Originally Posted by
johnso29
dragon,
I'm not following the bold text. Did you say essentially because they've been in negotiations for 5 years? That's because they asked for 50% raises, and got laughed at. Even with their current wages, they're well above a lot of other carriers. This is AMR's first trip to BK.
Had to ask some AA guys for clarification, but what they confirmed was in 2003 in order to stave off bankruptcy, Mgmt came to the pilots for $600 Million in concessions and it was granted within a month. The wages weren't imposed by the court like DAL, but rather were self inflicted but BK nonetheless - hence the word essentially.
I have a large group of AA guys in the crashpad here in NYC and get most of that angst related stuff from them. They hate so much about their current company, but like the Pension.