Official: AMR Bankrupt

[commavia]

I wish everyone the best of luck in navigating what is sure to be a painful process ...

http://aa.mediaroom.com/index.php?s=43&item=3397

 

[737823]

I wish everyone the best of luck in navigating what is sure to be a painful process ...

http://aa.mediaroom.com/index.php?s=43&item=3397

I hope all AMR employees remember managements attempts to negotiate in good faith with APA to achieve a mutually beneficial contract. We'll likely see lots of changes in the months ahead and I can't imagine they will be particularly customer or employee friendly. I wish AMR employees and their families the very best.

Josh

 

[Strake]

Ok, So now what?

 

[Hopeful]

Ok, So now what?

Now we will see EXACTLY what AA wants from employees. I susupect they will get more than what they were asking for!

 

[JFK Fleet Service]

Now what? From what I'm seeing on CNBC they are acting as their own DIP financiers which tells me this was their "Plan B" all along.

I'd expect to see either a substantial reduction in S80 lease rates or lease rejections En Masse,and the pension to be shunted off to the PBGC as well a laundry list of other changes.

Well, we've watched other airlines do it, now it's our turn in the barrel.

 

[JFK Fleet Service]

But I'm sure Arpey's pension and retiree healthcare benefits will emerge unscathed from the Chapter 11 process.He retired *then* they file for Chapter 11 protection.

Thanks for nothing Gerry.GFY!

 

[Hopeful]

Well Horton is top dog now.....
Like I have said all along, one way or another AA will get what they want in terms of employee concessions.

 

[TWU informer]

I just went backed and watched the YOUTUBE VOTE NO videos again for refresher.

 

[RevThruster]

This was inevitable, I can't imagine that anyone would be surprised. I am wondering if UAL and DAL will start taking market share out of MIA and DFW. I can remember when DAL and UAL went through BK, how posters on the forums would brag about how American was going to buy pieces of them, their routes, etc., and about how OneWorld was an "elite" alliance for non-bankrupt carriers.. Unfortunately, karma has taken its turnl. I hope all AA employees come out of this better. Humble pie is being served!

 

[TIME FOR CHANGE]

Maybe now we will get a contract 😀

BOHICA

With a chapter eleven filing can we reorganize the TWU :unsure:

 

[JFK Fleet Service]

I just went backed and watched the YOUTUBE VOTE NO videos again for refresher.

Lot of those folks are going to be transferring to the street or a new station and the senior ones are going to find themselves back on the line and in the belly after years of skating...good times.

 

[JFK Fleet Service]

With a chapter eleven filing can we reorganize the TWU :unsure:

Can we reject them with a reverse 1113 filing?

 

[Art at ISP]

Best wishes to all who work at AMR ... It's going to be a rough road ahead.

I do hope for your sakes the company is ale to keep Parker and Kirby from ruining yet another airline......

And notice how Arpey's decision to "retire" was downplayed and hidden within the story.....guess he got outvoted......

If your pensions get farmed out, so should his!

My bet to you all......

 

[PhatSappy]

Well there it is. Is Arpey gone yet?

 

[WorldTraveler]

You can only read this news with a big lump in the throat.... we never wanted it to come to this but now want the process to move as quickly and as painlessly as possible.
.
All the best to each of you at AA.