AA offering more
04-08-2020 | 01:45 PM
#111
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04-08-2020 | 01:51 PM
#112
Line Holder
Joined: Dec 2015
Posts: 852
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Gloopy said: I thought it was stated that they did apply for them because they had to get the application in prior to the deadline, but hadn't yet decided to file for them, which was in line with what everyone else is doing."
Denny says:
First of all I'm assuming you meant "didn't" instead of "did." If that's the case, then I guess they don't need the money that badly. If they did, they would have come to the decision to apply for the loans well before the deadline. No management team is stupid enough to let a deadline like this pass without making a conscious decision NOT to apply for the loans. If you actually think they hadn't decided yet, I think you need to rethink that. (To many uses of the word think but you get the point.)
If Management doesn't feel like it needs to take a loan from the US Government, then it certainly doesn't need a any kind of "loan" from us either. At this point, any kind of "loan," "relief" or whatever we give them is a mere pittance to what the US Government loan would have been.
Hold strong!!!
Denny
Denny says:
First of all I'm assuming you meant "didn't" instead of "did." If that's the case, then I guess they don't need the money that badly. If they did, they would have come to the decision to apply for the loans well before the deadline. No management team is stupid enough to let a deadline like this pass without making a conscious decision NOT to apply for the loans. If you actually think they hadn't decided yet, I think you need to rethink that. (To many uses of the word think but you get the point.)
If Management doesn't feel like it needs to take a loan from the US Government, then it certainly doesn't need a any kind of "loan" from us either. At this point, any kind of "loan," "relief" or whatever we give them is a mere pittance to what the US Government loan would have been.
Hold strong!!!
Denny
04-08-2020 | 01:54 PM
#113
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Joined: Jul 2010
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From: window seat
Great movie obviously, but often overlooked is Sameul Jackson's performance in Rules of Engagement. In a very similar scene as the famous one in AFGM, his performance was right up there with Jack's.
04-08-2020 | 03:31 PM
#114
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Joined: Sep 2014
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Ed said at the Town Hall that there will be no furloughs until after October 1, and even after that none were planned. He said we were the strongest going into the crisis and will be the strongest coming out of it. He said the pilots were the first to step up to help and insinuated that we would be working together going forward. My take is something can be worked out to save additional money. He said pilots had already made contributions with less hours. Sounds pragmatic to me.
It doesn't matter if he was lying or mistaken... either way, he was way off by anyone's metric. I don't see much benefit in listening to public proclamations from our CEO. Offers in writing are as close as we can get to trustworthy, and with this team even that seems a lofty goal.
04-08-2020 | 03:37 PM
#115
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When we were about to vote on TA1, Richard Anderson said there was no more money on the table and any later agreement would be no better than the standing offer.
It doesn't matter if he was lying or mistaken... either way, he was way off by anyone's metric. I don't see much benefit in listening to public proclamations from our CEO. Offers in writing are as close as we can get to trustworthy, and with this team even that seems a lofty goal.
It doesn't matter if he was lying or mistaken... either way, he was way off by anyone's metric. I don't see much benefit in listening to public proclamations from our CEO. Offers in writing are as close as we can get to trustworthy, and with this team even that seems a lofty goal.
04-08-2020 | 06:05 PM
#118
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Joined: Sep 2014
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Richard surely knew he'd be leaving before we would complete a renegotiation, so he either stated something as fact that was unknowable, or he didn't know what he was talking about. Either of these could be the case for EB's proclamations about furloughs.
04-09-2020 | 04:41 AM
#119
Rodeo clown
Joined: Feb 2017
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From: Tractor seat
I don’t think anyone in management knows what they will do come October 1st, yet. They’ll speak ambiguously, secretly prepping the hatchet job on company staffing and expenses, but also quietly hoping for a rebound that fills airplanes and unparks jets. If demand doesn’t return, they’ll have their empathetic speeches ready to go, but if it does, they’ll immediately move on to lessons not learned and try to calculate when the earliest stock options and buybacks can occur without anyone too loudly noticing how little (if any) debt has been retired.
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