Eagle Life
04-22-2011, 07:18 PM
#2021
Gets Weekends Off
Joined APC: Jan 2007
Posts: 224
No if diversified we would have a 5 year contract then they would bid our AC away. Which shareholders would like, since they would sell Eagle stock the day they got anyway, and by bidding to lowest bidder they would get an increase in AMR stock. Your falling into step one, ask the 18 yr guys at OH how step one feels since they will be on the street next summer, and 20 yr guys will be reserve
Wisconsin cost are as high as Eagle
AMR did like TSA
RAH is getting out of the feed game.
04-22-2011, 07:32 PM
#2022
Banned
Joined APC: Jun 2008
Posts: 8,350
04-22-2011, 08:21 PM
#2023
Gets Weekends Off
Joined APC: Dec 2007
Position: FO
Posts: 424
There is no feed for Eagle to bid on outside AA, and even if there was Eagle is totally uncompetitive (by union admission).
Eagle will eventually evaporate into nothing as all flying is bid out to the low bidders, and the shareholders lose nothing because Eagle is worthless without a CPA or equipment, and AA benefits by whipsawing regionial feed for the forseeable future, just like the olden days
04-23-2011, 05:36 AM
#2024
Line Holder
Joined APC: Apr 2011
Posts: 49
Long time lurker, first post...
You guys are so entertaining with all your "oh we're getting spun off stuff." Come on now, have any of you even thought it through in the stightest bit? I'll dumb it down for you all.
lets say...
AMR stock at $6.
AMR spins Eagle off to existing shareholders so the end result is shareholders have AMR/AA at $5 a share, and Eagle at $1 a share (example only guys - relax)... They have been telling your union for months that you are too expensive and not cost competative, and that they are going to outsource to the lowest bidder.
What this means is that AMR management is asking the Board of Directors to authorize the spin off of Eagle as a standalone, and to split the share value in whatever ratio they come up with... then they are going to bid out your flying to the lowest bidder which won't be you guys since Eagle is not cost competative... so, Eagle goes out of business.
Does that sound like a good career move to you for any of the CEO's? That business plan is career suicide. Both Arpey and Garton will be on the street the next day when all of the Eagle shares become worthless... and a few BOD members may be right behind them if they are to stave off a stockholder revolt.
This isn't about forcing you guys to be cost competative or to bid for your flying... it's about setting up their options to do an end run around our scope restrictions by spining you off, and making you an interline provider instead of a CPA contractor. The stage was set with jetBlue... You will do the same flying you do now, but in larger airplanes. As an interline provider you are not under our scope section for regional feeders, and by DOT standards you have become a major carrier. They will reprogram Sabre to make your flights the flights of choice when people book ticket travel, just as they do now. The revenue will be going back to the same group of shareholders.
The other option this spin off sets them up for is to BK us while having you guys around to continue flying as much of the schedules as possible.
In the grand scheme of things; getting your own union to help talk concessions is just icing on the cake for management.... it makes no difference if you guys work for free... it isn't about Eagle, it's about AA.
lets say...
AMR stock at $6.
AMR spins Eagle off to existing shareholders so the end result is shareholders have AMR/AA at $5 a share, and Eagle at $1 a share (example only guys - relax)... They have been telling your union for months that you are too expensive and not cost competative, and that they are going to outsource to the lowest bidder.
What this means is that AMR management is asking the Board of Directors to authorize the spin off of Eagle as a standalone, and to split the share value in whatever ratio they come up with... then they are going to bid out your flying to the lowest bidder which won't be you guys since Eagle is not cost competative... so, Eagle goes out of business.
Does that sound like a good career move to you for any of the CEO's? That business plan is career suicide. Both Arpey and Garton will be on the street the next day when all of the Eagle shares become worthless... and a few BOD members may be right behind them if they are to stave off a stockholder revolt.
This isn't about forcing you guys to be cost competative or to bid for your flying... it's about setting up their options to do an end run around our scope restrictions by spining you off, and making you an interline provider instead of a CPA contractor. The stage was set with jetBlue... You will do the same flying you do now, but in larger airplanes. As an interline provider you are not under our scope section for regional feeders, and by DOT standards you have become a major carrier. They will reprogram Sabre to make your flights the flights of choice when people book ticket travel, just as they do now. The revenue will be going back to the same group of shareholders.
The other option this spin off sets them up for is to BK us while having you guys around to continue flying as much of the schedules as possible.
In the grand scheme of things; getting your own union to help talk concessions is just icing on the cake for management.... it makes no difference if you guys work for free... it isn't about Eagle, it's about AA.
AMR is a black belt at negotiation. They are setting up the best set of conditions to negotiate with a lot of different directions with different companies, with as many options to deal with a lot of changing situations. And sometimes I think they are playing chess while we are thinking checkers.
Being spun off won't necessarily be bad for Eagle, but it won't necessarily be good either and a lot of what will happen is just out of our hands altogether. So try to enjoy the ride while it lasts.
04-23-2011, 06:05 AM
#2025
Line Holder
Joined APC: Apr 2011
Posts: 49
BINGO! the share split is way more like 1:100 than 1:6. Eagle is nothing more than an over-priced staffing company without the airplanes and CPA. The shareholders are going to make out like kings by the end of this thing.
There is no feed for Eagle to bid on outside AA, and even if there was Eagle is totally uncompetitive (by union admission).
Eagle will eventually evaporate into nothing as all flying is bid out to the low bidders, and the shareholders lose nothing because Eagle is worthless without a CPA or equipment, and AA benefits by whipsawing regionial feed for the forseeable future, just like the olden days
There is no feed for Eagle to bid on outside AA, and even if there was Eagle is totally uncompetitive (by union admission).
Eagle will eventually evaporate into nothing as all flying is bid out to the low bidders, and the shareholders lose nothing because Eagle is worthless without a CPA or equipment, and AA benefits by whipsawing regionial feed for the forseeable future, just like the olden days
The Board of Directors and share holders on the other hand are not to be trifled with, and AA/APA has much more to lose in their relative position because they are the real target in the cost cutting scheme.
04-23-2011, 06:25 AM
#2026
Reserve
Joined APC: Mar 2011
Position: 73 FO
Posts: 75
Hey guys...i'm doing a pilot fatigue survey and I really need the perspective of the regional pilot. I've got plenty of responses from the Delta guys, but I need to hear what you guys have to say. I'm not going to post the link here because I think I'll get poo poo'd by the moderator, but if you guys go to the aviation survey forum it is listed under pilot fatigue. Thanks
Brian
Brian
04-23-2011, 02:42 PM
#2027
Gets Weekends Off
Joined APC: Jun 2008
Position: Reclined
Posts: 2,168
So on one hand Mason, you're arguing that Arpey and the boyz would be out on their keesters for partially hosing the shareholders with worthless Eagle stock (in your example, say 1/6) via spinoff, yet espousing that wouldn't occur by doing the same thing with BK for AA, with the exception it would be hosing 5/6th of their share value ?
I wouldn't put anything past them. Once you are spun, the one page CPA torn up, and an interline agreement signed, there would be nothing preventing them from shifting deliveries from AA to AE... although, I think the C-series is the more likely bet, they've already publicly stated they were looking at them.
04-23-2011, 02:49 PM
#2028
Gets Weekends Off
Joined APC: Jun 2008
Position: Reclined
Posts: 2,168
BINGO! the share split is way more like 1:100 than 1:6. Eagle is nothing more than an over-priced staffing company without the airplanes and CPA. The shareholders are going to make out like kings by the end of this thing.
There is no feed for Eagle to bid on outside AA, and even if there was Eagle is totally uncompetitive (by union admission).
Eagle will eventually evaporate into nothing as all flying is bid out to the low bidders, and the shareholders lose nothing because Eagle is worthless without a CPA or equipment, and AA benefits by whipsawing regionial feed for the forseeable future, just like the olden days
There is no feed for Eagle to bid on outside AA, and even if there was Eagle is totally uncompetitive (by union admission).
Eagle will eventually evaporate into nothing as all flying is bid out to the low bidders, and the shareholders lose nothing because Eagle is worthless without a CPA or equipment, and AA benefits by whipsawing regionial feed for the forseeable future, just like the olden days
You are assuming that AMR can just take the airplanes and lease them out to somebody else to fly existing Eagle/AMR routes. That is a bad assumption based upon prior arbitrations. Kinda shoots your whole theory to crud doesn't it....
again, this spin-off is less about Eagle, and more about AA scope. It's a means to an end. If they can convince your MEC along the way for more concessions, great... but it isn't the main objective
04-25-2011, 07:35 AM
#2030
Gets Weekends Off
Joined APC: Feb 2007
Position: 1st year pay for the 3rd time
Posts: 1,434
Curiosity
If Eagle gets spun off how much value (if any) does the Executive overwater certification bring to the new company.
Would this help Eagle contract with other mainline carriers?
Would this help Eagle contract with other mainline carriers?
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