Doesn’t matter how bad employees have been screwed at other airlines; they figured out that you either accept the reality and do the job you are being hired to do or your airline fails and you are out on the street.
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All the talk of “we’ll burn it down” (remember UA’s “we’ll squeeze the golden goose…” mantra?) somehow dissipates as soon as the first couple “new” paychecks become reality – and employees at every other airline have managed to do what they have to do run the airline that pays their bills.
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So, we are FORCED to take on debt, Bob? Kinda like “the devil made me buy that car?”… no, every one of us makes the choice to either live within, above, or below our means (and thus save)…. We all have faced economic unexpected challenges and had to adjust our economic expectations – maybe even taking on debt in the process – but those who choose to right their financial ship do so as quickly as they can – and make changes to their lifestyles to meet their financial goals.
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There are Americans who are running around Europe and SE Asia frolicking with their wealth; is that any indication of how the vast majority of Americans are doing any more than spotting Europeans shopping in NYC indicates the value of the currency.
BTW – I suspect a lot of European vacation plans to the US just got put on ice unless the Euro makes a pretty hasty return. All of a sudden, economists are saying the dollar might be the safest of the large global currency options…. And all the US did was to sit around and wait for everyone else’s problems to blow up.
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Brazilians are now the largest source of foreign visitor consumer spending in the US.
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Strike,
When the American government denies the benefits that were promised to current SS recipients, then the American people probably too will rise up and revolt just like the Europeans.
But that hasn’t happened and Washington won’t be dump enough to outright deny the benefits… they’ll slowly chip away – having learned from Europe’s mistakes. Sort of like the frog thrown into the pot of cold water over an open flame vs. one that is thrown into boiling water.
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There is no assurance that ANY airline will survive, but esp. one in BK now. Assuming you can give the middle finger to AA, expect them to just “take it,” and then carry on with your reduced paycheck could very well be a lethal act for AA’s future. Sure, industry leadership learned from Eastern’s labor problems and have managed to keep it from happening again but AA could not face a more difficult economic and competitive situation in which to restructure. Downplay the risk at the peril of your future and that of everyone else that is connected to AA.
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The industry collectively is pulling down several percent of capacity over the next year based on current guidance, has airplanes on order that were intended as replacement but could quickly become growth aircraft, and the system would welcome less capacity.
E is absolutely right… the threat of “AA is too big to fail or BE ALLOWED TO FAIL” won’t be heard by anyone.
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Based on AA’s July traffic report, they carried 246,600 passengers per day on average.