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Analyst says 20% probability of APA having to take a pay CUT!
Analyst Jamie Baker of JP Morgan suggests that contract talks at American Airlines aren't likely to produce a steep increase in employee wages, and could even result in a pay cut. Here's what he said in a report:
We ascribe a 50% probability to a wage increase no larger than 10%, 30% probability to wage-neutral contracts, and 20% probability to lower wages. Yes, we just said 'lower wages'. Management and pilot rhetoric likely to deteriorate next year, but pilots know they're walking a tightrope. Any involvement of an NMB-appointed mediator down the road would likely focus on the fact that AMR wage rates are meaningfully higher than market to begin with. Sure, pilots may ask for hefty increases, but the facts remain: AMR wage rates are already uncompetitive, and negotiations are taking place against a backdrop of economic uncertainty. Not too shabby of a position for management, or stakeholders, to be in, in our view. |
As long as we continue to have an "oil friendly" administration who cares less about the workers, and more about making their "black gold" friends richer, it is you and I who will continue to pay for the majority of the fuel increases. Kind of interesting how oil continues to go higher and higher and the only people getting blamed for it is US!!! Sad, isn't it? Going to be really interesting to see how much profit the oil companies come out with especially when oil is $20 a bbl higher than last quarter! :rolleyes:
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Jamie Baker... probably paid off by AMR press to spout such rosy outlooks.
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Originally Posted by FlyByCable
(Post 237538)
Analyst Jamie Baker of JP Morgan suggests that contract talks at American Airlines aren't likely to produce a steep increase in employee wages, and could even result in a pay cut. Here's what he said in a report:
We ascribe a 50% probability to a wage increase no larger than 10%, 30% probability to wage-neutral contracts, and 20% probability to lower wages. Yes, we just said 'lower wages'. Management and pilot rhetoric likely to deteriorate next year, but pilots know they're walking a tightrope. Any involvement of an NMB-appointed mediator down the road would likely focus on the fact that AMR wage rates are meaningfully higher than market to begin with. Sure, pilots may ask for hefty increases, but the facts remain: AMR wage rates are already uncompetitive, and negotiations are taking place against a backdrop of economic uncertainty. Not too shabby of a position for management, or stakeholders, to be in, in our view. I bet your Supervisor Kicks 100% of your ass tomorrow. Good news to all/any comm mulit instr rated pilots. If my Union APA cannot arrange a pay raise and instead I take another pay cut, then there will be a job opening at American Airlines (Mine) This is all management 101. And this is another analyst pulling numbers out of his arse. |
Originally Posted by ewrbasedpilot
(Post 237567)
As long as we continue to have an "oil friendly" administration who cares less about the workers, and more about making their "black gold" friends richer, it is you and I who will continue to pay for the majority of the fuel increases. Kind of interesting how oil continues to go higher and higher and the only people getting blamed for it is US!!! Sad, isn't it? Going to be really interesting to see how much profit the oil companies come out with especially when oil is $20 a bbl higher than last quarter! :rolleyes:
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Originally Posted by ewrbasedpilot
(Post 237567)
As long as we continue to have an "oil friendly" administration who cares less about the workers, and more about making their "black gold" friends richer, it is you and I who will continue to pay for the majority of the fuel increases. Kind of interesting how oil continues to go higher and higher and the only people getting blamed for it is US!!! Sad, isn't it? Going to be really interesting to see how much profit the oil companies come out with especially when oil is $20 a bbl higher than last quarter! :rolleyes:
"WASHINGTON -- Dealing with global warming will be painful, says one of the most powerful Democrats in Congress. To back up his claim he is proposing a recipe many people won't like _ a 50-cent gasoline tax, a carbon tax and scaling back tax breaks for some home owners. _A 50-cent-a-gallon tax on gasoline and jet fuel, phased in over five years, on top of existing taxes." That should help the airline industry. This is being sponsored by Rep. Dingell (Chairman of the House Energy and Commerce Committee). Have fun watching your Dems wreck the economy because they think the government can control the weather. |
[QUOTE=Futureman;237772]Here is a proposal from your Dem buds:
"WASHINGTON -- Dealing with global warming will be painful, says one of the most powerful Democrats in Congress. To back up his claim he is proposing a recipe many people won't like _ a 50-cent gasoline tax, a carbon tax and scaling back tax breaks for some home owners. _A 50-cent-a-gallon tax on gasoline and jet fuel, phased in over five years, on top of existing taxes." That should help the airline industry. This is being sponsored by Rep. Dingell (Chairman of the House Energy and Commerce Committee). Have fun watching your Dems wreck the economy because they think the government can control the weather.[/QUOTE] because the Repubs have done such a good job. I sure hope we don't get back to the times of 92-00 because those were bad times. especially with all of those trials...:) |
Originally Posted by Futureman
(Post 237772)
Here is a proposal from your Dem buds:
"WASHINGTON -- Dealing with global warming will be painful, says one of the most powerful Democrats in Congress. To back up his claim he is proposing a recipe many people won't like _ a 50-cent gasoline tax, a carbon tax and scaling back tax breaks for some home owners. _A 50-cent-a-gallon tax on gasoline and jet fuel, phased in over five years, on top of existing taxes." That should help the airline industry. This is being sponsored by Rep. Dingell (Chairman of the House Energy and Commerce Committee). Have fun watching your Dems wreck the economy because they think the government can control the weather. |
Originally Posted by Futureman
(Post 237660)
It's called supply and demand. Have you been reading the Daily Worker?
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My Math
I can assure Jamie, with a 20 % paycut ,100% of the metal
WILL NOT MOVE!!!!!!! |
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