New LOAs being offered...
#24
#26
Line Holder
Joined APC: Jan 2019
Position: A320 CA
Posts: 80
I think this is good news but worry about the costs the corporation takes on and how it will impact its future. I estimate this will cost about $2b to pay just the retirees assuming 4,000 take it over three years. This is a large cost that won't allow the company to adequately compete against the ULCC's whom I fear will gain a substantial foothold after this. Spirit is by far my largest worry.
I guess what I'm saying is, I worry AA will become what US Airways was...a slowly dying carrier not able to compete due to overburdened costs.
I'm not trying to be negative but I think it's also important to take a bigger picture.
I guess what I'm saying is, I worry AA will become what US Airways was...a slowly dying carrier not able to compete due to overburdened costs.
I'm not trying to be negative but I think it's also important to take a bigger picture.
#27
Gets Weekends Off
Joined APC: Oct 2005
Posts: 900
So for the 55 hr guys, is currency going to be maintained in the sim?
Yes, this is great work by everyone involved, but as mentioned above, what happens when they don't get enough takers. I know what I'd do if I were a 62 yo not sure if I wanted to go to 65, but what about everyone else banking on the next guy volunteering for the 55hr deal?
Yes, this is great work by everyone involved, but as mentioned above, what happens when they don't get enough takers. I know what I'd do if I were a 62 yo not sure if I wanted to go to 65, but what about everyone else banking on the next guy volunteering for the 55hr deal?
#28
Gets Weekends Off
Joined APC: Jun 2014
Posts: 589
I think this is good news but worry about the costs the corporation takes on and how it will impact its future. I estimate this will cost about $2b to pay just the retirees assuming 4,000 take it over three years. This is a large cost that won't allow the company to adequately compete against the ULCC's whom I fear will gain a substantial foothold after this. Spirit is by far my largest worry.
I guess what I'm saying is, I worry AA will become what US Airways was...a slowly dying carrier not able to compete due to overburdened costs.
I'm not trying to be negative but I think it's also important to take a bigger picture.
I guess what I'm saying is, I worry AA will become what US Airways was...a slowly dying carrier not able to compete due to overburdened costs.
I'm not trying to be negative but I think it's also important to take a bigger picture.
#29
#30
AA must genuinely think demand is going to come back, otherwise they'd just furlough outright.
My concern is the cost of this and what it will do for our ability to compete should we make it through.
Anyone 62 and up should have their head examined if they don't take this.
My concern is the cost of this and what it will do for our ability to compete should we make it through.
Anyone 62 and up should have their head examined if they don't take this.
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