Lear70
JAFFO
- Joined
- Oct 17, 2003
- Posts
- 7,487
SOMEONE (32LT10) owes me a C-note. I think I said about 2 or 3 weeks ago that NWA would start posting record profits. You can only hide the money so many ways for so long...jetflier said:On August 10, the June Monthly Operating Statement was released, but I didn�t access it until this past weekend. A combination of record loads, lowered costs, increased ticket prices, and only $35 million in mostly paper loss reorganization expenses, resulted in a net profit for the month of $98 million. I am not talking operational profit here, which was $170 million; I am talking a monthly net profit of $98 million.
POW! Right in the kisser!Nine months after declaring bankruptcy, NWA, operating with fuel costs of $2.10 a gallon for the quarter, shows a large monthly profit that cannot be explained away by any apologists in the TA YES vote camp. Remember that this monthly net profit was achieved without any of the employee TAs being implemented. The full effect of all employee group TAs will not show up on the bottom line until October at the earliest.
Guess you didn't really need those concessions after all, did you, boys?
Years? How about decades, bubba... Final line in the sand? Please, after the caving that just went on, I will never, ever expect anything more out of that pilot group again. Spineless. Pure and simple.So the question is; where are we today? I agree with the sentiments of the new MEC Chairman and those in the membership who say that we have to look beyond what has recently transpired and try to figure out a way to shift out of reverse and at least put this vehicle in first gear. The damage that has been done will linger for many years, but I think that we can at least mitigate it somewhat by drawing a final line in the sand and defending it vigorously.
That list of items he goes on and on about has one major problem: THE COMPANY DOESN'T NEED ANYTHING ELSE FROM YOU. YOU HAVE NO BARGAINING POWER LEFT UNTIL THE NEXT NEGOTIATING SESSION which is, by the way, probably a decade or so away from getting anything tangible accomplished.As I see it, we have a choice, we can sit around and complain endlessly about an absolutely terrible contract, or we can start to do something about it.
You guys and gals who voted NO should drag all the Yes voters out behind the Macnamara terminal and beat the tee-total sh*t out of them with the quarterlies every time they come out.
Disgusting, but no surprise.