Thread: More rumors
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Old 10-24-2017 | 04:51 AM
  #66  
EwrRocks
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Originally Posted by 30west
I wish that all the UAL pilots could have been at the DEN LCA meeting recently and got to hear Kirby and Oscar talk, I'm a 25-year guy and its the most impressed I have ever been, by far by management at UA.

They spoke exactly about all this and Oscar said we will get beat up the next 18 months or so by Wall Street, the analysts, and Investors but he had prepared the board and institutional investors for it.

They both said things we have all said for years, you cant shrink to profitability, Smizek dug a deep hole that we have to fill, you cant give up assets(JFK-LAX), you cant run from a fight with LCCs.

They explained in detail what their plans were I won't repeat in a public forum.

But most of all Kirby explained how his job is to position the airline for the LONG term, its Oscars job to handle Wall Street. Kirby pointed out the analyst get upset when UAL is growing or taking back market share that was lost during the merger when the running of the airline had gone to the back burner.

He said what most of you don't realize is the analyst and the firms they work for DONT JUST OWN UAL STOCK, THEY OWN ALL AIRLINES STOCK INCLUDING LCCs. So if UAL does well at becoming a better, more profitable, more market share airline that means many others will do worse, the Firms don't want that, they want the status quo.

Let's just hope their plans works, it was very well thought out and reasonable IMO. I am more optimistic than ever in my 25 years here.
Perceptive seems to be everything in the context of what we hear.

I'm 10 years here at mainline after having spent almost 10 years at the regional level. I also was fortunate to have been at one of these LCA meetings and heard the talks.

I also heard everything from Kirby you did, but by far the thing that stuck with me was just how bad he wants/needs of scope relaxation. I knew then for sure, what many friends from American were saying about how he does business.

I understand he has a job to do, but so do we as a pilot group and union. Keep the eye on the prize. His prize is 175 RJs and lots more of them.
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