Originally Posted by blogwth

nitefr8dog

Those are interesting points to think about. You seem to have a lot of insight. What are your thoughts about this current furlough announcement, etc?

I think you've mentioned before that these last couple furlough announcements are probably “management posturing.”

A recent communication from 1224 said ABX management “opened up the books” for them. The 1224 guys seemed convinced that ABX is currently operating at a loss. Of course, losing money for one or two months during an, otherwise, profitable year is not a big deal. Also, a month or two in the red is easier to endure if there is credible evidence that the situation is temporary. That outlook analysis seemed to be missing from the 1224 information.

If you believe ATI management, they've lost anywhere from $8 million to $12 million this year and they haven't even been asked to give any concessions. Of course, that is probably because they are going through this merger process, but that's another story.

I'm trying to understand 1224's position on all this. 1224 seems uncharacteristically concerned about this current round of “posturing.”

Has your opinion change? Do you still think this last furlough announcement was a tactic to squeeze a little more out of the CBA?