Packrat

How many quarters in 10 years did VX make a profit? Without Sir Dick's money, VX would have been consigned to the ash heap of aviation 7 years ago. Right beside Presidential, Eastern 2/3, Braniff 2/3, etc.

Not judging, mind you, but you established yourselves by undercutting ALL the Legacy airlines, not just AS. You should be thankful the Anglers don't Swingline you. After all they made a CONCERTED effort to strangle you in your crib.

All Bizniz

Actually KnockKnock, right as I was in the process of writing the post you're referring to, I was again reminded that that was also an option. That's what hindsight allows..

I always had the expectation that VX was gonna be around and I recall that most guys felt the same way....

Now a little history... Towards the end for us, 8 or so years down the road, when VX started to slow growth, defer deliveries, and increase their profits substantially, etc, those who understood finance and business started pointing out (canary in the coal mine) that all this was to fatten the calf for sale and that's when we started debating the issue... But prior to that, the overwhelming majority were in it for the long haul...

av8or

Didn’t you say you’re retired? 😳

All Bizniz

There are many legally creative accounting strategies that can be employed in order to make company seem unprofitable and there are many reasons why it's done such as for tax issues, suppressing labor demands, etc.....

A company does not necessarily have to be profitable to make it worthwhile for investors to stay with it. The company was cash flowing well, and the investors were making money hand over fist with a great ROI....

Packrat

I did. But 24 years AS gives me a bit more insight on how Ange Lake looks at things. I'm not denying that AS pilots have played right into their hands (Kasher, etc.). I always hoped the pilot negotiations would turn around when the new guys reached a majority.

That was dashed when the MEC fell for block representation. That disenfranchised the F/Os in ALL the bases. Now, the only hope is that the VX pilots can turn around the "92%" mentality of the senior SEA pilots.

Work4life

That could be said for about every single airline out there and for that matter, every large corporation. Case in point-USAir comes out of bankruptcy and all of a sudden, billions of $$$ appear from thin air. It then purchased American. Same shady creative accounting is used at Angle Lake, genius. The savvy bean counters know their way around the system just enough to fudge the SEC filings.
Regardless of how much money VX was making hand over fist behind the scenes, none of it matters in the legal scheme of things. The bottom line is VX never showed a profit in the books. To the public's eyes and in our case with the arbitrators, it is just a shell of a company. You all deserve a staple job but thanks to spineless Eskimo ALPA, you are going to once again receive a windfall. You should have all gone the way of Aloha so thank your lucky stars.

CassinAK

Whoa whoa whoa... I started this thread about SCOPE... AKA why we should never vote in any contract that doesn’t havre it. Not to start another ****ing match. We need both sides to come together for the greater good. Who gives a **** what Airline we were at we are all Alaska now. We need to pull together for 2020. Contract Openers are just around the corner.

All Bizniz

Ultimately VX was profitable for a few quarters my friend. Check your facts..

No lucky stars to thank. Most of us are suitably qualified and experienced and in this economy both here and abroad, it is a virtual certainty we would have landed on our feet if VX had gone tits up.

Stapling was out of the question as your MEC had no control to dictate changes to ALPA's merger policy...

I suspect you knew all that but are just choosing to be a flame baiter.. lol

Work4life

Profitable by a very small margin for a few quarters means didlly squat. A couple of quarters in a span of 10 years equate to 0.0X%. The bottom line is that Branson and the BOD left all of you at the door steps of a foster home and fortunately, the foster home was well off enough to adopt you red headed-undesirables.

All Bizniz

Whatever dude.... lol