I agree. What I tried to say in simple terms is that Parker has done his homework and has conceived a viable business plan moving forward. If this is the case, it wouldn't take much to convince the remaining UCC that HIS plan is better than Horton's.

 

AA a Ferrari? More like an Edsel in need of new tires, some bondo and a tune up, but hopefully the USAir deal will be the start of those repairs.

If nothing else, these unions publicly poking AMR in the eye by lining up behind USAir sends a message to the BOD, the creditors and all involved with the BK process where the "rank and file" think their future lies. And it ain't with the AMR crowd.

And T-hawk..."100% safe"? You really are in another world.

 

You're right I am, I guess math and percentages are a challenge to some.

 

Agreed. AA is definitely not a 'Ferrari' in any sense of the word--- financially, operationally or performance-related.

Your next point is even more accurate; AA unions going to US management is certainly not a ringing endorsement of Horton, the BOD or their bankruptcy plan.

 

I'd expect Horton to continue his attack on AA employees undaunted. I assume management will be in court Monday to proceed with their annihilation of labor. They won't learn from this or adapt as it's really all about them. Apparently, they believe THEY are AA and not the employees.

On a side note, they've got the local pols stumping for them claiming the local economies will be better off if AA stays in Texas and exits BK stand-alone, yet missed the fact Parker will keep the AA brand, remain in DFW and save more jobs. Actually, they didn't miss that, but since this is just about maintaining power and merging when THEY want to so they can personally profit, who cares about truth and reality ?

Looney Tunes.

 

When Lorenzo's Texas Air bought Continental Air Lines (1981?), he stated their headquarters would remain at LAX. Within a short time, he moved it to Houston.

Never think that anything an airline CEO says is set in concrete.

 

I think most can conclude that after a year in the industry. The point was AMR rounding up all their fellow fatcat cheerleaders to support and defend their fatcatism when they may be deprived of their next bowl of Fancy Feast.

It will be interesting to see what AMR does on Monday. Perhaps, they'll counter Parker's move by altering the term sheet requests to essentially match the U deals in an attempt to blunt the threat to their feifdom. I suppose they could even accept arbitration for the pilots and come out with a better deal that theoretically would be binding too.

Of course, none of that still would offer any strength to the absence of a viable business plan and what amounts to a 'no confidence' vote by virtually their entire labor force or as stated before, they could just continue arrogantly on with knife raised high.

 

Thankfully they are politicians, and politicians love money, and wall street loves parker, and other airlines would love to see aa disappear.
Point is=politicians swing with the wind just as polls change,
Wall Street-they control the money and dont like AA expansion, will reduce the profits,

 

So who will be the dominant carrier? Who gets hosed, the low seniority AA guy or low US Air guy? and of US Air, who is hosed more: Cactus guys or legacy US Air guys ?

 

Anyone think any of the American domiciles will shrink/close? The othe thing I am curious is how PHL is going to do being so close to Americans New york presence.