APA Laughs, Mocks Furloughs and ZTL
11-30-2020, 12:43 AM
#81
Line Holder
Joined APC: Apr 2016
Position: A320 FO
Posts: 97
Originally Posted by ELAC321
No extra stimulus = AA chapter 7 liquidation/ possibly chapter 11 if vaccine causes strong travel rebound
Cares 2.0 stimulus = AA scrapes by/ still possibly enters chapter 11 depending on travel demand
There's a reason AAL stock is down relative to pre-covid evaluations VS any other carrier. It's no question the first airline to fail is going to be AA if things continue.
Cares 2.0 stimulus = AA scrapes by/ still possibly enters chapter 11 depending on travel demand
There's a reason AAL stock is down relative to pre-covid evaluations VS any other carrier. It's no question the first airline to fail is going to be AA if things continue.
11-30-2020, 01:22 AM
#82
Gets Weekends Off
Joined APC: Jul 2012
Posts: 370
Originally Posted by ELAC321
No extra stimulus = AA chapter 7 liquidation/ possibly chapter 11 if vaccine causes strong travel rebound
Cares 2.0 stimulus = AA scrapes by/ still possibly enters chapter 11 depending on travel demand
There's a reason AAL stock is down relative to pre-covid evaluations VS any other carrier. It's no question the first airline to fail is going to be AA if things continue.
Cares 2.0 stimulus = AA scrapes by/ still possibly enters chapter 11 depending on travel demand
There's a reason AAL stock is down relative to pre-covid evaluations VS any other carrier. It's no question the first airline to fail is going to be AA if things continue.
11-30-2020, 04:48 AM
#83
Gets Weekends Off
Joined APC: Jul 2014
Posts: 257
Originally Posted by beancounter
Not sure where you’re getting the idea of liquidation from. Bankruptcy is definitely a possibility. I’d lay odds at 30%. Even if your carrier is able to avoid bankruptcy, sorry to say the paycuts we’d see would probably put downward pressure on your benefits. Hopefully none of the major carriers legacy or non are forced into it.
I mean, who could that one coming?
“Magnum? Le Tigre? Blue Steel? It’s the same look!”
I’ll be honest...legacy Airways and Native American pilots are a match made in heaven.
11-30-2020, 08:24 AM
#84
Gets Weekends Off
Joined APC: Jul 2012
Posts: 370
Originally Posted by acecrackshot
USAir being the perpetual sick man of the Airline industry, whose conniving to save themselves drives down pilot wages and career progression?
I mean, who could that one coming?
“Magnum? Le Tigre? Blue Steel? It’s the same look!”
I’ll be honest...legacy Airways and Native American pilots are a match made in heaven.
I mean, who could that one coming?
“Magnum? Le Tigre? Blue Steel? It’s the same look!”
I’ll be honest...legacy Airways and Native American pilots are a match made in heaven.
Either you're a Deltapilot, FedEx pilot or a hypocrite. Which one is it?
11-30-2020, 10:52 AM
#85
Line Holder
Joined APC: Mar 2018
Position: B787 CA
Posts: 28
You guys do understand that when all the debt and liabilities are added up only $2 billion separates Delta and American. The difference being Delta has about $5 billion more in cash and a lower daily cash burn. That’s strongest to weakest airline. They will outlast us, but we’re all, every airline, really f*%}ed right now. Delta like American ****ed away billions in stock buybacks. United has considerably less debt, but a significant chunk starts coming due about 2 years prior to American’s. At least if American survives this we’ll have a new fleet to show for some of the debt. Delta and United still have to replace the majority of their fleets. You guys crack me up. It’s like standing on a flood plain about to fill up with 20’ deep of water and the 6’3” guy laughing at the guy 6’0”.
11-30-2020, 11:38 AM
#86
Gets Weekends Off
Joined APC: Jan 2017
Posts: 288
Originally Posted by acecrackshot
USAir being the perpetual sick man of the Airline industry, whose conniving to save themselves drives down pilot wages and career progression?
I mean, who could that one coming?
“Magnum? Le Tigre? Blue Steel? It’s the same look!”
I’ll be honest...legacy Airways and Native American pilots are a match made in heaven.
I mean, who could that one coming?
“Magnum? Le Tigre? Blue Steel? It’s the same look!”
I’ll be honest...legacy Airways and Native American pilots are a match made in heaven.
11-30-2020, 11:44 AM
#87
Line Holder
Joined APC: Mar 2018
Position: B787 CA
Posts: 28
Originally Posted by A330FoodCritic
Many pilots became millionaires at US Air, how are you doing?
11-30-2020, 12:53 PM
#88
Eating A Gruben
Thread Starter
Joined APC: Feb 2020
Posts: 1,065
Originally Posted by NorthwestAA
You guys do understand that when all the debt and liabilities are added up only $2 billion separates Delta and American. The difference being Delta has about $5 billion more in cash and a lower daily cash burn. That’s strongest to weakest airline. They will outlast us, but we’re all, every airline, really f*%}ed right now. Delta like American ****ed away billions in stock buybacks. United has considerably less debt, but a significant chunk starts coming due about 2 years prior to American’s. At least if American survives this we’ll have a new fleet to show for some of the debt. Delta and United still have to replace the majority of their fleets. You guys crack me up. It’s like standing on a flood plain about to fill up with 20’ deep of water and the 6’3” guy laughing at the guy 6’0”.
11-30-2020, 01:17 PM
#89
Gets Weekends Off
Joined APC: Jul 2012
Posts: 370
Originally Posted by NorthwestAA
You guys do understand that when all the debt and liabilities are added up only $2 billion separates Delta and American. The difference being Delta has about $5 billion more in cash and a lower daily cash burn. That’s strongest to weakest airline. They will outlast us, but we’re all, every airline, really f*%}ed right now. Delta like American ****ed away billions in stock buybacks. United has considerably less debt, but a significant chunk starts coming due about 2 years prior to American’s. At least if American survives this we’ll have a new fleet to show for some of the debt. Delta and United still have to replace the majority of their fleets. You guys crack me up. It’s like standing on a flood plain about to fill up with 20’ deep of water and the 6’3” guy laughing at the guy 6’0”.
11-30-2020, 03:25 PM
#90
Gets Weekends Off
Joined APC: Jul 2014
Posts: 257
Originally Posted by beancounter
Well, it's a good thing you didn't add America West in there. They never put downward pressure on pilot wages
Either you're a Deltapilot, FedEx pilot or a hypocrite. Which one is it?
Either you're a Deltapilot, FedEx pilot or a hypocrite. Which one is it?
USAir, that group never met a whipsaw they hated as long as it lined their pockets. When the WOs at Airways tried a single seniority list and a single carrier suit, the Airways MEC said they would side with the company. Then, 3 years later came up with Jets for Jobs, and the concept of super seniority.
Otherwise quite the sterling defense of the “Me, First!” style of trade unionism from our APA and USAir brothers are rightfully known.
When the current legacies under bussed the Pan Am, TWA, Braniff and Eastern guys for their career progression, and rejected a national seniority list, the AWs of the world never had a chance. There is a reason F9 went with their own union, and it was bitter experience.
My turn to guess, you were called “Colonel” in your last job?
