AMR Files For Bankruptcy
11-29-2011, 05:39 AM
#62
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Joined APC: Dec 2006
Position: I was acquired, Not Hired
Posts: 1,784
Originally Posted by R57 relay
Nice. Kick them when they are down. You should really be careful cause you never know when it will be your turn in the barrel in this business. AA pilots as a group have been great on my jumpseat.
I'm guessing the o.p. feels the way he does because the APA kicked the TWA pilot group when they were down and then defacated on them after lighting them on fire. To date most of the AA furloughs are former TWA pilots.
But why would people still be mad about that 10 years later. I look at how fiercely the USAir West and East have held their ground on their differences, so I'm guessing but not sure, that seniority and one's job are worth fighting for...any thoughts ???
Let's hope this BK is short and the pilot group prevails and some (more) of the dead wood at the top is removed.
11-29-2011, 05:43 AM
#63
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Joined APC: Feb 2007
Position: At the Blue Line
Posts: 244
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...
Originally Posted by R57 relay
Nice. Kick them when they are down. You should really be careful cause you never know when it will be your turn in the barrel in this business. AA pilots as a group have been great on my jumpseat.
They called themselves "The Nordstrom Pilots" and called the TWA group "The K-Mart Pilots" and "Hot Dog Vendors" during the merger and staple job. This attitude of theirs was from a false sense of security and accomplishment. So, no I am not going to be careful because I have nothing to lose anymore.... I now clean people's dirty floors for a living and live off my wife's salary!!
For what it is worth I know 2400+ pilots that would agree with me. And on a side note, they did not get the nickname "Sky Nazis" for nothing, this long before the TWA merger ever was.
This is all I am going to say about this and nothing really can be added. I will let everyone get back to feeling sorry for them. Really, the only people I feel sorry for are the "Redheaded Stepchildren".
11-29-2011, 05:44 AM
#64
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Joined APC: Mar 2006
Position: P-3C
Posts: 982
Originally Posted by dragon
I'm sure Mr. Arpey received a nice severance package. Too bad almost every other employee will be receiving a screwing.
11-29-2011, 05:48 AM
#65
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Joined APC: Dec 2006
Position: I was acquired, Not Hired
Posts: 1,784
Originally Posted by thruthemurk
How did the employees take over?
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.
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.
Given the choice between Icahn, Lorenzo, Wolfe, Arpey, Crandall, Don "the Con" Carty, Gangbanger, and Douggie the Driver, I'd take Bethune.
Secondly, why are we having this discussion...this thread is about AMR declaring BK.
11-29-2011, 05:52 AM
#67
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Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,882
Originally Posted by Check Essential
The court motions are not on line yet on the Southern District website.
Did AMR's filing include a motion to stop lump sum pension pay outs?
They can do that if the fund threatens to fall below a certain liquidity level. That's what Delta did except there was a delay after the bankruptcy filing.
I expect a lot of pilots will put in their notice to retire effective Dec 1st.
This may be the last chance to get at those lump sums.
A lot of guys now have only 2 days to make a huge life decision.
Did AMR's filing include a motion to stop lump sum pension pay outs?
They can do that if the fund threatens to fall below a certain liquidity level. That's what Delta did except there was a delay after the bankruptcy filing.
I expect a lot of pilots will put in their notice to retire effective Dec 1st.
This may be the last chance to get at those lump sums.
A lot of guys now have only 2 days to make a huge life decision.
Just curious about the timing of this filing.
11-29-2011, 06:02 AM
#70
On Reserve
Joined APC: Jul 2008
Position: MSP7ERB
Posts: 1,886
Schedule Reductions & some job cuts
American Airlines May Trim Flight Schedule Amid AMR?s Bankruptcy Cost Cuts - Bloomberg
American Airlines, planning to continue normal operations during parent AMR Corp. (AMR)’s bankruptcy, will probably cut some flights in the future, the chief executive officer said.
The reductions, along with job cuts, are likely as the airline seeks to reduce expenses, Chief Executive Officer Thomas Horton said on a conference call.
American Airlines, planning to continue normal operations during parent AMR Corp. (AMR)’s bankruptcy, will probably cut some flights in the future, the chief executive officer said.
The reductions, along with job cuts, are likely as the airline seeks to reduce expenses, Chief Executive Officer Thomas Horton said on a conference call.
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