Send your check to the Delta Pilots Charitable fund.;) If you'd like you can add a zero from the payraise that you got that you don't want...:p ; (your contribution goes to help really sick and disadvantaged kids).

With this AA news, bankruptcy needs to be redefined

bank-rupt-cy

noun

1. a legal tool used with the cooperation of the judicial system to abrogate organized labor

Amazingly, those who had seen non disclosed information from management knew more about management's plans than those who had to do their own analysis :)

Of course, one potential take away from this blinding flash of the obvious is to dissuade people from even trying to perform their own analysis, think critically, and put their thoughts out for others to comment on.

Speaking up for the underdog in this furball ... I like reading contrasting points of view. Management and ALPA have been singing in harmony, making beautiful music, which I enjoy seeing as how today is pay day. However, I am also a fan of the Dave Matthews and Carlos Santana's bands. Nothing wrong with a syncopated beat and occasional dissonance to let me know the band had to really try to pull off something interesting every now and then.

I would enjoy even more our labor union taking a contrasting view to management's outsourcing plans. Of course, I might as well wait for Mark Knofler to bring his band over to the house:

AA imposed a mix of the April 19 term sheet (1113C proposal), the June 26 TA and their August 16 LBFO. It is ugly.

One modification...AMR capped their current scope implementation at 79 seats, not the 88 they were requesting. But they also completely opened up domestic code sharing.

http://www.restructuringamr.com/our-people-apa.asp

Well ... it is a good program ... and tax deductible.

SEA has doubled in size. Unlike many other carriers, our pax counts in the LAX basin are stable (ALA shrank there).

As to the Pacific, Japan has made a governmental decision not to grow. There's another country just to the west that has 385 million middle class citizens and another 800+ million trying to get there.

There are plenty of options. North America is the world's number 2 aviation market. Asia is the growth market and number 1. NRT will be fine as long as the US and Japanese governments let it be fine. If and when we lose that battle there are plenty of options. The question is will it be a painful revolutionary change or a moderate evolutionary change.

Excellent post.

Tip of the Hat for being the Sultan of Smoooth at the keyboard (actually honest admiration). $5 in the tip jar; hey Mark, play something smooth.

If you're flexibile with your destination(s) in off peak times, base your destination on open flights (especially up front) and are looking to go intl, it can be the best deal ever. Anything else and they are literally less than worthless.

I'd rather have 2 free buddy passes to give out than 8 almost as expensive as a real ticket get stranded 8 mouths out of the year passes.

The problem is that Keynesianism never works. Ever in human history. Its literally never, ever worked. Any little sugar rush high from fake money will more than come out the other end literally with interest.

Its argurable that we're beyond theback side of the curve now, so he can light the burners all he wants and all we can do now is enjoy the ride and invest for the imminent ejection.

QE's only help "create demand" the way the dot.com, housing and college bubbles do. Temporarilly, artificially, unsustainably and with earth shattering negative consequences later for a temporary, and usually modest, "gain" today.

I see this as a test of RA's true intellect though. He sits on the board of the fake money printers; he knows what goes on behind the curtain (or at least should). There will be major opportunities in the resulting demand destruction and wealth destroying inflation. We'll see if he's smart enough to position us to truly capitalize on that, or if he just goes along with the sheep and acts suprised and begs for a bailout like everyone else.

I want to think he's smart about it long term, but all he can seem to focus on is gifting capacity to LCC's and foreign ponzi scheme airlines. Maybe its part of a master plan though, like the magic 10B debt level and all that jazz. We'll see.

So is HND really more convienient, or is it only a fake illusion like LHR? GTW has the Gatwick Express that takes you into Vic station just as quickly as the so called "tube", "mind the gap" placards included. Any advantage is miniscule for most city destinations and only marginally better for a tiny handful. Its 95% perception. Now, looking on the map, HND does look closer so it would depend on local transport options. I'll assume HND is superior by a solid degree. But the LHR "AAdvantage" is an absoute joke.