Was he at UPS at one time? Doing what? I find that hard to believe.
American Airlines and Labor Negotiations
- Thread starter Buck
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Jester
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Usually hanging around the NYC modeling agencies after making a package delivery-- pretty the same as now, except it is upstairs in the terminal around Starbucks.
Tim Nelson
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He is a busybody for sisters Alex Garcia and Gary Peterson.
Tim since the NMB ALREADY designated the tower work to the IAM why are they still working separately the AA folk were non union and should have gone into IAM Workbrain and work rules by now.Why is the IAM dragging their feet when the NMB already did their work for them.They are saying if I wanted to transfer to JFK tower I would start day one.Who is my AGC
If history repeats itself it's a strong possibility. The last BK happened after the company was unable to reach an agreement with the pilots. Now let's look at the same possible senerio. Pilots are starting negotiations in January. Add to it that we are in Mediation. Our stock is dropping and we have a large debt coming due in about a year from now. Pilots want more money and scope. We want more money and scope. AA isn't budging on us with scope and outsourcing. We will have to see what the negotiations with the pilots turns up. If we continue in a dragged out negotiations in mediation and the pilots are not getting anywhere by the time the companies large debt comes due then watch out. If our stock tumbles and fuel prices climb we will be in trouble. How bad? I don't know. Let's hope not and see if the pilots talks progress in a positive way and we hopefully will have the same progress.
B737 driver
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Actually it's code for make a deal and move on, and not have pie in the sky ideas we want all this money, unlike your counterparts at SWA.
CremaDiLimone
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it's code for america west/us air now run the world's largest airline.
when aa is down 4% a day over 2-3 days and dl is down 1.5% a day over the same time span, it's clear that institutions (buffett) are selling off..rotation out of dividend losers like aa.
aa had to raise it's dividend. this has been talked about for at least a year. aa failed to do so, hence now the stock is getting hammered. to match delta's current yield (2.81%), aal would have to go to $14.50 a share. if delta goes lower, aa would have to go under $10 a share to match dl's yield.
it's not as if aa doesn't have $$ to throw at the shareholders. last earnings, aa said they still have $1.7 billion committed to stock buy-backs; july '18 - dec '20.
if they halted the buybacks and matched delta's dividend of $1.40 a year, that $1.7 billion will pay for dividends equal to dl for about 3 years...and the stock would be in the $50s, maybe higher. aa wouldn't have to give 1 red cent more to shareholder over 3 years.
B737 driver
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Your analysis should explain to your co workers why management will put the money towards stock shareholders value, and not shower money on the employees, except the pilots group. Or you guys will sitting for a long time regardless what union sits at the negotiating table.
CremaDiLimone
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it's already been explained...the company's priority is the shareholder, not the employee. when the company balks at an additional $24 million a year to get 30,000 assoc. members on iam/lus insurance but happily committed another $2 billion to share buy-backs (2018-2020), it's clear for all to see.
to me, delta has it's toggle switch on the sweet spot..between shareholder-employee.
to me, that's the reality.
to me, delta has it's toggle switch on the sweet spot..between shareholder-employee.
to me, that's the reality.
Talos
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The big problem is the stock buy backs they have done. They have a very high debt level compared to Delta due to the aircraft purchases they made. They had an opportunity to pay down the debt with all the money they have made but did not. Not a prudent move IMO. I'm not impressed at all with this mgmt team. They had as good a set up as you can get and just bought back stock. It's kind of like the TWU had the opportunity with the merger to get stronger but joined the Association without members voting. WTF. Both mgmt and the TWU have a lot in common, bad business choices.
CremaDiLimone
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as someone who is a bit familiar with the market, i can't believe the stock doesn't get the love it should.
dl also buys back shares, obviously, not at the same frenzied pace that aa did. delta does have a killer dividend compared to aa (nearly 4xs more)...i have no doubt that props dl stock up more than aa's debt level to dl's..
ua pays no dividend, yet it has relatively so few shares outstanding that the gamble paying $80/share for ual is that united can pay a $3 a share dividend and it will cost them the same it costs delta to pay it's $1.40 dividend.
will ual pay a $3/share dividend. most likely, no.
i agree with your assessment of our mgmt team. the fact that aa allowed jetblue and delta to lead it by the nose on the $5 checked bag bump says it all.
hindsight is 20/20. as a shareholder, buy-backs are great. a juicy dividend is even better. i believe that delta just assumed another $12 billion in debt with it's airbus purchases. i've never heard aa say at what point they would be happy with the amount of shares outstanding. 400 million? 350 million? 300 million? less??
bottom line...boeing works with GE, GE capital works with aa. they don't want any customer filing for bk and getting .15 cents on the dollar. GE capital will work with aa if the nightmare scenario happens. terrorism/$150 oil/economy tanks/string of accidents.
dl also buys back shares, obviously, not at the same frenzied pace that aa did. delta does have a killer dividend compared to aa (nearly 4xs more)...i have no doubt that props dl stock up more than aa's debt level to dl's..
ua pays no dividend, yet it has relatively so few shares outstanding that the gamble paying $80/share for ual is that united can pay a $3 a share dividend and it will cost them the same it costs delta to pay it's $1.40 dividend.
will ual pay a $3/share dividend. most likely, no.
i agree with your assessment of our mgmt team. the fact that aa allowed jetblue and delta to lead it by the nose on the $5 checked bag bump says it all.
hindsight is 20/20. as a shareholder, buy-backs are great. a juicy dividend is even better. i believe that delta just assumed another $12 billion in debt with it's airbus purchases. i've never heard aa say at what point they would be happy with the amount of shares outstanding. 400 million? 350 million? 300 million? less??
bottom line...boeing works with GE, GE capital works with aa. they don't want any customer filing for bk and getting .15 cents on the dollar. GE capital will work with aa if the nightmare scenario happens. terrorism/$150 oil/economy tanks/string of accidents.
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