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Ata

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Is this good news.....or bad news? From a poolie standpoint..I want to work for ata......but dont want to screw myself later.
 
Dart asked: "Is this good news.....or bad news?"

Probably good news. This TA was thought to be one of the lynchpins for getting the 100 seat jets. So if I understand things correctly, some time in the near future there should be an announcement as to a 100 seat jet, and then the hiring that would have to go with that to staff it. IMHO, that is.
 
Good News!! Things are looking up..Thanks to all for the info...Hopefully see ya all on line..
 
Hum...

ALPA Crewmembers at ATA Airlines Ratify Assistance Measures
Wednesday June 30, 6:04 pm ET

INDIANAPOLIS, June 30 /PRNewswire-FirstCall/ -- ATA (ATA Airlines, Inc., Nasdaq: ATAH) is pleased to announce that its cockpit crewmembers represented by the Air Line Pilots Association (ALPA) have ratified Letters of Agreement which amend the existing collective bargaining agreement. The amendments, which become effective July 1, 2004, will save the company approximately $70 million over the next three years.(Logo: http://www.newscom.com/cgi-bin/prnh/20030929/ATAHLOGO-a ) "We are extremely proud of our strong relationship between our employee labor unions and management," said George Mikelsons, ATA Chairman and CEO.

"ATA is very pleased with the outcome of this negotiation and, in particular, with the speed in which the negotiation was completed. Several other carriers have been in concessionary discussions for months, if not years, and have yet to obtain an agreement. Our whole process was completed in 75 days, which speaks to the tremendous commitment our cockpit crewmembers share with all ATA employees."

A new contract amendable date extends the terms of the cockpit crewmembers' current agreement by one year, to 2007. In addition, the amendment includes a new competitive pay scale for a proposed 110-seat aircraft the company is contemplating acquiring in the next 12 months.

Now celebrating its 31st year of operation, ATA Holdings Corp., parent company of ATA Airlines, is the nation's 10th largest passenger carrier (based on revenue passenger miles) and one of the largest low fare carriers in the nation. ATA has the youngest, most fuel-efficient fleet among the major scheduled carriers, featuring the new Boeing 737-800 and 757-300 aircraft. The airline operates significant scheduled service from Chicago-Midway, Hawaii, Indianapolis, New York and San Francisco to over 40 business and vacation destinations. Stock of the parent company is traded on the Nasdaq Stock Exchange under the symbol "ATAH." To learn more about the company, visit the web site at http://www.ata.com .

Founded in 1931, ALPA is the world's largest pilot union, representing 64,000 pilots at 42 airlines in the United States and Canada. Visit the ALPA web site at http://www.alpa.org .


I thought this "deal" was only worth 42.5 million.


Buhler?
 

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