American cuts Venezuela schedule as trapped cash mounts

[AMFAinMIAMI]

The real question we as employees should be asking is?
 
 

Which Person in the company is getting fired for letting the dollar value get so HIGH before AA did anything.​

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We the employees take concessions while the upper mgmt lets $$$$$$ slip through their hands like water.​

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What is with that how does AA justify that to the stock holders?​

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Doesn't that effect the employees profit sharing ?​

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Just a thought..​

 

[WeAAsles]

So what, its AAs problem, not mine. Threads like this just pollute the board.

When everyone stopped flying after Sept 11 that became a problem for all of us who work for the airlines. Of course this issue affects us.

 

[WeAAsles]

Yup, maybe they'll have to lay off the outsourced, non-union personnel doing our work!!

Or they may also lay off or reduce hours for those members in cities where the service has been discontinued?

The aircraft used may be reallocated to other cities?

 

[FWAAA]

The real question we as employees should be asking is?
 
Which Person in the company is getting fired for letting the dollar value get so HIGH before AA did anything.
 
We the employees take concessions while the upper mgmt lets $$$$$$ slip through their hands like water.
 
What is with that how does AA justify that to the stock holders?
 
Doesn't that effect the employees profit sharing ?

No, it won't affect profit sharing.   If the airline is forced to write down the amount (all the way to writing it off entirely, if need be) the "loss" would be a "special item" that won't affect the profit on which profit sharing is based.   Profit sharing is based on the net income not including special items.   

 

[WorldTraveler]

it is fair to remember that there are int'l treaties that cover the repatriation of monies involved in int'l air transportation and the payment of expenses incurred.

For years, Venezuela complied at least in part with those regulations. The percentage of ticket sales withheld has grown over the last year, even six months.

It has been years since a similar crisis occurred in the world. It was common in Latin America decades ago but the process was usually established in advance and carriers knew the risk they were taking. Braniff's leather seats are attributable in part to their inability to repatriate money from Brazil, IIRC.

No one could have predicted the actions of a government that has chosen not to comply with int'l law, any more than it that is limiting basic necessities such as flour and toilet paper from its own people.

based on the decision of several int'l carriers to either withdraw or cut their service to Venezuela, the expectation is high that those monies will not be returned in any quantity that closely resembles what is owed.

 

[DallasConehead]

AA taking it in the shorts from the Venezuela government is none of my concern. The evil bastards get what they deserve.. They stick all of us up the arse for the last 30 years and you still give a rats arse? Please. No one cares, except you goof balls,  no one will get fired, the government will do nothing, too little too late, the airline will ***** and moan they've been ripped off, and then keep flying metal down there. So what.

 

[Bob Owens]

 Don't care either. AA will get their money in the end or they would have stopped flying there months ago. Probably been filling up their wings on cheap fuel. 

 

[traderjake]

They stick all of us up the arse for the last 30 years and you still give a rats arse?

 
You keep coming back for more for 30 years?
 
Says a lot about you.