Mountains of cash
08-15-2011, 04:02 AM
#11
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Joined APC: Sep 2010
Posts: 1,253
Originally Posted by iahflyr
This information does not mean much unless we know how much costs have increased over the past 4 years, and how much fares have increased (probably decreased) over the past 4 years. Only then will we know what has happened to the bottom line over the past 4 years.
08-15-2011, 04:27 AM
#12
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Joined APC: Jul 2011
Posts: 181
I swear I've flown with this ****in waste-of-space, or someone like him puking the same nonsense. I recall a comment being made to the effect of "the pie is only so big...they can't afford to give us a raise...". To which my reply is "lets just shut it down then, I'm young enough to recover,,, but you I'm not so sure about."
08-16-2011, 06:26 AM
#13
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Joined APC: Jan 2006
Posts: 1,545
Originally Posted by SlickMachine
I recall a comment being made to the effect of "the pie is only so big...they can't afford to give us a raise...". To which my reply is "lets just shut it down then, I'm young enough to recover,,, but you I'm not so sure about."
United pilots asked for more than they knew the company could afford, and when the company said the economy changed and we can't afford this anymore, did they shut it down?? Rather than shutting the place down, they just accepted layoffs of 2000 pilots, pay cuts of > 30%, and slashed work rules.
There are two options. Shut it down, or deal with the consequences. Last time, United pilots chose the latter. I doubt the pilot group as a whole has the guts to shut the place down.
Personally I would rather see us negotiate a fair contract and have some freaking stability in this industry, rather than negotiate some crazy industry leading contract and then see layoffs, major pay cuts, and slashed work rules once the economy changes again.
Those who fail to learn from the mistakes of history are doomed to repeat them in the future. I would like to not see a repeat of UAL's C2000.
08-16-2011, 07:57 AM
#14
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Joined APC: Oct 2010
Posts: 2,639
Originally Posted by iahflyr
I would like to not see a repeat of UAL's C2000.
The UAL pilots could have had the non-instustry leading CAL contract of that era and UAL still would have filed BK. The >30% drop in revenue that UAL experienced in 2001/2002 was greater than the combined payroll for all 100K UAL employees. The pilots could have worked for free and UAL would still have faced a dire cash-flow crisis given the timing of UA's debt schedule.
And the extreme revenue shockwave impacted every single major US airline except for SWA which luckily had no exposure where the impart was deepest: international markets. Even the two major airlines that barely averted bankruptcy (AA & CAL) ended up with deeply concessionary pilot contracts as part of their enormous corporate restructurings outside of bankruptcy.
The lesson from history: there was no escape---even for the airlines that started with "fair" (i.e. bottom tier) pilot contracts. (Of course, non-major JetBlue flourished during that period while paying A320 Captains $80/hr.)
Last edited by cadetdrivr; 08-16-2011 at 08:13 AM.
08-16-2011, 04:31 PM
#15
Gets Weekends Off
Joined APC: Nov 2010
Posts: 430
Originally Posted by iahflyr
Just like United pilots when faced with the bankruptcy contract???
United pilots asked for more than they knew the company could afford, and when the company said the economy changed and we can't afford this anymore, did they shut it down?? Rather than shutting the place down, they just accepted layoffs of 2000 pilots, pay cuts of > 30%, and slashed work rules.
There are two options. Shut it down, or deal with the consequences. Last time, United pilots chose the latter. I doubt the pilot group as a whole has the guts to shut the place down.
Personally I would rather see us negotiate a fair contract and have some freaking stability in this industry, rather than negotiate some crazy industry leading contract and then see layoffs, major pay cuts, and slashed work rules once the economy changes again.
Those who fail to learn from the mistakes of history are doomed to repeat them in the future. I would like to not see a repeat of UAL's C2000.
United pilots asked for more than they knew the company could afford, and when the company said the economy changed and we can't afford this anymore, did they shut it down?? Rather than shutting the place down, they just accepted layoffs of 2000 pilots, pay cuts of > 30%, and slashed work rules.
There are two options. Shut it down, or deal with the consequences. Last time, United pilots chose the latter. I doubt the pilot group as a whole has the guts to shut the place down.
Personally I would rather see us negotiate a fair contract and have some freaking stability in this industry, rather than negotiate some crazy industry leading contract and then see layoffs, major pay cuts, and slashed work rules once the economy changes again.
Those who fail to learn from the mistakes of history are doomed to repeat them in the future. I would like to not see a repeat of UAL's C2000.
09-14-2011, 04:15 PM
#16
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Thread Starter
Joined APC: Feb 2011
Posts: 3,866
The United States government recently awarded United more than $974 million in estimated contracted revenue from travel by government employees and contractors during fiscal 2012 on 1,741 city pairs.
“This is the largest amount of revenue and largest number of city pair awards ever awarded to a single carrier,” said Military and Government Sales Manager Tom Billone. We won the contracts for 975 domestic and 766 international city pairs.
The General Services Administration (GSA) has been managing the program for more than 30 years. It has grown from 11 markets to more than 5,000. Airlines compete to win these contracts on a route-by-route basis.
In awarding city-pair contracts, the GSA considers the availability of nonstop service, total number of flights, flight availability, average elapsed flight time, availability of jet service and price of service.
“This is the largest amount of revenue and largest number of city pair awards ever awarded to a single carrier,” said Military and Government Sales Manager Tom Billone. We won the contracts for 975 domestic and 766 international city pairs.
The General Services Administration (GSA) has been managing the program for more than 30 years. It has grown from 11 markets to more than 5,000. Airlines compete to win these contracts on a route-by-route basis.
In awarding city-pair contracts, the GSA considers the availability of nonstop service, total number of flights, flight availability, average elapsed flight time, availability of jet service and price of service.
09-18-2011, 06:33 AM
#17
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Thread Starter
Joined APC: Feb 2011
Posts: 3,866
CHICAGO--(BUSINESS WIRE)-- Fitch Ratings has upgraded the issuer default rating (IDR) of United Continental Holdings, Inc. (UAL) and its two airline operating subsidiaries to 'B' from 'B-'.
The upgrade follows a year of significant debt reduction and strong free cash flow generation since the closing of the United-Continental merger on Oct. 1, 2010. In the face of heavy fuel cost pressure during the first half of 2011, UAL has consistently reported industry-leading revenue per available seat mile (RASM) growth while funding heavy debt maturities out of internally generated cash flow.
The upgrade follows a year of significant debt reduction and strong free cash flow generation since the closing of the United-Continental merger on Oct. 1, 2010. In the face of heavy fuel cost pressure during the first half of 2011, UAL has consistently reported industry-leading revenue per available seat mile (RASM) growth while funding heavy debt maturities out of internally generated cash flow.
09-18-2011, 08:06 AM
#18
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Joined APC: Jan 2006
Posts: 1,545
Since when did caring about the financial well being of your company make you not only anti-union, but a scab? Does that mean you are all rooting for the company to fail??
It just amazes me how brainwashed some people are on these forums.
It just amazes me how brainwashed some people are on these forums.
09-18-2011, 01:47 PM
#20
Banned
Joined APC: Oct 2010
Position: IAH 737 CA
Posts: 690
Originally Posted by APC225
The United States government recently awarded United more than $974 million in estimated contracted revenue from travel by government employees and contractors during fiscal 2012 on 1,741 city pairs.
“This is the largest amount of revenue and largest number of city pair awards ever awarded to a single carrier,” said Military and Government Sales Manager Tom Billone. We won the contracts for 975 domestic and 766 international city pairs.
The General Services Administration (GSA) has been managing the program for more than 30 years. It has grown from 11 markets to more than 5,000. Airlines compete to win these contracts on a route-by-route basis.
In awarding city-pair contracts, the GSA considers the availability of nonstop service, total number of flights, flight availability, average elapsed flight time, availability of jet service and price of service.
“This is the largest amount of revenue and largest number of city pair awards ever awarded to a single carrier,” said Military and Government Sales Manager Tom Billone. We won the contracts for 975 domestic and 766 international city pairs.
The General Services Administration (GSA) has been managing the program for more than 30 years. It has grown from 11 markets to more than 5,000. Airlines compete to win these contracts on a route-by-route basis.
In awarding city-pair contracts, the GSA considers the availability of nonstop service, total number of flights, flight availability, average elapsed flight time, availability of jet service and price of service.
Forgive me here.........who is the airline?
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