http://aviationblog.dallasnews.com/2013/08/amr-earns-292-million-in-july-alone.html/
and the twu gave up profit sharing for 4.3% that we may get someday....
and the twu gave up profit sharing for 4.3% that we may get someday....
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...makes it even harder to argue that AA can't make it standalone.
...
It still doesn't change that if AA was really wanting this merger, they did a great job of sending the complete opposite message to the DOJ.
I'm happy for AA and its employees - but this isn't necessarily any indication of AA's long-term ability to do the same or compete as a standalone.
no, it just says that there are some advantages of operating in BK and not all bills are paid the same way they are in a normal business environment.
As I have also noted, AA added a lot of longhaul capacity and it isn't hard to make money in the middle of the summer. A 7% increase in revenue is a significant accomplishment but we haven't seen what other carriers have done.
And also note that AA's labor costs were down by $74 million - in just one month, a 12.5% reduction. History shows that labor isn't willing to sit on the sidelines for long when companies make significant financial progress while labor is seeing its salaries cut.
It still doesn't change that if AA was really wanting this merger, they did a great job of sending the complete opposite message to the DOJ.
I'm happy for AA and its employees - but this isn't necessarily any indication of AA's long-term ability to do the same or compete as a standalone.
These companies are making money on the backs of the employees.
These companies are making money on the backs of the employees. Pay your employees the correct wage and benefits,if you can make money then we can be impressed.
This is not relevant at all to the merger effort in my opinion . Yes AA and US can probably go at it alone in the near term . I won't argue that . But the point of this merger is for AA to be able to compete in the long term with UA and DL . AA in my opinion simply cannot do that by staying a stand alone Carrier
and def neither can US . This merger is necessary for both carriers . Some may not want to accept it but its what AA needs . The merger will strengthen AA's network and competitive position . Embrace it because it will happen one way or the other .