AA Pilots BOD turns down Last Best Offer from AMR!

[AMRCostUnit]

Board of Director vote was 11 against and 5 for. No details released as of yet. Going to be interesting between now and Friday. 11th Hour deal? Complete contract abrogation by the judge? FA's and Mech's face abrogation too. High stakes poker...

Unit

 

[redflyer65]

Three days to get a deal from three differenct groups? Not sure that's gonna work. 24/7 negotiation maybe.

 

[vixin]

Wow a BOD that can vote NO on something? I thought BOD's did nothing but approve it 19/0 and pass it to the membership.

 

[AMRCostUnit]

They/we have negotiated last week with another Federal Judge acting as mediator. No deals were struck. All three balls are in the judges court now. This has never happened where a consensual deal was not reached. On Friday, the judge could toss out all three contracts and let AMR implement the 1113 term sheet and risk an Eastern II style meltdown. Or the company could come in with a better offer. Or the judge could extend his ruling and force us back to the table.

There will be lots of action in the next couple of days. Company wants a deal because they need a contract in place to exit BK, financing etc. We have already had a vote of No Confidence in ToHo and his minions. We want the creditors committee to remove reorganization right from AMR to USAir. A stand alone AA will fail and destabilize the industry once again by dumping cheap seats with the Cornerstone (Tombstone) plan.

Unit

 

[redflyer65]

A stand alone AA will fail and destabilize the industry once again by dumping cheap seats with the Cornerstone (Tombstone) plan.

Unit

I think you nailed it with this one statement. Good luck AMRCost.

 

[Flyby1206]

We want the creditors committee to remove reorganization right from AMR to USAir. A stand alone AA will fail and destabilize the industry once again by dumping cheap seats with the Cornerstone (Tombstone) plan.

Unit

Youve been reading too many analyst reports, but dont worry... if AA wont add capacity then jetblue will.

AA/US merger would be GREAT for UAL and DAL, because it would seriously chop capacity from PHL/PHX and even CLT would suffer. That means more pricing power, but less mainline jobs and no growth. You thought the past decade at AA was stagnant, wait til you merge with US.

 

[IBNAV8R]

Remember, the mediators decision is never binding unless you like what he's done.

 

[jonjuan]

Wow a BOD that can vote NO on something? I thought BOD's did nothing but approve it 19/0 and pass it to the membership.

Didn't the AT mec sack up and vote something down?

 

[AMRCostUnit]

Yeah, I've be reading a lot of stuff. From the analysis it's logical that a AA/USAir merge has potential. The size of UCal and DAL marginalizes us independently, but figures can lie and liars figure. The devil is always in the details. We are facing a "bad or worse" decision on our side of the fence as AA stand alone plan is the "worse" choice for sure.

Management has been trying to sell us by broadcasting the AA stand alone will bring "20% growth" in AA flying. When pressed, they publicly admitted that only 7% of that growth is AA flying. The rest is going to code share with the loss of Scope. Why would we support that?

Unit

 

[vixin]

I was being sarcastic about SWAPA. Thats all our union does. Passes crap 19/0, sells it as "the best we can do", then when the vote doesnt look so good, they go with plan B and come back with just a little more.