Kirby was US Airways - he was the president under Doug pre-merger. He left AA...mutually, that is a fact. The ULCCs have had a good run, and Spirit in particularly is going to have a tough time growing to where they want to be over the next decade. Back in 2014 - the US3 refused to price match Spirit, and the ULCC's grew huge amounts in the legacy's hubs. AA in particular lost tons of market share, as even the arguably better (at the time) AA product was not enough to attract people too AA.

Flash forward to 2018/19 - every legacy is now pricing matching the ULCC's (not necessary on all flights/days throughout the booking curve), and Spirit market share has suffered dramatically as a result. Spirit has publicly stated that they will only grow / add markets that they do not have nonstop legacy competition in. There are not that many 'dots' left to serve, and that is partly why (I speculate) they have not made a large plane order yet.

The trick is segmentation - you have to retain the the most price sensitive customers to fill the plane, without out spoiling, diluting, (and alienating) your inelastic business passengers. Delta has figured this out, and is capitalizing and executing on this strategy extremely well.

AA will be okay, it is just going to be a trying next few years. Watch for a 'grand gesture' over the next several months that says AA has heard your complaints and is pivoting.

I am a very junior captain, at the bottom of reserve, and it is brutal. Worse than I could have imagined - that is why I have applications out everywhere (only at companies that have strong financials and a positive trajectory) as making real money / 401k now, verses in 5 years is something I am not willing to compromise on.

Because their capital (as they have 7B in cash) is probably making considerably more than 5% - therefor if they just paid out of pocket - they would be missing out on that considerable opportunity. Every capital decision is stress tested against a sophisticated NPV model. At the end of the day 750M is only 1.7% of their FY 2018 revenue.

Indeed. APC scarcely has the bandwidth to post the complete list.

:rolleyes:

It's capital. Not capitol. Go take a look at the latest AA balance sheet instead of just pulling numbers out of the air. They have approximately 4B in cash.

If that is the reasoning for this loan then OK. I do not know. As AA only manages stock price for the current quarter, this move won't help them in that regard.

Thank you for the spelling correction. Those numbers are not out of thin air, you have to look beyond the P&L to understand the total amount of liquidity. As I said above - this was my life for 5 years.

Having done all that what we want to be certain is at least in today's environment that we have at least $7 billion of liquidity at any time, that's an enormous amount of cash for a company our size. But that is the cost to our shareholders and it being more levered.
Doug Parker - April 26, 2019

I don't want to get into a p*ssing match - I like having these debates, and questioning our employers strategy. This will make us all more well rounded employees.

I never believed that making a decision simply for the short term stock gain is the best strategy, and I am optimistic that our senior leaders agree. Wall Street does not know all, and can absolutely be destructive if the strategy is focused on short term stock verses building strong fundamentals.

The problem with wall street they say they like long term planning but in reality all they care is for management to make the short term numbers at any cost.

In fairness, there was a hue and cry that execs at poorly performing companies were being overpaid and a movement to cap the fixed portion of exec salaries and incentivize them through bonuses linked to share price each quarter.

If you don’t want short term thinking you probably shouldn’t incentivize short term thinking.


:rolleyes:

Mutual = Fired

Really, who other than wall street and board members would approve that.
The manner it's set up is guarantee major profits for the executive team.
What they dont get paid by the left hand but by the right hand. Same b.s..

Im glad I left for mainline.

Former E175Driver.

Re: I thought flow was the only path to AA
 

Why haven’t I thought of that? I guess I’ll go put my apps in.

Not all of us can check every box.

Former C152Driver.

And yet we didn’t get rid of you.

I said back in 2015 that Ric “Dick” Willy couldn’t predict the flow rate of a turd down a toilet. Get rid of that bundle of joy and your QOL can only improve.

And whatever happened to Fibergas, is that joke still your CEO or is he taking a break to enroll in an ESL course?

Bahahahahahahaha

So true and so funny! [emoji23][emoji23][emoji23]


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In Oct 2013, The ENTIRE MEC. (Yes even the TC ones) told Pedro before JW left that promoting RW would be a poison pill for everything and everybody. It proved correct. Took 6 years to get back to just this point. The only one worse was Glass.

Everyone at Eastern and PanAm thought they were set, too big to fail. Today’s prince of the prom is tomorrow’s frog. The dam place is being run by a felony drunk. AA has THE highest D/E ratio and struggles when the economy is this good?

Eagle was tun into the ground by a group of ignorant mutts, envoy is headed the same direction, lead by a newer/dumber group of mutts.

Don’t know how wise it’s gonna play out to be on the bottom of either list.

Ah Cujo/Divine Wind... though your methodology at times was a bit misguided (Mason), you fought the good fight and your efforts were noble in their intent. But yeah, Glass played you like a fiddle.

With the unions help

Would you guys like some cheese with this whine? Seriously. Talking about going to Spirit or Frontier when you already have a seat at AA. Why would you work for these bottom feeders when you already have a seat at the big table? Stupid is as stupid does I suppose.

"Why would you take a job at a bottom feeder in four years when you already have a seat at a bottom feeder in ten years?"

Because when the ‘big table’ guys eventually buy up the ‘bottom feeders’ the SLI will put the ‘bottom feeder’ pilots about five years seniority ahead of the guys/gals who stayed with the wholly owned regional and waited for the flow.

No one after protected pilots has a guaranteed seat anywhere

Oh no, their back. After the protected pilots then what? Guarantee I don’t think so.

Wait, Cujo is/was Divine Wind? No ****! The old days of the Lounge...

I have met several pilots that do not want to work for a specific carrier, for various reasons. So, if you are at Envoy, and you don't want to work for AA, after Envoy, it would make sense to leave Envoy.

As an example, I met one pilot who wanted to got to JetBlue...only. He lived near Boston. He said that JB was the only carrier with a Boston base, so it was the only place he applied to.

No. Two different people.

Incoming RW email comments in 3...2...1...


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[QUOTE=UncreativeUser;2823948]Incoming RW email comments in 3...2...1...


Deleted it as soon as I saw it was about “Ops Reliability”

Make sure to pull the bridge and close the door before you get the close out so you can RTG when there’s a miscount.

sounds good to me get paid while ops figures it out. overblockcity.

I just took a slimy dump by B40 and I swear it sounded just like the text of Ric’s email if he was to stand hear and read it to me.

The OP might be more reliable if we were paid properly.

In exchange for an AA seniority number and mainline wages I will gladly be at the gate 45, heck even 46 minutes early, and I’ll fly this jet as fast as possible.

It almost seems like Rick purposefully sends out emails like these to try and taunt us.

Wait a minute, I am confused.

Be at gate 45 min prior to departure? Thats not what the FM1 states. We have to sign in that much before a sequence but I thought it was 20 min prior we had to be at the gate.

Leaving passengers and jumps seaters behind? That should boost moral a ton. I can already see gate agents leaving us there because it took them too long to process all the other passengers.

We are always told to fly at planned airspeed for fuel/diversion reasons. I won't be flying faster simply because I feel it will make up more time. Do you think the company will have our backs if we divert because of fuel after an unplanned event because we "were trying to make up some time"?

All of this talk of Ops Reliability goes out the window the second weather, mechanical or VIP issues come up. Its not the 1 min late departure that FUBARS the system. These people are amazing.

I am honestly surprised they get as good of work out of the entire Envoy employee group as they do considering the pay and qol.

Ric "The Dick" at it again.

In that email RW says fly faster to make up time that may have been lost. On the other hand we have the training dept. saying to fly the flight planned speeds to essentially prevent any overspeeds that could occur.

This place is a complete joke and the low value aviator in me says why bother anymore.

Fm1 says flight crews should be at operations or the departure gate, depending on airport, for normal or adjusted show times.