Is American the Worst-Managed Airline in America?
Feb 6th, 2012, 04:00 AM
#1
Original Poster
Join Date: Jun 2003
Posts: 1,300
Likes: 0
Received 0 Likes
on
0 Posts
Is American the Worst-Managed Airline in America?
from TIME:
Members of the Transport Workers Union (TWU) were scheduled to vote on a new contract with American Airlines, or AA, this December that would have lowered the airline’s cost and outsourced hundreds of jobs that weren’t directly related to aircraft maintenance. They never got the chance because American instead filed for bankruptcy. On Wednesday AA announced it planned to outsource just about all of them — 4,600 mechanics jobs are going, along with 4,200 ground-service positions, 2,300 flight attendants and 400 pilots. About 15% of American’s work force is getting a one-way ticket to Termination, Texas — thank you for dying with us today. .................(more0
Read more: http://business.time.com/2012/02/06/...#ixzz1lbdbntgj
Members of the Transport Workers Union (TWU) were scheduled to vote on a new contract with American Airlines, or AA, this December that would have lowered the airline’s cost and outsourced hundreds of jobs that weren’t directly related to aircraft maintenance. They never got the chance because American instead filed for bankruptcy. On Wednesday AA announced it planned to outsource just about all of them — 4,600 mechanics jobs are going, along with 4,200 ground-service positions, 2,300 flight attendants and 400 pilots. About 15% of American’s work force is getting a one-way ticket to Termination, Texas — thank you for dying with us today. .................(more0
Read more: http://business.time.com/2012/02/06/...#ixzz1lbdbntgj
Feb 6th, 2012, 04:19 AM
#2
Join Date: Jun 2008
Posts: 12,268
Likes: 0
Received 0 Likes
on
0 Posts
AA.com is fine just finally had do do what DL has done also CO(twice), Pension medical costakilling profitability.Smart move is to re-organize into profitablity. They dump all unionised employees pension medical obligations on the taxpayer outsource cut back as many jobs as they can.Shaft all their old shareholders creditors. Issue new stock maybe a merger just like DL did recently back more profitable than ever.
What airlines do a common formula.
What airlines do a common formula.
Feb 6th, 2012, 01:54 PM
#5
Join Date: Jun 2008
Posts: 12,268
Likes: 0
Received 0 Likes
on
0 Posts
AA.com biggest problem was their fleet was super old and they did not hedge their fuel costs in addition to all the high
union expenses. Sad that all of this is now on the Tax Payer and AA.com gets to start over. But GM just did the same thing.
Quite unfair.
union expenses. Sad that all of this is now on the Tax Payer and AA.com gets to start over. But GM just did the same thing.
Quite unfair.
Thread
Original Poster
Forum
Replies
Last Post
maggie21083
Air Travel
11
Jun 3rd, 2009 11:26 PM
Dick
United States
17
Oct 20th, 2004 12:28 PM
