AMR considers 5 airlines for merger
- Thread starter usa1
- Start date
nycbusdriver
Veteran
And Lakefield is still LCC Vice Chairman. Little doubt that he still plays a big part in "fund raising" for Parker's schemes.
PITbull
Veteran
- Joined
- Dec 29, 2002
- Messages
- 7,784
- Reaction score
- 456
You know how these things work on wallstreet, the acquiring company stock usually goes down; not up. AA is in BK, so folks on wallstreet are trying to make a quick buck. Personally, I am a trader, and there is no way I would touch an airline stock, let alone an airline with the history U has. Even if there were a merger, U would have to shell out billions of $$, they have union groups who are reworking another T/A, loads of issues with managagement and employee bad blood, possibly having to offer voluntary separations to all groups to right size the merged company, and that is going to take again, billions of $$.
The best way to make money is to "short the stock" if a merger would ever occur.
You guys are clueless. Parker is consider one of the brightest aviation people out there especially in the finance community. He is be out front leading this industry since 911, he has be correct on just about everything. If some venture capitalist were starting a new airline and Parker and Horton where the finalist they would choose Parker 100 times out f 100. BTW, merger or not in 5 years Parker will still be an airline CEO Horton will not.
And please do not show your brainwashed union ignorance with the usually "I am a corp. @$$ kisser" comments.
And please do not show your brainwashed union ignorance with the usually "I am a corp. @$$ kisser" comments.
I see no need for additional comment, as anything that begins with "You guys are clueless" and yet amazingly ends with that last...well/etc.
NEW YORK -- American Airlines is weighing various options for its future, but most analysts say the nation's No. 3 airline only has one viable choice: combine with the No. 5 Tempe-based US Airways.
American could leave bankruptcy protection as an independent company. Or join forces with a much smaller airline such as JetBlue or Frontier. There has been talk of a tie-up with United or Delta, the nation's two biggest airlines, or possibly a large infusion of [background=transparent]cash[/background] from either a foreign airline or a private equity firm.
Some of those scenarios might be wishful thinking while others will -- at least -- be vetted by management. Tom Horton, CEO of American's parent AMR Corp., said Tuesday that he is now evaluating "a range of strategic options, including potential mergers." Here are some of the possibilities:
-- US AIRWAYS MERGER
If you listen to Wall Street, this is the only outcome that makes sense.
nycbusdriver
Veteran
Did I miss the successful merger he engineered with Delta?
With United?
With US Airways even?
With the judgement to drive intoxicated?
With anything of real importance?
You missed his stellar balance sheet!
If Parker was such a financial genius, then why has US paid a higher price for fuel than has AA since the merger of HP and US? Only in 2010 did US pay less per gallon than AA. His financial wizardry apparently doesn't extend to controlling fuel costs.
Addtionally, if Parker's merger proposals were such good ideas, then why the DL failure? Why did UA and CO both shun his merger overtures?
Finally, if Parker's plan to take over AA was such a winner, then why hasn't the AA creditors committee not petitioned to shorten the exclusivity period?
It's easy for someone in Tempe Corporate Communications to post flattering characterizations of the drunkard in charge, but his record of results falls short.
Addtionally, if Parker's merger proposals were such good ideas, then why the DL failure? Why did UA and CO both shun his merger overtures?
Finally, if Parker's plan to take over AA was such a winner, then why hasn't the AA creditors committee not petitioned to shorten the exclusivity period?
It's easy for someone in Tempe Corporate Communications to post flattering characterizations of the drunkard in charge, but his record of results falls short.
Beancounter
Veteran
- Joined
- Jun 28, 2009
- Messages
- 1,378
- Reaction score
- 1,817
Not a success? Parker took over AWA when we had one foot in the grave and the other on a banana peel. He and McClelland turned the company around and prior to the US merger AWA was profitable with new aircraft on order. If Parker had waited until US liquidated, Southwest would have outbid us on everything worthwhile. Another (US), one foot on a banana peel airline is brought into the fold and now we're actually doing fairly well. What, just because he won't give you babies DOH and put the company in the position of being liable, he's a schmuck? You guys need to seriously get a glue or at least rent one for a while.
Bean
Bean
CallawayGolf
Veteran
- Joined
- Nov 13, 2009
- Messages
- 1,920
- Reaction score
- 1,961
You want to put blame on Parker for needing a ATSB loan to keep AWA in business when he had been CEO for 10 days prior to 9/11? What exactly was he supposed to accomplish according to your expectations in those first ten days that would have kept the company solvent despite the fact that the entire air transportation system was grounded for several days followed by a unprecedented drop off in consumer demand borne out of a public's irrational fear of getting on a plane a week or a month after the most heinous and murderous terrorist attack in US history?
And you know exactly why the last two pieces of the US/HP merger haven't been completed yet. It is the result of your favorite group of east pilots making a mockery out of your favorite act of congress which gives a labor unions free reign to harm their own membership and infinitely delay attaining a new contract when they have absolutely no motivation to do so. As for the FAs, it was my understanding that they have never ratified a new contract in advance of the pilots because of the desire for "me too" provisions. If the FAs were to actually get a contract before the pilots, this would be history in the making. Either way, the RLA does not permit the Company to provide improvements to an organized labor group if that group doesn't want them.
So life goes on with separate in-flight operations. The people Doug reports to or that he may court for financial backing on a US/AA merger don't seem to be at all concerned about his leadership or financial performance.
Quick, name one major airline CEO who has more tenure in his position than Doug.
No sir, you missed very little....well, except for perhaps the "brilliant" investment in sub-garbage level "securities" that predictably tanked for at least 200-300 million, and you clearly missed the continuous IV drip of Kompany Koolaide that others obviously "benefit" from 😉
1) Good to know that the "east pilots" actually run the company and that CEO is merely a titular descriptive, bereft of any/all actual authority, (much less ANY evident responsibility) for anything whatsoever....Words just fail me.
2) "Doug"...? Ah!...Nevermind then. I'd naturally hesitate to offer any insult to any first-name-basis/great-personal-friend of yours. Wow! That Kompany Koolaide's gotta' be some "good stuff" indeed 😉 I'll have to personally pass on it though, as it appears to be highly addictive...and the tragic side effects are equally obvious....
Similar threads
