Diesel8

Stock price after 2nd Quarter Report - One month period. As of today. Roughly 25% loss of value.

No Land 3

It is important to note that Kalitta provides lift for Turkish, Asiana, Atlas, Polar, etc. As does Atlas for a few other companies. Those numbers don't tell the real story.

Turbine1

Income 20% less than last year but they refuse “to quantify” the “labor related service disruptions” on the earnings call. Wall St isn’t buying the blame the pilots tactic anymore and the stock is crashing thru the 52 week low. Looks like AAWH’s chickens have finally come home to roost.

There’s only ONE reason for the meltdown. Lack of crews because of AAWH’s insistence in keeping the lowest pay, benefits and worst work rules of any airline in America and their litigation to keep their crews at that level forever thru arbitration to prevent a vote on any future CBAs.

The company doesn’t seem to care that most pilots don’t want to work here anymore. Some part 135 operators now provide better compensation than a heavy jet airline that operates to over 400 worldwide destinations, so almost any job is better in this pilot market. These 74s to 73s haven’t been replaced with drones yet, until then no bucks, no Buck Rogers.

brownie

It came from the Koolaid corner..😝

BluePAX

Surprised this stock nose diving hasn't garnered more attention on this forum. It took a wholloping that's for certain...

https://www.google.com/amp/s/amp.bus...low-pay-2019-7

boeingdvr

Who cares. Company and union meet this week. Company is dead set on outsourcing more flying for years to come. This is the biggest reason we have no CBA. No more new hire classes for 2019 and talks of only hiring to cover attrition for 2020. No growth planned.

Diesel8

When you take into consideration a number of factors it appears that management is only intent on driving the company into the ground and into bankruptcy. Consider some of these:

The retention bonuses

Leveraging the company

Operating it so inefficiently that many flights are delayed

Scheduling set up so that it will net numerous fatigue and sick calls - legitimate ones, not something manufactured.

The outsourcing and sub-servicing of flights

The contentious "scope" issues in negotiations that were never a big factor before.

Blaming the pilots for EVERYTHING. A convenient scapegoat

Go from relative normal operations in May to an absolute train wreck of a June/July with no real cause.

A 2nd quarter report written is such a way that it makes the stock price plummet. Bet they already took advantage of that in an insider trade deal.

Also if they put the company into bankruptcy they can force a bankruptcy CBA, just like what was forced on us at Southern.

I believe that everything, all the challenges that we are facing are being engineered by management - I do not think that it is at all circumstantial. They are intent on killing the company, pocketing their bonuses and riding out on their golden parachutes. Oh, and don't think for a minute that they care what the shareholders think. They have no bearing at all.

Elevation

I found that organizations, even ones we think are storied and have their stuff together, run far more chaotically than most people think. If there was a master plan to make something happen, I'd be a little comforted that somebody was in control. The reality is straight chaos. Chaos is bad.

I think we've simply lost strategic and tactical initiative. We're stuck reacting to factors rather than bending those factors to our desire. So we're flailing across the system. Recent communications from parties on both sides of the negotiating table have undermined confidence in not just fatigue reporting, but the entire safety management system at a time when we really can't afford to do so.

It's imperative we regain the initiative. From a safety of flight perspective, we have to regain the initiative here. I'd recommend some reassurance to crews from management and the union that safety channels remain open and non-punitive.

From there we need the following:
Take a second look at line construction for Sep/Oct.

Offer OT trips further in advance.

Open-up the minds of people holding training positions by letting them know suggestions improve not hinder their promotion ability. Right now all these folks complain at the hotel or breakfast, but they're loathe to file any kind of report. I get it. Talking is risky. We're losing the suggestions of our most talented people because they're afraid to talk. Reassure these people, and we'll get a reservoir of capability that's untapped.

We need to get ahead of this now.

MarkThyme

Right. They are intent on crashing the company so that they can retire a few years early, completely unconcerned about exposing themselves to massive lawsuits for breach of fiduciary duty, cuz that's just how they roll.

One of my favorite quotes, ascribed to Napoleon Bonaparte, but the true origin is unclear, is this: "Never ascribe to malice that which may be adequately explained by incompetence."

mpflyboy1

But it could also be malicious incompetence? 😂😂😂