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Old 02-01-2014 | 05:14 AM
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http://www.dallasnews.com/business/a...scheduling.ece

American to Alter Some Hub Schedules in Plan to Boost Earnings - Businessweek

Here are two small article about the "re-banking." In this article it mentions nothing of "re-fleeting" or exchanging 50 to 76 seats, but in the conference call it did.
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Old 02-01-2014 | 05:24 AM
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Your going to get the planes your going to get no matter what! Vote no! Let's change this industry around
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Old 02-01-2014 | 05:36 AM
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Originally Posted by TheBlueBaron
Most likely mgt knows where the airframes are going already. They just want to lock y'all into a contract as cheaply as possible for the next 10 years. They know they cannot cover your flying with anybody else because they see nobody else can fill a class either. That's why they've sweetened the deal once already.

And did you see how much AAG made last qtr? You think they need these concessions? Why in hell would you give them concessions? Hold the line. Get paid what you deserve!
+1 someone gets it!
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Old 02-01-2014 | 05:54 AM
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Originally Posted by TheBlueBaron
Most likely mgt knows where the airframes are going already. They just want to lock y'all into a contract as cheaply as possible for the next 10 years. They know they cannot cover your flying with anybody else because they see nobody else can fill a class either. That's why they've sweetened the deal once already.

And did you see how much AAG made last qtr? You think they need these concessions? Why in hell would you give them concessions? Hold the line. Get paid what you deserve!
Of course they don't need more concessions. It's called fiduciary responsibility to shareholders. Like it or not.
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Old 02-01-2014 | 06:03 AM
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Originally Posted by Hurryage65
Your going to get the planes your going to get no matter what! Vote no! Let's change this industry around
Says who? The only guarantee if its a NO vote is the dying fleet of embraer 145's till they die.
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Old 02-01-2014 | 06:21 AM
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Originally Posted by SkylineAviation
Of course they don't need more concessions. It's called fiduciary responsibility to shareholders. Like it or not.
Not. They are preying on emotion and shiny new objects. Some are gullible. Some are not. As far as "fiduciary responsibility" goes, the entire group should bear it. How about everyone take a 20% haircut?? Let's make those shareholders happy!!
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Old 02-01-2014 | 06:31 AM
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Originally Posted by chignutsak
Not. They are preying on emotion and shiny new objects. Some are gullible. Some are not. As far as "fiduciary responsibility" goes, the entire group should bear it. How about everyone take a 20% haircut?? Let's make those shareholders happy!!
You think I'm advocating this contract, or think I agree? I'm simply putting out information that came directly from the shot callers.

I think the whole thing stinks but at the same time everyone needs to be well informed. You can not deny that management has fiduciary responsibility. If not they go to jail (i.e. Enron). And yes, they prey on that but it's not only limited to airlines, it's corporate america.

Vote yes, vote no...make a move and stick to it. But at least know the facts in a rational way. Try to think as others around you do and then you can know others motives and next move. It's a great negotiating tactic that management has mastered and we're just trying to play catch-up.
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Old 02-01-2014 | 06:40 AM
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there is no fiduciary responsibility regarding eagle/envoy, it is a private held entity not a public company. planes are going to go top whom management wants. if they can get another feeder to get there employees to take pay cuts which that is not happening at RAH, SKW or EJT or anyone else that is not owned by a mainline carrier.

the only ones they can scare is the owned feeders. so let them Comair eagle/envoy that is when the fiduciary responsibility at mainline comes in when everyone here at eagle envoy bails in large numbers and they cant replace the feed fast enough they will looses passenger revenue. that is when they have to explain to the board and wall street how they miscalculated and that it will take about 1-2 years to correct. DUI Dougy will be gone and everyone in his management team.
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Old 02-01-2014 | 06:49 AM
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Originally Posted by buddies8
there is no fiduciary responsibility regarding eagle/envoy, it is a private held entity not a public company. planes are going to go top whom management wants. if they can get another feeder to get there employees to take pay cuts which that is not happening at RAH, SKW or EJT or anyone else that is not owned by a mainline carrier.

the only ones they can scare is the owned feeders. so let them Comair eagle/envoy that is when the fiduciary responsibility at mainline comes in when everyone here at eagle envoy bails in large numbers and they cant replace the feed fast enough they will looses passenger revenue. that is when they have to explain to the board and wall street how they miscalculated and that it will take about 1-2 years to correct. DUI Dougy will be gone and everyone in his management team.
American Airlines Group ticker AAL. Formerly AMR, holding company of AA, Eagle, Executive, and dozens others of companies. What do you mean not public? Just because Eagle/Envoy has no trading ticker does not mean it's not public. Please go look through ALL bankruptcy documents and subsequently read the most recent 8-K and tell me it's not public. Then go one step further and listen to investor relations calls. If it was private, no disclosure is necessary nor SEC filings.
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Old 02-01-2014 | 06:57 AM
  #40  
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Originally Posted by SkylineAviation
Of course they don't need more concessions. It's called fiduciary responsibility to shareholders. Like it or not.
Your assumption that you need to pay employees less to see more return is over simplified. Plus the fact that most people who own the stock probably don't even realize it, they are just part of a large pension or mutual fund.

The truth is an employee is as much if not more of a stake holder in the company than a shareholder of the company. Concessions is just for the largest singular shareholders (top level brass) to cash in on their stock, options etc. All the folks invested via large funds will see pennies if that. It's a wealth transfer plain and simple.
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