Pilot ETO Program
#42
Let's make a deal sucka!
If this doesn't turn around by June, their won't be an AAL, so they can offer anything they want, they aren't going to have to pay it. They could offer a kabillion zillion dollars per day if they want, nobody will see a dime once the company is on it's butt.
#43
American Airlines isn't going anywhere. They may furlough, enter bankruptcy, emerge lean and mean, but you're fooling yourself if you think that they're going out of business.
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#44
Who's going to be the Lehman Bros or Bear Stearns of the airlines when the bottom drops out? While major banks were bailed out in '08, there were a couple that cratered before the government stepped in. Or do you think taxpayers are going to be on the hook for all the airlines?
#45
Gets Weekends Off
Joined APC: Jun 2015
Posts: 3,117
Who's going to be the Lehman Bros or Bear Stearns of the airlines when the bottom drops out? While major banks were bailed out in '08, there were a couple that cratered before the government stepped in. Or do you think taxpayers are going to be on the hook for all the airlines?
#47
Gets Weekends Off
Joined APC: Mar 2011
Posts: 1,022
Why would you think this? IMO, if SWA is gone so are many others. They by far have the most dense network domestically, the best balance sheet, and credit rating. So, I'm honestly curious why you think this.
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#48
because Gary has said this very frankly several times.
#49
Gets Weekends Off
Joined APC: Apr 2019
Posts: 332
SWA is the most financially sound carrier. Several workgroups are negotiating at this time and Gary will say just about anything to gain concessions. Gary took a 10% cut in pay due to the coronavirus while other CEOs dropped to zero. He can pack sand.
#50
Gets Weekends Off
Joined APC: Jun 2010
Position: DOWNGRADE COMPLETE: Thanks Gary. Thanks SWAPA.
Posts: 6,615
Amen. He took a 10% cut of his BASE SALARY which is only a part of his total compensation package.
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mmaviator
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07-21-2011 03:36 PM