Eagle for sale / spin-off?
10-17-2007 | 03:06 PM
#1
Thread Starter
Line Holder
Joined: Feb 2007
Posts: 85
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Eagle for sale / spin-off?
Don't know who would want to buy Eagle but whatever.
http://www.thestreet.com/_yahoo/news...&cm_ite=NA
http://www.marketwatch.com/news/stor...D&siteid=yhoof
http://www.thestreet.com/_yahoo/news...&cm_ite=NA
http://www.marketwatch.com/news/stor...D&siteid=yhoof
10-18-2007 | 07:27 AM
#4
Prime Minister/Moderator
Joined: Jan 2006
Posts: 45,131
Likes: 797
From: Engines Turn or People Swim
AMR walks a thin line with eagle...most majors prefer to keep their regionals at arm's length so they can whipsaw them, and to avoid being held hostage by a striking regional pilot group.
While AMR risks a COMAIR style shutdown by owning eagle, they were also able to reap the profits from their regional. The regionals (and SWA) were the only solidly profitable airline segment from 2002-2006...eagle's profits contributed to keeping AA out of bankruptcy.
Also the eagle alpa contract is for some ridiculous length of time... 15 years or so? AMR has them right where they want them...wages locked in, no strike potential this side of the horizon.
While AMR risks a COMAIR style shutdown by owning eagle, they were also able to reap the profits from their regional. The regionals (and SWA) were the only solidly profitable airline segment from 2002-2006...eagle's profits contributed to keeping AA out of bankruptcy.
Also the eagle alpa contract is for some ridiculous length of time... 15 years or so? AMR has them right where they want them...wages locked in, no strike potential this side of the horizon.
10-18-2007 | 10:20 AM
#5
SDQ Base Chief
Joined: Mar 2006
Posts: 6,079
Likes: 41
From: 320 CA
AMR walks a thin line with eagle...most majors prefer to keep their regionals at arm's length so they can whipsaw them, and to avoid being held hostage by a striking regional pilot group.
While AMR risks a COMAIR style shutdown by owning eagle, they were also able to reap the profits from their regional. The regionals (and SWA) were the only solidly profitable airline segment from 2002-2006...eagle's profits contributed to keeping AA out of bankruptcy.
Also the eagle alpa contract is for some ridiculous length of time... 15 years or so? AMR has them right where they want them...wages locked in, no strike potential this side of the horizon.
While AMR risks a COMAIR style shutdown by owning eagle, they were also able to reap the profits from their regional. The regionals (and SWA) were the only solidly profitable airline segment from 2002-2006...eagle's profits contributed to keeping AA out of bankruptcy.
Also the eagle alpa contract is for some ridiculous length of time... 15 years or so? AMR has them right where they want them...wages locked in, no strike potential this side of the horizon.
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