It’s all in how they immediately trounced an agreement and all they said is things changed. Well they didn’t have the balls to tell all other employees that a deal is a deal. They’re worried it’d show other groups that there is a benefit to a union. Period. Well maybe don’t agree to it next time. We are always made aware how we are different than the rest of the employees due to our “bargaining agent” and that things that are given en masse to all others (like merit raises) aren’t given to us b/c of the contract. So we negotiate a very industry average LOA that does save a lot of money but it immediately gets broken and then asks for something different.

Maybe they should’ve kept the SILs and then asked for something additional.

It set a precedent. Set a very bad tone. They broke a promise. Then got a huge bailout. After horrible greedy practices of massive waste of stock buybacks that only help institutional investors or executives selling massive amounts of stock. Then they have the nerve to cut our pay in lieu of a massive tax funded bailout... sorry. We made a great offer. You agreed.

Once bitten. Twice shy. We learned our lesson the last time.

Anyone else think of this?

Bust a deal face the wheel!

Sent from my SM-G965U1 using Tapatalk

Great response by the MEC.

Very refreshing to see comms from ALPA before the company could get something out, I’m guessing Gummball is looking like an idiot right now.

The company has reneged on a lot of deals in the past few years, especially since Ed has taken over. When they need help it’s time for us as a work group to say “enough is enough.”

We as pilot are all about helping and we want to get the mission done, but we need to be treated fairly. That is why the company must give us a legitimate offer that helps us help them.

Enough is enough Ed.

That would actually make a great lanyard.

I will give kudos to all my fellow pilots who contacted their Reps and made their desires known. Sounds like it was a pretty easy unanimous decision by the MEC.

Denny

can confirm that.

Profit sharing expense will be commensurate with our profit. I'm not planning for any this year so the expense is 0. and BTW if we make a profit and get PS, then by definition they can afford the employee expenses.

I’m not trying to troll you. Just wanted to give you this language from the bill which applies directly to the grants. It’s at the discretion of Steve Mnuchin, Secretary of Treasury, to ask for equity stake for grants. In contrast, the loans (5yr max term) must have collateral agreements from the company receiving; so if they pay off the loans that the collateral agreement is terminated. The equity for grants COULD be more murky if Mnuchin chooses to exercise that equity requirement, because there isn’t any mechanism to retrieve that equity back from the government; in fact it would seem that buying back that equity from the government would go directly against the “no stock/equity buybacks” this bill specifically prohibits until September 30, 2021.

SEC. 4117. TAX PAYER PROTECTION.
The Secretary may receive warrants, options, pre- ferred stock, debt securities, notes, or other financial in- struments issued by recipients of financial assistance under this subtitle which, in the sole determination of the Secretary, provide appropriate compensation to the Fed Government for the provision of the financial assistance.

SEC. 4114. REQUIRED ASSURANCES.
(a) IN GENERAL.—To be eligible for financial assistance under this subtitle, an air carrier or contractor shall enter into an agreement with the Secretary, or otherwise certify in such form and manner as the Secretary shall prescribe, that the air carrier or contractor shall—
(1) refrain from conducting involuntary furloughs or reducing pay rates and benefits until September 30, 2020;
(2) through September 30, 2021, ensure that neither the air carrier or contractor nor any affiliate of the air carrier or contractor may, in any transaction, purchase an equity security of the air carrier or contractor or the parent company of the air carrier or contractor that is listed on a national securities exchange;
(3) through September 30, 2021, ensure that the air carrier or contractor shall not pay dividends, or make other capital distributions, with respect to the common stock (or equivalent interest) of the air carrier or contractor;

The irony of all of this is that in an effort to downplay the importance of a union to the other work groups, the company actually managed to do the exact opposite.

Can you name one?