AMR Files For Bankruptcy
11-29-2011 | 05:38 AM
#61
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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.
11-29-2011 | 05:39 AM
#64
Gets Weekends Off
Joined: Dec 2006
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From: I was acquired, Not Hired
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 | 05:40 AM
#65
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Joined: Jul 2011
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1994 CO lost $204 million
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.
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 | 05:43 AM
#66
Gets Weekends Off
Joined: Feb 2007
Posts: 244
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From: At the Blue Line
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
#67
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Joined: Mar 2006
Posts: 1,140
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From: P-3C
Aprey drives the company into the ground and while the pensions explode he's floating to the ground with a golden parachute. The better thing is that in a year from today Aprey will be announced as a semi-paticipant director of something at United or Delta. Seriously, what a backwards way of life.
11-29-2011 | 05:46 AM
#68
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Joined: Mar 2006
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Really? You are pulling my leg, right?
Who's the biggest airline NOT in/out of Bankruptcy?
Who competes with AA in Texas?
Who pays their pilots the most?
Who lost their "old" management team who stuck to a tried and true formula, and replaced it with a new cowboy who wants to grow in the biggest recession we've seen since the Depression?
Who's no longer a "Low Cost Carrier" only because all the others filed for bankrupcty to lower their costs?
Who just lost a bunch of money guessing wrong on fuel hedges?
Who still has to complete a costly merger, and bought a whole fleet of airplanes they don't even want, and still has to buy a whole lot more paint and Pizza if they want to operate 20 minute turns in ATL?
Think it Can't happen?
Yeah, so did the AA Pilots a year ago, and the Delta Pilots 10 years ago.
Oh, and about Continental? They've filed Bankruptcy so many times in the past 30 years I've lost count.
Who's the biggest airline NOT in/out of Bankruptcy?
Who competes with AA in Texas?
Who pays their pilots the most?
Who lost their "old" management team who stuck to a tried and true formula, and replaced it with a new cowboy who wants to grow in the biggest recession we've seen since the Depression?
Who's no longer a "Low Cost Carrier" only because all the others filed for bankrupcty to lower their costs?
Who just lost a bunch of money guessing wrong on fuel hedges?
Who still has to complete a costly merger, and bought a whole fleet of airplanes they don't even want, and still has to buy a whole lot more paint and Pizza if they want to operate 20 minute turns in ATL?
Think it Can't happen?
Yeah, so did the AA Pilots a year ago, and the Delta Pilots 10 years ago.
Oh, and about Continental? They've filed Bankruptcy so many times in the past 30 years I've lost count.
11-29-2011 | 05:48 AM
#69
Gets Weekends Off
Joined: Dec 2006
Posts: 1,784
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From: I was acquired, Not Hired
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.
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