AMR Files For Bankruptcy
11-29-2011, 05:20 AM
#51
Gets Weekends Off
Joined APC: Jul 2008
Posts: 4,922
Those poor over 60 pilots that decided not to retire. Forget working for free; they may have been paying American a lot of money to work the last couple of years. Selfish pricks deserve it.
To everyone else at American, I'm sorry. Hopefully you come out with your salaries and current jobs in tact when it's all said and done. One thing I'm confident of is that American will still be around in the end.
To everyone else at American, I'm sorry. Hopefully you come out with your salaries and current jobs in tact when it's all said and done. One thing I'm confident of is that American will still be around in the end.
11-29-2011, 05:21 AM
#52
Gets Weekends Off
Joined APC: Mar 2005
Position: Up Front
Posts: 286
Originally Posted by Timbo
Ouch. Sorry guys, but at least you didn't give up 32.5% of your pay first, to stay out of bankruptcy.
No, they gave up 23% back in 2003 to "save the company from bankruptcy". We see how management "managed" all those savings. They keep harping on costs instead of revenue. They reap what they sow. Sorry.
EXTW
11-29-2011, 05:21 AM
#53
Gets Weekends Off
Joined APC: Nov 2011
Position: A320 Capt
Posts: 5,293
Originally Posted by NoWake200
Yeah! Real CLASS ACT!
I wonder how all those Nordstrom Pilots are feeling this morning! All those years of looking down their noses at everyone else has finally caught up with them. My dad always said, "never pi$$ into the wind".
I wonder how all those Nordstrom Pilots are feeling this morning! All those years of looking down their noses at everyone else has finally caught up with them. My dad always said, "never pi$$ into the wind".
Sorry AA guys, know how you feel-twice. Watched Wolf/Gangwal **** away 1.9 billion in a flawed stock buy back and then the ill fated UA merger only to walk away with 15 million in hard earned "retirement". Not to mention the funny business that appears to have happened with our pensions. Corporate America at it's finest!
Good luck guys and watch out for DUI Dougie.
11-29-2011, 05:23 AM
#54
Gets Weekends Off
Joined APC: Dec 2006
Position: I was acquired, Not Hired
Posts: 1,784
Originally Posted by Doug Masters
Never seen that attitude at AA. Nothing but professionalism on multiple jumpseat rides. Of course the TWA guys may think differently. Perspective I guess...
I think the previous poster was making reference to how the APA treated the TWA pilots during seniority list integration.
Just an educated guess.
11-29-2011, 05:30 AM
#55
Gets Weekends Off
Joined APC: Dec 2006
Position: I was acquired, Not Hired
Posts: 1,784
Originally Posted by dumbfounded
Joke - Right????
1995 CO made $202 million
1996 CO made $556 million
Wages went up, sick leave went down, worker's comp and turnover also went down.
You may think it's a joke but I think the employees had a lot to do with this. Or you may think it's a joke because your a management type that believes employees are overpaid and that's your joke - "employees did nothing". I disagree.
I'm not here to tell you how wonderful Continental is to work for, but they avoided BK in 1994....that's how this relates to the thread, and directly it was asked if CO declared BK in the 90's.
Don't shoot the messenger.
If you want to talk about the strike of 1983, the Hindenburg, the Easter Bunny or something else-GREAT-but start another thread.
11-29-2011, 05:35 AM
#57
Line Holder
Joined APC: Feb 2011
Posts: 67
Originally Posted by FliFast
Continental neared BK, however; Bethune, Brenneman, and the EMPLOYEES took over (1994) and returned them to a legitimate contender.
CO had already been bankrupt twice and the pilots were working for half of what other airline pilots made. Other employees also at deep discount. B and B did reinvigorate the work force by giving big raises (which still left them FAR below everyone else in pay and workrules) and throwing their overly cumbersome manuals away.
Reempowering people who are at the bottom of the stack is a great strategy - but you have to have step one. The evisceration.
At United you would often hear people wistfully hoping that Bethune would come over during the great CEO shuffle in the late 90s early 00's. He would not have had near the success - if any.
11-29-2011, 05:38 AM
#59
Line Holder
Joined APC: Nov 2011
Posts: 80
How will this affect new hires? I'm starting class with Eagle in January. Is that going to happen?
When the other majors filed for bankruptcy, what exactly did happen? Are pilots going to be furloughed? What is the foreseeable future for Eagle?
Sorry if any of these questions are obvious, but I just moved to the USA a couple months ago and have no idea what to expect of a situation like this.
When the other majors filed for bankruptcy, what exactly did happen? Are pilots going to be furloughed? What is the foreseeable future for Eagle?
Sorry if any of these questions are obvious, but I just moved to the USA a couple months ago and have no idea what to expect of a situation like this.
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