Some people prove the old saw about leading a horse to water but not being able to force him to drink....

So, according to some on this thread, because APA/AMR agreed not to assess any value to the parts of the contract GIVEN to AMR by APA (IMO, as a result of poor planning and negotiating) while PDP correctly stated that this real estate has value...and we estimate it at XXX based on YYY...PDP's numbers are off or PDP is putting out bad data?

For example, from Contract '03;

Loosened RJ50 wraps; APA given no credit. Mike Boyd estimated this to be worth $200M/yr in 2000.

Pilots on reserve lost 1 day off per month. No value for APA on this.

Increased lock-ins after training. No value credited to APA for this.

Permit domestic codeshare. No value to APA's pilots for this.

I could go on and on....but there was a LOT of value from our contract that was given away for FREE because of incompetence, ineptitude or corruption (maybe all three) on the APA leadership's part. These items didn't/won't end up overnight in an SEC document. But they have VALUE, none the less.

Of course, we could continue to look at it like APA's current leaders, who seem to be the type of neighbor next door AMR would just love to have. APA wouldn't gripe if AMR's dog likes using his yard to make a deposit better than it's own or if AMR builds a fence well over on APA's side of the property line. In fact, AMR insists that APA clean up the dog-doo and dig the post holes!

Course when Neighbor #3 (PDP) shows up to tell APA he's getting screwed...well it's amazing who starts raising a stink about what a bad neighbor PDP is!

PDP has done a great job giving a counter-point to the propaganda spewing from AMR/AAPA. If PDP's points weren't so "on the mark", I don't think the little piggy's over at AMR/AAPA would be squealing so loudly...

ADIRU