Any "Latest & Greatest" about Delta?
Air France-KLM Expects Deep Loss
BY DAVID PEARSON -- WSJ
JANUARY 25, 2012
PARIS—Air France-KLM's financial situation is "extremely tight" after the company incurred a substantial operating loss in 2011 for the fourth consecutive year, the chief executive of Air France, one of the Franco-Dutch group's two airline divisions, said Wednesday.
Alexandre de Juniac told a French parliamentary commission that due to rising fuel costs, fierce competition from low-cost airlines and the lingering effects of the financial crisis, Air France-KLM's losses from operations last year will reach "several hundred million euros," but declined to be more explicit as the company's accounts are still being audited. Air France-KLM is 15.7%-owned by the French state.
BY DAVID PEARSON -- WSJ
JANUARY 25, 2012
PARIS—Air France-KLM's financial situation is "extremely tight" after the company incurred a substantial operating loss in 2011 for the fourth consecutive year, the chief executive of Air France, one of the Franco-Dutch group's two airline divisions, said Wednesday.
Alexandre de Juniac told a French parliamentary commission that due to rising fuel costs, fierce competition from low-cost airlines and the lingering effects of the financial crisis, Air France-KLM's losses from operations last year will reach "several hundred million euros," but declined to be more explicit as the company's accounts are still being audited. Air France-KLM is 15.7%-owned by the French state.
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,619
Slow, I wouldn't say squandered. But I think by the time the JCBA was worked out it was already apparent that our Section 1 had huge holes. If there was a chance to make changes, any changes, I think some of these holes should have been tightened up.
I haven't been here that long, so I don't know if the relationship with mgt was more of a "gentleman's agreement" in the past. But from everything I've seen since getting here, our current mgt will take full advantage of any clause that is not fully thought out, including violating the spirit of the agreement on legal semantics. If that's to be the case, we need to "lawyer up" and stay one step ahead of the next loophole they will find. And every opportunity we have for an amended contract should close some of the loopholes.
It feels like we've been in a friendly touch football game, except now the other team has begun tackling. If we keep on using only our "constructive engagement" policy, they will continue to run over us, all the while telling us what good pilots we are and thanking us for all we do to make the operation a success. Bless their little old hearts.
I'm no expert - that's just how I see it.
I haven't been here that long, so I don't know if the relationship with mgt was more of a "gentleman's agreement" in the past. But from everything I've seen since getting here, our current mgt will take full advantage of any clause that is not fully thought out, including violating the spirit of the agreement on legal semantics. If that's to be the case, we need to "lawyer up" and stay one step ahead of the next loophole they will find. And every opportunity we have for an amended contract should close some of the loopholes.
It feels like we've been in a friendly touch football game, except now the other team has begun tackling. If we keep on using only our "constructive engagement" policy, they will continue to run over us, all the while telling us what good pilots we are and thanking us for all we do to make the operation a success. Bless their little old hearts.
I'm no expert - that's just how I see it.
This is my tally. If you take CAL, UAL, AMR, and LCC for the last four years, their total pay rates have increased by 1.5%, 1.5%, 1.5%, and 0% respectively. Our pay rates (including DC) have gone up by 27.5% on average in the same time frame and we added $750 million in merger stock. I see these great theories about how the hardball tactics are great, I just need some history of success to back up those theories.
Lets see how well SWAPA does now that they are facing higher costs and a rational playing field. If anything their "darling" status as an independent union is about to get tested.
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
That sure would be a nice break for ALPA, wouldn't it? Then you could maintain your low expectations and not have that whole pesky SWA thing hanging over your head.
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
Air France-KLM Expects Deep Loss
BY DAVID PEARSON -- WSJ
JANUARY 25, 2012
PARIS—Air France-KLM's financial situation is "extremely tight" after the company incurred a substantial operating loss in 2011 for the fourth consecutive year, the chief executive of Air France, one of the Franco-Dutch group's two airline divisions, said Wednesday.
Alexandre de Juniac told a French parliamentary commission that due to rising fuel costs, fierce competition from low-cost airlines and the lingering effects of the financial crisis, Air France-KLM's losses from operations last year will reach "several hundred million euros," but declined to be more explicit as the company's accounts are still being audited. Air France-KLM is 15.7%-owned by the French state.
BY DAVID PEARSON -- WSJ
JANUARY 25, 2012
PARIS—Air France-KLM's financial situation is "extremely tight" after the company incurred a substantial operating loss in 2011 for the fourth consecutive year, the chief executive of Air France, one of the Franco-Dutch group's two airline divisions, said Wednesday.
Alexandre de Juniac told a French parliamentary commission that due to rising fuel costs, fierce competition from low-cost airlines and the lingering effects of the financial crisis, Air France-KLM's losses from operations last year will reach "several hundred million euros," but declined to be more explicit as the company's accounts are still being audited. Air France-KLM is 15.7%-owned by the French state.
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