Why do you think Richard wants this contract done ASAP? March is always the weakest quarter. Baring any Black Swan events, 2015 will be huge. Richard's E+F/A team is a heck of a lot better than ALPA's. Richard predicted $6 Billion for 2015, and 2016, without hedging losses, and with even more debt paid off, could be $10 Billion.

I'll bet we end up trading Profit Sharing for 3% raises...again.

Automatic NO vote if we do.

Funny that The ALPA EF&A team nailed when we wanted to be in negotiations! You would have thought RA's team would have told him to go for a 5 or 6 year deal like UAL or AMR.

04-15-2015 | 06:19 AM

#180832

3 green

Line Holder

Joined: Apr 2014

Posts: 1,142

Likes: 5

Quote:

Originally Posted by sailingfun

Bad news however is a planned reduction in flying possible next winter because of currency weakness.

Codeshares and joint ventures?

04-15-2015 | 06:22 AM

#180833

Mesabah

:-)

Joined: Feb 2007

Posts: 7,339

Likes: 1

Quote:

Originally Posted by 3 green

Codeshares and joint ventures?

China is printing money to buy dollars to keep their economy from full collapse, Europe is on the verge of total breakup. Do you really want to be left holding the bag, or your code share partner?

04-15-2015 | 06:35 AM

#180834

Denny Crane

Gets Weekends Off

Joined: Sep 2008

Posts: 6,971

Likes: 0

From: Kickin’ Back

Quote:

Originally Posted by Mesabah

China is printing money to buy dollars to keep their economy from full collapse, Europe is on the verge of total breakup. Do you really want to be left holding the bag, or your code share partner?

Dang! Sounds like I need to stock up on ammunition and use my mattress for a bank!

Denny

04-15-2015 | 06:39 AM

#180835

Mesabah

:-)

Joined: Feb 2007

Posts: 7,339

Likes: 1

Quote:

Originally Posted by Denny Crane

Dang! Sounds like I need to stock up on ammunition and use my mattress for a bank!

Denny

Do you live over there, because the future looks pretty bright here. A lot of those off-shored jobs will be coming back.

04-15-2015 | 06:44 AM

#180836

Timbo

Runs with scissors

Joined: Dec 2009

Posts: 7,847

Likes: 0

From: Going to hell in a bucket, but enjoying the ride .

Quote:

Originally Posted by sailingfun

Funny that The ALPA EF&A team nailed when we wanted to be in negotiations! You would have thought RA's team would have told him to go for a 5 or 6 year deal like UAL or AMR.

We don't know that they didn't tell RA that. Perhaps that is the one small 'victory' in C2012? We did pay for it with productivity concessions and profit sharing reductions however. I just hope we don't do it again.

Of course, when Labor Risk is off the table.... what leverage do we have?

04-15-2015 | 06:47 AM

#180837

Timbo

Runs with scissors

Joined: Dec 2009

Posts: 7,847

Likes: 0

From: Going to hell in a bucket, but enjoying the ride .

Quote:

Originally Posted by Denny Crane

Dang! Sounds like I need to stock up on ammunition and use my mattress for a bank!

Denny

Denny, come over to my house, I've got C130's, F15's and A10's flying cap overhead right now!

And it's easy to dig a bunker in sand!

04-15-2015 | 07:07 AM

#180838

Vikz09

Gets Weekends Off

Joined: Feb 2007

Posts: 399

Likes: 0

From: M88 B

They sure seem confident in a pilot contract being done before the due date. Not sure how they expect only a 2% increase in employee costs and a new pilot contract. Sure sounds like they don't plan on reaching into the wallet. Perhaps they already have direction from ALPA and offsets are in the works.

Also confirmed that we will be down to 7 747's at the end of this year with only 6 flying.

04-15-2015 | 07:15 AM

#180839

Timbo

Runs with scissors

Joined: Dec 2009

Posts: 7,847

Likes: 0

From: Going to hell in a bucket, but enjoying the ride .

Quote:

Originally Posted by Vikz09

Also confirmed that we will be down to 7 747's at the end of this year with only 6 flying.

There you go. Another Cost Neutral contract. Productivity gains and cost savings by parking 747's will offset any cost increases, at least that's what they will tell Wall Street.

Have you noticed they always say "2%" in every earnings report? That's the magic number Wall Street wants to hear. Any more than that and they start to panic that our costs are growing out of control...

04-15-2015 | 07:26 AM

#180840

Big E 757

Gets Weekends Off

Joined: Nov 2013

Posts: 2,605

Likes: 12

From: A320 Left seat

Quote:

Originally Posted by Timbo

Automatic NO vote if we do.

I agree with everything you said, Timbo. I just think making assumptions with only 25% or the necessary data points might be a little "presumptuous".

If we trade profit sharing for a 3% raise! I think there will be a riot. And more than a few guys might go out on medical disability with exploding head syndrome.