"it's a shame that UA's employees didn't fight for its survival BEFORE they went into bankruptcy. Instead, they were determined to get everything they could from the golden goose and were surprised when there were no more golden eggs. I truly hope the investment UAL's employees made in their company yields positive results. More than anything, my point is that UAL's emergence is not at all certain and many United employees still seem to embrace the attitude that everything will be ok - the same attitude they had on December 1, 2002 and that landed the company in bankruptcy."
the "golden goose' analogy is getting a little stale. I think it was a liabalous lie put out in the press that UA's employees did not want to help. nothing could be farther from the truth. In all honesty, the problem was that the unions had advisors who mis-estimated the amount the HIGHLY political ATSB (only a political entity would allow itself to be LOBBIED by UAL's competitors) would want in labor savings. In other words, we were negotiating with someone who wasn't even at the table, and may not have accepted ANY level of pain. The situation with AMR was MUCH differant. They were told "give us $X by this date or we file" Had this happened at UAL, the unions would have given the required amount. As to us choking the goose, I hardly consider paying a highly trained, professional individual who holds in his hands the responsibility of safely operating a $100 million jet with you family aboard, less than a city bus driver in the city in which he is domiciled, to be "choking the goose".
"Nonetheless, UAL is not paying all of its bills as is clearly stated in the excerpts I copied and is why companies file bankruptcy (why else do you think they call it "protection"?)"
You apparently still don't understand the concept of BK protection or the items which still get charged to the balance sheet. Spend a little time researching please. bring up some of the quarterly reports from before BK and after (like 3rd Q 2002 vs 3rd Q 2003) compare the differant line items. Please then come back and tell us how it must be some mistake that the line items you seem to think "UAL doesn't pay so this is a false operating profit" actually show up. 🙄
the "golden goose' analogy is getting a little stale. I think it was a liabalous lie put out in the press that UA's employees did not want to help. nothing could be farther from the truth. In all honesty, the problem was that the unions had advisors who mis-estimated the amount the HIGHLY political ATSB (only a political entity would allow itself to be LOBBIED by UAL's competitors) would want in labor savings. In other words, we were negotiating with someone who wasn't even at the table, and may not have accepted ANY level of pain. The situation with AMR was MUCH differant. They were told "give us $X by this date or we file" Had this happened at UAL, the unions would have given the required amount. As to us choking the goose, I hardly consider paying a highly trained, professional individual who holds in his hands the responsibility of safely operating a $100 million jet with you family aboard, less than a city bus driver in the city in which he is domiciled, to be "choking the goose".
"Nonetheless, UAL is not paying all of its bills as is clearly stated in the excerpts I copied and is why companies file bankruptcy (why else do you think they call it "protection"?)"
You apparently still don't understand the concept of BK protection or the items which still get charged to the balance sheet. Spend a little time researching please. bring up some of the quarterly reports from before BK and after (like 3rd Q 2002 vs 3rd Q 2003) compare the differant line items. Please then come back and tell us how it must be some mistake that the line items you seem to think "UAL doesn't pay so this is a false operating profit" actually show up. 🙄
