American Airlines Presentation
12-22-2008 | 09:36 AM
#131
On Reserve
Joined: Jun 2008
Posts: 13
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From: CE680
I can see that it does definitely come from both sides. Point well taken. I think on both sides there will be those that at least try to have discussions and those who are clearly flaming.
Though I certainly have mixed feelings in general regarding all things aa, I will be wishing you guys well in the contract negotiations. Your success there could direclty benefit me when (if) my recall comes up or at least indirectly benefit me by lifting the industry.
Cheers,
Though I certainly have mixed feelings in general regarding all things aa, I will be wishing you guys well in the contract negotiations. Your success there could direclty benefit me when (if) my recall comes up or at least indirectly benefit me by lifting the industry.
Cheers,
12-22-2008 | 02:57 PM
#133
Gets Weekends Off
Joined: Oct 2005
Posts: 1,621
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From: CR7 Capt
hey, here is hypothetical question you. Say it comes down to the final hour, they give in, you get a great contract, big pay raise, etc... Could AMR turn around next day, declear bankruptcy, and void the contract? Also does APA have a right walk if that did happen?
12-22-2008 | 03:09 PM
#135
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Joined: Dec 2008
Posts: 267
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From: CRJ
AA pilots gave up more concessions outside of bankruptcy than United pilots did in bankruptcy court.
12-22-2008 | 10:00 PM
#136
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Joined: May 2006
Posts: 394
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From: MD80
In this credit market I wonder where AMR would receive exit financing should they decide to declare bankruptcy.
Regardless, I don't see BK as a threat...at least in the near term.
If a BK judge were to throw out an entire contract, then the APA would have the right to strike--and AMR would have the right to impose whatever workrules, pay, etc, that they'd like (I'm sure after the requisite 30 day cooling off period). My understanding is that judges are reluctant to throw entire contracts out and would rather "cherry pick" or foster negotiation between the parties involved to come to a resolution.
X
Regardless, I don't see BK as a threat...at least in the near term.
If a BK judge were to throw out an entire contract, then the APA would have the right to strike--and AMR would have the right to impose whatever workrules, pay, etc, that they'd like (I'm sure after the requisite 30 day cooling off period). My understanding is that judges are reluctant to throw entire contracts out and would rather "cherry pick" or foster negotiation between the parties involved to come to a resolution.
X
12-23-2008 | 07:23 AM
#138
Gets Weekends Off
Joined: Jul 2007
Posts: 390
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Orchestrating a bankruptcy is a poor choice for AMR. It would destroy shareholder's value and would destroy what little morale is left in the workforce. It's going to be a lot cheaper in the long run if AMR can get some leadership in the senior ranks that knows how to lead and motivate people instead of spew out cheap slogans and loot the company with bonuses.
12-23-2008 | 09:03 AM
#139
Gets Weekends Off
Joined: May 2006
Posts: 394
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From: MD80
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