Originally Posted by
Wheels up
It was my understanding that part of the arbitration was only to decide the company's ludicrous contention that furloughed pilots count as "employed" pilots as specified in the scope language.
I'd like the company to have back the billion dollars that is squandered on the TWA asset acquisition, but that ain't gonna happen either. I think we're going to have to live with Supp CC, warts and all. I believe that exTWA can bid where ever they like, but they won't enjoy super-seniority like at the protected St. Louis base.
I agree it is ludicrous to contest the floor while claiming furloughed pilots count towards it. Ridiculous.
But, it was only $750 million to acquire $2 bllion worth of airline in TWA, and AA sold TWA's worldspan share for $280 million, AA only really spent a net of $470 million. They'd still be in the same financial predicament now without the TWA acquisition, the only difference would be instead of furloughing mostly TWA pilots you'd have 2500+ junior AA pilots on the street.