Alpa Mec Chairman Message

[USA320Pilot]

ALPA MEC chairman message - December 17, 2004

According to ALPA MEC chairman Captain Bill Pollock, "You should also know that during the time that the Company was negotiating with the AFA, IAM, and CWA, the amount of cost savings the Company was demanding from each group increased during bankruptcy, as it did with ours."

See Story

Regards,

USA320Pilot

 

[BostonTerrier]

And your point is?

 

[USA320Pilot]

Memorandum

To: Doug Mowery, ALPA Negotiating Committee Chairman

Re: Current Financial Condition of the Company and Certain Observations relating to the Necessity of Collective Bargaining Agreement Modifications

Date: July 14, 2004

Executive Summary:

"Absent the implementation of a new cost structure either through negotiation or imposition through the bankruptcy process the Company will fail within the immediately foreseeable future."

"Taking into account various assumptions made in the Transformation Plan, implementation of the Transformation Plan requires that the Company's total labor costs approximately be equal to a reasonably close range of those contemplated in the Transformation Plan"

Michael Glanzer
US Airways ALPA Investment Banker and Financial Advisor

 

[Oliver Twist]

And your point is?

[post="230246"][/post]​

Perhaps the "point" is simply to pass along a link with information that board memebers may want to read. It works for me..

 

[BostonTerrier]

Perhaps the "point" is simply to pass along a link with information that board memebers may want to read. It works for me..

[post="230251"][/post]​

perhaps it's my computer, but the link was dead.

 

[USA320Pilot]

Charlotte Observer

Another interesting point supporting Pollock's comments during the past few months was made in a recent Charlotte Observer column. The newspaper reported, "The federal agency that regulates the nation's pension-insurance system said in a court filing that it does not object to the airline's terminating its pension plans. After reviewing the company's finances, experts with the Pension Benefit Guaranty Corp. concluded that 'it is clear that US Airways' financial condition is dire' and that the airline may meet the requirements for turning over its plans to the agency."

See Story

In regard to industry financial and S.1113 issues, the United ALPA MEC issued the following press release:

Release #UAL-041216
December 16, 2004

United Pilot Leaders Accept, Endorse Tentative Agreement with Company

ROSEMONT, ILL. December 16, 2004--The United Master Executive Council, the governing body of the United Chapter of the Air Line Pilots Association, today accepted the tentative agreement between ALPA and United Airlines with its unanimous recommendation that the agreement be ratified.

The MEC took this action in lieu of accepting the Company's Section 1113 term sheet. The MEC concluded that a negotiated settlement - not a litigated outcome - best serves the careers of United's 6,400 pilots.

"Following the Restructuring Agreement in May 2003, which brought dramatic wage cuts and changes to our work rules, the last thing we wanted was the prospect of another round of concessionary negotiations," UAL-MEC Chairman Mark Bathurst said. "The realities of the airline industry require decisive action to take United out of bankruptcy, and the MEC has taken that action today."

"We were faced with a tough choice: negotiate with the Company to reach a consensual agreement that would inevitably involve further concessions, or proceed in the bankruptcy court where we faced a dangerous risk of an imposed, and totally unacceptable, outcome."

Bathurst added, "The MEC, following careful study and analysis, determined that the responsible approach to protect our careers is to enter into a consensual agreement with the Company."

The Tentative Agreement will now be submitted to the full pilot group for a ratification vote.

USA320Pilot comments: The information above is germane to US Airways' financial condition, pension issues, and the view of the UAL MEC regarding a consensual or imposed agreement. Interestingly, once the S.1113 motion was filed by United, it took ALPA just a few weeks to reach a TA.

Regards,

USA320Pilot

 

[robbedagain]

yeah but the problem why hasnt any of their other unions havent talked or gotten any kind of ta,s whereas usair has with all but one union

 

[AP Tech]

Bottom line.......the IAM walks and the company is toast!!!!!! Face it!!!!!!!

 

[Winglet]

They don't have to walk en-mass. They could selectively not work some stations or flights . . . . a chaos type action. They could bleed Lakefield and Bronner slowly.

 

[PITbull]

And your point is?

[post="230246"][/post]​

Really now, what is his point.

Guess the pilot are upset that their neg. committee not being as creative, and the ALPA MEC putting out their "famous spin" on things to calm the ranks. AFA Negotiating committee was much more "creative" IMO then the ALPA's "so called proffesional lawyers" and analysts spreading their fodder on "doom and gloom" and hurry-up techniques cause-I-don't-want-to-work.

Sometimes you have to keep at "bay" the attorneys who love to scare the membership to death including the MEC. We at AFA were smart enough to cut through all the BS and stick to our guns.

We took the time to get to a $94 million target and not $116 million.( Another ALPA MEC spin). The only smart ALPA members were the RC4, which I would "break bread" with any day!

The pension termimination will be added to this if successful (which I hope not) and also the $10 million in retirment medical that the co. is actively pursuing in the courts.

 

[USFlyer]

The pension termimination will be added to this if successful (which I hope not) and also the $10 million in retirment medical that the co. is actively pursuing in the courts.

[post="230312"][/post]​

The Charlotte Observer reported a few days ago that the PBGC agrees the pension plans need to be terminated. I wonder how the Court will weigh their opinion.

http://www.donlinrecano.net/dr201/mwc/04-1...001359-0000.pdf

 

[Schatzee]

They don't have to walk en-mass. They could selectively not work some stations or flights . . . . a chaos type action. They could bleed Lakefield and Bronner slowly.

[post="230309"][/post]​

Slowly is nice but a drop at a time is even better.....

 

[PITbull]

Charlotte Observer


USA320Pilot comments: The information above is germane to US Airways' financial condition, pension issues, and the view of the UAL MEC regarding a consensual or imposed agreement. Interestingly, once the S.1113 motion was filed by United, it took ALPA just a few weeks to reach a TA.

Regards,

USA320Pilot

[post="230255"][/post]​

That's cause United pilots and MEC are guided by the SAME ALPA analysts, and there is "not -a-one-ball" between any of them!

Vioala, a deteioration of the pilot profession.....

Good job, men! Having a bunch of lawyers dictate your profession to ensure their pay checks and benies.

 

[BoeingBoy]

The Charlotte Observer reported a few days ago that the PBGC agrees the pension plans need to be terminated. I wonder how the Court will weigh their opinion.

[post="230313"][/post]​

If you read the PBGC's initial objection and the filing linked in the post above, the only change is that the PBGC says the company may meet the requirements for a distress termination.

All the objections made in the original filing are also in the latest.

Jim

 

[Smartest Loser]

What about the 20% DROP IN FUEL PRICES...??

You haven't seen any data on that now have you..??

What about the NON-LABOR COST..??? Please supply examples of such..?? You can't..!!

SL