Why I Voted Yes

[Mr Red]

The creditors will impose new work rules and modifications if this POS doesn't pass and they will be worse. Why let the creditors decide our fates?

What the F are u talking about the creditors will impose?They will impose NOTHING !!!
get ur facts straight .WE ARE SURROUNDED BY IDIOTS !!! But we will PREVAIL !!!

 

[AC Tynker]

What he is trying to tell you is the creditors controlling our destiny instead of the AMR Board because the creditors become that board in a sense.

 

[Mr Red]

What he is trying to tell you is the creditors controlling our destiny instead of the AMR Board because the creditors become that board in a sense.

They impose nothing !!!When people get locked and loaded they will understand !

 

[FWAAA]

The unsecured creditors will become the new shareholders as the new stock will be the primary way the unsecured creditors are paid.

Dunno how many of the board members will be replaced. Did the unsecured creditors clean house at US, UA, DL or NW at the conclusion of the Ch 11 cases (when they became the shareholders)?

In any event, management will impose terms. And like it or not, Horton has cleaned house among senior management - he's replaced the top execs as eolesen noted recently.

 

[AC Tynker]

Didn't say they impose Red said they can control our destiny in a sense when you look at the big picture as far as whether they accept what the company officers have come up with as far as them getting their $$ back in laymans terms because I don't really know all the correct lingo, just know what was explained to me.

 

[Mr Red]

Didn't say they impose Red said they can control our destiny in a sense when you look at the big picture as far as whether they accept what the company officers have come up with as far as them getting their $$ back in laymans terms because I don't really know all the correct lingo, just know what was explained to me.

THIS IS NOT A BANKRUPT COMPANY!This is one of those moments in history where people say this is WRONG This is a FARCE,When a company is on the verge of going out of business the employees rally to help their is a reason thats not happening here !

 

[FWAAA]

THIS IS NOT A BANKRUPT COMPANY!This is one of those moments in history where people say this is WRONG This is a FARCE,When a company is on the verge of going out of business the employees rally to help their is a reason thats not happening here !

So AA's labor cost per ASM wasn't higher than the competition? If you don't agree with that, most will claim that you're in a serious case of denial. It's been more than eight months since AA filed its Ch 11 petition, and very few people cling to the belief that AA's costs were in line with the others.

To be clear, AA's AMT hourly wages are at the bottom of the legacy industry, but despite that reality, AA's total labor costs were the highest in the industry. Probably has something to do with the low levels of outsourcing of maintenance (and ramp), along with somewhat low productivity levels of the pilots and flight attendants.

Different opinions are healthy, but labor costs of a corporation are a fact, not an opinion. Insisting that AA's bankruptcy has no legitimate basis is like claiming that the earth isn't round.

 

[Mr Red]

So AA's labor cost per ASM wasn't higher than the competition? If you don't agree with that, most will claim that you're in a serious case of denial. It's been more than eight months since AA filed its Ch 11 petition, and very few people cling to the belief that AA's costs were in line with the others.

To be clear, AA's AMT hourly wages are at the bottom of the legacy industry, but despite that reality, AA's total labor costs were the highest in the industry. Probably has something to do with the low levels of outsourcing of maintenance (and ramp), along with somewhat low productivity levels of the pilots and flight attendants.

Different opinions are healthy, but labor costs of a corporation are a fact, not an opinion. Insisting that AA's bankruptcy has no legitimate basis is like claiming that the earth isn't round.

Just look at the ballance sheets of other major airlines we are in as good or better position !this B/k is unbelievable !!I guess you've never heard that B/k can be profitable .

 

[FWAAA]

Just look at the ballance sheets of other major airlines we are in as good or better position !this B/k is unbelievable !!I guess you've never heard that B/k can be profitable .

I've looked at the balance sheets of UA, DL, AA and US, and AA's balance sheet shows a lot of debt. Other airlines have been paying down their debts with their excess cash (which is easy when you have large profits).

A look at the income statements of those airlines for 2010 and 2011 show that the others made profits, some of them large, while AA continued to lose money with higher labor costs than the others.

Yes, AA showed a small profit for the second quarter. Airlines are frequently more profitable in the second and third quarters and generally not as profitable in the first and forth quarters. Nevertheless, AA's labor costs continue to exceed that of the competiton and will continue to do so until agreements are reached or the contracts are abrogated.

 

[Mr Red]

I've looked at the balance sheets of UA, DL, AA and US, and AA's balance sheet shows a lot of debt. Other airlines have been paying down their debts with their excess cash (which is easy when you have large profits).

A look at the income statements of those airlines for 2010 and 2011 show that the others made profits, some of them large, while AA continued to lose money with higher labor costs than the others.

Yes, AA showed a small profit for the second quarter. Airlines are frequently more profitable in the second and third quarters and generally not as profitable in the first and forth quarters. Nevertheless, AA's labor costs continue to exceed that of the competiton and will continue to do so until agreements are reached or the contracts are abrogated.

B/s and you know it,If we priced everything the same as AA payed over the years for routes and this that and the other, they could pay all creditors and money left for investors. But we have to remember AA loses money on everything or so they say. IMMORAL COMPANY THAT NEEDS TO LIQUIDATE

 

[Overspeed]

The unsecured creditors will become the new shareholders as the new stock will be the primary way the unsecured creditors are paid.

Dunno how many of the board members will be replaced. Did the unsecured creditors clean house at US, UA, DL or NW at the conclusion of the Ch 11 cases (when they became the shareholders)?

In any event, management will impose terms. And like it or not, Horton has cleaned house among senior management - he's replaced the top execs as eolesen noted recently.

And the creditors have a say. AA could agree to give us more however the creditors committee and the judge have to agree to it. Say Bob, JR, and Gary could get what they want and cap specific work, cut the outsourcing percentage lower than 35% and get higher pay in the neighborhood of UA/CO and DL. If the creditors committee shows that there is no way that plan can work than they get to propose their own POR which could result in a merger, AA sold off in pieces, or the industry standard on outsourcing which is 50% outsourcing. Once the exclusivity period is over the creditors takeover and they want their money and damn the employees. They don't care about morale only their money and we have the weakest claim in the eyes of the law.

 

[Overspeed]

THIS IS NOT A BANKRUPT COMPANY!This is one of those moments in history where people say this is WRONG This is a FARCE,When a company is on the verge of going out of business the employees rally to help their is a reason thats not happening here !

We are not talking about liquidation, we are in CH11 and that is reorganization. AA met all the tests of the BK law or it would not be in court. Your definition of BK is irrelevant. AA actually is in better position in court because they entered with more internal cash and did not have to deal with DIP financing where AA has much less latitude to make decisions.

 

[TWU informer]

We are not talking about liquidation, we are in CH11 and that is reorganization. AA met all the tests of the BK law or it would not be in court. Your definition of BK is irrelevant. AA actually is in better position in court because they entered with more internal cash and did not have to deal with DIP financing where AA has much less latitude to make decisions.

Still a NO VOTE

 

[Strake]

THIS IS NOT A BANKRUPT COMPANY!This is one of those moments in history where people say this is WRONG This is a FARCE,When a company is on the verge of going out of business the employees rally to help their is a reason thats not happening here !

It should be there not Their. Just saying. 🙂

 

[AC Tynker]

B/s and you know it,If we priced everything the same as AA payed over the years for routes and this that and the other, they could pay all creditors and money left for investors. But we have to remember AA loses money on everything or so they say. IMMORAL COMPANY THAT NEEDS TO LIQUIDATE

I truly understand and partially agree with where you are coming from, not that I am implying how I feel or think matters to you. Although I totally agree with some of what you and others say AA is making it happen in the courts with shedding the debt that they have been able to shed so far with the bang of a gavel and signatures. There have been innuendos typed here of how to express our strength in the future on the line. All that follows, In My Opinion (< that's for you BUCK) if a legal process is geared toward making the company succeed they could show a hardship and basically dismantle the line so to speak and be able to go outside line outsource percentages until they can make it work for them. Unless all three Unions were to stick together 100% and have the same agenda to fight for what is reasonably right for their respective memberships and the memberships were not TOTALLY! fragmented and unsupportive as ours is then I would defiantly stand my ground defiantly but for that to happen we would need a total Miracle.

I'm sure some will wear their digits out explaining why they wouldn't because of the TWU but I would stake a years pay it wouldn't matter what Union we had in place, the culture we have today does not understand or won't grasp the concept of Unity and in my opinion if you don't have that then you have already lost.