- May 27, 2016
And what happened last time? Oh please help us and give back to avoid bankruptcy. And then what happened? Bankruptcy anyways. Any kind of concessions won't avoid bankruptcy.help now for a couple years or suffer through decades of concessions. I’m just going by history.
Take note of the part that all the airline union contracts are all mostly equal and close to each other. This is really good going into this come Oct. In other words; for example only, lets say That AA decided to not allow a vote or the new contract to continue forward. Then AA would be sitting at a better savings level than other airlines with their new contracts already enacted. Then we would have seen United looking for concessions on their contracts to better compete with AA, then Delta would also probably follow suit with some changes as well. But, here we all are pretty much all at or around the same and they cannot use that excuse this time.Here is your reality check. This ain't coming from CNN.
Thought you guys would like to see this
I found it rather informative.
I especially found this part interesting.
"In connection with this funding, UAL will issue warrants to purchase approximately 4.6 million shares of UAL common stock to the federal government."
I'll be damned if I would take a financial hit for someone else's benefit.I heard >50% of employees in one of the groups agreed to reduced hours. Whether or not it's enough to avoid layoffs, who knows.
Indeed.You don't cut hours and pay. You lay off and get your headcount to be sustainable. When things improve you call back workers as needed.
You would think people would learn but they just keep doing the same stupid thing over and over and over.But if we can avoid bankruptcy with working 30 hours a week I’m all for it.
You actually would trust Parker and Co to do this and not layoff. They'd reduce hours and layoff anyways. These guys are snakes and should not be trusted. Just like the Association.
Exactly.And what happened last time? Oh please help us and give back to avoid bankruptcy. And then what happened? Bankruptcy anyways. Any kind of concessions won't avoid bankruptcy.
I think your right about bankruptcy setting off a chain reaction in airlines. We could see serious changes in how airlines are dealt with and regulated. Since this is a national disaster I think airlines will be dealt with much better than if they caused the problem themselves. If this goes on much longer all the airlines will be bankrupt. Sets up major changes in how governments handle public aviation.
Take note of the part that all the airline union contracts are all mostly equal and close to each other.
Its clear.. the deregulation of the airlines has been a failure, to passengers and employees. Re regulation cant come soon enough...
it all depends on the next aid package - if there is one.
Here is your reality check. This ain't coming from CNN.
to me, it looks like aa has put itself in a position to layoff for oct. a few dozen ramp C/C jobs in my station were eliminated for a bid coming up - all that inside the fog of this crisis. mngt. will do the work once done by LAA C/Cs.
is this temporary (i believe the union will protest this once it occurs) or permanent (iam language)???
if permanent, there go a bunch of C/C jobs..i believe the ratio in the contract is 1 C/C for every 12 FSCs. if they get rid of FSCs, they can eliminate C/C positions.
That's a pretty big if. The DC insiders I've been in touch with all say it ain't happening, same thing with the journalists and talking heads I know. The airlines certainly don't want to continue waiting on a recovery that might not happen as long as international borders remain closed, so aside from those getting laid off, who is in favor of another aid package?
The only possible relief airlines might see would be taxes/fees or perhaps putting the repayable portions of the original CARES grants on the same terms as the PPP loans which were foregivable.