I just googled it and saw they took up to 20% pay cut and increased health cost. But whats worse is how many jobs were lost and brooken promises on flow ups and all the new contract carriers brought into continue bidding against each other. Don't forget parking many aircraft's. The same things Eagle will be faced with when AMR goes into court.

 

Compass has never been through BK.

 

Right, Compass was brought in to help stab Mesaba pilots in the back. Again another BK trick to screw pilots. But this blueprint has failed. Mid Atlantic and Compass never turned out the way it was planed. Just a another trick to drive pay down.

 

EMB, you think AMR cares about EAGLE?????

You also think ANYONE wants to Merge with CANCER, I mean AMR?????

 

It's not on the company benefit to shrink Eagle overnight. That would leave a very senior pilot group. For this of you who don't work at Eagle. Eagle has currently awarded (not been to upgrade training yet) to an FO who has been on property around 4 1/2 years. Most captains with less than 8 years seniority don't hold lines and we have more captains with over 15 years seniority than we do with less than 10. Shrinking Eagle without movement would cost the company more than they would save, and besides who out here can just take out flying away. Understand we operate 275+ aircraft with over 3000 pilots. They will shrink Eagle as they move pilot not before. This is similar to Comair (Airline wanting to shrink the regional carrier) But they don't want to destroy it. The problem is the seniority of pilots. Our contract is already average with the rest of the industry. Also if AA goes BK, you guys think that the judge will just allow huge concessions of AMR employees while all of management receives pay raises. AMR CEO received an 11% pay raise in 2010! Huge aircraft order, absorbing Eagle Debt and now try to screw employees. Management has more at stake than the employees on this one, if not we would be in BK court already.

 

The primary reason AMR kept the AE debt was not dumping it in BK, but because they essentially HAD to. To cast Eagle out on it's own with a debt load that would certain to sink it by making it impossible to finance new aircraft and thus be unable to bid for other flying NECESSARY for it's survival, would be grounds for action from the shareholders.

 

No, I'm pretty sure Compass was brought in to stab NWA pilots back. Mesaba pilots got 40+ CRJ900's while DC9's were parked in the desert and NWA pilots were furloughed.

 

Can someone please explain, in Layman's terms, why the divestiture is better for the shareholders. AMR stock is a whopping $3.32. Now the shareholders will get stock in a, pretty much, worthless public company. How will they make money off the divestiture? Add to that that AMR will keep AE debt, which will lower the stock price. We can't be the only ones thinking AMR will file ch 11.

 

Also most of Eagles debt is the aircraft, well if AMR is going to transfer those to AA they have to take the debt as well. AA purchased the aircraft from Eagle this is how they kept Eagle's debt. AMR can't afford for Eagle to fail in the beginning, it will take years for them to spread the feed. Not sure if some of you are aware but AMR can actually outsource 50 seat flying right now, without Eagle being spun off, they do it with RAH, and they have done it in the past with TSA. Why didn't AMR just give more airplanes to RAH when they announced they were parking ERJ and putting 60 pilots on the streets. THis would have been a great way for the company to put pressure on the pilots by continuing the outsourcing.

 

"posible" divestiture = In negotiations with AA pilots while they start retiring and demand for pilots at AA starts to increase (they want to get the contract signed and relax SCOPE limitations) and also AE pilots approaching contract negotiations as well as need senior pilots to move on so we can lower pilot cost. AMR wants to feel Eagle, if not sold will continue with the potential of a spin off. Read all the quotes from AMR officials, AE could remain wholly owned but spreading the feed remains a priority.