AMR Files For Bankruptcy
11-30-2011 | 12:48 PM
#261
On Reserve
Joined: Jan 2010
Posts: 17
Likes: 0
From: Left seat hauling trash
Since Our company uses Sabre to book our flights (and I think it was negative for AA in the long-term to have sold Sabre).
cliff
SYD[/QUOTE]
This reminds me of TWA and Pan Am. It took them years to bleed to death. All the while, they both sold off their most valuable assets to provide cash for their everyday survival. Over the years, AMR has sold off Sabre and Beacon for nice chunks of cash. They tried to sell off Eagle, but had no luck.
cliff
SYD[/QUOTE]
This reminds me of TWA and Pan Am. It took them years to bleed to death. All the while, they both sold off their most valuable assets to provide cash for their everyday survival. Over the years, AMR has sold off Sabre and Beacon for nice chunks of cash. They tried to sell off Eagle, but had no luck.
11-30-2011 | 08:43 PM
#263
Gets Weekends Off
Joined: Jun 2009
Posts: 161
Likes: 1
Yeah, it saddens me to see what this incompetent management has done to this once proud airline. A lot of that was simply trying to boost the stock price temporarily. They were actually not in dire straits when they sold those off.
12-01-2011 | 02:00 AM
#264
Feeling blessed.
Joined: Feb 2005
Posts: 571
Likes: 10
From: Happily coasting in the left seat until it ends.
This reminds me of TWA and Pan Am. It took them years to bleed to death. All the while, they both sold off their most valuable assets to provide cash for their everyday survival. Over the years, AMR has sold off Sabre and Beacon for nice chunks of cash. They tried to sell off Eagle, but had no luck.
12-01-2011 | 05:18 AM
#267
seeing the country...
Joined: Oct 2006
Posts: 4,018
Likes: 42
From: 73N A
I'm sure the first thing that Parker et al did when they went to work on Tues was start running numbers. APA should be too.
12-01-2011 | 05:20 AM
#268
seeing the country...
Joined: Oct 2006
Posts: 4,018
Likes: 42
From: 73N A
Sure, a competitor was removed but that was about it. Costly way of doing business.
12-01-2011 | 08:42 AM
#270
Gets Weekends Off
Joined: Sep 2010
Posts: 1,253
Likes: 0
Where did I say anything about labor relations? The bottom line is the ones I mentioned built their places with the sweat of their two hands. They didn't do that by socking away bonus programs to 'retain top talent' while allowing their business models to go to Hades. There is big divide between a CEO resisting labor pay/benefit increases and one who uses labor as an excuse when the company goes Tits Up. I know the history far better then you.
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