Aar Wants To Thank Amfa,

[Checking it Out]

Thanks to Amfa lack of contract Language, AAR and other third party maintenance providers are growing!

Associated Press
AAR Earns $2.3 Million in First Quarter
09.22.2004, 09:26 AM

Aviation manufacturer and service provider AAR Corp. posted a first-quarter profit, citing demand from government customers and double-digit growth in its core products business.

The company posted quarterly earnings of $2.3 million, or 7 cents per share, up from a loss of $2 million, or 6 cents per share last year. Sales rose 9 percent to $166.1 million compared to $152.1 million a year ago.

AAR said it experienced strong demand for products to support the U.S. military, and sales surged for its traditional parts business for commercial airlines. The company also posted an 11 percent increase in aircraft sales and leasing.

"We made progress on our strategy to grow sales outside of North America, reflected by a 33 percent year-over-year increase in sales to European and Asian customers," said president and chief executive David P. Storch in a statement. "Although the U.S. airline market remains volatile, we believe that AAR is well positioned to benefit as the airlines look to outsource maintenance as a way to reduce their costs."

However, sales for the company's new parts distribution business fell as it de-emphasizes lower-margin parts sales, and sales of maintenance, repair and overhaul services declined mainly because of lower sales of industrial gas turbine services and the timing of airframe maintenance.

The company said its order backlog grew 5.6 percent in the quarter.

AAR said it repurchased $14.9 million of long-term debt prior to maturity, contributing to a reduction in net interest expense for the quarter.

 

[Calvin]

That is sad CIO. AMFA is the leader in the continuing trend of the ruination of our profession. They state they have the power to oust their International, they best get busy with it while they can!

 

[Bob Owens]

That is sad CIO. AMFA is the leader in the continuing trend of the ruination of our profession. They state they have the power to oust their International, they best get busy with it while they can!

[post="183357"][/post]​

Wrong again Calvin. The fact is that the TWU has allowed outsourcing for generations. In fact they allowed it before AMFA even existed. The fact is they allow the company to outsource anything that they can find cheaper, our language only gives us the opportunity to try and find a way we can do it for less.

If your "profession" is a TWU stooge then yes, AMFA does seek to ruin it. As far as mechanics however AMFA fights for recognition with better pay and benifits while the TWU transfers work away, tells mechanics they are nothing special and that their liscences mean nothing and slashes wages and benifits at every opportunity in order to ingratiate themselves with AMR.

I dont know how much work that AAR does for AA but then again why would they? AAR workers get paid as much as OSMs without paying dues!









Starting base pay for a TWU represented licensed A&P mechainc at American Airline;

1984=$16.70

2008= $14.74


So over a 24 year period the best the TWU could do was CUT the starting pay by nearly $2/HR!!!! I think that its safe to say that you would have a hard time finding where anyone, even non-union has seen such a decline!

 

[TIME FOR CHANGE]

Although the U.S. airline market remains volatile, we believe that AAR is well positioned to benefit as the airlines look to outsource maintenance as a way to reduce their costs."

Lets face the facts the twu has suceeded in paying its members the lowest wages in the Aviation industry. Why farm out work at AA when its mechanics can do it cheaper in house. Cheaper than the mexicans, koreans, chinese, and any other airline in the US.

AA should be knocking on doors solisiting work. Here is a good motto "AA repair station we can do it the cheapest with the twu in our pocket"