf
So, if for whatever reason, this POR de-rails, then at the end of the recently extended period of exclusivity, others would be able to submit a plan to the court and creditors. The press is reporting DAL has interest in AA. The universe knows Dougie doesn't know what to do with LCC beyond folding as much of it as he can into another entity, and will make a hostile offer for the company. Who else? Yet to be seen. Surely there will be others.
So, lets fast forward..
All those other options go away. What remains is an offer from Dougie...
Lets look a little closer at that (rumored) 14 billion $$. Where does it come from and in what form? Is it stock in the new company? LCC stock(current market cap 1.1billion)? How does it get financed? How is the debt (uh oh.. debt has to be serviced) Does the new company go private? Each possible scenario raises a lot of questions. -AND- a lot of concerns.
Network strength: There was an article a couple of weeks ago about how Kirby is on a committee to study how LCC can address AA's network deficiencies. Big problem.. What does this mean? Does LCC suggest it should dismantle parts of its own network to build onto AA's network? (Hmmm, we've got shine new jets on the way to do just that, and thank you for paying for an analysis that we can use to cross check our own work with. )
LCC's network works because it is supported with bottom of the market compensation packages. Many comments from analysts and Parker himself stating the same. If LCC cannibalizes its own network to build on AA's that networks revenue generating ability is compromised. One of your own has held up on a couple of occasions that the 13B$ annual revenue generation is something somebody will want. The fatal flaw with that logic is that that 13B in revenue falls off a cliff when you bump up compensation packages. ( and you say "show me the money" ?) Then you have the dependency of RJ's to make that revenue possible. As fuel continues to climb, the LCC network is affected disproportionately to the industry, because three out of five departure are on RJ's.
I'm personally skeptical of how desirable the PHL and CLT hubs would be for AA. I can see Reagan, and what remains in NYC. PHX/LAS? Meh...
Seniority:
Get a grip.. After watching you clowns since he Nic award, who in their right mind would want anything to do with you goons?
So, here we are now with my price....
Looking at what would have to be done, the cost of the integration, the cancellation of our orders, and essentially replacing them with your fleet, robbing us of our upgrades and new hire growth, the questionable strength of the combined network that would still be lagging in the NYC and LAX gateways, the senior topped out and much older workgroup LCC would bring to the dance, the questionable DURABILITY of the combined operation....
There ain't enough money out there to get my support.
Period.
Yea, took all of 4 minutes to type it up..That was a long post. I have spent less time worrying about a merger than it would take to read that post.
"We're not opposed to consolidation in the industry, and I wouldn't rule it out for American as things develop," Horton told the Tribune editorial board Thursday. But the timing is not right, he said.
1. Forget the new aircraft. It's just whitewash. Rule #1 is: If management's lips are moving, you know they are lying. We were promised more airplanes than god could count. We got Repugnant E170s, Mesa CRJ-700s, and Air Wizzer CRJ's. However, no new mainline aircraft that grew the airline. Bottom line: don't believe it until they are parked at the gate. So, along with that, stagnant growth in personnel (no captains seats except for attrition).Ok, fair question.. But first you're going to have to put your "Try hard" pants on and follow closely.
If I were to even consider putting a price on my support for a AA/LCC combination, every other option would have to be off the table. Right now AA has 460 firm order for new aircraft, and another 485 options. The plan being worked on calld for growth. How much of the 20% actually come out in the final plan remains to be seen. Based on the numbers presented and a letter posted yesterday to pilots from the VP of flight, and, conversation with my chief, we're looking at 1500 new captain jobs, and a couple of thousand new hire pilots for attrition and growth. Did you notice my use of the term "new hire"? Do you understand the impact to the bottom line of new hires? Not to mention the fresh boost of enthusiasm that comes with that? No seniority integration, no sub standard network to deal with, etc.
Our 1113c term sheet is nowhere near the 50% pay hit promised by one of your own on this board..
In terms of the "term sheet" and what will most certainly happen (a negotiated agreement) you'll see some onerous things, but mostly movement off of the terms AA would like to see. We're already seeing movement off the pension termination (and the PBGC's vote direction on the creditors committee).
Its not unreasonable to assume that there will be a negotiated settlement. To date, in there industry, there always has been.
Here's Delta's 1113 term vs settlement pages:
http://project7alpha.com/wp1/wp-content/uploads/2012/01/Delta1113_opener_vs._loa_51.pdf
Here's NWA's
http://project7alpha.com/wp1/wp-content/uploads/2012/01/20060413-NWA-ALPA-Across-the-Table-1113c_TA-comparison.pdf
So, if for whatever reason, this POR de-rails, then at the end of the recently extended period of exclusivity, others would be able to submit a plan to the court and creditors. The press is reporting DAL has interest in AA. The universe knows Dougie doesn't know what to do with LCC beyond folding as much of it as he can into another entity, and will make a hostile offer for the company. Who else? Yet to be seen. Surely there will be others.
So, lets fast forward..
All those other options go away. What remains is an offer from Dougie...
Lets look a little closer at that (rumored) 14 billion $$. Where does it come from and in what form? Is it stock in the new company? LCC stock(current market cap 1.1billion)? How does it get financed? How is the debt (uh oh.. debt has to be serviced) Does the new company go private? Each possible scenario raises a lot of questions. -AND- a lot of concerns.
Network strength: There was an article a couple of weeks ago about how Kirby is on a committee to study how LCC can address AA's network deficiencies. Big problem.. What does this mean? Does LCC suggest it should dismantle parts of its own network to build onto AA's network? (Hmmm, we've got shine new jets on the way to do just that, and thank you for paying for an analysis that we can use to cross check our own work with. )
LCC's network works because it is supported with bottom of the market compensation packages. Many comments from analysts and Parker himself stating the same. If LCC cannibalizes its own network to build on AA's that networks revenue generating ability is compromised. One of your own has held up on a couple of occasions that the 13B$ annual revenue generation is something somebody will want. The fatal flaw with that logic is that that 13B in revenue falls off a cliff when you bump up compensation packages. ( and you say "show me the money" ?) Then you have the dependency of RJ's to make that revenue possible. As fuel continues to climb, the LCC network is affected disproportionately to the industry, because three out of five departure are on RJ's.
I'm personally skeptical of how desirable the PHL and CLT hubs would be for AA. I can see Reagan, and what remains in NYC. PHX/LAS? Meh...
Seniority:
Get a grip.. After watching you clowns since he Nic award, who in their right mind would want anything to do with you goons?
So, here we are now with my price....
Looking at what would have to be done, the cost of the integration, the cancellation of our orders, and essentially replacing them with your fleet, robbing us of our upgrades and new hire growth, the questionable strength of the combined network that would still be lagging in the NYC and LAX gateways, the senior topped out and much older workgroup LCC would bring to the dance, the questionable DURABILITY of the combined operation....
There ain't enough money out there to get my support.
Period.
Ok, fair question.. But first you're going to have to put your "Try hard" pants on and follow closely.
If I were to even consider putting a price on my support for a AA/LCC combination, every other option would have to be off the table. Right now AA has 460 firm order for new aircraft, and another 485 options. The plan being worked on calld for growth. How much of the 20% actually come out in the final plan remains to be seen. Based on the numbers presented and a letter posted yesterday to pilots from the VP of flight, and, conversation with my chief, we're looking at 1500 new captain jobs, and a couple of thousand new hire pilots for attrition and growth. Did you notice my use of the term "new hire"? Do you understand the impact to the bottom line of new hires? Not to mention the fresh boost of enthusiasm that comes with that? No seniority integration, no sub standard network to deal with, etc.
Our 1113c term sheet is nowhere near the 50% pay hit promised by one of your own on this board..
In terms of the "term sheet" and what will most certainly happen (a negotiated agreement) you'll see some onerous things, but mostly movement off of the terms AA would like to see. We're already seeing movement off the pension termination (and the PBGC's vote direction on the creditors committee).
Its not unreasonable to assume that there will be a negotiated settlement. To date, in there industry, there always has been.
Here's Delta's 1113 term vs settlement pages:
http://project7alpha.com/wp1/wp-content/uploads/2012/01/Delta1113_opener_vs._loa_51.pdf
Here's NWA's
http://project7alpha.com/wp1/wp-content/uploads/2012/01/20060413-NWA-ALPA-Across-the-Table-1113c_TA-comparison.pdf
So, if for whatever reason, this POR de-rails, then at the end of the recently extended period of exclusivity, others would be able to submit a plan to the court and creditors. The press is reporting DAL has interest in AA. The universe knows Dougie doesn't know what to do with LCC beyond folding as much of it as he can into another entity, and will make a hostile offer for the company. Who else? Yet to be seen. Surely there will be others.
So, lets fast forward..
All those other options go away. What remains is an offer from Dougie...
Lets look a little closer at that (rumored) 14 billion $$. Where does it come from and in what form? Is it stock in the new company? LCC stock(current market cap 1.1billion)? How does it get financed? How is the debt (uh oh.. debt has to be serviced) Does the new company go private? Each possible scenario raises a lot of questions. -AND- a lot of concerns.
Network strength: There was an article a couple of weeks ago about how Kirby is on a committee to study how LCC can address AA's network deficiencies. Big problem.. What does this mean? Does LCC suggest it should dismantle parts of its own network to build onto AA's network? (Hmmm, we've got shine new jets on the way to do just that, and thank you for paying for an analysis that we can use to cross check our own work with. )
LCC's network works because it is supported with bottom of the market compensation packages. Many comments from analysts and Parker himself stating the same. If LCC cannibalizes its own network to build on AA's that networks revenue generating ability is compromised. One of your own has held up on a couple of occasions that the 13B$ annual revenue generation is something somebody will want. The fatal flaw with that logic is that that 13B in revenue falls off a cliff when you bump up compensation packages. ( and you say "show me the money" ?) Then you have the dependency of RJ's to make that revenue possible. As fuel continues to climb, the LCC network is affected disproportionately to the industry, because three out of five departure are on RJ's.
I'm personally skeptical of how desirable the PHL and CLT hubs would be for AA. I can see Reagan, and what remains in NYC. PHX/LAS? Meh...
Seniority:
Get a grip.. After watching you clowns since he Nic award, who in their right mind would want anything to do with you goons?
So, here we are now with my price....
Looking at what would have to be done, the cost of the integration, the cancellation of our orders, and essentially replacing them with your fleet, robbing us of our upgrades and new hire growth, the questionable strength of the combined network that would still be lagging in the NYC and LAX gateways, the senior topped out and much older workgroup LCC would bring to the dance, the questionable DURABILITY of the combined operation....
There ain't enough money out there to get my support.
Period.