700UW said:
I would not trust Mr Chiames, don't you all remember this posting from him?
Yep his integrity shows, I don't trust him at all!
[post="166749"][/post]
I was going to let this pass, but changed my mind.
Everyone sitting in that room yesterday recognized the rapid and significant changes occuring in the industry. Airways MUST completely change in order to have a chance to be successful. Will this work? No one knows, but at least they are trying. Some legacy carriers are sticking their collective heads in the sand or relying on a quick and very optimistic return of high-end business customers.
What if they aren't telling us the truth? We have the option to walk to the next counter, where our status will be comped. Even if they are completely honest, some customers will change allegiance. But every customer who was there yesterday WANTS US Airways to succeed.
The abrogation of heavy maintenance is a employment bonus for the owner. Nothing more and nothing less. Do you truly believe that if the owner were a retirement fund in Pennsylvania that any maintenance jobs would have been moved out of PIT? Would TPA have closed if the owner was in Florida?
As a shareholder at the time, you have the right to pursue litigation against RSA based on a conflict of interest or diminution of value. I have not seen any lawsuits from individuals on either of these counts.
"Full pay til the final day" implies that shutting down the company is better than taking a pay cut from them. I hope that the marketplace where you live is able to absorb all the people who will be out of work if the company folds. Pittsburgh, especially will be susceptible to a significant depression of the housing market that may result in loss of equity. In such a situation, other businesses will be less likely to hire new employees further depressing salaries. Rather than putting yourself and your family in that situation, why don't you change employers now, so that you won't be competing in such a scenario that you envision?
We heard certain answers yesterday that sounded that if they don't work, they'll try something else. If the company sticks with a losing strategy too long, they'll be toast.
Give them credit for showing up. Ten of them on a day off. If you have a better way to communicate with your best customers, please let us know, so that we'll consider it for our next meeting.
Cheers.
