Envoy 2019
05-27-2019 | 05:25 PM
#1122
Gets Weekends Off
Joined: Jan 2016
Posts: 119
Likes: 0
Agreed, but let’s say in the next decade (with the market projections and mandatory retirements as they are) AAG goes tits up...you don’t think that given the size of AAG that it wouldn’t be an indication of industry turmoil across all companies?
05-28-2019 | 08:56 AM
#1126
Gets Weekends Off
Joined: Nov 2017
Posts: 396
Likes: 0
From: Upright
For anyone who knows anything about Eastern Airlines, and how one of the oldest, greatest airlines in the world was brought to its knees, you will see that AA is on the exact same path.
DP is PLANNING on taking this company BK, not by error or malfeasance, but by meticulous, step-by-step planning, following the playbook written by Frank Lorenzo, to the letter. Lorenzo made some errors in the process, but DP knows what landmines to avoid now.
Why do you think AA's BODs was handpicked by DP? Why do you think they have not ousted him? Why do you think the shareholders have not revolted and demanded his departure despite horrible stock performance during the greatest bull market, ever? It's because they know THE PLAN.
Why did DP sell nearly EVERY SINGLE SHARE of AA stock he ever owned, other that what he is legally required to hold? How did he know to sell it ALL at its HIGHEST PRICE?
Nearly 1/3, yes 1/3, of pilots on the AA seniority list have not touched an airplane in over a year.
Nearly 1/3 of AA aircraft are SCHEDULED to go away over the next couple of years.
Coincidence? Hardly. The airplanes leaving is nothing secret. It's all been buried in the corporate filings for anyone who has bothered to look.
AA has taken on HUGE debt buying new airplanes and expanding infrastructure.
AA has HUGE retirement liabilities.
AA has HUGE contractual liabilities.
Guess what happens when you go BK? The courts will wipe out the pension plans, renegotiate all the contracts, including anything APA might be able to negotiate ahead of time, AA will be free to tear up aircraft contracts and go with something cheaper and more efficient (can you say C-Series?), and so on.
So, after BK is declared, 1/3 of the airplanes are gone, AA furloughs 1/3 of the pilot group, and AA goes into negative growth for the foreseeable future, how do you think the prospects for your "flow" are going to look then?
This is THE PLAN, guys and gals. AA is just marking time until the economy takes it eventual cyclical downturn, so it can hold out for a sympathetic bankruptcy court.
Go find a good book about the downfall of Eastern. As you are reading, substitute "DP" for Frank Lorenzo, and substitute "AA" for Eastern. You will shiz yourself.
The flow is the last thing I came here for. Hopefully the same is true for you.
As quoted above, "And that’s why dollars in hand now are more important than flow in the future."
Ain't that the truth!
05-28-2019 | 10:28 AM
#1128
Gets Weekends Off
Joined: Mar 2015
Posts: 128
Likes: 0
Not "If", it's "When", and anyone who thinks they will be flowing a year from now or later is horribly mistaken.
For anyone who knows anything about Eastern Airlines, and how one of the oldest, greatest airlines in the world was brought to its knees, you will see that AA is on the exact same path.
DP is PLANNING on taking this company BK, not by error or malfeasance, but by meticulous, step-by-step planning, following the playbook written by Frank Lorenzo, to the letter. Lorenzo made some errors in the process, but DP knows what landmines to avoid now.
Why do you think AA's BODs was handpicked by DP? Why do you think they have not ousted him? Why do you think the shareholders have not revolted and demanded his departure despite horrible stock performance during the greatest bull market, ever? It's because they know THE PLAN.
Why did DP sell nearly EVERY SINGLE SHARE of AA stock he ever owned, other that what he is legally required to hold? How did he know to sell it ALL at its HIGHEST PRICE?
Nearly 1/3, yes 1/3, of pilots on the AA seniority list have not touched an airplane in over a year.
Nearly 1/3 of AA aircraft are SCHEDULED to go away over the next couple of years.
Coincidence? Hardly. The airplanes leaving is nothing secret. It's all been buried in the corporate filings for anyone who has bothered to look.
AA has taken on HUGE debt buying new airplanes and expanding infrastructure.
AA has HUGE retirement liabilities.
AA has HUGE contractual liabilities.
Guess what happens when you go BK? The courts will wipe out the pension plans, renegotiate all the contracts, including anything APA might be able to negotiate ahead of time, AA will be free to tear up aircraft contracts and go with something cheaper and more efficient (can you say C-Series?), and so on.
So, after BK is declared, 1/3 of the airplanes are gone, AA furloughs 1/3 of the pilot group, and AA goes into negative growth for the foreseeable future, how do you think the prospects for your "flow" are going to look then?
This is THE PLAN, guys and gals. AA is just marking time until the economy takes it eventual cyclical downturn, so it can hold out for a sympathetic bankruptcy court.
Go find a good book about the downfall of Eastern. As you are reading, substitute "DP" for Frank Lorenzo, and substitute "AA" for Eastern. You will shiz yourself.
The flow is the last thing I came here for. Hopefully the same is true for you.
As quoted above, "And that’s why dollars in hand now are more important than flow in the future."
Ain't that the truth!
For anyone who knows anything about Eastern Airlines, and how one of the oldest, greatest airlines in the world was brought to its knees, you will see that AA is on the exact same path.
DP is PLANNING on taking this company BK, not by error or malfeasance, but by meticulous, step-by-step planning, following the playbook written by Frank Lorenzo, to the letter. Lorenzo made some errors in the process, but DP knows what landmines to avoid now.
Why do you think AA's BODs was handpicked by DP? Why do you think they have not ousted him? Why do you think the shareholders have not revolted and demanded his departure despite horrible stock performance during the greatest bull market, ever? It's because they know THE PLAN.
Why did DP sell nearly EVERY SINGLE SHARE of AA stock he ever owned, other that what he is legally required to hold? How did he know to sell it ALL at its HIGHEST PRICE?
Nearly 1/3, yes 1/3, of pilots on the AA seniority list have not touched an airplane in over a year.
Nearly 1/3 of AA aircraft are SCHEDULED to go away over the next couple of years.
Coincidence? Hardly. The airplanes leaving is nothing secret. It's all been buried in the corporate filings for anyone who has bothered to look.
AA has taken on HUGE debt buying new airplanes and expanding infrastructure.
AA has HUGE retirement liabilities.
AA has HUGE contractual liabilities.
Guess what happens when you go BK? The courts will wipe out the pension plans, renegotiate all the contracts, including anything APA might be able to negotiate ahead of time, AA will be free to tear up aircraft contracts and go with something cheaper and more efficient (can you say C-Series?), and so on.
So, after BK is declared, 1/3 of the airplanes are gone, AA furloughs 1/3 of the pilot group, and AA goes into negative growth for the foreseeable future, how do you think the prospects for your "flow" are going to look then?
This is THE PLAN, guys and gals. AA is just marking time until the economy takes it eventual cyclical downturn, so it can hold out for a sympathetic bankruptcy court.
Go find a good book about the downfall of Eastern. As you are reading, substitute "DP" for Frank Lorenzo, and substitute "AA" for Eastern. You will shiz yourself.
The flow is the last thing I came here for. Hopefully the same is true for you.
As quoted above, "And that’s why dollars in hand now are more important than flow in the future."
Ain't that the truth!
You a doomsday prepper too?
05-28-2019 | 10:36 AM
#1129
Gets Weekends Off
Joined: Jan 2014
Posts: 674
Likes: 0
How about you cite your source or provide a link for this? The latest SEC filings show an increase in AA’s fleet over the next three years and that completely contradicts what you’ve said. https://americanairlines.gcs-web.com/node/37056/html
05-28-2019 | 10:46 AM
#1130
Gets Weekends Off
Joined: Nov 2017
Posts: 396
Likes: 0
From: Upright
Ignorance is bliss, isn't it?
Doomsday prepper? No
Been around long enough to know a little something about business, the business cycle, and how corporate boards have operated since the 1980's? Yes.
Coherent of my surroundings enough to observe how UAL and DAL were able to successfully squeeze their contracts and destroy their pension plans in BK? Yes.
Read enough to know that as a condition of the U.S. Government approving the AA/US merger, the DOJ required that the new AA not be permitted to declare BK or furlough any employees for period of five years? Yes.
How long has it been since the merger now?
Doomsday prepper? No
Been around long enough to know a little something about business, the business cycle, and how corporate boards have operated since the 1980's? Yes.
Coherent of my surroundings enough to observe how UAL and DAL were able to successfully squeeze their contracts and destroy their pension plans in BK? Yes.
Read enough to know that as a condition of the U.S. Government approving the AA/US merger, the DOJ required that the new AA not be permitted to declare BK or furlough any employees for period of five years? Yes.
How long has it been since the merger now?
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