Airline Pilot Central Forums - RAH 2014 1st Quarter (financial) Results.

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Quote:

Originally Posted by toomanyrjs (Post 1635288)

Heh, heh, heh. Sounds like the toonsters shot themselves in the dick again. :D:D:D

From what was out there, it sounded like the Teamsters and their Negotiating Committee recommended the deal and someone else said if you turn it down, management will come running back and give us more. Kind of like Eagle/ALPA.

We see how well that worked out. Looks more like local leaders a both places weren't quite as smart as they though they were.

Quote:

Originally Posted by TheTransporter (Post 1635295)

I read that article to mean that with the pilots not voting in the contract, the money that they wanted to use to fund the growth of the airline will be used to repurchase shares. I do not read it as they took the contract money and used it for something else. Maybe I'm misunderstanding your previous statement.

More like once the contract was in place, they would have the forward looking financial stability to go to the capital markets to finance the growth. They (the markets) like to see that stability before they loan. No different than wanting to see job stability before giving you a mortgage.