Will NWA and the Mechs agree?

[WillowRunVortex]

People, read the annual reports and the financials of NWA. Employee concessions will not do anything to make the airline profitable. Management knows this too. They provide the numbers.

So what is the point of all this posturing? Lets just go BK now. Why is NWA ALPA trying to act like it "hasnt decided what were gonna do yet"? If what you are saying is true, (and it makes a certain amount of sense). NWA ALPA must certainly have done the math on this right? And yet they are acting like NWA might have a chance to stay out of BK. Is this possible? If the mechanics walk NWA is going BK. Why take the ALPA position that it has?

 

[Dodge]

So what is the point of all this posturing? Lets just go BK now.

Honestly, I don't believe there is a point to it. However, BK is a tough pill to swallow for the stockholders. Having shares that were at $11 a year ago to $4 yesterday with the outlook of $.10/share tomorrow is not a pretty picture for the suits at NWA. (They own a lot of shares) This is one of the toughest spots I have ever seen an employee group/employer in.

 

[arthompson]

dondk: uncle sam always takes the extra, but I promise you we all appreciate you doing the flying.

 

[castle bravo]

However, BK is a tough pill to swallow for the stockholders. Having shares that were at $11 a year ago to $4 yesterday with the outlook of $.10/share tomorrow is not a pretty picture for the suits at NWA. (They own a lot of shares)



Actually, insiders have dumped 6,300,000 shares during the last 6 months.

 

[Diesel-9]

IN July over 6 million shares purchased by outside investors. Aig 10th another 5.7 million shares purchased Philip B. Korsant and Ziff Asset Management LP and general partner PBK Holdings Inc. Think a strike of 24-48 hours is likely with operations continuing as normal. Fall schedule starts on the 20th with a 17% reduction from the summer schedule. As part of R. Andersons 10 year plan the company is on track to get its cost in line to compete on any level. Predict other unions will be aboard by the end of the year and NWA in a good position next year. NWAC will continue to be upgraded as it was this week. Bankruptcy very unlikely and not a part of any business plan next year. "Bagdad Bob" has been effective in getting everyone to beleive in all the doom and gloom. p.s. I am sober!

 

[Workin'Stiff]

IN July over 6 million shares purchased by outside investors. Aig 10th another 5.7 million shares purchased Philip B. Korsant and Ziff Asset Management LP and general partner PBK Holdings Inc. Think a strike of 24-48 hours is likely with operations continuing as normal. Fall schedule starts on the 20th with a 17% reduction from the summer schedule. As part of R. Andersons 10 year plan the company is on track to get its cost in line to compete on any level. Predict other unions will be aboard by the end of the year and NWA in a good position next year. NWAC will continue to be upgraded as it was this week. Bankruptcy very unlikely and not a part of any business plan next year. "Bagdad Bob" has been effective in getting everyone to beleive in all the doom and gloom. p.s. I am sober!

Lets all hope this is the outcome...

 

[Dufus1]

NW will use the mechanics as their reason why they couldn't stay out of BK. Can't take the blame themselves. They want it for a couple reasons...
October 17th and get rid of scope w/ NWA ALPA (aka NEWCO)

 

[Diesel-9]

October 18th worry should be how much NWAC to buy.

 

[mynameisjim]

I think the company's plan is arrogant and optimistic. Not that I'm involved in it at all though...


It will all be clear soon enough

 

[Donsa320]

However, BK is a tough pill to swallow for the stockholders. Having shares that were at $11 a year ago to $4 yesterday with the outlook of $.10/share tomorrow is not a pretty picture for the suits at NWA. (They own a lot of shares)



Actually, insiders have dumped 6,300,000 shares during the last 6 months.

And of course someone has bought 6,300,000 shares during those 6 months, no?

~DC

 

[castle bravo]

And of course someone has bought 6,300,000 shares during those 6 months, no?



Yes, but it does not appear to be Checchi or Wilson. You could probably add Steenland, Haan, Griffin and Malek to the list as well.

 

[Donsa320]

And of course someone has bought 6,300,000 shares during those 6 months, no?



Yes, but it does not appear to be Checchi or Wilson. You could probably add Steenland, Haan, Griffin and Malek to the list as well.

Yeah, but I did not mean to imply that insiders bought the stock, just that somebody did....assuming they will make a gain someday, I would presume. I guess I just like to look at the bright side of things. <grin>

~DC

 

[islandhopper]

What is the word about the other organized labor groups at NWA? Will they honor the mechanics picket lines? We got a few hours left before the ball drops I guess.

 

[Donsa320]

What is the word about the other organized labor groups at NWA? Will they honor the mechanics picket lines? We got a few hours left before the ball drops I guess.

If that was for me....I dunno, I'm a NWA retired but knowing NWA, I'd put my money on them. I think the mechs are toast in this one. Just my opinion. You know that $55,000 a year cleaners get about as much sympathy as $200,000 a year pilots when it comes to labor disputes. <grin>

~DC

 

[Irish Pilot]

CNN has a time ticker on right now for the strike deadline....interesting...

 

[ironwedge]

There doesn't seem to be a lot of love from IAM

What is the word about the other organized labor groups at NWA? Will they honor the mechanics picket lines? We got a few hours left before the ball drops I guess.

AMFA could use all the support they can get from IAM, I wonder if this is NWA propaganda or if it's real?

http://forums.airlinepilotcentral.com/showpost.php?p=3116&postcount=4

 

[FN FAL]

CNN has a time ticker on right now for the strike deadline....interesting...

I don't remember if it was fox or cnn, but they just had two analysts on and one was saying NWA has a ton of furloughed mechanics just waiting to cross the picket lines from the other majors. I don't know if that's true or not, it's just what the guy said.

They also said that NWA could outsource the mx off shore. I don't know how well that would work out.

 

[Yank McCobb]

Without comment as to the merit or malice of it...I am certain that NWA has a plan that they believe will work. I do not envision them moving from their stance against the AMFA.

 

[NuGuy]

Heyas,

One thing is for sure, given the copy cat nature of this industry, is that if NWA does pull off operating without the mechanics, every other employee group at every other airline will feel the pain.

It will make what happened in SEA with the ALK ground staff look like a walk in the park.

Nu

 

[WillowRunVortex]

Heyas,

One thing is for sure, given the copy cat nature of this industry, is that if NWA does pull off operating without the mechanics, every other employee group at every other airline will feel the pain.

It will make what happened in SEA with the ALK ground staff look like a walk in the park.

Nu

Why are you and I the only ones on this board with common sense? Everyone else on this board is like "those poor mechanic bastards". Guess what people, insert your groups name in that sentence next time.

I just heard that the PFAA leaked that they are leaning toward a sympathy strike. Wouldnt that throw a monkey wrench in the works.