Yes, and there is the feeling amongst the members i work with every day is that they have grown tired of this rhethoric. He wants us to believe, and I know his intent is all good, that we will fare better in BK court....As soon as my pension is either frozen or terminated...NO GOOD WILL HAVE COME FROM BK!
I still say we should have had them go BK back in 2003. We gave them more outside of BK than they would have received in BK. Now after eight years of brutal, industry leading real time concessions the things we kept, which we would see way down the road, are under threat.
" But we still have a pension"
well you paid for it, figure the numbers. We kept the pension, and each year it increases in value around by $1200 years down the road, but we gave up a week of vacation that our peers kept, that's worth $1310 at our current rates here and now. Add in the match that was used when the DB was cancelled and over the last eight years AA saved a ton of money by not having to lay out money for a match ($3700) and getting all of us to work an extra week more than our peers essentially for free. For every 50 workers that lost a week of vacation they could shed one worker off payroll.
"but we still have retiree medical"
Well you were paying for that as well with less Holidays, sick time and iod time than our peers. Throw in straight time for training and other concessions
"we still have oh"
In 2003 the union said cut the jobs and leave the pay, the company opted out. The company said they could not run their business if they cut that many heads. They cut them anyway along with capacity but have kept oh in house because AA already had low cost mechanics in place, our peers did not. AA enjoyed and most likely still enjoys an overall cost advantage by keeping this work in house. Despite the fact that we do nearly all our oh in house and Southwest outsourced most of theirs are labor costs per ASM are pretty close.
. We went through BK, already lost as much in value what we would have lost and now they may try and get those things we have paid for as well.