Mergers
#72
Line Holder
Joined: Jan 2017
Posts: 638
Likes: 12
You made that prediction AFTER COVID19 had started. I believe it was even after UA stopped hiring. You said you had inside info.
#74
There will be a 30% contraction across the board in the fall. And some airlines are likely to not even take the grants/loans from the Federal government and will likely begin furloughing and cutting before the fall. There will be more contraction in 2021 if demand doesn’t begin to show signs of returning. AA is at serious risk of declaring bankruptcy. In fact, I wouldn’t be surprised if some of their debt might not already be considered in default and they probably have people working on preliminary filings. I’m not being alarmist. I spoke with a senior hedge fund manager who knows quite a bit about the airline industry. AA is in for a very rough 5-10 years. Even if they declared and liquidated to pay debt they would be over $15B short on their obligations.
Anyone hitching their wagon to the AA Star may want to rethink that strategy. Flow is meaningless at this point. Let’s hope that they don’t come seeking pay cuts that are severely deep and other concessions that will set us all back many years. Get used to living on 75 hour (or hell maybe even 65 hour) min guarantee and at a 20-30% pay cut.
When hiring resumes it likely won’t be for at least 2-3 years and it won’t be at the legacies. If you want to sit and hope feel free. I’m preparing my exit.
Anyone hitching their wagon to the AA Star may want to rethink that strategy. Flow is meaningless at this point. Let’s hope that they don’t come seeking pay cuts that are severely deep and other concessions that will set us all back many years. Get used to living on 75 hour (or hell maybe even 65 hour) min guarantee and at a 20-30% pay cut.
When hiring resumes it likely won’t be for at least 2-3 years and it won’t be at the legacies. If you want to sit and hope feel free. I’m preparing my exit.
#75
Banned
Joined: Dec 2019
Posts: 270
Likes: 0
There will be a 30% contraction across the board in the fall. And some airlines are likely to not even take the grants/loans from the Federal government and will likely begin furloughing and cutting before the fall. There will be more contraction in 2021 if demand doesn’t begin to show signs of returning. AA is at serious risk of declaring bankruptcy. In fact, I wouldn’t be surprised if some of their debt might not already be considered in default and they probably have people working on preliminary filings. I’m not being alarmist. I spoke with a senior hedge fund manager who knows quite a bit about the airline industry. AA is in for a very rough 5-10 years. Even if they declared and liquidated to pay debt they would be over $15B short on their obligations.
Anyone hitching their wagon to the AA Star may want to rethink that strategy. Flow is meaningless at this point. Let’s hope that they don’t come seeking pay cuts that are severely deep and other concessions that will set us all back many years. Get used to living on 75 hour (or hell maybe even 65 hour) min guarantee and at a 20-30% pay cut.
When hiring resumes it likely won’t be for at least 2-3 years and it won’t be at the legacies. If you want to sit and hope feel free. I’m preparing my exit.
Anyone hitching their wagon to the AA Star may want to rethink that strategy. Flow is meaningless at this point. Let’s hope that they don’t come seeking pay cuts that are severely deep and other concessions that will set us all back many years. Get used to living on 75 hour (or hell maybe even 65 hour) min guarantee and at a 20-30% pay cut.
When hiring resumes it likely won’t be for at least 2-3 years and it won’t be at the legacies. If you want to sit and hope feel free. I’m preparing my exit.
#76
I know much more than you do there bud. I do a lot outside of the flight deck in aviation. Keep being a weirdo on here all you want. You just look silly to everyone. My exit plans likely won’t involve a legacy in the near future. But they certainly won’t involve AA.
#78
Gets Weekends Off
Joined: Jan 2017
Posts: 2,510
Likes: 0
Pack it in and go back to playing soldier wanna be. No one wants you here. Or anywhere else really.
#79
Line Holder
Joined: Nov 2019
Posts: 42
Likes: 0
This. As someone who spent the better part of a decade dodging vindictive management at American eagle (Envoy), and did finally flow, I can 100% say you are not "AA" while at envoy. It doesn't matter how bad you want it to be true.
#80
Gets Weekends Off
Joined: Jan 2017
Posts: 2,510
Likes: 0
Other than a few former cadets trying to prop up their social media presence, the only one that seems to think, or at least say, Envoy = AA is THKooj. Why he insists on continuing to preach this inane drivel is something that is only in his delusional mind.
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