How much this time?

[LGA Fleet Service]

Wonder what the TWU will hand over this time?


American Airlines is on track to reach a USD$700 million savings target this year American Airlines is on track to reach a USD$700 million savings target this year and plans to set an ambitious savings goal for 2007, the carrier's chief financial officer said on Wednesday.


American to set new savings target

 

[A/C FIXER]

Wonder what the TWU will hand over this time?
American Airlines is on track to reach a USD$700 million savings target this year American Airlines is on track to reach a USD$700 million savings target this year and plans to set an ambitious savings goal for 2007, the carrier's chief financial officer said on Wednesday.
American to set new savings target

Can you say "Pension"

 

[FWAAA]

Can you say "Pension"

I can say "pension," but what's that got to do with anything?

Oh, I get it - you're trying to spread fear that AA is gonna negotiate a termination of the DB plans in exchange, of course, for nothing in return. Uh-huh. After shoveling a couple billion into the plans since 2001, all of a sudden, AA is gonna do an about face and freeze or terminate the plans. Maybe so, but I doubt it.

 

[Wretched Wrench]

I can say "pension," but what's that got to do with anything?

Oh, I get it - you're trying to spread fear that AA is gonna negotiate a termination of the DB plans in exchange, of course, for nothing in return. Uh-huh. After shoveling a couple billion into the plans since 2001, all of a sudden, AA is gonna do an about face and freeze or terminate the plans. Maybe so, but I doubt it.

Performing right up to expectations, aren't you? Or down to expectations.

Troll.

No, he is not "trying to spread fear". Many of us are simply speculating on the future.

You don't have a dog in this fight, so stop being such a ninny. Of course, if you actually have some knowledge or information to share, please do so. But your high-school lunchroom grandstanding and goading serves little purpose, other than to throw oil on the fire.

Or is that what you intend?

It is more likely that AA will offer something similar to the pattern they already set with non-union pensions. New hires will be offered only a DC plan, young and middle age employees will have their DB frozen, continuing forward with a DC plan, and older employees will keep their DB plans.

 

[NewHampshire Black Bears]

"Wrench",

Your pension analysis is probably "right on the M O N E Y "

As for FWAAA,

Ya, he NOT an employee, but I find him an AA Advocate, even though he's a PRO Business Republican.

I can honestly say(for the most part) his posts are PRO AA company, and Employees(to a certain degree).

NH/BB's

 

[eolesen]

Like it or not, customers like FWAAA and I are also business people, so it's a no brainer that we're going to be more sympathetic to the financial side of the business since we deal with it at a higher level than you do.

Wrench, I find it ironic that you accuse FWAAA of "spreading fear" yet the whole premise of this thread is spreading fear about concessions, which haven't even been mentioned.

And how dare you say that as customers we have no dog in this hunt?

If AA starts cutting back service (either in terms of schedule or onboard product), we're the first to feel it. Sure, I can fly WN and make an extra couple stops, but I'd rather not. Even though a few of you don't really deserve and/or appreciate my business, I'd rather fly on AA when possible, even if it means a longer trip (as was the case last week) or putting up with ORD's delays.

 

[Wretched Wrench]

Wrench, I find it ironic that you accuse FWAAA of "spreading fear" yet the whole premise of this thread is spreading fear about concessions, which haven't even been mentioned.

Nope. Read it again. FWAA posted "Oh, I get it - you're trying to spread fear that AA is gonna negotiate a termination of the DB plans in exchange, of course, for nothing in return."

I did not accuse him or "spreading fear" as you say. I only used those words when quoting him. WITH quotation marks, BTW. He accused A/C Fixer of that. A/CFixer did raise the issue for discussion, which is hardly "spreading fear".

And how dare you say that as customers we have no dog in this hunt?

Neither of you have any legitimate interest in when, if or how our pensions are modified or eliminated, and are certainly not entitled to take a partisan position. I do not believe passengers are qualified or entitled to comment on out pensions.

I buy GM products, but I stay out of the Auto Workers' pension discussions. They like it that way.

And, FWAA's post was negative, accusatory and inflammatory, intending only to goad or provoke. It offered nothing informational or constructive.

That said, I would be interested in constructive or informational input on the subject from well-informed non-employees.

What's nest. Imagolfer chiming in to defend FWAA, too?

 

[A/C FIXER]

I can say "pension," but what's that got to do with anything?

Oh, I get it - you're trying to spread fear that AA is gonna negotiate a termination of the DB plans in exchange, of course, for nothing in return. Uh-huh. After shoveling a couple billion into the plans since 2001, all of a sudden, AA is gonna do an about face and freeze or terminate the plans. Maybe so, but I doubt it.

I'm trying to spread fear? I'm stating what I feel will happen next to the workers under contracts, and I'm NOT the only one who feels this way. Management/non-management already had the opportunity to keep the DB plan or go to a contributory plan several years ago.
The workers under contract probably won't have that choice, what I see the company saying is, that as of a certain date we will no longer have the DB plan, everyone in the plan will be frozen at where they are at and will now have a matching type 401k plan.

 

[aafsc]

These cost saving items they are talking about could very well come from the previously mentioned aircraft modifications. As more and more aircraft get the winglets, the cost savings in terms of fuel will get greater and greater. AA will also realize cost savings as more and more of the super 80s have one of the aft galleys removed and replaced with additional seats thereby generating more revenue while at the same time reducing costs. AA has also made a tender offer to repurchase future debt which will reduce future interest expense.

 

[flyastrojets]

Additional $100 million contributed to pensions...

Press Release