Delta and TPG look To put bid on AMR Corp
01-14-2012, 09:03 AM
#171
Banned
Joined APC: Sep 2007
Posts: 1,480
DAL/AA would be too big a Borg and would have trouble getting by the DoJ.
01-14-2012, 09:21 AM
#172
Line Holder
Joined APC: Apr 2005
Posts: 60
The creditors with a say in the matter are the secured creditors. The employee unions are part of the unsecured creditors and as such have quite a bit less influence in these matters. The Delta hostile Takeover was only defeated by one vote form what I understand and this environment is very different than then.
The unsecured creditors are dependent on a successful outcome of the reorganization to recoup their claims. The consensus definition of a successful outcome will be a sausage making process among an eclectic group of committee members, but I believe there will be a bias towards independence based on the makeup of the total committee and their respective interests. Additionally, AMR has ~ $4.9B in cash and another $2.5B of unencumbered assets, so they are in a position to exert as much control of their own destiny as the process allows.
At this point, there's no right or wrong answers as there are so many moving parts in this process that have to play out, and no one has control of external world events that may influence the process.
01-14-2012, 09:30 AM
#173
Gets Weekends Off
Joined APC: Jul 2006
Position: Boeing Hearing and Ergonomics Lab Rat, Night Shift
Posts: 1,724
Who owns the landing slots in at LAX, is it DAL or ALK?
I'm guessing that AS probably owns a significant amount, otherwise we probably wouldn't be codesharing with them as much as we do. So your point is that AS is overvalued as a company now because of the their significant feed provided to competing mainline companies (a.k.a. DAL competing with AMR)?
I'm guessing that AS probably owns a significant amount, otherwise we probably wouldn't be codesharing with them as much as we do. So your point is that AS is overvalued as a company now because of the their significant feed provided to competing mainline companies (a.k.a. DAL competing with AMR)?
AMR tried to get some put in place a few years ago, but there are none...
Terminals and gates are like Afghanistan - too many involved to get the story straight...
Cheers
George
01-14-2012, 09:32 AM
#174
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Joined APC: Dec 2009
Position: 7ERB
Posts: 2,039
TEN
01-14-2012, 10:09 AM
#175
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
01-14-2012, 10:12 AM
#176
No longer cares
Joined APC: Mar 2008
Position: 767er Captain
Posts: 12,109
I disagree. The size of the AMR codeshare has little to do with their value.
01-14-2012, 10:26 AM
#177
Looking for a laugh
Joined APC: Feb 2008
Posts: 4,099
Anderson has said in the past, "Why buy the cow when you get the milk for free," in response to a DL buyout of AS. However, you don't think that DL and AS management haven't already discussed golden parachutes in case of a hookup?
01-14-2012, 10:32 AM
#178
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
How do you figure? Take away the pro-rate passengers they fly under either AMR or DAL and their margins plummet. If the stats thrown out by folks here are accurate (DAL/AMR putting 1.2 million pax each on Alaska) then 15% of Alaska's passenger enplanement traffic is through those codeshares alone. They also have substantial net code share arrangements with a host of other airlines, when combined also help their margins quite a bit. A purchase of Alaska by a SkyTeam or oneworld member would change the playing field considerably.
01-14-2012, 12:02 PM
#179
Gets Weekends Off
Joined APC: Jun 2007
Position: Legacy FO
Posts: 4,105
There are lots of truck drivers that earn 100K+ per year separate of the oil boom in the midwest. Unfortunately Uncle Sam is increasingly making it harder every day for the owner-operator or small trucking company owner to make money.
01-14-2012, 03:11 PM
#180
Gets Weekends Off
Joined APC: Feb 2008
Position: Top
Posts: 472
1) My wife used to be an associate with the firm that represents the Independent Truckers' Assocation (I think that's what they called themselves.). Every industry will have its high-income outliers, but Joe Trucker is busting his tail just to make ends meet.
2) I have friends at AA, and I've always been treated well when I've jumpseated with AA. I wish every single one of those guys the very best.
3) The only happy pilots I know are those with multiple income streams. This is a great job, but it's just too insecure to put all of one's eggs in its basket.
2) I have friends at AA, and I've always been treated well when I've jumpseated with AA. I wish every single one of those guys the very best.
3) The only happy pilots I know are those with multiple income streams. This is a great job, but it's just too insecure to put all of one's eggs in its basket.
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