Bob Owens visits airline analysts to argue labor's side of story

[FWAAA]

NEW YORK (TheStreet) -- Labor leaders representing American Airlines >(AMR) mechanics and fleet service workers were visiting Wall Street analysts Thursday and Friday to tell their side of the story.

"Analysts love to get all the information they can get," said Bob Owens, president of Transport Workers Union Local 562, which represents about 800 American mechanics and stock clerks at New York's Kennedy, LaGuardia, Boston's Logan and San Juan airports. "They appreciated the fact we could give them information that is not readily available."

http://www.thestreet.com/_yahoo/story/11059087/1/american-labor-leaders-visit-analysts.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Bob's wearing a suit - looks like management. Overall, nice article.

 

[Hopeful]

http://www.thestreet.com/_yahoo/story/11059087/1/american-labor-leaders-visit-analysts.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Bob's wearing a suit - looks like management. Overall, nice article.

Nice to hear that Wall St. would even take the time to hear labor's side. My hat's off to them.
Also, whatever people on this board feel about Bob Owens...He walks the walk and talks the talk. He is as committed to his union membership and the craft as a whole.

 

[WorldTraveler]

http://www.thestreet.com/_yahoo/story/11059087/1/american-labor-leaders-visit-analysts.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

Bob's wearing a suit - looks like management. Overall, nice article.

nice touch but we don't see the response from those analysts... since Bob hammers away at the same points that those who understand business here call him on the carpet for continually making, it's kinda doubtful they are going to quick change their views of AA's labor situation.

 

[Hopeful]

nice touch but we don't see the response from those analysts... since Bob hammers away at the same points that those who understand business here call him on the carpet for continually making, it's kinda doubtful they are going to quick change their views of AA's labor situation.

And the response could be not what labor would like to hear.
But it is step in the right direction just having one's day in court!

 

[FrugalFlyerv2.0]

... since Bob hammers away at the same points that those who understand business here call him on the carpet for continually making, it's kinda doubtful they are going to quick change their views of AA's labor situation.

ding ding ding we have a winner

 

[Hopeful]

nice touch but we don't see the response from those analysts... since Bob hammers away at the same points that those who understand business here call him on the carpet for continually making, it's kinda doubtful they are going to quick change their views of AA's labor situation.

Right, unlike Arpey wearing his suit on his trip to Wall St. where he hammers away about how wonderfully generous AA is to its employees!

DING DING.............NOT A WINNER HERE!

 

[FrugalFlyerv2.0]

Right, unlike Arpey wearing his suit on his trip to Wall St. where he hammers away about how wonderfully generous AA is to its employees!

The numbers don't lie.

 

[Hopeful]

The numbers don't lie.

Gee, I wonder how many corporate CEOs and CFOS are doing time for NOT lying?

Can you say ENRON? TYCO?

 

[DallasConehead]

Hats off to Owens for getting his mesaage to the Street.

 

[FrugalFlyerv2.0]

Gee, I wonder how many corporate CEOs and CFOS are doing time for NOT lying?

Can you say ENRON? TYCO?

Gee, I wonder how many unions co-operate with the criminal gangs/mafias?

 

[Frank Szabo]

Gee, I wonder how many unions co-operate with the criminal gangs/mafias?

Even when 'ignored', comments from the shills still show up.

To answer that question however, the cooperation betwixt the TWU and AMR is a classic example of a union/criminal entrerprise/corporate symbiotic relationship.

 

[B737NG]

Hats off to Owens for getting his mesaage to the Street.

I also appreciate Bob's character and efforts.

I remember when Laura Glading did something similiar back in November of 2010. It didn't really seem to do much or go anywhere with the pace of their negotiations..
http://www.marketwatch.com/story/americans-flight-attendants-forbidden-to-strike-2011-03-25?reflink=MW_news_stmp

APFA on WALL STREET

On Thursday, November 11, APFA President Laura Glading, Vice President, Brett Durkin, Chief Negotiator, Anne Loew, Labor Counsel, Rob Clayman and Airline Economist, Dan Akins traveled to Wall Street to deliver and brief airline industry analysts on an APFA white paper, “What’s Wrong With American Airlines? Part Two.”

The issues outlined in the white paper are:

* The $600M Labor Cost Claim – American claims a $600M labor cost disadvantage over other carriers. This claim remains unsupported by the data and model provided to APFA.*
* The Revenue Gap vs. CASM Gap – American’s profit margin compared to its competitors has widened over the past three years, while the CASM gap as shrunk.*
* Labor Cost Convergence – Arpey stated in the 2010 AMR Annual Meeting that AA’s alleged labor cost disadvantage would narrow over time and labeled the phenomenon as ‘cost convergence.’ However, the white paper predicts that by the end of this year, American’s Flight Attendants pay will lag the industry average by 6.8%.*
* Executive Compensation – In 2007, 2008 and 2009 the top five officers of AMR received a total of $49M while the company lost $3.1B*

 

[WorldTraveler]

I also appreciate Bob's character and efforts.

I remember when Laura Glading did something similiar back in November of 2010. It didn't really seem to do much or go anywhere with the pace of their negotiations..
http://www.marketwatch.com/story/americans-flight-attendants-forbidden-to-strike-2011-03-25?reflink=MW_news_stmp

APFA on WALL STREET

On Thursday, November 11, APFA President Laura Glading, Vice President, Brett Durkin, Chief Negotiator, Anne Loew, Labor Counsel, Rob Clayman and Airline Economist, Dan Akins traveled to Wall Street to deliver and brief airline industry analysts on an APFA white paper, “What’s Wrong With American Airlines? Part Two.”

The issues outlined in the white paper are:

* The $600M Labor Cost Claim – American claims a $600M labor cost disadvantage over other carriers. This claim remains unsupported by the data and model provided to APFA.*
* The Revenue Gap vs. CASM Gap – American’s profit margin compared to its competitors has widened over the past three years, while the CASM gap as shrunk.*
* Labor Cost Convergence – Arpey stated in the 2010 AMR Annual Meeting that AA’s alleged labor cost disadvantage would narrow over time and labeled the phenomenon as ‘cost convergence.’ However, the white paper predicts that by the end of this year, American’s Flight Attendants pay will lag the industry average by 6.8%.*
* Executive Compensation – In 2007, 2008 and 2009 the top five officers of AMR received a total of $49M while the company lost $3.1B*

again, there is nothing wrong w/ any labor leaders talking to Wall Street - and it is good of Laura and Bob both to put forth the effort - but we haven't seen any indication that Wall Street changed their mind as a result of either of these visits.
If you can find indications they did, let me know.

 

[FWAAA]

What is the TWU's objective in sending its NYC local leaders to Wall Street to try to convince the analysts that the union's view of AA's labor costs is correct and that management's spin on the labor costs is not correct? Wall St analysts aren't members of the board, aren't mangement and probably don't own enough shares to alter the outcome of the shareholder vote for directors in a few weeks. So what's the goal?

 

[Hopeful]

Gee, I wonder how many unions co-operate with the criminal gangs/mafias?

No argument there. But if the gang/mafia was part of the TWU, I can think of a few union/company leaders who would've been clad in cement overcoats right after cooperating with the company in raping us in 2003!
But you are cute, answering a question with a question..Nice touch!