AA and MCI base announce plan to create $150 million in value by 2007

[FWAAA]

Good news for the MCI maintenance base (unless, of course, you want to see MCI closed):

Press Release Source: American Airlines, Inc.

American Airlines Kansas City Maintenance & Engineering Base Sets Goal to Achieve $150 Million in Value Creation By End of 2007

Thursday February 9, 4:03 pm ET

Joint Team of TWU and American Airlines Management Working Together to Turn Base Into a Profit Center and Secure Its Future Success

KANSAS CITY, Mo., Feb. 9 /PRNewswire-FirstCall/ -- A joint team of management and labor leaders from the American Airlines Maintenance & Engineering Base today announced a "breakthrough" goal to obtain $150 million in value creation for the company and turn the base into a profit center by the end of 2007.

The vision of transforming the base -- which employs about 900 people -- from a traditional cost center into a profit center would be achieved through American's successful Continuous Improvement process to reduce costs and generate revenue from third-party maintenance contracts.

Representatives from both Transport Workers Union (TWU) Local 530 and the Kansas City base management gathered recently for several off-site meetings to determine the best path to sustained profitability. Six work groups were formed to focus on efforts such as:


* Identifying third-party work
* Generating income by using existing properties and personnel
* Productivity increases through process improvements
* Materials management
* Identify and take action on alternative revenue opportunities
* Communications

This shared commitment is one of several large-scale, joint planning sessions that have occurred within American Airlines since the company and its unions launched the Working Together initiative in late 2003.

"It is imperative that we continue to look forward -- together -- to secure our future in Kansas City," said Gordon Clark, President of TWU Local 530. "By working in a collaborative spirit, we can and will control our own destiny -- not just in Kansas City but across the system at American Airlines."

David Campbell, Vice President - Kansas City Base, said, "We realize that Continuous Improvement must become our mantra. And we know that meeting the challenge we have set for the Kansas City base requires us to truly work as business partners with the leaders of the TWU, as well as empowering our employees. The collective goal is to grow this base and third-party opportunities for American Airlines."

American has made tremendous strides in the last year at its Kansas City base, as well as at its two additional overhaul maintenance bases located in Fort Worth, Texas, and Tulsa, Okla. From increased efficiencies to numerous cost-savings initiatives, American's maintenance and engineering employees have succeeded in reducing costs and making Maintenance, Repair and Overhaul (MRO) improvements to become a competitive MRO provider.

In fact, American instituted a similar Breakthrough Goal at its Tulsa facility in 2005. Representatives from both the TWU Local 514 and Tulsa Base management convened at a weekend off-site meeting to address the challenge. They emerged with a groundbreaking strategy to turn the base into a profit center by the end of 2006.

"The future of our base resides in our ability to secure maintenance and engineering work from outside companies," said Ed Chevrestt, Managing Director - Kansas City Base. "The ability to win such bids is a result of our employees' strong focus on working together and using the Continuous Improvement process. In turn, employees use the principles of the Continuous Improvement process to turn their ideas into plans of action that they execute. By working together, we are controlling our future, and not letting someone else decide it for us."

http://biz.yahoo.com/prnews/060209/dath032.html?.v=38

Looks like AA intends to continue inhouse maintenance as long as it helps pay its own way.

 

[Ken MacTiernan]

I do not want to see MCI closed. There is a tremendous amount of skilled and knowledgeable AMTs there and are an asset to our profession. I wish them the best and hope that AMTs can be recalled there, and elsewhere.

 

[local 12 proud]

Ditto!!!!

 

[TIME FOR CHANGE]

Generate more cost savings for bigger management bonuses.
How much of the money generated will be given back to the employees of AA ? ?

 

[MCI transplant]

Generate more cost savings for bigger management bonuses.
How much of the money generated will be given back to the employees of AA ? ?

<_< The money generated here will go back into the company and used as aa sees fit! Remember as exTWA employees we are do "not" have the luxury of having "system protection"! So we have to prove ourselves "AGAIN" to aa by creating our own protection in the form of profits to the company! What a novel idea! We have to earn it! Maybe the concept will catch on???

 

[AMFAMAN]

<_< The money generated here will go back into the company and used as aa sees fit! Remember as exTWA employees we are do "not" have the luxury of having "system protection"! So we have to prove ourselves "AGAIN" to aa by creating our own protection in the form of profits to the company! What a novel idea! We have to earn it! Maybe the concept will catch on???

You would think that with another $150 million more in concessions (cost-savings - same thing), they would give you job security. <_<

Which brings me to my next point...How much have we given this company? According to the concessions, 1,371 AMT's were to hit the street. Well we currently have 3,400 including ex-TWA on the street, close to 2,000 since the concessions. We also have lost close to 2,000 due to attrition since the concessions. With the smaller workforce, they are geting more work done and $650 million + out of Tulsa and MCI. But yet we still get paid half-time for sicktime. :down: :down:

 

[Hopeful]

Doesn't it feel good for TULSA and now MCI to help AA achieve a new total of $650 million dollars? I am sure the pilots feel real good about saving $80 million in fuel costs with less apu usage and one engine taxi!

Doesn't it feel even better for the top 1000 managers to get $78 million in bonus $$$$$$$?


It does one's heart good to help management, doesn't it?

 

[TIME FOR CHANGE]

Amd you cant help but feel sorry for those poor people in Paraguay

 

[MCI transplant]

Doesn't it feel good for TULSA and now MCI to help AA achieve a new total of $650 million dollars? I am sure the pilots feel real good about saving $80 million in fuel costs with less apu usage and one engine taxi!

Doesn't it feel even better for the top 1000 managers to get $78 million in bonus $$$$$$$?
It does one's heart good to help management, doesn't it?

<_< Has that money been paid out yet? Or is it still pending? :unsure:

 

[Hopeful]

<_< Has that money been paid out yet? Or is it still pending? :unsure:

The sell off has begun!





KENNEDY GARY F GC -6.17% S 01/30/06
01/30/06 6,000 D $21.70
$21.70 $130,220 42,735

KENNEDY GARY F GC --- X 01/30/06
01/30/06 6,000 D $3.26
$3.26 $19,560 42,735

KENNEDY GARY F GC --- X 01/30/06
01/30/06 6,000 D $3.26
$3.26 $19,560 42,735

KENNEDY GARY F GC -6.17% S 01/30/06
01/30/06 6,000 D $21.70
$21.70 $130,220 42,735

MARLETT CHARLES D O --- X 01/27/06
01/27/06 26,576 D $8.88
$16.18 $339,176 60,250

MARLETT CHARLES D O 2.89% S 01/27/06
01/27/06 26,576 D $20.15
$20.23 $536,467 60,250

MARLETT CHARLES D O 2.89% S 01/27/06
01/27/06 26,576 D $20.15
$20.23 $536,467 60,250

MARLETT CHARLES D O --- X 01/27/06
01/27/06 26,576 D $8.88
$16.18 $339,176 60,250

GARTON DANIEL P O --- X 01/19/06
01/20/06 69,930 D $8.88
$16.18 $837,099 125,540

GARTON DANIEL P O --- X 01/19/06
01/20/06 69,930 D $8.88
$16.18 $837,099 125,540

GARTON DANIEL P O -49.51% S 01/20/06
01/20/06 69,930 D $19.84
$19.84 $1.39M 125,540

GARTON DANIEL P O -49.51% S 01/20/06
01/20/06 69,930 D $19.84
$19.84 $1.39M 125,540

BEER JAMES A CFO 37.94% S 01/19/06
01/19/06 18,192 D $20.26
$20.30 $368,737 33,648

KENNEDY GARY F GC -6.17% S 01/19/06
01/19/06 41,466 D $20.02
$20.12 $832,155 42,735

KENNEDY GARY F GC -6.17% S 01/19/06
01/19/06 41,466 D $20.02
$20.12 $832,155 42,735

BEER JAMES A CFO --- X 01/19/06
01/19/06 18,192 D $13.02
$16.79 $251,137 33,648

BEER JAMES A CFO --- X 01/19/06
01/19/06 18,192 D $13.02
$16.79 $251,137 33,648

BEER JAMES A CFO 37.94% S 01/19/06
01/19/06 18,192 D $20.26
$20.30 $368,737 33,648

KENNEDY GARY F GC --- X 01/19/06
01/19/06 41,466 D $8.88
$17.13 $449,451 42,735

KENNEDY GARY F GC --- X 01/19/06
01/19/06 41,466 D $8.88
$17.13 $449,451 42,735

BEER JAMES A CFO --- X 07/26/05
07/26/05 26,200 D $8.88
$10.68 $252,816 33,648

BEER JAMES A CFO --- X 07/26/05
07/26/05 26,200 D $8.88
$10.68 $252,816 33,648

BEER JAMES A CFO 37.94% S 07/26/05
07/26/05 26,200 D $13.40
$13.40 $351,080 33,648

BEER JAMES A CFO 37.94% S 07/26/05
07/26/05 26,200 D $13.40
$13.40 $351,080 33,648




ROBINSON RAY M D 39.48% B 07/25/05
07/25/05 1,000 D $13.86
$13.86 $13,860 1,000

KENNEDY GARY F GC --- X 07/22/05
07/22/05 12,000 D $3.26
$3.26 $39,120 42,735

KENNEDY GARY F GC --- X 07/22/05
07/22/05 12,000 D $3.26
$3.26 $39,120 42,735

KENNEDY GARY F GC -6.17% S 07/22/05
07/22/05 12,000 D $13.75
$13.75 $165,000 42,735

KENNEDY GARY F GC -6.17% S 07/22/05
07/22/05 12,000 D $13.75
$13.75 $165,000 42,735

ROSE MATTHEW K D 62.83% B 01/26/05
01/26/05 1,000 D $8.16
$8.16 $8,160 1,000

GARTON DANIEL P O -49.51% S 04/22/04
04/22/04 12,000 D $13.10
$13.10 $157,242 116,040

KENNEDY GARY F GC -6.17% S 04/22/04
04/22/04 9,254 D/I $13.01
$13.26 $120,908 55,235


* = Amended Transactions





* = Amended Transactions




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[Bob Owens]

The sell off has begun!
Records Displayed: 1 - 25 (of 33) Next

Years ago when executives of a troubled company sold stock they were usually fired.

Here they are demanding more concessions from the workers in the form of productivity improvements while cashing out of the company.

 

[MCI transplant]

You would think that with another $150 million more in concessions (cost-savings - same thing), they would give you job security. <_<

Which brings me to my next point...How much have we given this company? According to the concessions, 1,371 AMT's were to hit the street. Well we currently have 3,400 including ex-TWA on the street, close to 2,000 since the concessions. We also have lost close to 2,000 due to attrition since the concessions. With the smaller workforce, they are geting more work done and $650 million + out of Tulsa and MCI. But yet we still get paid half-time for sicktime. :down: :down:

<_< One thing I have learned in these short years with aa, is aa never "gives" you anything without getting more in return!!!

 

[Ken MacTiernan]

<_< One thing I have learned in these short years with aa, is aa never "gives" you anything without getting more in return!!!

You are very correct. And WHO assists AA in their "generosity"?