aa73

According to my sources, new hire apps should start going out in January for June hiring.

Flamer

I can't imagine anyone in their right mind giving this up without the new contract signed. Leverage doesn't often make timely knocks on the door.

RI830

Who might this said "source" be? Very interesting!!

Full pull

Just saw a news story saying retirements are increasing at AA because of the stock price. How does the stock price work into your retirement at AA?

Mink

Guys considering retirement can lock in a stock price from something like 90 days ago. So, as the market has gone down the $hitter, they look back and lock in a price from when things were better. That's about all I know.

How on earth can AA open an app window in Jan for June newhires, when they can't find their a$$ with both hands right now regarding recall training, filling the vacancies left by all the retirees, ramping up training for all the new aircraft orders (yeah, right, that'll happen). The hole is pretty deep as it is - so stop digging.

APA has leverage, but they'll cower in the corner in the fetal position, sucking their thumb, when AMR says, "Give in, or it's BK for all of you." In the mean time, AA will continue to shrink to profitability. Same $#it, different day.

A decade of furlough as of today. Yeah, I'm bitter.

RI830

They are notoriuos for not knowing their arse from a hole in the ground, but they do know that they will run out of pilots by spring time and they salavate over the thought of 1st yr pay pilots on the property. It's on their mind.


AA can only shrink so far, they have shrunk to profitability to many time already. It has gotten to the point where they are gonna have to explore other options to make $$.
APA is know to fold like origami, but I think that they may actually play a little hard abll first and attempt to stand their ground. If you dont stand for something, you'll fall for anything.

I would be bitter too, what is your plan when you get the call?

johnso29

That would be awesome to see!

Pineapple Guy

Except, if this plays out at AMR just like it did at Delta (which I've already predicted it will), you can't train them fast enough, as the guys you are training just quit the following month. So, six months from now, they will be no closer to a solution than they are today, unless someone puts restrictions on those entering the training pipeline, and or finds a way to prevent mass waves from retiring...

You heard it hear first.

X Rated

It isn't necessarily the AMR stock price but the Net Asset Value of the Pilot's B Fund for retirement. When the market takes a dump, more than likely the NAV of the B fund does as well. That's when people decide whether to retire or not and have the 60/90 day look backs in focus.

Do you take the retirement based on the B plan's value 60/90 days ago or do you wait and potentially lose a lot of money. Some predict the value lost right now averages around $200,000 at today's NAV. That'd be working for free for at least a year or two.

aa73

They may not be able to find their own arse - agreed - but as it stands today, they are almost 700 pilots short and it's only gonna get worse when 50-100 leave on Nov 1 (the last of the big retirement dates.) Believe me - barring another 9/11 or some catastrophic event - this place is gonna be hiring like gangbusters in the next few years. And that's just based on retirements - doesn't take into account the huge training bubble that will accumulate from all the new aircraft deliveries.