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On 5/20/2003 10:02:44 PM FWAAA wrote:
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On 5/20/2003 9:17:28 PM Buck wrote:
I am curious.......
Is there something wrong with being compensated equally with my peers in the same industry?
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Gosh, no, there''s nothing "wrong" with it. And you were compensated equally with your peers when AA could afford to (like when cash flow was several million per day Positive instead of Negative, as it has been since late 2001).
And when AA can once again afford to compensate you equally with your peers, then more power to you to demand it and get it.
But sorry to burst any dreams out there, but AA was bleeding itself dry by spending more cash each day than it took in. I know, it''s management''s fault, it''s the cheapass customers'' fault, it''s not your fault. But even though it''s not your fault - AA could no longer afford to pay you what it had been paying.
Foolishly, Carty tried to trim expenses and probably prayed each night that revenue would miraculously return Before he even mentioned the subject of concessions. Too bad for him.
The choices you faced earlier this year were:
(a) accept $1.8 billion in annual wage concessions (which may be more like $2.4 billion or so); OR
(B) reject the concessions and force AA to file Ch 11, causing it to spend hundreds of millions (UAL recorded a $248 million Q1 charge alone for "restructuring expenses") needlessly, all with the prospect of even bigger concessions or contract abrogation.
Shrinking the airline and keeping pay high was simply not one of the choices. It would not have moved AA toward positive cash flow.
Outside advisors counseled the three unions and each concluded that bankruptcy should be avoided. The pilots agreed, the TWU agreed, and after several do-overs and threats, the FAs agreed. And the employees got Carty''s head and a favorable modification to the concessions'' term. Half a dozen posters here are upset and think that a judicial do-over will improve their lot in life. If only it were so easy.
Is it wrong for you to be paid equally? Hell, No. Is it currently possible for AA to pay you equally? Hell, No.
I want every AMR employee to enjoy industry-leading wages. I also want AMR to post another Billion Dollar profit. And I wish AA would order a slew of 747s (or pick them up used from UAL). As we all know, not everything on my wish list in this paragraph is going to happen, ever.
Yep - I wish that AA would just increase fares and right the ship (power held by AA, according to Bob Owens). I wish that Dell would just raise the price of PCs to make even higher profits. And I wish that the value of my house would appreciate even faster than it is. And I wish that AA would increase the size of my J and F meals substantially and serve meals in Y on short flights.
But wishing for something stopped working for me when the tooth fairy last visited my pillow many decades ago.
As I posted the other day - if everyone wants to share in the good times, sometimes you''ve got to share in the bad times. (The last couple of years, for anyone not paying attention, have been the worst two years of AA''s 77 years of existence.) That, or find an employer where there are no "bad times."
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i do not know what you do fwaa. but as a amt no matter what the status of the company is we are taking legal respectabilities for the planes we work.
we should be compensated for it not having our pay cut. its all Carty''s fault for buying twa. if carty can justify is putting money in funds. he should not have asked and been granted pay cuts by the 3 unions. and isn''t funny how the flight att didn''t go thru the first vote day and they were the only ones who couldn''t go back and change there vote its funny how after aa let them re-vote it passed and its funny the vote company had dealings with a retired aa executive.