Ata

[Capt. Kramer]

Where did you hear this from?

 

[Capt. Kramer]

Never mind, I called the MEC hotline and it just came out an hour and fifteen minutes ago. There was a vote last night and it was 6-7 against and 1 that was not present.

 

[HarleyGuy]

Big Hint

So the TA doesn't even make it to the pilots for consideration. I'd say that's a big hint at the nature of these goings-on, unless you think the LEC guys hate themselves and us. It wasn't even a split decision- only one guy said yes. That tells me that this TA was not in our best interests, and I support them (which is easy since I don't have a vote anyway). But I gotta get on board with the 'Simmer down' advice. 'Let us see where this goes...'

HG

ps- The guys I fly with all sounded very unlikely to vote for it, anyway. And they'll all be proved right if we're still wearing ATA hats in a couple years.

 

[storminpilot]

You guys have bigger issues than B717 pay rates

http://biz.yahoo.com/prnews/040614/dem032_1.html


Press ReleaseSource: ATA Holdings Corp.


ATA Holdings Corp. Announces it Expects a Loss in Second Quarter
Monday June 14, 6:32 pm ET

INDIANAPOLIS, June 14 /PRNewswire-FirstCall/ -- ATA Holdings Corp., parent company of ATA Airlines, Inc. (Nasdaq: ATAH - News), today announced that it expects to report a loss in the second quarter. The Company had projected a profit for the second quarter in its first quarter earnings call. However, in May, demand for military charter flights was sharply lower than forecast. In addition, the Company has not been successful in increasing revenue from its scheduled service business sufficiently to offset higher than expected fuel prices. <LI>(Logo: http://www.newscom.com/cgi-bin/prnh/20030929/ATAHLOGO-b )

Now celebrating its 31st year of operation, ATA is the nation's 10th largest passenger carrier (based on revenue passenger miles) and one of the nation's largest low-fare carriers. ATA has the youngest, most fuel-efficient fleet among the major carriers, featuring 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 Company's parent Company, ATA Holdings Corp. is traded on Nasdaq Stock Exchange under the symbol "ATAH." For more information about the Company, visit the web site at http://www.ata.com .

Caution Concerning Forward-Looking Statements: This communication contains certain "forward-looking statements." These statements are based on ATA Holdings Corp.'s management's current expectations and are naturally subject to uncertainty and changes in circumstances. Except to the extent required under the federal securities laws, ATA Holdings Corp. is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.




Source: ATA Holdings Corp.

 

[ATA73Pilot]

Very interesting that this announcement should come a day after the recent "No Vote" by the MEC on the concession package.

 

[UM#1]

It's funny you say that as I was thinking the same thing. I've paid attention to every press release (they auto email to me) from ATA in the last 2 years, especially the ones regarding financials. ATA mgt has never released a forward-looking statement regarding quarter results before the end of the quarter, never. In fact many quarters they have taken as long as a month or longer after the end of the quarter to even post results or hold the live conference call. So this Press release makes me wonder, 2 weeks before quarter ends and on the day after the MEC voted down the TA. Funny, Funny Stuff.

This Press release also makes my decision of "No" even easier. 1st why should I give up pay, (while management doesn't) to a management group that just seem to can't make money because of their bad decisions (like the trans con disaster, can't make money with one of the lowest casms, etc, etc). Second, they are basically saying that the military charter is the only thing making money (which is true), not the scheduled service, but yet they will not D check the L1011's saying it cost to much (which is a whole other story in itself as some people in Indy make up lies because they just want the plane to go away regardless if it makes money quarter over quarter). I'm proud of the MEC coming together quickly and voting it down. I hear that the main reason was that the 737 pay rates didn't jump back in 07'. I can tell you that there were some disappointed people at the hanger in Indy on Monday morning, I wish I could of seen their faces when they found out the MEC voted it down.... let the games begin and my July 1 raise come as it should.....

 

[vetteracer]

Hello all, I was wondering if ATA is accepting applications. I studied there web site and no pilot positions were listed. I extrapolated that they are not accepting apps.


What are the mins for ATA, if and when they decide to hire agian.

Thanks in advance.

Mark

 

[Anaconda]

Hello all, I was wondering if ATA is accepting applications. I studied there web site and no pilot positions were listed. I extrapolated that they are not accepting apps.


What are the mins for ATA, if and when they decide to hire agian.

Thanks in advance.

Mark

the content of this thread actually has you considering sending in an app?

 

[vetteracer]

No, it was actually more out of curiosity and comparison.

Mark

 

[tzpilot]

Actually, I think the TA was voted down by the 7 LEC members present, the 8th LEC rep did not (or could not) attend the confrence call.

Either way you look at it, it must have been a pretty bad deal for such a decisive vote from the MEC. I'm interested to see what will happen next.

 

[tz800ca]

You are correct.....

The vote was 6-1 not 7-1.

Any idea (initials fine) who did not participate?

 

[jetguy]

Just heard today from a reliable source that the 717 deal fell through due ATA's inability to secure financing.

 

[jettypeguy]

Just heard today from a reliable source that the 717 deal fell through due ATA's inability to secure financing.

Not true, Boeing and GE Capitol have a great controlling interest in ATA after the bond restructing. Boeing gave ATA a tentative date of July 1st to decide or for them to decide together I guess, as ATA talks with Embraer and Airbus. The pilot pay freeze was not a complete determining factor on the whole package as they could get the planes without it, including Boeing still giving a nice rebate (like 2mil or so), although it would help lower interest rates with the amount they would have gotten from the pilots. This is gonna be the most interesting week as time is running out and the union meets after voting down the TA. Should be real interesting to see how this plays out, especially if the company still gets the planes without our help.....

 

[sayagain?]

If I only had a dollar for every time someone used the phrase, " reliable source".

sayagain?

 

[Propsync]

Not to change where all of these posts are going, but why would ATA want another type on property? Can't you still get a 737-600 with a seating of 110? What savings would there really be into bringing in another type? Everyone was saying 'Oh yeah, 717 is a done deal'. I hope the 717 wasn't the bait for growth/concessions. It seems ATA lacks serious direction at a time they need it most.

 

[Ty Webb]

Just heard today from a reliable source that the 717 deal fell through due ATA's inability to secure financing.

I find that hard to believe. AirTran was in terrible financial condition when they signed their 717 deal with Boeing.

Thankfully, we turned it around, and I expect ATA will, too.

 

[FlyChicaga]

All this up, down, and around at this company is going to drive me to the bottle!

 

[tz800ca]

Not to change where all of these posts are going, but why would ATA want another type on property? Can't you still get a 737-600 with a seating of 110? What savings would there really be into bringing in another type? Everyone was saying 'Oh yeah, 717 is a done deal'. I hope the 717 wasn't the bait for growth/concessions. It seems ATA lacks serious direction at a time they need it most.

BINGO!

 

[lowecur]

Personally, I can't see the 717 saving ATA. I think Boeing realizes that the health of AMR, UAL, and DL are more important to it's future than ATA. Tough decisions are just ahead.

 

[tzpilot]

Snafu

Business as usual here, Ready, Fire, Aim!

I'm glad the MEC rejected this TA, from what I have heard (only hearsay) it was pretty awful. The junior 73 folks were going to take the greatest hit (again, only hearsay). I have no problem in helping the company out if I thought they really needed it, but I find it hard to support when management is not willing to share in the pain with us. It's just another case of, do as I say, not as I do management.

As Mr. Black so eloquently put it, This fu*king ship is rudderless!

 

[jetguy]

The 717 deal was hinged upon secured financing. Airtran had a bunch of paid for DC-9's to borrow against.

How many of it's Aircraft does ATA own outright?

 

[njcapt]

All this up, down, and around at this company is going to drive me to the bottle!

Why wait?

 

[NipseyRussell]

Memo to ATA Mngt (ie. George):

Your current management team is attempting (& failing) to operate well beyond their educational & creative limits.

 

[mach zero]

Not to change where all of these posts are going, but why would ATA want another type on property? Can't you still get a 737-600 with a seating of 110? What savings would there really be into bringing in another type? Everyone was saying 'Oh yeah, 717 is a done deal'. I hope the 717 wasn't the bait for growth/concessions. It seems ATA lacks serious direction at a time they need it most.

The 737 line is tied up with orders. ATA probably could not #1 get the -600's for awhile and #2 not get a good deal on the price. The 600 would make sense but I think this 717 deal is so good, it will justify the new fleet type.

 

[mach zero]

Personally, I can't see the 717 saving ATA. I think Boeing realizes that the health of AMR, UAL, and DL are more important to it's future than ATA. Tough decisions are just ahead.

Of course any ATA thread would not be complete without a ch7 prediction from the all-knowing lowecur.

 

[tz800ca]

This Just In......again

[font=&quot]Remember that awful TA the MEC voted down a couple of days ago? Well, apparently there was some good ole fashion ALPA arm-twisting at the MEC meeting today and now the TA is going out to vote by membership. This way, it this horrible agreement passes, they can blame US!

I have been told the only two things that has changed is the formula used to calculate how the profit sharing is divided so it is more fair to the 737 drivers and the company has to commit to the 717 within a year. With that said the other flaws still exist:

1. 737 Drivers take the largest monetary hit throughout the agreement, including a PAY CUT at the end of the pay freeze and the 757 drivers get a raise. Guess which plane the negotiating committee chairmen flys.
2. The profit sharing (and I use the term loosely) has too many conditions that have to be met to realize any repayment. I was also told that ATA has only met the conditions in this agreement TWICE in its history.
3. The contract improvements are unenforceable due to the fact the language is too vague.
4. Management is not required to participate in the sacrifice.

JUST VOTE NO![/font]

 

[tzskipper]

You gotta love it...

"I have been told...."

If you have not read the entire agreement, you have no business putting this crap out.

Also, to your perception of "arm twisting" by ALPA is pure B.S.

Your posts are embarassing.

 

[tz800ca]

This Just In......again

For those of you that do not like to read long posts:

SAME TURD, DIFFERENT WRAPPER.

http://www.turdtwister.com/index.php

 

[tz800ca]

You gotta love it...

"I have been told...."

If you have not read the entire agreement, you have no business putting this crap out.

Also, to your perception of "arm twisting" by ALPA is pure B.S.

Your posts are embarassing.

HAVE YOU TALKED TO YOUR LEC REP TODAY? I HAVE.

SORRY, BUT THE TRUTH HURTS SOMETIMES.

READ THE REST OF MY POSTS, THEY HAVE BEEN SPOT ON.

HOW WOULD YOU EXPLAIN THE SUDDEN CHANGE OF HEART WITH THE MEC WITH SO FEW CHANGES IN THE AGREEMENT? I AM ALL EARS......

 

[tzskipper]

"HOW WOULD YOU EXPLAIN THE SUDDEN CHANGE OF HEART WITH THE MEC WITH SO FEW CHANGES IN THE AGREEMENT? I AM ALL EARS......"

The original agreement was originally voted down by the MEC over concerns about just a few items. The company agreed with the MEC's request for language amending the original TA, so the MEC did not need to much additional time to unanimiously ratify the "new" agreement.