WorldTraveler
Corn Field
- Joined
- Dec 5, 2003
- Messages
- 21,709
- Reaction score
- 10,662
probably not.. nor would it mention that other airlines faced many of the same challenges and still managed to adapt to those new realities.I doubt the master's thesis (from 1982) talks about massive employee concessions that follow a near-bankruptcy experience precipitated by a terrorist destruction of the WTC using UA and AA 762s, followed by an invasion of Afghanistan and Iraq and a steady price rise in oil to $147/bbl by 2008. I doubt it mentions the much-maligned cornerstone strategy or the need to again lower costs because AA's primary competitors filed multiple bankruptcies and then merged and ate AA's lunch in 2009-11.
It would be funny if it outlined how AA's future depended on large hubs at SJC, RDU and BNA served by hundreds of three-engine widebodies. 😀
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The whole point of not filing for BK was because AA was supposed to be able to restructure on its own... something they clearly HAVE NOT done.
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So, spare us all the whining about how tough it has been on AA and admit that mAAnagement has not done their job - despite having 8 years to do it.
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And be sure also to note that while all those airlines were restructuring in BK, AA mgmt did not take advantage of the opportunity to grow its franchise at those airlines' expense... something very easy to do when a competitor is up against the wall....
Perhaps it's no surprise that AA's competitors are now doing even before AA enters BK what AA failed to do when those carriers were in BK - and will only increase their assaults when AA is finally completely pinned to the wall....
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because the brutal realities of the competitive marketplace won't make it into a master's thesis - partly because in AA's case it would require AAdmitting that AA has fAAiled to manage its enterprise for a decade or more - while other carriers have taken every opportunity to increase their revenue, including at AA's expense.
And AA's employees will pay a long term price for the loss of the network benefits that have helped AA generate substantial revenue premiums to the industry in the past but which are being eroded by the day.