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Originally Posted by sandman22
Not exactly. It's even worse than that. We'll have the same lousy contract that we have now for at least the next 2+ years and then we'll get a new lousy arbitrated contract, if the company survives that long.
It won’t survive and if it does it’ll be in a much smaller form. EVERYONE will be heading for the exits now, and only a fool would apply here but Atlas will keep their ridiculous banner ads up on APC and keep spamming every pilots email hoping to lure a few more suckers.
AMC just sanctioned the company for their horrible on time performance and flights are days late if they go at all. The company is at negotiations this week for 3.5 days of which 4 hours will be actual face to face if past practice is continued. No more negotiations scheduled.
The stock is cratering, down almost 50% in a month. Shares fell after the arbitration win for the company. The press release states mgt believes an agreement can now be reached in less than 9 months. What garbage, try another 3 years like the last go around. They’ve broken every written and verbal agreements with the union so their words mean nothing. Wall Street isn’t buying the company propaganda anymore and if the 3rd qtr comes out as bad as expected the shares will be in the teens. Penny stock territory by Christmas then AAWH will declare bankruptcy. An imposed bankruptcy CBA wouldn’t be any worse than what’s inplace now.