Employees, Shareholders Ask For More Informati

[calibrator]

Read what Mr. Licht had to say at this “meetingâ€￾. This one old gentleman confronted a CEO that as usual talked out of his hat. If more people held these creeps accountable maybe their arrogance and tyrannical tactics would go away, but then again we live in a world and country more concerned with its enemies feelings then stopping them from killing us.

ARTICLE

 

[delldude]

Read what Mr. Licht had to say at this “meetingâ€￾. This one old gentleman confronted a CEO that as usual talked out of his hat. If more people held these creeps accountable maybe their arrogance and tyrannical tactics would go away, but then again we live in a world and country more concerned with its enemies feelings then stopping them from killing us.

ARTICLE

[post="270594"][/post]​

old gent with 60,000 shares in his file...and rightly so ticked off....but you know they aren't saying anything ...we been there too many times. 😉

 

[Mtnman928]

old gent with 60,000 shares in his file...and rightly so ticked off....but you know they aren't saying anything ...we been there too many times. 😉

[post="270601"][/post]​

I listened to the web-cast yesterday and heard Mr. Licht’s comments. He did express a lot of concerns I am sure the AW people have and he had a good comment about TWA even though I do believe there are maybe 400 pilots still working for AA.

The comment that struck me the most was his concern about the employees of AW and their wages and well being, then he goes off and comments that he just flew on Southwest to San Francisco and Dallas because they were cheaper. He berated the airline because they were too expensive.

If I am following this guys logic; he wants a cheap fare but he wants the employees to make a decent wage and have a security in their job. If AW lowers there fares like the industry trend dictates, where do you thing AW is going to make up the shortfall in revenue?

If he is/was a stockholder in AW you would think he would show a little loyalty and fly on them once and awhile.

Mtnman

 

[JetClipper]

Two things about Mr. Licht’s comments strike me as particularly difficult to agree with.

First, while any number of current and former airline industry executives could be described as “arrogant,†I definitely would not count Mr. Parker as one of them. He appears to be a fairly straightforward and, dare I say it, humble individual.

Second, the threat of shareholder lawsuits from the likes of Mr. Licht severely limits what executives of either airline can say about the merger discussions. All it takes is one misunderstanding and AWA will be buried under a mountain of court filings. Don’t believe me? Look at the ever-growing “forward-looking statements†at the bottom of any company’s financial releases.

I can’t help but wonder if Mr. Licht was actually a “Trojan Horse†sent by a union from one airline or another to simply disrupt the shareholder meeting.

 

[funguy2]

It seems like Mr. Licht's frustration should be at least partially vented at the SEC, who's requirements prevent Parker from being more "candid".

 

[Winglet]

After the TWA debacle, it's no surprise that shareholders would be alarmed at taking on a Mt. Everest of debt in return for a zombie company.

 

[jimntx]

If I am following this guys logic; he wants a cheap fare but he wants the employees to make a decent wage and have a security in their job. If AW lowers there fares like the industry trend dictates, where do you thing AW is going to make up the shortfall in revenue?
Mtnman

[post="270649"][/post]​

But cheap fares and decent wages are not diametrically opposed ideas. Your question implies that the only way to lower fares is to cut employee wages. If that is so, how is it that Mr. Licht was able to find cheaper fares on Southwest and yet their employees--particularly the flight attendants--are now some of the highest paid in the industry?

I think his point was that SW is protecting its employees, paying them decent wages, still offering lower fares that AW and most eveyone else, and (the real clincher) MAKING MONEY AT IT.

 

[twambassador]

I'm a former TW employee that was a victim of the AA/TW merger. I am now at HP, but guess what? I'm for this merger. HP can't survive staying the same size that it is. (i.e., could not compete on transcon, had to pull down flights). At the same time, growth from within is very difficult because HP doesn't have the money, and if it does, it will need several years of losses growing in different markets and HP can't afford the time or the money. The only logical conclusion is a merger. I think US would be the best choice as far as route structure and the least amount of overlap, so employees will be affected minimally. As long as you have a good business plan, you are well capitalized and a good network, other stuff like seniority, unions, fleet etc. is secondary. It will work itself out eventually. Stay positive.

 

[osunut]

Read what Mr. Licht had to say at this “meetingâ€￾. This one old gentleman confronted a CEO that as usual talked out of his hat. If more people held these creeps accountable maybe their arrogance and tyrannical tactics would go away, but then again we live in a world and country more concerned with its enemies feelings then stopping them from killing us.

ARTICLE

[post="270594"][/post]​

Parker doesn't talk out of his hat. Parker and the rest of the senior managment will go out and throw baseballs at each other in a dunk tank to have fun with their employees. When is the last time you ever saw airline exeutives do that? He is very open and willing to listen to employees, just follow the chain of command like anyone should. He is far from a "creep", now where near arrogant and tyrannical tactics, please!
One thing that you didn't note was that Parker got upset when this grumpy old man attacked Parker saying he doesn't care about the employee, Parker bit back, and got a a standing ovation! It was Parker employee's who were standing behind him right then, not Airbus, Air Canada, PAR, TPC, U, BK Court, ALPA, IAM, TUW or AFA.
Please come to your senses and realize that the selfish one here is that grumpy old man that feels he is going to lose money.
Check the filings, TPC owes over 850K of Class A or 54% voting power (Class A is 2 for 1, Class B is 1 for 1). All the Class B combined can not out vote them, so why even argue? :blink:
Everyone needs to grow up and realize that what ever happenes, happens. Deal with it or walk, no one is stopping you.

 

[phasersonstun2]

After the TWA debacle, it's no surprise that shareholders would be alarmed at taking on a Mt. Everest of debt in return for a zombie company.

[post="270763"][/post]​

What debt? We shed it in "BK 1, Steven's hangover" THEN left BK too early so our "buddy" Dave could get his 2 mil bonus. This is why incentives are highly corrupt, but that is for another post.

The so-called zombie label could be said of either company. Wake up. LUV has over 600 aircraft.

600+.

How long will HP or any other legacy carrier last without a major restructuring is the question. If U disappears, the overall capacity would decline, but it would be like losing weight by amputating a limb. U is still BIG in certain East Coast markets, and if U vanished there would be a dearth in air service overnight for dozens of cities for months until a new carrier began service, probably LUV or JB.

LUV is now the "Microsoft" of the airline business, dictating pricing, market saturation and it dominates the airwaves with advertising. JB wants to be LUV but is finding the East coast comes with high fixed costs.

HP and U will hopefully be managed by HP execs, and the U employees I know are ready to get behind a management team with vision.

Also...

PHL problems are behind us. The ramp operation is MUCH better.

Look at what the U employees have done in bad times. We are ready to go forward.

The Caribbean operation is solid.

We now fly to 12 cities in Europe.

The South America economy is rebounding, and we are well positioned to serve it in the next few years.

PHX is growing faster than bamboo.

HP serves Central America too.

There are great possibilities here, so how about looking at that.