Yea I heard the same thing from the autoparts guy at Oriellys, who knew someone that knew someone that was friends with someone on the team.
I got the same email and I believe there is truth to it. There are too many rumblings going on in the background with rumors on the pilots negotiations and the APFA plus the speculation of a huge aircraft order. Any talk of bankruptcy is pure nonsense. The same inter-company rumors and emails were floating around about the 777-300 and they most certainly came true. Here is part of the email:
We had Steve Ellis non-revving on the JFK-LAX leg yesterday. He=
is one of the APFA negotiators, and he wanted to give the entire crew a "b=
riefing" on contract negotiations. So it was really good to hear informatio=
n coming right out of the horse's mouth, so to speak. He spent about a half=
an hour with us. Even though we aren't hearing about any on-going official=
negotiations, they ARE going on behind the scenes. He was very clear that =
the NMB will NOT release us into a cooling off period any time soon...there=
fore, a strike is not a viable option in the foreseeable future. Instead, h=
e said, we are very close to an agreement, and HE said, we will be pleasant=
ly surprised, and he is for the first time really excited.
Although things can change up until signing, he said there will be a raise,=
their will be either a signing bonus or retro pay, but the unions stance o=
n that has been to fight for the actual raise, which is pensionable, rather=
than fight for a larger bonus or retro pay, because both the signing bonus=
and retro pay will be taxable, and not pensionable. Do not expect holiday =
pay. Do not expect pay from sign-in. Do expect improvements to our layover =
rest. DO expect some significant changes to Reserve, which the membership v=
oted was the number two priority after pay. The will be "shift" bidding. He=
expects Reserve seniority to go down significantly, as both the Company an=
d the Union agree that there are too many people are on reserve, it is too =
senior and expensive.
There will be a lot of emphasis on presenting something to the older, senio=
r f/a's who NEED to retire, both from the Company's and the Union's perspec=
tive. Most of us are at the top of the pay scale anyway, and it is killing =
the Company financially, and there will be incentive for people to retire. =
This might include a payout, or an offer for retiree's pre-funded medical b=
enefits to continue, while that benefit will not longer be provided for con=
tinuing employees. He believes we will keep our pensions, even with the new=
contract, while there will be none for new-hires, who will get a matching =
401K, but no pension. Pensions are a thing of the past, but he thinks we wi=
ll keep ours.
The Company, and the Union agrees, need to take the 767's off the LAX_JFK_L=
AX routes and replace them with 757's or even 737's because we are losing m=
oney on the 767 on domestic routes, or reduce capacity, which means less fl=
ights during the day. It is more likely that we'll keep the routes and go t=
o 75's. The explanation for why this will probably happen was lengthy, so I=
can't/don't want to repeat it, but it made sense. It will also reduce the =
numbers on Reserve. International flying out of LAX will significantly incr=
ease as soon as the new Tom Bradley terminal is completed, btw.
Like John Nikides said in his letter, the Company is under a lot of pressur=
e to hire, including pressure from its stockholders. They can't/won't hire =
until we reach an agreement. It sure sounded like we were close, and althou=
gh Steve wouldn't give a date, because I don't think he can,or knows, I wou=
ld guess that by "soon" he meant maybe by the end of Summer.
I'm thinking optimistically, that with new hires and especially changes to =
Reserve and everything else, even I would be off Reserve by the end of this=
year. However, if they offer an attractive incentive to retire, which woul=
d maybe mean a cash lump sum (like the previous "bridge to retirement", for=
which I didn't have enough years of service at the time it was last offere=
d), coupled with a continuation of retiree pre-funded medical benefits, I w=
ould probably take it and actively market my new career(s). However, even i=
f there is a lump sum cash offer (which would be taxed at about 30%) and th=
ey DON'T offer pre-funded medical benefits, it would not be enough incentiv=
e for me to retire any time soon, and I will probably stay another 2-4 year=
s, at least until I would get my full pension, not a reduced pension due to=
early retirement.