Agree 100% flyhawk. Well said.

So the company has an issue over a cost that amounts to about 0.019% of the profit earned for 2014? Is that what I'm getting?

That's how you know the top heads are full of it.

$2,000,000,000 for stock buy-back, YES!

$80,000,000 for Long Rate Rig, NO!

They could have had their trojan-horse Contract for just 4% of the stock buy-back amount.

2015
Mainline shrinks by -30
Regional grows by +28

In 2015, the Company expects to increase its regional fleet size by 21 CRJ900 aircraft and 29 E175 aircraft. The Company expects to remove and park 21 ERJ140 aircraft and retire 1 Dash 8-100 aircraft.

In 2015, the Company expects to take delivery of 74 mainline aircraft including 7 A319 aircraft, 35 A321 aircraft, 18 737-800 aircraft, 2 777-300ER aircraft, and 12 787-8 aircraft. In addition, the Company expects to retire 104 aircraft, including 9 A320 aircraft, 37 757 aircraft, 6 767-200 aircraft, 9 767-300 aircraft and 43 MD80s by the end of 2015.


+$3 billion in stock buybacks (2014-2016)
-$1.2 billion saved in 2014 from no profit sharing
Shifting of money from one party to another. Employees --> Shareholders

American Airlines Plans $2 Billion Buyback as Fuel Drops - Businessweek

Exactly. Thank you AZ and Just Trust. You are highlighting my point. This whole debate / discussion about what should/shouldn't be included in the contract proposal seems to come out of the Theater of the Absurd. It's like arguing over how to rearrange the deck chairs as the Titanic is sinking.

As I listen live to the earnings announcement, I am heartened somewhat that two FAs so far have stood up and challenged Doug on profit sharing. I'm impressed. It would be nice if he feels this pressure from a variety of groups (including ours). Of course Doug is repeating the same drivel as in the past but.......Kudos to the two FAs.

They are going to get it without even having to spend that 4%. No trojan horse either. The pilots of the New American are opening the city walls and welcoming the destruction. Ooh, piece of candy...

I hope I'm just hearing a vocal minority that are voting yes, but I doubt it.

Sadly, I think you are right. It's like watching a car wreck in slow motion......not just the vote, but the aftermath and then the realization long from now by many that we're in big trouble in 2020.

It's funny how corporations always seem to buy back at high prices but issue when lower value. Seem to be perineal bad investors.

The correlation is extremely high. Something like 97% of the time, the stock buy backs are at the stock's all time peak.