US Pilots Labor Discussion

[BoeingBoy]

http://www.pbgc.gov/ JIM go to USAIRWAYS, call ask questions do the math whatever, RESTRICTED CASH? Long-term restricted cash primarily includes cash collateral to secure workers' compensation claims and credit card processing holdback requirements for advance ticket sales for which US Airways has not yet provided air transportation.

Oh goodie - you can cut and paste from clear's post without attribution. A mental giant indeed....

As of December 31, 2010, our investments in marketable securities included $57 million of auction rate securities. During 2011 these investments were liquidated for proceeds of $52 million. See the notes to the consolidated financial statements included in Part II, Items 8A and 8B, respectively of this report for additional information on these transactions.

a) The 2011 period consisted of $21 million in legal costs incurred in connection with the Delta Slot transaction and auction rate securities arbitration as well as $3 million in severance costs.

B) The 2010 period consisted of $6 million in non-cash charge related to the decline in value of certain spare parts, $5 million in aircraft costs related to capacity reductions and other net special

At December 31, 2011, we had approximately $1.95 billion of gross NOLs to reduce future federal taxable income. All of our NOLs are expected to be available to reduce federal taxable income in the calendar year 2012. The NOLs expire during the years 2024 through 2031. Our net deferred tax assets, which include $1.87 billion of the NOLs, are subject to a full valuation allowance. We also had approximately $82 million of tax-effected state NOLs at December 31, 2011. At December 31, 2011, the federal and state valuation allowances were $347 million and $61 million, respectively. In accordance with generally accepted accounting principles, utilization of the NOLs will result in a corresponding decrease in the valuation allowance and offset our tax provision dollar for dollar.

2012 Outlook
Looking forward it is difficult to predict the price of oil, the strength of the economy or the capacity actions of other airlines. Over the past few years we have taken significant actions to maintain capacity that is in line with demand, realign our network to focus on key markets, introduce new revenue streams, control costs and continue our commitment to exceptional operating reliability. We intend to continue to maintain our cost and capacity discipline in light of fuel prices, the state of the economy and general industry conditions.

And even cut and paste from a 10K...( I did take the liberty of formatting it to be more readable)...

(NOT BAD GOT 60MIL for 21 MIL in legal costs, OUR BOY DUI DOUG!)
--------------------------------------------------------------------------------
TEAM TEMPE IS ENRON FOR THE AIRLINE INDUSTRY!

But them you come up with this??? It helps to understand what you're cutting and pasting...

You see, if you understood any of this stuff you'd have caught one slight mistake in what clear quoted from the annual report. US does not include the credit card processor holdback in restricted cash. In fact, the holdback isn't on the balance sheet at all. In addition, airlines give "restricted cash" that represents the value of travel purchased but not yet provided it's own special name on the balance sheet - air traffic liability - and don't also include it under restricted cash. If you had an inkling about any of this stuff, you'd know that restricted cash is basically the pot that all money withheld from paychecks and ticket sales because of government imposed taxes/fees is put in. You get paid, US withholds payroll taxes from your check. But that is only remitted to the IRS once a month - the rest of the time it sits in restricted cash. Same with the company's match of payroll taxes. Every time US sells a ticket PFC's, security fees, excise taxes, segment fees, etc are collected - they go into restricted cash until remitted to the proper authority. In bankruptcy 2 US listed 10-12 different bank accounts that were set up specifically to hold restricted cash, one account for each category of restricted cash. Whether current management uses that method to separate all the categories of restricted cash or just used one account and tracks what's due to who strictly with accounting is something I don't know.

Jim

 

[BoeingBoy]

Tell us about your career and retirement, Jim. What? Captain most of your career and averaged $175k/yr over your whole career? Then retired with almost your full benefits, if not all of them? You probably did like Cpt H. Norton, helped sell LOA93 to the pilots to protect "your" retirement, then left within a month and never had to work under those rules.

Now you sit here and critisize you previous co-workers....real classy.

When I mentioned how the senior pilots in the East have stood by their friends and co-workers, funny, your name never crossed my mind. But, then you can't help it, you fit in more with the West boys and their greed, totally opposite of the class of the East group. I think I finally see where you are coming from and it's has nothing to do with the people you used to work with, it's just about you, eh?

But, hey, you're through the gauntlet and can proudly say, "I got mine!"

breeze

How little you really know, breezy. But as usual you don't let that stand in your way - just make it up as you go along...

If you weren't such a johnny-come-lately (otherwise called a newbie) to this site you'd know better...

Jim

 

[Barrister]

Uhmmmm...3872 eligible voters. 3456 cast votes. 89.3% turn out.

PHX only had just over 1200 eligible voters just prior to the election. We did vote in new members, and we MAY have had as many as 60 new members.

I would say that shy of 50 people that have the head's up & locked (a guess)...PHX most certainly showed up in full force.

Looking back at the first election, 67.26% of the combined pilot group voted AWAY from DOH to the LAST DAY (Hummel stated then "let the courts decide"). That figure is VERY TELLING. It tells me that 67% of this pilot group knows (or is willing to acquiesce) that DOH is DEAD.

For the runoff, the EAST pilot group showed up as well. As it pertains to this runoff (IMHO) 62.68% of the pilot group just couldn't stomach the successful leader of Leonidas as the leader of this union. The 50 votes that Eric got (100 for Koontz because there were 50 more that knew what a complete failure Bradford is) from you guys was nice, but not near enough.

I do think the runoff results will send a message to LCC that they will need to dig really deep to buy a contract that is Nicolau-inclusive (IMHO). The results are not unexpected. Your pilot group has proven time and time again that denile is not just a river in Egypt. The courts will decide. Any level headed person that has read the arbitration & court transcripts (all, not just a few cherry picked sentences) has a pretty good idea where this is going.

Your lack of understanding is pathetic......the percentages mean nothing in the earlier voting.
The East wanted 2 diff. guys within a few points. But once that was narrowed down to one the choice was clear.
You need to make up 1000 votes or convince 500 plus easties to CHANGE their votes. When it comes down to vote for
a NIC inclusive contract you are screwed. Do you think that a vote for Hummel was a vote away from DOH.
I never blamed a westie for this mess but if you read these messages close it is "clear" who is cracking under the strain.
and it ain't the east. If Hummel strays he will be recalled faster that you can say NIC.

Last thought....what do you think will happen if this gets back to the 9th. I'll bet someone say:
"Hey, didn't ewe tell them to get a contract and get back to us" Oh yea, I forgot they just said not ripe.
NICDOA
NPJB

 

[Phoenix]

Ahh, the old fat cat weighs in.

Tell us about your career and retirement, Jim. What? Captain most of your career and averaged $175k/yr over your whole career? Then retired with almost your full benefits, if not all of them? You probably did like Cpt H. Norton, helped sell LOA93 to the pilots to protect "your" retirement, then left within a month and never had to work under those rules.

Now you sit here and critisize you previous co-workers....real classy.

When I mentioned how the senior pilots in the East have stood by their friends and co-workers, funny, your name never crossed my mind. But, then you can't help it, you fit in more with the West boys and their greed, totally opposite of the class of the East group. I think I finally see where you are coming from and it's has nothing to do with the people you used to work with, it's just about you, eh?

But, hey, you're through the gauntlet and can proudly say, "I got mine!"

breeze

Breeze, he enjoys being the belligerent. You are just encouraging him.

 

[BoeingBoy]

Breeze, he enjoys being the belligerent. You are just encouraging him.

I guess I should be disappointed in you PHX, you've been around here the whole time I have so should know how wrong breezy is. But somehow I'm not surprised at your response...not many easties let little things like facts get in their way these days...

Jim

 

[EastUS1]

I guess I should be disappointed in you PHX, you've been around here the whole time I have so should know how wrong breezy is. But somehow I'm not surprised at your response...not many easties let little things like facts get in their way these days...

Jim

Interesting your usage of "easties" as apparently a derogatory term. One wonders as to where you based your flying career from. Perhaps it was not spent as an "eastie" yourself, but rather, as is evidently the case with your retirement, somewhere else....Perhaps orbiting Uranus?

I ask of all my friends; should the day come that I'm retired and can find nothing better to do with life than chat boards...someone...as a matter of simple kindness...just please shoot me! 😉

 

[nic4us]

Wow, the reality of winding up with nothing is really setting in. Had a fed on the jumpseat the other day and told us the company is getting back the old AWA certificate, I wonder why. I'm pretty sure AMR does not want to get involved with this operation as it is now. Should be interesting!!!

Well that would be cool!!!

The AWA certificate and all the Airbus aircraft including the 330s going to Delta......see you reneging scumbags later!!!

Oh, and enjoy your early retirement. Too bad you spent the last 10 years on LOA 93 paying for the aquisitions and mergers that put you out of work.

 

[EastUS1]

mrbreeze, on 23 March 2012 - 11:21 PM, said:

Now you sit here and critisize you previous co-workers....real classy.

When I mentioned how the senior pilots in the East have stood by their friends and co-workers, funny, your name never crossed my mind

How little you really know, breezy. But as usual you don't let that stand in your way - just make it up as you go along...

If you weren't such a johnny-come-lately (otherwise called a newbie) to this site you'd know better...

Jim

"How little you really know, breezy." Really? What part of his following statements would you dispute? "Now you sit here and critisize you previous co-workers....real classy." or perhaps: "When I mentioned how the senior pilots in the East have stood by their friends and co-workers, funny, your name never crossed my mind"

 

[Phoenix]

Interesting your usage of "easties" as apparently a derogatory term. One wonders as to where you based your flying career from. Perhaps it was not spent as an "eastie" yourself, but rather, as is evidently the case with your retirement, somewhere else....Perhaps orbiting Uranus?

I ask of all my friends; should the day come that I'm retired and can find nothing better to do with life than chat boards...someone...as a matter of simple kindness...just please shoot me! 😉

He enjoys being the belligerent. He pretends to be oblivious to that fact because it makes him feel just a little bit more so.

 

[luvn737s]

If Hummel strays he will be recalled faster that you can say NIC.

The east couldn't mount a successful recall even if they wanted to (they only operate on fear, so they never will). Cleary based his entire Presidency on that fact.

 

[EastUS1]

He enjoys being the belligerent. He pretends to be oblivious to that fact because it makes him feel just a little bit more so.

Indeed. What most puzzles me is what the perceived "payoff" for such behavior could possibly be. Oh well....I suppose all seek some purpose in life, via such talents and abilities as one has...whether with any degree of success or not...well....

 

[Beancounter]

Your lack of understanding is pathetic......the percentages mean nothing in the earlier voting.
The East wanted 2 diff. guys within a few points. But once that was narrowed down to one the choice was clear.
You need to make up 1000 votes or convince 500 plus easties to CHANGE their votes. When it comes down to vote for
a NIC inclusive contract you are screwed. Do you think that a vote for Hummel was a vote away from DOH.
I never blamed a westie for this mess but if you read these messages close it is "clear" who is cracking under the strain.
and it ain't the east. If Hummel strays he will be recalled faster that you can say NIC.

Last thought....what do you think will happen if this gets back to the 9th. I'll bet someone say:
"Hey, didn't ewe tell them to get a contract and get back to us" Oh yea, I forgot they just said not ripe.
NICDOA
NPJB

Barrister,

I'm following along with what you're saying, I don't totally disagree. Do you realize though, that the company will not give you a contract that will make them liable to a ripe DFR? The company has one of the best legal teams out there, you will never see a contract with DOH on it offered, just like we will never see a contract with the Nic pass.

Bean

P.S. Well, maybe the Nic would pass if it were a Delta plus contract, but the chances of that are up there wthl sun expoding, hot places freezing over, etc.

 

[Move2CLT]

Hey dude. I didn't know that only 1200 or so out of the 1800 West pilots bothered to join the union. As far as facts go, I quoted LOA 93 and the Transition Agreement, even gave you the PAGE NUMBERS to back up my statement regarding the profit sharing. Now, who's got facts and who doesn't. I quoted the contracts...what did you quote? Whatever you pulled out of your ass..."boo boo".

LOL!!!!!

Driver...

So you're telling me the TA states that the east got the west profit sharing?!

You do understand that writing your own TA and passing it off as the real one doesn't count, right?

 

[BoeingBoy]

someone...as a matter of simple kindness...just please shoot me! 😉

I'm sure there'll be no shortage of volunteers...

Jim

 

[traderjake]

Now you sit here and critisize you previous co-workers....real classy.

We got it.

You don't want someone with no skin in the game pointing out your sleazy behavior.