Wow - We posted a First Quarter Profit

skyguy

Member
Dec 21, 2002
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1
US Airways Group, Inc. Reports First Quarter Profit
Highlights of the US Airways Group, Inc. (the Company)
First Quarter 2007 Results:

* The Company reported a first quarter 2007 net profit of $66 million,
or $0.70 per diluted share.

* Excluding special items, the Company reported a first quarter 2007
net profit of $34 million, or $0.37 per diluted share.

* The Company accrued approximately $4 million, or 10 percent of its
first quarter 2007 pretax income excluding special items, for its
annual employee profit sharing program.

* The Company had $3.3 billion in total cash and investments, of which
$2.5 billion was unrestricted, on March 31, 2007

TEMPE, Ariz., April 26 /PRNewswire-FirstCall/ -- US Airways Group, Inc. (NYSE: LCC) today reported its first quarter 2007 results. Net profit for the first quarter was $66 million, or $0.70 per diluted share, compared to a net profit before cumulative effect of change in accounting principle of $64 million, or $0.75 per diluted share for the same period last year. Excluding net credits from special items of $32 million, the Company reported a net profit of $34 million, or $0.37 per diluted share. This compares to a net profit, before cumulative effect of change in accounting principle of $5 million, or $0.05 per diluted share in the first quarter of 2006, which excludes net credits from special items of $59 million. See the accompanying notes in the Financial Tables section of this press release for a reconciliation of Generally Accepted Accounting Principles (GAAP) financial information to non-GAAP financial information.

(Logo: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO )

Chairman and CEO Doug Parker stated, "We are pleased to report a first quarter profit and an improvement in year-over-year earnings. This is particularly noteworthy given the first quarter was extremely difficult for us operationally. We were affected by two major storms that temporarily closed our Philadelphia hub and severely impacted our Northeast operations. Service disruptions also occurred during the quarter when we converted our two reservation systems to a single system.

"Our 36,000 employees are to be commended for their outstanding efforts, particularly our employees who work with customers at our airports and reservation call centers. Our team did a remarkable job of taking care of our customers during a challenging conversion. We still have work to do to ensure our people have the tools they need to provide the type of service our customers deserve and expect, but we are making great progress thanks to our hard-working team.

"Separately today, we announced a series of customer service initiatives designed to further improve our customer service. Bolstering our airport staffing, implementing improved kiosk technology at our airports and relaxing restrictions for our most loyal customers are just a few of the steps we are taking to build a better airline.

"Looking forward, the recent rise in fuel prices is once again having a material effect on our outlook. Our current estimate for 2007 fuel price results in an additional $300 million of expense versus our 2007 operating budget. Despite this significant cost increase, we continue to project a profitable second quarter and full-year 2007," concluded Parker.

Revenue and Cost Comparisons

Mainline passenger revenue per available seat mile (PRASM) was 10.27 cents, up 3.4 percent over the same period last year. Express PRASM was 17.66 cents, up 5.7 percent over the first quarter 2006. Total mainline and Express PRASM for US Airways Group was 11.43 cents, up 3.3 percent compared to the first quarter 2006.

Chief Financial Officer Derek Kerr stated, "Fuel continues to be our single largest operating expense. Our first quarter average mainline fuel price including taxes and realized losses on fuel hedging instruments (economic fuel price) was $2.01 per gallon, up 4.4 percent over the first quarter 2006."

Operating cost per available seat mile (CASM) at US Airways Group was 11.89 cents, up 3.9 percent versus the same period last year. Mainline CASM for the quarter was 10.76 cents, up 3.7 percent, on an increase in capacity of 1.8 percent versus the first quarter of 2006. Excluding fuel, unrealized and realized gains/losses on fuel hedging instruments, and merger related transition expenses, mainline CASM was 7.88 cents, up 2.0 percent from the same period last year. The increase is due primarily to the operational difficulties that occurred in the quarter.

Liquidity

As of March 31, 2007, the Company had $3.3 billion in total cash and investments, of which $2.5 billion was unrestricted. In April 2007, the Company's restricted cash requirements were reduced by approximately $200 million under an agreement with one of the Company's credit card processors.

In addition, during the quarter the Company refinanced $1.6 billion of existing secured and unsecured debt. The refinancing improves liquidity over the next seven years by reducing principal payments and lowers the Company's near-term interest expense. The new loan currently bears interest at LIBOR plus 2.5 percent and reduced the blended interest margin by over 100 basis points.

First Quarter Special Items

During its first quarter, the Company recognized $32 million of net credits from special items, which included a $90 million non-cash credit for unrealized net gains associated with the change in fair value of the Company's outstanding fuel hedge contracts, $39 million of merger-related transition expenses and an $18 million write off of debt issuance costs in connection with the refinancing of $1.25 billion of GE debt. In addition, the Company had $1 million of special non-cash expense in its income taxes for the quarter.

Integration Update

Operations

* Announced that the airline's new combined flight operations control
center will be located in Pittsburgh. The company plans to build a new
60,000 square foot center, which is scheduled to open in 2009. The
airline's 600 scheduling, planning and other operation critical
employees will be located at this new facility.

* Combined the airline's maintenance inventory computer systems for the
Boeing 767 and Airbus A330 fleets.

Marketing

* Migrated two reservations systems onto one platform (SHARES), which
provides a single system for reservation and airport customer service
agents. This enabled the Company to simplify ticketing processes,
remove redundant systems and provide a consistent product to its
customers. The Company continues to implement enhancements to the
SHARES product based on feedback from customers and frontline
employees.

* Continued fare reduction program lowering fares from Charlottesville,
Va., Harrisburg, Pa., and Huntsville, Ala. In all, the new US Airways
has lowered fares in approximately 1,100 markets since its merger in
September 2005.

Analyst Conference Call/Webcast Details
US Airways will conduct a live audio webcast of its earnings call today at 1 p.m. EDT, which will be available to the public on a listen-only basis at www.usairways.com under the About US > > Investor Relations tab. An archive of the call/webcast will be available in the Public/Investor Relations portion of the Web site through May 26, 2007.

The airline will also update its investor relations guidance on its Web site (www.usairways.com). Information that could be updated includes cost per available seat mile (CASM) excluding fuel and transition expenses, fuel prices and hedging positions, other revenues, estimated interest expense/income and merger related transition expense guidance. The investor relations update page also includes the airline's capacity, fleet plan for 2007 and estimated capital spending for 2007.

About US Airways

US Airways is the fifth largest domestic airline employing nearly 36,000 aviation professionals worldwide. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. The new US Airways -- the product of a merger between America West and US Airways in September 2005 -- is a member of the Star Alliance network, which offers our customers 16,000 daily flights to 855 destinations in 155 countries worldwide. This press release and additional information on US Airways can be found at www.usairways.com. (LCCF)

Forward Looking Statements

Certain of the statements contained herein should be considered "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "indicate," "anticipate," "believe," "forecast," "estimate," "plan," "guidance," "outlook," "could," "should," "continue" and similar terms used in connection with statements regarding the outlook of US Airways Group, Inc. (the "Company"). Such statements include, but are not limited to, statements about expected fuel costs, the revenue and pricing environment, the Company's expected financial performance and operations, future financing plans and needs, overall economic conditions and the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including future financial and operating results and the combined companies' plans, objectives, expectations and intentions. Other forward-looking statements that do not relate solely to historical facts include, without limitation, statements that discuss the possible future effects of current known trends or uncertainties or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to significant risks and uncertainties that could cause the Company's actual results and financial position to differ materially from the Company's expectations. Such risks and uncertainties include, but are not limited to, the following: the impact of high fuel costs, significant disruptions in the supply of aircraft fuel and further significant increases to fuel prices; our high level of fixed obligations and our ability to obtain and maintain financing for operations and other purposes; our ability to achieve the synergies anticipated as a result of the merger and to achieve those synergies in a timely manner; our ability to integrate the management, operations and labor groups of US Airways Group and America West Holdings; labor costs and relations with unionized employees generally and the impact and outcome of labor negotiations; the impact of global instability, including the current instability in the Middle East, the continuing impact of the military presence in Iraq and Afghanistan and the terrorist attacks of September 11, 2001 and the potential impact of future hostilities, terrorist attacks, infectious disease outbreaks or other global events that affect travel behavior; reliance on automated systems and the impact of any failure or disruption of these systems; the impact of future significant operating losses; changes in prevailing interest rates; our ability to obtain and maintain commercially reasonable terms with vendors and service providers and our reliance on those vendors and service providers; security-related and insurance costs; changes in government legislation and regulation; our ability to use pre-merger NOLs and certain other tax attributes; competitive practices in the industry, including significant fare restructuring activities, capacity reductions and in court or out of court restructuring by major airlines; continued existence of prepetition liabilities; interruptions or disruptions in service at one or more of our hub airports; weather conditions; our ability to obtain and maintain any necessary financing for operations and other purposes; our ability to maintain adequate liquidity; our ability to maintain contracts that are critical to our operations; our ability to operate pursuant to the terms of our financing facilities (particularly the financial covenants); our ability to attract and retain customers; the cyclical nature of the airline industry; our ability to attract and retain qualified personnel; economic conditions; and other risks and uncertainties listed from time to time in our reports to the Securities and Exchange Commission. There may be other factors not identified above of which the Company is not currently aware that may affect matters discussed in the forward-looking statements, and may also cause actual results to differ materially from those discussed. All forward-looking statements are based on information currently available to the Company. The Company assumes no obligation to publicly update or revise any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates. Additional factors that may affect the future results of the Company are set forth in the section entitled "Risk Factors" in the Company's Quarterly Report on Form 10-Q for the period ended March 31, 2007, which is available at www.usairways.com.

Financial Tables to Follow



US Airways Group, Inc.
Condensed Consolidated Statements of Operations
(in millions except share and per share amounts)
(unaudited)

3 Months Ended 3 Months Ended Percent
March 31, 2007 March 31, 2006 Change

Operating revenues:
Mainline passenger $1,906 $1,811 5.3
Express passenger 609 611 (0.3)
Cargo 37 37 --
Other 180 173 5.0
Total operating revenues 2,732 2,632 3.8

Operating expenses:
Aircraft fuel and related
taxes 550 555 (0.8)
Loss (gain) on fuel hedging
instruments, net:
Realized 36 (2) nm
Unrealized (90) (26) nm
Salaries and related costs 527 503 4.8
Express expenses:
Fuel 153 172 (10.8)
Other 467 443 5.2
Aircraft rent 180 185 (2.6)
Aircraft maintenance 165 138 20.0
Other rent and landing fees 128 140 (9.1)
Selling expenses 106 107 (1.0)
Special items, net 39 (44) nm
Depreciation and amortization 44 45 (2.6)
Other 311 291 7.7
Total operating expenses 2,616 2,507 4.4

Operating income 116 125 (7.4)

Nonoperating income (expenses):
Interest income 40 26 58.1
Interest expense, net (71) (75) (5.1)
Other, net (16) (12) 35.0
Nonoperating expenses, net (47) (61) (24.1)

Income before income taxes and
cumulative effect of change
in accounting principle 69 64 8.4

Income tax provision 3 -- nm

Income before cumulative effect
of change in accounting
principle 66 64 3.4

Cumulative effect of change
in accounting principle -- 1 nm

Net income $66 $65 1.8

Earnings per share before
cumulative effect of change
in accounting principle:
Basic $0.73 $0.79
Diluted $0.70 $0.75

Earnings per share:
Basic $0.73 $0.80
Diluted $0.70 $0.76

Shares used for computation
(in thousands):
Basic 91,363 81,679
Diluted 96,223 93,362



US Airways Group, Inc.
Operating Statistics

3 Months Ended 3 Months Ended Percent
March 31, 2007 March 31, 2006 Change

Mainline
Revenue passenger miles
(in millions) 14,418 13,956 3.3
Available seat miles (ASM)
(in millions) 18,556 18,230 1.8
Passenger load factor
(percent) 77.7 76.6 1.1 pts
Yield (cents) 13.22 12.97 1.9
Passenger revenue per
ASM (cents) 10.27 9.93 3.4

Passenger enplanements
(in thousands) 13,980 13,591 2.9
Aircraft (end of period) 356 367 (3.0)

Block Hours 334,957 327,579 2.3
Average stage length (miles) 912 901 1.2
Average passenger journey
(miles) 1,461 1,423 2.7
Fuel consumption
(gallons in millions) 291.9 287.5 1.5
Average fuel price
(dollars per gallon)
with related taxes 1.88 1.93 (2.3)
Average fuel price including
related taxes and realized
gains (losses) on fuel
hedging instruments,
net (dollars) 2.01 1.92 4.4
Full-time equivalent
employees (end of period) 34,385 32,083 7.2

Operating cost per ASM
(cents) 10.76 10.37 3.7
Operating cost per ASM
excluding special items
(cents) 11.03 10.76 2.6
Operating cost per ASM
excluding special items,
fuel and realized gains
(losses) on fuel hedging
instruments, net (cents) 7.88 7.72 2.0

Express*
Revenue passenger miles
(in millions) 2,383 2,431 (2.0)
Available seat miles
(in millions) 3,448 3,659 (5.8)
Passenger load factor
(percent) 69.1 66.4 2.7 pts
Passenger revenue per
ASM (cents) 17.66 16.71 5.7
Passenger enplanements
(in thousands) 5,955 5,908 0.8
Operating cost per ASM
(cents) 17.98 16.82 6.9

TOTAL - Mainline & Express
Revenue passenger miles
(in millions) 16,802 16,387 2.5
Available seat miles
(in millions) 22,004 21,889 0.5
Passenger load factor
(percent) 76.4 74.9 1.5 pts
Passenger revenue per ASM
(cents) 11.43 11.06 3.3
Total revenue per ASM
(cents) 12.42 12.02 3.3
Passenger enplanements
(in thousands) 19,935 19,499 2.2
Operating cost per ASM
(cents) 11.89 11.45 3.9


* Express includes US Airways Group's wholly owned regional airline
subsidiaries, Piedmont Airlines and PSA Airlines, US Airways'
MidAtlantic regional jet division, through May 27, 2006, as well as
operating and financial results from capacity purchase agreements with
Mesa Airlines, Chautauqua Airlines, Air Wisconsin Airlines and Republic
Airlines.



Reconciliation of GAAP Financial Information to Non-GAAP Financial
Information and Operating Cost per ASM Excluding Special Items,
Aircraft Fuel, Realized (Gains) Losses on Fuel Hedging Instruments,
Net - Mainline only

US Airways Group, Inc. (the "Company") is providing disclosure of the
reconciliation of reported non-GAAP financial measures to their comparable
financial measures on a GAAP basis. The Company believes that the
non-GAAP financial measures provide investors the ability to measure
financial performance excluding special items which is more indicative of
the Company's ongoing performance and is more comparable to measures
reported by other major airlines. The Company believes that the
presentation of mainline CASM excluding fuel and gains or losses on fuel
hedging instruments is useful to investors as both the cost and
availability of fuel are subject to many economic and political factors
beyond the Company's control.

3 Months Ended 3 Months Ended
March 31, 2007 March 31, 2006
(in millions, except share
and per share amounts)

Reconciliation of Income before
Cumulative Effect of Change in
Accounting Principle Excluding
Special Items for
US Airways Group, Inc.

Income before cumulative effect
of change in accounting principle
as reported $66 $64

Special items:
Unrealized gains on fuel hedging
instruments, net (1) (90) (26)
Non-cash tax provision from
utilization of pre-acquisition
NOL (2) 1 --
Special items, net (3) 39 (44)
Other special charges (4) 18 11

Income before cumulative effect of
change in accounting principle,
as adjusted for special items $34 $5

Shares used for computation
(in thousands):
Basic 91,363 81,679
Diluted (5) 93,173 83,542

Income per share before cumulative
effect of change in accounting
principle, as adjusted for
special items:
Basic $0.37 $0.06
Diluted $0.37 $0.05


3 Months Ended 3 Months Ended
March 31, 2007 March 31, 2006

Reconciliation of Operating Cost
per ASM Excluding Special Items,
Fuel, Realized Gains (Losses) on
Fuel Hedging Instruments,
Net - Mainline only

US Airways Group, Inc.
(in millions)

Total operating expenses $2,616 $2,507
Less Express expenses:
Fuel (153) (172)
Other (467) (443)
Total mainline operating expenses 1,996 1,892

Special items:
Unrealized gains on fuel hedging
instruments, net (1) 90 26
Special items, net (3) (39) 44
Mainline operating expenses,
excluding special items 2,047 1,962

Aircraft fuel (550) (555)
Realized gains (losses) on fuel
hedging instruments, net (36) 2
Mainline operating expenses,
excluding special items,
fuel and realized gains (losses)
on fuel hedging instruments, net $1,461 $1,409

(in cents)
Mainline operating expenses per ASM 10.76 10.37

Special items per ASM
Unrealized gains on fuel hedging
instruments, net (1) 0.49 0.14
Special items, net (3) (0.21) 0.24
Mainline operating expenses per ASM,
excluding special items 11.03 10.76

Aircraft fuel (2.96) (3.04)
Realized gains (losses) on fuel
hedging instruments, net (0.19) 0.01
Mainline operating expenses per ASM,
excluding special items, fuel and
realized gains (losses) on
fuel hedging instruments, net 7.88 7.72


Note: Amounts may not recalculate due to rounding.

FOOTNOTES:

1) The three months ended March 31, 2007 and 2006 include a $90 million
and $26 million unrealized gain, respectively, resulting from
mark-to-market accounting for changes in the fair value of the
Company's fuel hedging instruments.

2) For the three months ended March 31, 2007, the Company utilized
$1 million of NOL acquired from US Airways, the valuation allowance
associated with these acquired NOL was recognized as a reduction of
goodwill rather than a reduction in tax expense. As a result,
US Airways had a non-cash expense for income taxes of $1 million in the
three months ended March 31, 2007.

3) The 2007 first quarter includes $39 million of merger related
transition expenses. The 2006 first quarter includes a $90 million
gain associated with the return of equipment deposits upon forgiveness
of a loan, offset by $46 million of merger related transition expenses.

4) The 2007 first quarter includes $18 million write-off of debt issuance
costs in connection with the refinancing of the $1.25 billion GE debt.
The 2006 first quarter includes $6 million of prepayment penalties and
a $5 million write-off of debt issuance costs in connection with the
refinancing of the ATSB and GECC loans.

5) The 2007 diluted EPS computation excludes 3,050,148 incremental shares
from assumed conversion of the 7.0% senior convertible notes because of
the antidilutive effect on EPS. The 2006 diluted EPS computation
excludes 5,959,784 and 3,860,289 incremental shares from assumed
conversion of the 7.0% senior convertible notes and the 7.5%
convertible senior notes, respectively, because of the antidilutive
effect on EPS.



US Airways Group, Inc.
Condensed Consolidated Balance Sheets
(in millions)
(unaudited)

March 31, 2007 December 31, 2006
Assets

Current assets
Cash, cash equivalents and
short-term investments 2,526 2,365
Restricted cash 2 1
Accounts receivable, net 479 388
Materials and supplies, net 224 223
Prepaid expenses and other 477 377
Total current assets 3,708 3,354

Property and equipment
Flight equipment 2,103 2,051
Ground property and equipment 622 598
Less accumulated depreciation
and amortization (625) (583)
2,100 2,066
Equipment purchase deposits 53 48
Total property and equipment 2,153 2,114

Other assets
Goodwill 628 629
Other intangibles, net 548 554
Restricted cash 736 666
Other assets 222 259
Total other assets 2,134 2,108

Total assets $7,995 $7,576

Liabilities and Stockholders' Equity

Current liabilities
Current maturities of debt and
capital leases 100 95
Accounts payable 411 454
Air traffic liability 1,255 847
Accrued compensation and vacation 155 262
Accrued taxes 218 181
Other accrued expenses 922 873
Total current liabilities 3,061 2,712

Noncurrent liabilities and deferred
credits
Long-term debt and capital leases,
net of current maturities 2,901 2,907
Deferred gains and credits 201 205
Employment benefit liabilities
and other 783 782
Total noncurrent liabilities
and deferred credits 3,885 3,894

Stockholders' equity
Common stock 1 1
Additional paid-in capital 1,514 1,501
Accumulated deficit (456) (522)
Treasury stock (13) (13)
Other comprehensive income 3 3
Total stockholders' equity 1,049 970

Total liabilities and
stockholders' equity $7,995 $7,576



SOURCE US Airways Group, Inc.
-0- 04/26/2007
/CONTACT: Elise Eberwein of US Airways Group, Inc., +1-480-693-5574, or
US Airways Media Relations, +1-480-693-5729/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050223/LAW097LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, [email protected]/
/Web site: http://www.usairways.com /
(LCC)

CO: US Airways Group, Inc.
ST: Arizona
IN: AIR TRA LEI
SU: ERN CCA

LP
-- LATH025 --
5743 04/26/2007 08:00 EDT http://www.prnewswire.com
 
I think we need to keep everythig in perspective. Customer Service employees, FA's, Pilots all deserve a fair contract. As you read all of the news of this industry, fuel prices are still unstable, world events can dictate what happens with fuel prices, competition in the transatlantic market will continue to increase, Southwest will continue to expand in Philly and add service to Mexico. These are all great reasons to stay competitive and as employees understand the need to keep costs controlled. This doen't mean pay at poverty level, but it does mean to think reasonably about where we are and where we don't want to be again!
 
With as much as we gave away to other airlines and wrote checks to SW. This had to total in the tens of millions of dollars. During th 1st 2-3 weeks of shares BWI was writing checks for $20,000.00 per day to Southwest, I'm sure they were not alone , especially in stations where there were HP managers, who regularly use Southwest rather than 120ing them.I have to believe that Shares cut into the profit by at least 10 million. Smart move Dougie and Travis and for what , a second rate garbage system. What they did was to trade the Cadillac for a Yugo on the hopes that someday someone would develop a super car, Now we are stuck with the Yugo . All they are doing is to pimp the Yugo.
 
Good news, predictably met with derision by the angry mob.

I swear, some will never, ever be happy.

Profits are good, it means that people get to keep their jobs.


Good job US! :up:
 
Good news, predictably met with derision by the angry mob.

I swear, some will never, ever be happy.

Profits are good, it means that people get to keep their jobs.
Good job US! :up:

Betcha that 66mil could have been double if they would just treat the employees better.

Sure would be easy to save at least 40 million in fuel savings if management would show some respect.
 
Just think if we would have pulled all our advertising. We'd have posted a loss. Thank god for all that dough rolling in from those incredible joint ventures. :lol: Our profit will be triple at the end of the next quarter with all that money saved from trash bags and pies. ;)
 
There seems to be two camps:
The ones who see the glass half full and the others who see it half empty.
Earning a profit is good news. To earn a profit bodes well for us to recoupe our loses from the past two BKs(and what ever HP subjected their people to).
If we can make this kind of money w/ all the seeming disaster?s that occumpanied this winter season I can't wait until summer.
It actually feels abit good to work for a company that makes money for a change.
The past managements, whether they were trying to build a national carrier out of several regionals or putting lipstick on a sow never managed to make this thing work. We as labor had some hubris during these times as well as those wearing the suits.
Hopefully come Xmas I won't be wondering what kind of profession I'll be looking for the coming year.
What a good feeling
 
To earn a profit bodes well for us to recoupe our loses from the past two BKs(and what ever HP subjected their people to).

This profit was partly achieved by keeping workgroups on seperate payscales. This profit enables our management to continue putting the screws to its workers. You see, they figure that if they made a profit then the status quo is just fine and dandy.
 
Not to quibble? but after being through 2 BKs and numerous years of NOT making any money I know where that road leads to. I'm all for getting my "stuff" back but this should be good news considering all the adversity that we went through this 1stQ. Can this not be the basis for an argument to get my "stuff" back? Having lost money for years and hearing the platitudes("Highest pay to the last day!") I don't see the animosity for making a profit. It is up to our unions to get our "stuff" back. Thats why we have them(assuming they are not recalling, padding their pay, surfing the internet for porn, trying to reestablish a PIT hub,etc.I'm kidding.).
More specifically you are right that not having a common payscale and contracts is a free pass for the company. I agree with you
 
Not to quibble? but after being through 2 BKs and numerous years of NOT making any money I know where that road leads to. I'm all for getting my "stuff" back but this should be good news considering all the adversity that we went through this 1stQ. Can this not be the basis for an argument to get my "stuff" back? Having lost money for years and hearing the platitudes("Highest pay to the last day!") I don't see the animosity for making a profit. It is up to our unions to get our "stuff" back. Thats why we have them(assuming they are not recalling, padding their pay, surfing the internet for porn, trying to reestablish a PIT hub,etc.I'm kidding.).
I agree with you.
No one is arguing that a profit, especially with our current operational "performance," is a bad thing. No one is arguing that product enhancements and more staff is a bad thing. No negativity on that front at all.

I am simply saying don't lose sight of one of the many important issues: A livable wage for our employees. We deserve marked improvements in our current concessionary working agreements, which has been amended downward, 3 times, since 9/11. Don't confuse negativity with reality.

And, FWIW, union leadership cannot simply do it on their own. When we are called on to be visible, let's think about showing up, even if you have to commute in a day early....

Pass the word.
 
As long as we keep shares we will be an embarrassment to the industry. Our profit would have been considerably higher had we had the foresight to keep Sabre rather than switch to sh+++y shares.We have ticked of passengers due to shares problems for 9 weeks and it is not improving. Save our company Dump Shares Now!!!!!!!!!!!!!!!!! Stop dumping money and resources down the Shares Rathole , it can not be fixed to meet our needs