Ominous news for AA

[Swass]

This certainly doesn't look good. I had a feeling that they would go Ch 11 no matter what concessions were made by the unions. A screwed up business plan to start with.


http://www.msnbc.com/news/900475.asp?0cv=CB10

 

[TWA Dude]

Word from an F/A is that voting will be extended another day and previous voters can change their votes. FYI both the APA and TWU already allowed votes to be changed up to the deadline.

Too little too late?

 

[Ty Webb]

Apparently, AA waited to file their quarterly info until the vote was in, so the employee groups wouldn't find out about how the executives had protected their OWN butts in the event of a BK filing:

http://biz.yahoo.com/djus/030417/0041000020_1.html

What a lousy thing to do. No wonder AA employees hate management!

Here's a link to the concessionary numbers, layoffs, etc. Sorry to hear about it guys.


http://biz.yahoo.com/ap/030417/american_labor_glance_1.html

 

[Swass]

I can't believe how underhanded that is. I feel for you guys that have to work for those sneaky little turds. Good luck, I hope everything works out for you guys (and gals).