AAG reports record Q4/Full year profit
01-27-2015, 03:45 AM
#1
Gets Weekends Off
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Joined APC: Aug 2009
Position: My comfy old Barcalounger
Posts: 115
AAG reports record Q4/Full year profit
https://finance.yahoo.com/news/ameri...120000482.html
Meanwhile, Dougwiser and "Scooter" are gorging themselves on bonus incentives.
Quick, vote yes before "Scooter" sends another letter scolding you for not following the rest of the lemmings off the cliff.
Meanwhile, Dougwiser and "Scooter" are gorging themselves on bonus incentives.
Quick, vote yes before "Scooter" sends another letter scolding you for not following the rest of the lemmings off the cliff.
01-27-2015, 04:20 AM
#4
Gets Weekends Off
Joined APC: Jun 2008
Position: CA
Posts: 483
Originally Posted by CamYZ125
Profit sharing sure would be nice. But, we all better vote yes and stop negotiating and lock in no profit sharing and the other concessions!
01-27-2015, 05:56 AM
#9
Banned
Joined APC: Aug 2014
Position: A320 F/O
Posts: 442
Really upsetting they continue to light money on fire buying back stock.
Think what an impact paying $3 bil down in debt would have.
When the company cries a river about increase labor costs and then buys back $3 bil in stock I get livid.
DAL had higher income than us not including the hedging losses. That's pretty telling. They are also aggressively paying down debt, we are taking on tens of billions.
Huge difference between the companies and how they are managed. Management is using AA as a piggy bank. Same thing happened under Wolfe.
More issuance of debt late last year
http://aviationblog.dallasnews.com/2...tes24630.html/
Think what an impact paying $3 bil down in debt would have.
When the company cries a river about increase labor costs and then buys back $3 bil in stock I get livid.
DAL had higher income than us not including the hedging losses. That's pretty telling. They are also aggressively paying down debt, we are taking on tens of billions.
Huge difference between the companies and how they are managed. Management is using AA as a piggy bank. Same thing happened under Wolfe.
More issuance of debt late last year
http://aviationblog.dallasnews.com/2...tes24630.html/
Last edited by inline five; 01-27-2015 at 06:09 AM.
01-27-2015, 06:06 AM
#10
New Hire
Joined APC: Mar 2011
Posts: 8
Please! Just look at the obvious........
Hi Everyone.....
I've refrained from posting anything about the vote til now. I just can't help myself at this point.
I'm just dumbfounded how ignorant some people are who continue to justify voting yes to this terrible contract proposal. It's very disheartening.
Just look at the numbers! I don't even blame the company at this point. They are doing this to us because WE COLLECTIVELY ALLOW IT!! Division, disunity, "I'm gettin' mine" mentality, folks just looking at the immediate gratification rather than securing better work rules and QOL, etc. Absolutely pathetic........
Managing expectations - this is the key to how the company is shredding away what work rules we have left when they could afford to pay out and realize strong labor/management peace for years to come. Even something as small as min calendar day.... Kirby points to the fact that it might cost $80 million. Whoa! Really? Go back today and read the numbers that are being thrown around in the earnings release. What a ridiculous drop in the bucket something like min calendar day is relative to the gargantuan profits/net income being realized. See - I'm not even mentioning profit sharing because our expectations have been managed to the point where most pilots just assume that's totally out of the question because Parker/Kirby have told us so. Sad......
Fellow pilots - Please, please think about for what you are voting. Yes, it's true, we will not be "given" what we want simply by voting no. BUT, it sends a strong message to the company, allows us to negotiate from a position of higher relative strength a year earlier, and we will still have a decent pay raise next year. The company may even come back sooner if they truly don't want arbitration. If they do, great, if not, I think we can all live with the green book, the pay raise next year, and an arbitration settlement.
Don't sell us down the river! The company is playing us for fools and we are allowing it. Lastly, we are not only letting ourselves and our collective group down if we vote yes to this, we are letting down our fellow pilots elsewhere and their upcoming negotiations, etc. by lowering the bar. What? You don't care....you don't work there? Well......you should! THIS will come back to haunt us when/if we enter negotiations in 2020 (assuming we vote yes). We will have an even steeper hill to climb at that point.
All I'm asking is to look at the obvious, look at what Glass and his folks are successfully doing to us at this point. People always talk doom and gloom about APA and the pilot group as a whole. I would like to point out how impressed I was that the group didn't fold and vote yes for Horton's first offer. It gave me hope that this group can do the right thing when push comes to shove. Let's clear this hurdle one more time.....TOGETHER. Think about the precedent we set now if we vote yes and how many people will suffer as a result...... APA, our collective pilot group, those pilot unions at Delta, United, SW, and elsewhere, and most importantly, you and your families.
VOTE NO and let's live to fight another day!
I've refrained from posting anything about the vote til now. I just can't help myself at this point.
I'm just dumbfounded how ignorant some people are who continue to justify voting yes to this terrible contract proposal. It's very disheartening.
Just look at the numbers! I don't even blame the company at this point. They are doing this to us because WE COLLECTIVELY ALLOW IT!! Division, disunity, "I'm gettin' mine" mentality, folks just looking at the immediate gratification rather than securing better work rules and QOL, etc. Absolutely pathetic........
Managing expectations - this is the key to how the company is shredding away what work rules we have left when they could afford to pay out and realize strong labor/management peace for years to come. Even something as small as min calendar day.... Kirby points to the fact that it might cost $80 million. Whoa! Really? Go back today and read the numbers that are being thrown around in the earnings release. What a ridiculous drop in the bucket something like min calendar day is relative to the gargantuan profits/net income being realized. See - I'm not even mentioning profit sharing because our expectations have been managed to the point where most pilots just assume that's totally out of the question because Parker/Kirby have told us so. Sad......
Fellow pilots - Please, please think about for what you are voting. Yes, it's true, we will not be "given" what we want simply by voting no. BUT, it sends a strong message to the company, allows us to negotiate from a position of higher relative strength a year earlier, and we will still have a decent pay raise next year. The company may even come back sooner if they truly don't want arbitration. If they do, great, if not, I think we can all live with the green book, the pay raise next year, and an arbitration settlement.
Don't sell us down the river! The company is playing us for fools and we are allowing it. Lastly, we are not only letting ourselves and our collective group down if we vote yes to this, we are letting down our fellow pilots elsewhere and their upcoming negotiations, etc. by lowering the bar. What? You don't care....you don't work there? Well......you should! THIS will come back to haunt us when/if we enter negotiations in 2020 (assuming we vote yes). We will have an even steeper hill to climb at that point.
All I'm asking is to look at the obvious, look at what Glass and his folks are successfully doing to us at this point. People always talk doom and gloom about APA and the pilot group as a whole. I would like to point out how impressed I was that the group didn't fold and vote yes for Horton's first offer. It gave me hope that this group can do the right thing when push comes to shove. Let's clear this hurdle one more time.....TOGETHER. Think about the precedent we set now if we vote yes and how many people will suffer as a result...... APA, our collective pilot group, those pilot unions at Delta, United, SW, and elsewhere, and most importantly, you and your families.
VOTE NO and let's live to fight another day!
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