Search

Notices

Difficult Decisions

Thread Tools
 
Search this Thread
 
Old 10-01-2024 | 06:59 PM
  #161  
Gets Weekends Off
 
Joined: Apr 2013
Posts: 4,590
Likes: 434
Default

Originally Posted by rickair7777
My point was that a corporate raider's flexibility might get inhibited by .gov if it was looking to significantly screw up air travel capacity. They might get stuck with a white elephant, and no way to squeeze blood from the stone.

Your examples are post-deregulation fallout. I think the last of that was settled with the big BK's and mergers 15-20 years ago, and the rise of the ULCC's.

We're in a new era now. Don't forget the past, but there are differences.
Exactly. The days of leveraged buyouts by M and A corporate raiders are over. This isn't that. Elliott has an extreme minority stake in Southwest. As long as they can get the other institutional investors to go along, they are good. The second they start going rogue, they will be quickly sidelined.
Reply
Old 10-01-2024 | 07:49 PM
  #162  
rickair7777's Avatar
Prime Minister/Moderator
Veteran: Navy
 
Joined: Jan 2006
Posts: 45,167
Likes: 803
From: Engines Turn or People Swim
Default

Originally Posted by Buchanan10
Well I don't trust Elliot. When the letters putting companies on notice only differentiate by the dates and the names at the top, I find that awful telling. To me that says they have a game plan to rake in as much money as they can no matter the cost to the companies or its employees.
I wouldn't trust them either. Just saying I don't think they have unmitigated free reign.
Reply
Old 10-01-2024 | 09:01 PM
  #163  
Line Holder
 
Joined: Sep 2009
Posts: 696
Likes: 31
Default

Originally Posted by rickair7777
I wouldn't trust them either. Just saying I don't think they have unmitigated free reign.
It may come down to 'who has the best lobbyists & biggest piggy bank'.
Reply
Old 10-02-2024 | 05:02 AM
  #164  
Banned
 
Joined: Apr 2018
Posts: 71
Likes: 0
Default

Originally Posted by 5tools
3/4 of would not have gotten hired.
Bingo. Lots of shady people at AT.
Reply
Old 10-02-2024 | 05:46 AM
  #165  
Line Holder
 
Joined: Oct 2017
Posts: 767
Likes: 221
Default

Originally Posted by Buchanan10
I think everyone should be suspicious of this group.
Okay, I’m suspicious of this group. Now what?
Reply
Old 10-02-2024 | 05:50 AM
  #166  
Line Holder
 
Joined: Jan 2006
Posts: 1,740
Likes: 15
Default

Did I hear that Southwest was looking to seek some -800’s and some Max’s? If so, are they planning to lease them back, or removing them from the fleet?
Reply
Old 10-02-2024 | 06:06 AM
  #167  
Banned
 
Joined: Jun 2022
Posts: 34
Likes: 0
Default

Originally Posted by Liberty
Okay, I’m suspicious of this group. Now what?
You tell me, I'm not the one supporting them. Seems to be a lot pilots here along with our own union supporting them.
Reply
Old 10-02-2024 | 06:39 AM
  #168  
Gets Weekends Off
 
Joined: Apr 2013
Posts: 4,590
Likes: 434
Default

Originally Posted by Buchanan10
You tell me, I'm not the one supporting them. Seems to be a lot pilots here along with our own union supporting them.
The union isn't supporting them, not sure where you got that info. They met with them to listen to their presentation. I would rather have a union that is engaged than not. There is a whole page on the SWAPA website dedicated to it.

There is nothing any pilot can do that is going to move the needle on this whole thing. Not a single thing.

However, I think a lot of pilots, myself included, are pro regime change with the C suite. We have already seen some movement in that direction offered up from the current execs. Elliott wants more, including Bob Jordan. I happen to agree with that. Our current batch of leaders has shamefully gotten us into this current predicament and caused the biggest meltdown in commercial aviation history all while taking bonuses and promotions. Nobody has been fired or even hinted at taking personal responsibility. That, to me, is enough to see them out the door. I can do greed, anti-labor, and ruthlessness, I can't do incompetence and cowardice.
Reply
Old 10-02-2024 | 06:46 AM
  #169  
rickair7777's Avatar
Prime Minister/Moderator
Veteran: Navy
 
Joined: Jan 2006
Posts: 45,167
Likes: 803
From: Engines Turn or People Swim
Default

Originally Posted by e6bpilot
The union isn't supporting them, not sure where you got that info. They met with them to listen to their presentation. I would rather have a union that is engaged than not. There is a whole page on the SWAPA website dedicated to it.

There is nothing any pilot can do that is going to move the needle on this whole thing. Not a single thing.

However, I think a lot of pilots, myself included, are pro regime change with the C suite. We have already seen some movement in that direction offered up from the current execs. Elliott wants more, including Bob Jordan. I happen to agree with that. Our current batch of leaders has shamefully gotten us into this current predicament and caused the biggest meltdown in commercial aviation history all while taking bonuses and promotions. Nobody has been fired or even hinted at taking personal responsibility. That, to me, is enough to see them out the door. I can do greed, anti-labor, and ruthlessness, I can't do incompetence and cowardice.
Sounds like a situation where you have to go out on a limb and do Something, Anything.

The cure might be worse than the disease, for labor. Not like it was your choice in then first place. But remotely possible the union can work with them for some win/win in some aspects. We had a bit of a regime change at AS, it was insiders not people liek Elliot, but I'm mostly happy how it's working out so far.
Reply
Old 10-02-2024 | 08:20 AM
  #170  
Your ball struck my foot.
 
Joined: Dec 2023
Posts: 250
Likes: 49
From: Uncertain
Default

Originally Posted by e6bpilot
Smart people have peeked under the hood and seen what SWA has going on. It isn't pretty. We got here by thinking we were smarter than everyone else when really we were mostly just lucky.
That's my assessment of Southwest, in a nutshell.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
RockChalk
Technical
35
10-13-2011 01:36 PM
tangoindia
Hangar Talk
10
04-14-2009 07:53 PM
jester
Regional
23
08-09-2007 08:58 PM
kaptendiddy
ExpressJet
11
07-13-2007 07:28 PM
Prospect Pilot
Regional
8
03-17-2007 10:31 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices