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-   -   Agreement in Principle (https://www.airlinepilotforums.com/united/130986-agreement-principle.html)

Barley 09-09-2020 10:02 AM


Originally Posted by Fresh (Post 3125008)
United said today that we’ll have 18 BILLION at the end of the 3rd quarter. Why are we rushing to save the company?? I don’t get it.

$18 billion in added debt to a company generating what? 30% of the normal revenue? The only rush we’re having is to generate a solution for the pilot group to survive it with continued employment and a worthwhile future. You won’t get to read or meaningfully argue about any such options until next week. Enjoy the show of wild angry name calling and division in the meantime.

Fresh 09-09-2020 10:05 AM

Thanks for the explanation. I’ll wait to see what’s in the TA and vote accordingly.

bottoms up 09-09-2020 10:08 AM

When the company uses 2019 pax metrics as a determining factor for snap backs just remember that loads were at an all time high and you are probably looking at 3 years before those will return..possibly longer. So be prepared to sit there happy with whatever you agreed on for as long as it takes...The company will hold you to it..

Thor 09-09-2020 10:10 AM


Originally Posted by Hedley (Post 3125014)
Because that is money that has to be paid back with interest. If a business takes out a line of credit, the money is there, but it is only used as a last resort. We aren’t in a rush to save the company. The rush from the union is the idea of preventing or reducing furloughs that are less than a month away. The company is in a rush to slow or stop the bleeding by any means necessary.

I got news for ya, UAL is going to be a significantly smaller company, in fact corporate management has been very clear on that. It's going to be a smaller company with full size company debt. I'll read the AIP, but how they expect to put a bandaid on a gaping wound and not reduce headcount, that may well be the greatest ALPA sales job of my career. Or the greatest triumph. I guess we'll see, but if history serves.....

Jersey 09-09-2020 10:11 AM

Its like the progressive federal income tax system but backwards. I wonder if TK is a giant loophole?

DashTrash 09-09-2020 10:12 AM

I love how there are so many opinions about nothing. None of us have read a single word yet. Can’t we wait until we can actually read something first? I have no opinion until I read it!!!

Thor 09-09-2020 10:16 AM


Originally Posted by DashTrash (Post 3125038)
I have no opinion until I read it!!!

I have a NO opinion until I read it. I'll set up a "change my mind" booth in ops, see ya there :)

Beewatcher2 09-09-2020 10:18 AM

Imagine being in the second tier and on reserve for 3 or 4 years... that will be quite the pay cut!

Hedley 09-09-2020 10:18 AM


Originally Posted by crflyer (Post 3125017)
Man, I feel for you every time you try to explain this.

It’s probably as fruitless as people listing every time in the past that snap back clauses, furlough protections, saving the pension, or any other concessions have failed. I don’t know if people can’t learn from history, or if they fall into the trap because this time it affects them. This should be interesting to watch once we find out what is actually in the agreement. I’ll get one vote and live with the decision. I just hope that people use math and sound reason rather than emotion when reviewing this thing. Prior to COVID we were potentially getting closer to having a contract that would have actual gains, rather than attempting to claw back from the last time we played this game. My guess is that we end up kicking the can down the road and spend the next decade trying to get back what we already have........again.

dmeg13021 09-09-2020 10:19 AM

You don’t decide how much you’ll pay for a car after you get to the dealer. Once you start doing the math, the company has already won.


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