What it would take to be a yes to LOA13
#51
Gets Weekends Off
Joined APC: Sep 2016
Posts: 918
I expected nothing less than a the-sky-will-fall-if-it-fails conversation from mgmt today. They are the one that need it.
#52
Nope, sorry. For months (even before the AA agreement was announced) management clearly touted that we entered this crisis with second best balance sheet in the industry with still many untapped sources of liquidity if we need them in the future. Once the NEA was announced the company line was that this had the potential of accelerating our recovery.... LOA12 was agreed to, that should be the limit with goodwill and hope, anything beyond that requires tangible benefits and guarantees NOW. We are not on the verge of bankruptcy, far from it.... unsustainable cashbleed? For now of course, but it’s improving everyday, even the bluest of Governors are opening up and we are vaccinating over 1 million a day and increasing, so the cash burn will continue to improve. If you are convinced that Bk is right around the corner ask yourself why we are still moving ahead with Europe, restarting the 320M refurbishment line, only recently reinstated full seat capacity.... Why is the JBLU stock short volume decreasing? It does not all fall on our shoulders to pass LOA 13, the NEA codeshare can proceed initially without it and a new LOA can be crafted that will address our concerns and satisfies the relief the company needs without leaving anything to chance. B6 is not in a bad spot, AA most certainly IS.... my humble opinion this is a way for AA to secure their NE network and FF base in advance of a CH 11 filing and retrenchment into CLT, ORD and DFW.
#53
Line Holder
Joined APC: Oct 2018
Posts: 55
I understand your frustration with forums and how people attack on this forum. The way that I look at it is this. I love working here love the code sharing and thinking outside the box and the vision of this code share in LOA 12. I just can't get past giving up scope which would equate in JetBlue jobs and progression. Voting NO to LOA 13 I would argue would give us more flying since it deals with giving flying to others that in my opinion we should do because it is in our CBA. F7 and F8 are under the Title Joint Venture Restrictions. The company knows what our contract says and could have tailored the NEA respecting our CBA instead they chose to test us and make us give up something major scope that we have for good reason. I want this company to succeed and I want Jetblue pilots doing the flying. We can agree to disagree. Thanks for your opinion
#54
Gets Weekends Off
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,918
Post or don’t post but when you do you open yourself up. If you are going to walk out and say if we don’t vote yes the company will forget the deal and furlough you better be ready for some push back.
You remind me of my old sim partner who (is probably reading this) was an absolute atheist and had stickers all over his flight bag bashing people who believe in GOD yet he could not understand why some would take issue with that. Say what you want but you better expect to be challenged.
If you think that’s true great. I think that is a very extreme view.
#55
Gets Weekends Off
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,918
I could see this happening as well. They said AA has been bleeding money in NYC for a while now. I assume they remain in the NYC markets to stay relevant in the business contract world, as well as being a global player. Fast forward, AA is forced to shed underperforming markets to get costs under control and focus on turning profits to pay down debt or worst case CH11 and being forced to shed red ink markets. In either scenario this gives them a big/bigger presence in NYC by off-loading/leasing those slots to Jetblue that they would have either needed to abandon or worst case sell in CH11. They off-load the slots to Jetblue with a deal that gives them relevance for 10+ years as well as feed for lucrative wide body flying out of NYC, and allows them to be competitive still in corporate contracts and FF base in BOS, NYC + EWR. If AA does not do this, they will slowly get picked off by Delta/United in the NYC market, from not being financially positioned to keeping underperforming markets around.
AA needs this deal.
#56
Gets Weekends Off
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,918
And this is exactly why AA approached B6
In short if LOA 13 is rejected it will be the B6 ELT that will be under pressure from the BOD for jeopardizing the full realization of the NEA by low balling the pilots (exactly what brought us CBA1 in short order during the summer of 18). If everyone is truly playing in good faith a new TA will be agreed upon in short order with better language to address our concerns and an immediate pay bump, and who knows maybe a more favorable PS formula. Everyone is happy and the NC going fwd will be far more hesitant to throw us agreements with suspect language and/or without effective use of leverage to get items we want.
In short if LOA 13 is rejected it will be the B6 ELT that will be under pressure from the BOD for jeopardizing the full realization of the NEA by low balling the pilots (exactly what brought us CBA1 in short order during the summer of 18). If everyone is truly playing in good faith a new TA will be agreed upon in short order with better language to address our concerns and an immediate pay bump, and who knows maybe a more favorable PS formula. Everyone is happy and the NC going fwd will be far more hesitant to throw us agreements with suspect language and/or without effective use of leverage to get items we want.
let’s try being the ELT for a second.
Hey board and Wall St we know it’s our job to increase share holder value and we got this great deal with AA it’s basically once in a generation and will get us out of this covid mess. But the pilots said no so we are walking away. I’m pretty sure the ELT will be told to make it work because the other option is shrinking the company and share holder value.
#57
Gets Weekends Off
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,918
Nope, sorry. For months (even before the AA agreement was announced) management clearly touted that we entered this crisis with second best balance sheet in the industry with still many untapped sources of liquidity if we need them in the future. Once the NEA was announced the company line was that this had the potential of accelerating our recovery.... LOA12 was agreed to, that should be the limit with goodwill and hope, anything beyond that requires tangible benefits and guarantees NOW. We are not on the verge of bankruptcy, far from it.... unsustainable cashbleed? For now of course, but it’s improving everyday, even the bluest of Governors are opening up and we are vaccinating over 1 million a day and increasing, so the cash burn will continue to improve. If you are convinced that Bk is right around the corner ask yourself why we are still moving ahead with Europe, restarting the 320M refurbishment line, only recently reinstated full seat capacity.... Why is the JBLU stock short volume decreasing? It does not all fall on our shoulders to pass LOA 13, the NEA codeshare can proceed initially without it and a new LOA can be crafted that will address our concerns and satisfies the relief the company needs without leaving anything to chance. B6 is not in a bad spot, AA most certainly IS.... my humble opinion this is a way for AA to secure their NE network and FF base in advance of a CH 11 filing and retrenchment into CLT, ORD and DFW.
#58
Gets Weekends Off
Joined APC: Jul 2018
Posts: 704
also this.
let’s try being the ELT for a second.
Hey board and Wall St we know it’s our job to increase share holder value and we got this great deal with AA it’s basically once in a generation and will get us out of this covid mess. But the pilots said no so we are walking away. I’m pretty sure the ELT will be told to make it work because the other option is shrinking the company and share holder value.
let’s try being the ELT for a second.
Hey board and Wall St we know it’s our job to increase share holder value and we got this great deal with AA it’s basically once in a generation and will get us out of this covid mess. But the pilots said no so we are walking away. I’m pretty sure the ELT will be told to make it work because the other option is shrinking the company and share holder value.
“ELT that will be under pressure from the BOD for jeopardizing the full realization of the NEA by low balling the pilots”
let’s start to realize leverage when we actually have it, at the very least for more than just 2%. Just like the Summer on 2018... don’t just **** leverage away. Once again the ELT is in the hot seat, They have obviously sold the BOD on this once in a lifetime opportunity and have their blessing. 2% and a bunch of Swiss cheese language..... Really?..... Really?