B.S. on the recall rights, last contract (ass pounding) they got indefinite recall rights. Now the pansies at APA may eventually sell the TWA (and furloughed AA hires) bretheren down the road, but for now, its unlimited.
I'm expecting a recall class in early March, as now they are giving away...
I'm sitting on the sidelines, chomping at the bit to get back. I've been furloughed now for 7 years, but would gladly give my left (fill in the blank) to sit another 7 just to see someone, anyone, get a decent contract (preferably AA of course.) The APA better not drop the ball on this one...
Let's see if the APA can bring this industry back from the dead, and get all the good folks a nice raise with some QOL thrown in. After that, we should consider a dance partner...but only after ALL the furloughees are back.
Look at Boeing for motivation during contract negos. It may sting...
I was listening to the AMR conference call and they mentioned their Q4 fuel hedge was at $109/brl with a floor of $80/brl. They won't be paying a penalty for the price drop below the floor. What excatly does this mean? Are the hedges null and void?
They are only 20% hedges through 2009 I...
Has AMR hedged up there also?
I know CAL and UAL did, but AMR could be the wild card in all of this. If they didn't hedge yet, it could become quite a windfall for them in '09.
My guess, January 2009 and deferral rate of 66%.
Classes will start off small, but most likely increase to 40/mo for the next year or so. My understanding is that the reserves are being spent every day!
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