Atlas pilots to get arbitrated contract.
#1
Atlas pilots to get arbitrated contract.
This is a kick in the nads. Feel for my friends over there.
https://www.freightwaves.com/news/arbitrator-denies-atlas-airs-pilots-bid-to-negotiate-imposes-arbitrated-settlement?p=228257
https://www.freightwaves.com/news/arbitrator-denies-atlas-airs-pilots-bid-to-negotiate-imposes-arbitrated-settlement?p=228257
#9
AMC just sanctioned the company for their horrible on time performance and flights are days late if they go at all. The company is at negotiations this week for 3.5 days of which 4 hours will be actual face to face if past practice is continued. No more negotiations scheduled.
The stock is cratering, down almost 50% in a month. Shares fell after the arbitration win for the company. The press release states mgt believes an agreement can now be reached in less than 9 months. What garbage, try another 3 years like the last go around. They’ve broken every written and verbal agreements with the union so their words mean nothing. Wall Street isn’t buying the company propaganda anymore and if the 3rd qtr comes out as bad as expected the shares will be in the teens. Penny stock territory by Christmas then AAWH will declare bankruptcy. An imposed bankruptcy CBA wouldn’t be any worse than what’s inplace now.
#10
But that would require there to actually BE a pilot group to impose a CBA upon. Perhaps if companies just fail altogether the RLA might be revised to make it a little easier to strike before labo unrest went quit so far as to just all walk away.
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