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yes, we too, take applications for 100K, with 80% not even qualified for job, they typically interview 5K, and end up with 1K of the original 100K, being hired, like any other company, we have a few bad apples, but on a whole we have a great group of people working in a difficult environment.(once had a guy tap me on shoulder, impatient for another jack and coke, while i was doing chest compressions CPR on another psgr, when i asked "do you not see what we are doing?" he stated "does it take all 3 of you to do it?") its never boring. most of us are "people pleasers" and enjoy our jobs immensely . i look forward to the changes coming up, with corporate synergies, investments in the product including new clubs, routes, ect. if all things go well, the next 18 months, should be very interesting,
its a figure of speech, meaning i believe AAL will be raking in the money, in the past corporate america has used creative accounting practices, to avoiding taxes, as well as (in their opinion) unnecessary profits to share holders as well as employess. without a stake in the success (profits) of a company no one share holders or employees would take much interest in a company. i think the next 18 months for AAL will be very productive, with new routes, cheaper fuel, and merger synergies, i don't see much else they could do, to create profits, as well it appears they are putting a LOT of money in their product, with new clubs, and amenities (on international) domestic (not so much) more of a lowest fare product. JMO
its not what we gave up years ago, but its a start, the eased work rules pay for a big part of it, but it was about to get real ugly, real ugly, it amounted to a concessionary contract, but now, maybe not, will know thursday, still a lot of raw nerves out there, but this may make a bitter pill easier to swallow. considering only 12 months out of BK, could be worse. when oil hits 47.00 they won't have room enough to hid the money. ready for buy back and bigger dividends. and a 6th distribution (Joking)
http://aviationblog.dallasnews.com/2014/12/apfa-doug-parker-will-talk-to-us-about-giving-us-the-money.html/
APFA: American Airlines may give flight attendants the pay raises they turned down
The flight attendants of American Airlines may wind up getting the bigger pay raises they turned down Nov. 9 after all.
The Association of Professional Flight Attendants said Monday that American Airlines chairman and CEO Doug Parker “has expressed a willingness to put wages back” into the union’s new joint collective bargaining agreement.
He’ll meet with the APFA board of directors Thursday to talk about it, the union said in a special hotline Monday.
UPDATE, 2:45 p.m.: American spokesman Paul Flaningan declined to comment on whether AA was prepared to grant the higher value.
Union members on Nov. 9 turned down a tentative contract that would have added $193 million in value to the flight attendant contract. On Saturday, an arbitration board handed down a binding decision that put the value of the contract at $112 million.
Last week, APFA president Laura Glading sent a letter to Parker asking him to talk to the union about giving the flight attendants the full $193 million, despite the attendants’ rejection of the contract.
On Monday, the union posted this message:
“Yesterday, Doug Parker responded to APFA President Laura Glading’s December 8th letter requesting a meeting to discuss the possibility of restoring wages beyond the arbitrated award. APFA is pleased to report that Parker has expressed a willingness to put wages back into our JCBA and has agreed to meet with the APFA Board of Directors and the Joint Negotiating Committee to discuss the details in a Board Briefing being scheduled for Thursday.”
The union and US Airways management had agreed, prior to the US Airways and American merger, to a process on how the AA and US Airways flight attendant contracts would be combined into a joint contract.
That process stated that the joint contract would bring the value of the flight attendants’ contract on part with comparable airlines in the industry standard. The total value going to US Airways flight attendants and to American flight attendants in the joint contract would not be less than in their separate contracts.
That additional value to be in the joint contract was calculated at $112 million.
APFA and AA negotiators in September agreed to a tentative agreement that put the total value at $193 million, or $81 million more than the $112 million minimum required. However, APFA members turned it down by 16 votes, 8,196 to 8,180.
As provided in the 2012 protocol, the contract went to binding arbitration. The union, faced with the task of deciding where to take $82 million out of the contract, reduced the size of pay increases.
By the time of the arbitration hearings Dec. 3-4, the only question as whether flight attendants could have “me-too” clauses that would give them profit sharing or better health insurance plans if other unions secured the same gains. In addition, the union wanted any pay increases retroactive to Dec. 2, the day before the arbitration began.
The board ruled against the union on all three items. The contract went into force on Saturday after the decision, and the new pay scales go into effect Jan. 1.
Flaningan, the AA spokesman, reiterated his comment from Saturday, after the arbitration board decision. “We respect the arbitrators’ decision and will work with the APFA to implement the new joint contract that provides wage increases and other improvements to the existing contract,” he said.
it was different for everyone, a formula based on how much you flew, but average was 130 shares in december and 130 in april, timed with share holder disbursements. i think they were valued at 12.00 the first tie and 24 the second, but not sure,
a bunch of employees, selling the 100-200 shares they received a year ago today, cause they need the money, and its "long" now. i expect tomorrow the same
don't forget we have the dec 9th anniversary and the stock buy back, a lot of good in the pipeline, new planes, new routes, international loads are great, will more than offset Nov #'s, fuel is 1/3 our costs, when we finally figure in new fuel cost we will fly high, ridiculous profits ahead
the new uniforms are out, hahahahaha the female dress looks like an over-sized potato sack, its called a boat dress, it looks like a boat cover, will try and post pics, it looks like a snuggie
calendar of dates? anyone care to post the dates of importance for us? one year anniversary of BK, 3rd quarter earnings, 4th quarter earnings, buyback stock guesses? ect ect
question: i sold a few shares to cover my original investment, they sold this morning and showed the cash balance increase, can i transfer those funds immediately, or is there a 3 day hold or such. TD Ameritrade. it doesn't show a hold. i know putting it in there sometimes there is a delay, (i am just not used to taking money out)
today is the day i dreamed of, when all those experts said SELL, when all those people said, "my experts said you are gonna loose it ALL". and we hung tough, we hung on, we stayed strong, we believed. today my AAL stock went up, in an hour, more than 50% more than my original investment. my goal/dream was 50K, (total) and today mine went up 90K, sold my fluff shares, so have my original investment plus some back, i know its going up, but no stress now, can't loose, its an early christmas. thanks to all who encouraged me to hang in there. Happy Holidays
so this, reposting..
Here is What E-Trade has to say today about the success of AAL and why and how: Cost Cutting During Bankruptcy Laid The Foundation
The foundation for this growth in American’s revenue and profit was laid during its two year bankruptcy period in which it slashed operating costs.Chapter 11 protection enabledthe carrier to renegotiate contracts with pilots, flight attendants, airport staff, engineers, technicians and other employees. It also enabled the company to limit its pension liabilities.American also re-negotiated many of its office and aircraft lease contracts. New contracts signed following these negotiations lowered the carriers operating costs. When expressed as a percentage of its passenger revenue, Americans non-fuel costs fell steadily through its two-year bankruptcy period, from November 2011 to December 2013.
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well say 51.00!!!! Ray Ban, (i don't remember what you said) but SAY IT AGAIN SAY IT AGAIN!!
i am ready, and will be glad to take it, i am also ready for 51.00 per share. and ready NOW hahahahaha GLTA
bawhahahaha, you gotta be yanking our chain. ALL the distributions are done. the only thing left is the BK slush fund, that was set up to cover any outstanding potential losses from lawsuits. after those are paid, and the lawyers paid, and ever other potential cost, the rest, given back to shareholders (minus a small percentage to employees) but this is not a real distribution, per say, more like a big dividend, maybe (if lucky, a couple hundred dollars as opposed to the several thousand dollar). and the employees where told IF any monies were distributed it would be at least another year, perhaps 2, but were told this was a good thing, since if they did it now, the amount would be so small, that many employees wold get zero (since 1 share would be minimum) so waiting would be more beneficial. write this off for now, and consider it "found" money in a year or so.
Andrew Labutka, Speculation Sunday (43 clicks)
Long only, medium-term horizon, undervalued, under researched, small & mid cap
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Update: American Airlines Q3 Profit Soars
Oct. 24, 2014 7:19 AM ET | About: American Airlines Group (AAL)
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)
Summary
American Airlines reported Q3 EPS of $1.66 on $11.1 billion in revenue.
After seeing the quarter, I am reiterating my buy rating on the stock.
As anticipated, lower fuel costs should continue to drive airline profitability.
American Airlines (NASDAQ:AAL) reported third quarter financial results Wednesday morning via press release. The airline reported a record quarterly profit of $1.2 billion as revenue grew 4.4% from the comparable year ago period to $11.1 billion. Adjusted EPS of $1.66 topped Wall Street's expectations by $.02 and represented a 59% increase from the combined total of American Airlines and US Airways a year ago. However, EPS was still well below the previous consensus target of $1.88 that analysts had expected when the quarter began.
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As anticipated in a previous article, lower fuel costs were a major driver of record profit for American Airlines. Average fuel prices during the quarter were $2.97 per gallon versus $3.03 a year ago, representing a decline of 1.9%. This more than offset a fuel consumption increase of 0.6%. Further fuel cost savings could be seen in the following quarter, as the price of Brent crude oil remains near its lows.
Available seat miles (ASM), a key industry metric, increased 2.1% in the quarter while revenue per available seat mile (RPASM) was up 1%. Domestic air travel was the largest driver of RPASM, reporting an increase of 5.7% year-over-year. This was partially offset by weakness in American's international segment, which reported a decrease in RPASM of 6.1% despite increasing ASM by 4.2%.
Additionally, fears that the current Ebola outbreak may decrease air travel appear to be subsiding after Delta Air Lines (NYSE:DAL) reported that the virus has yet to materially change traffic patterns.
Takeaway
American Airlines is continuing to reap the rewards of being in a consolidated industry that has, for the first time in its history, allowed airlines to become very profitable. I believe that higher ticket prices, along with lower fuel costs will continue to push the airline sector higher. Even with international growth still in question, American Airlines remains a cheap stock in an attractive industry. BUY
American Airlines and pilots go back to the table • 10:56 AM
Clark Schultz, SA News Editor
American Airlines Group (AAL -0.1%) says talks with the Allied Pilots Association will continue after a session on Friday didn't lead to an agreement to move toward binding arbitration.
A general contract that cover both AA and US Airways pilots is being worked on.
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predictions for this week? anyone? any dates of interest? DEC 9th BK anniversary? end of year tax dates? stock buyback dates? maybe holiday week will be slow/low volume.
yeahhhh, got mine yesterday, cashed in, AND in my bank this morning. dividend lollipops are so good
dividends......nice
extra shares......great
moral support from others.......priceless!!
ahh thats very nice,appreciate it, i think the vast majority of f/a's do this job, because they love it, and its flexibility. no one wants peace in the workplace more than us, its what we do, we are "people-pleasers". we are sons and daughters, husbands and wives too. employees with no interest in profits, are not interested in making a company profitable. the merger gives us hope, because its not been done this way before, share holders, employees, labor and management all had to come together to make this happen, once the employees loose interest, a company can't survive, i have every hope that AA will climb high and proud, but it will take compromise on both sides, with realistic goals. the employees have given back for years with barbaric wage cuts and rules and that after deregulation did the same earlier, the airlines need to recover from the horrific losses post 9/11, but they will need our help to do it. and need to find a way to include employees in the rewards (both in respect and $). with the unbelievable profits coming in, and predicted, a gesture is past due, and will be well received. alienation of the front line employees, can't be a good thing, so i have to trust both sides want a solution, to ensure the profits keep rolling in. thanks for listening to an employee as well as a share holder. i owe a huge thank you to several of the original folks on this room, they gave me the courage to invest, and hold, and invest more, as the price rose. my retirement is set, and can't thank you enough for this "life-changer". i just wish i had done even more, hind sight is 20-20. but i am in originally at 2.00 a share and more at 12. i think my share average is 5 bucks, and with 14K shares, my only thoughts are taxes (we should always have such worries) so i will just say thank you, and good luck all
yep, thats how i look at it too, ralph. sprinkles, on the frosting, on the cake. so very happy, even if we get a few shares, of course i am much more excited about the more recent PPS, YEEEAAAHHHH happy numbers for me are 46. 48. and 51. over the next 18 months
those are just my random, happy numbers, that work well for me
please update if anyone hears anything about any shareholder distribution from the lawsuit slush fund. Nov 3rd employees received their dividends from shares (mine 13.00 bucks, but aint turning it down :)). but more importantly we got notice, that the remaining shares in that "set aside" acct, of which we get a small percentage, might/most likely be a few years before we receive, would be so small that if divided up now, most would receive nothing (less than a share) so it will be given to the union to distribute at a later date, and in a way yet to be determined. whaaat? i read it a few times, must be that new employee math, hahahaha, they quoted %, but no dollar amount, (let me translate) not enough to bother with so if you wait long enough, and trust the company and union to decide how and when we might get enough together to be worth the postage, but on the flip side, it sounded optimistic that the share price would eventually go up enough for "many" employees to actually get something rather than nothing, if distributed now. i would post the message, but not sure if it is koser, i hope the share holder distribution is a little more clear (of course we all new this was a much smaller/left over amount) but i am sure we will all accept even the baby bumps.
yes, flight attendant, lead purser international, been there since '86, was in hotel management prior to that
its a complex problem, sure its easy to say its a raise, and a raise is great, but like most negotiations, it many times is a shell game, you get a 80 dollar raise but you loose vacation, or you get a more vacation but you loose pension, you get the idea. obviously more to the situation than meets the eye. no one turns down $ with no strings. one aspect appears that f/a took barbaric pay cuts of 24% to stave off BK, and then took 12% more paycut imposed after, but don't worry now that we are raking in more money than ever they will throw 9.9% at you. mean while the work rule changes alone, pay for the raises, not to mention pensions frozen, healthcare doubles, ect. ect. so i see both sides of the argument , and many are still sore from huge cuts while executives reap millions each in bonus's alone, literally the day after the cuts. Parker just received a 44% pay raise(would have to confirm actual numbers) and several millions in bonus. which he may have done a great job (yet to be seen) but hard to handle when you still make significantly less than you did more than a decade ago.and now after more than a decade of promises of money IF we were just profitable, they take that away, just in time to continue not paying employees. anyway, just a little insight. no matter the outcome, some new agreements will for good or bad, speed up the process signifacantly, from an average 2 and half years, to a few months.
AAL doesn't hedge any fuel, and we even sold what little we had earlier purchased
AAL is poised to make ridiculous, obscene amounts of money next few years, won't be able to hide the money, they literally are looking where they can put the money, thus the buy back of shares the pay off of loans, the advance payment on aircrafts
no profit sharing was major reason for vote down, deltas 15K check was salt in wound for not getting zilch at AAL, they say highest pay because they took what they guessed would be minimum PS and added it to salary, well we are not highest paid when we count it in our hourly wage and they don't.
NONE liked it!! its this easy, half were insulted, billions coming in, huge executive bonus' and billions spent on planes, clubs, new roll outs, upgrades in every area but labor, and were not just no but HELL NO! the other half hated it too, but felt with forced arbitration we had little choice and were voting for (bad) rather than (worse). and what little they were offering was better than what the arbitrator would give (unknown) the important thing here for us (shareholder) is there is a very short window for the decision, so we can hit the speed bump and get back to business. i am looking forward to the dec 9 anniversary for institutional investments, and the buyback to move forward, will help PPS. two other unions are negotiating pilots and mechanics, so there will be opportunities for day traders here, with continued volatility. but a lot of good things in the pipeline. and many flight attendants holding out for D parker to choose quick solution and better relationship with labor by throwing a few extra crumbs to resolve it before arbitration. think about it. we saved them a billion (with a B) in savings (payouts) to try and fend off BK, and the raise in contract was 193 mil (with a M) and now will be 111 mil (with an M) there profits alone this year will be several Billion (with a B) the amount we asked for was less than 1%. had they offered an extra 50 million to off set the billions they were suppose to share with us in profit sharing it would have passed. Delta f/a's just received a 15K dollar profit sharing EACH, a bonus, its not gauarnteed but it can buy a lot of groceries, and pay a lot of rent
the f/a's turned down the contract, for a number of reasons. yes it was an improvement, and crazy to turn down a raise. but a lot you don't hear on the news, it was an emotional, frustrated, lack of respect vote as well as things like, (now that we are profitable) they decide to do away with profit sharing. and after the last 2 concessionary contracts (to avoid and save from BK. where we gave up 23% average and the other at least 12% along with less staff, shorter layovers(rest), dropping all retiree health care, completely frozen pensions, basically they give you a 100 dollar raise but increase your medical premiums by 200 dollars, then they give you a dollar more an hour, but reduce the staffing 20%. tell you to come to work, to set up plane, board, check equipment ect ect, 1 hour and 15 minutes before work, (for free) your pay doesn't start until they move the plane. overtime we take a pay cut, days later they announce huge bonus's and raises for executives
the vote obviously doesn't make good financial sense, because we will almost certainly get less, a miracle to even get what was offered. but half the flt att decided it would be better to have our voices heard than take this small bribe. an example is the purser/lead flt att, who coordinates the crew, handles all the paperwork, hotels, breaks, P.A.'s, trouble shoots for entire aircraft as well as duties in aisle as working first class, and more, was paid 6 bucks extra per flight hours the 70's and early 80's, changed to 5.00 in mid 80's and stayed there for almost 27 years, and the last imposed contract dropped to 3.00 on long flights and nothing on domestic short flights. starting salaries are less than half of what they were before deregulation. all of us would jump at the contract, we had 20 years ago. very few professions dream of a chance at salaries decades old. most of us just want the tool to do our jobs,
bottom line when you have lost 37% pay in last few years, plus work rules, staffing, pensions, retiree medical and more a 9.9 % raises doesn't sound quite as spectacular. we will see, fortunately we have a short time clause built in. so it won't last long
good luck all
AA FA turn down agreement, day traders get ready, its a bump in the road, but a good size one, and a couple more union contracts to go. so hang on
is the general consensus, among analysts, still around 51.00? easily before march?
air trans no more at love field , catering truck hits engine on empty AA aircraft, southwest doesn't agree to settlement with govt. on poor maintenance what else is in the news, in airline industry
is this an up or down day, according to the established pattern? have we broken that pattern, or day traders still in charge, hahahaha,
ok, now this isn't funny, anymore, i was elated to buy on a dip a while back at 36, and it went to 40, didn't really see this ever going back to 35, i am hoping this is just a really really good buying opportunity for someone, i am long, and holding this to mid to high 40's, no matter what, but i would really like a "do-over" for the last 6 months. this really is a day traders dream. going on vacation, and let the chips ride. maybe if i look away, hahha, back on 17OCT GLTA
new definition of bloodbath, ugghh, am so looking forward to this climb instead of fall. and lets hope it climbs twice as high twice as fast.
this may change the holding pattern, yeaaaaaaaaaa
http://us1.campaign-archive1.com/?u=1450c9c25bd3b5096022a9f71&id=d022cfb9e4&e=00890ede63
if they have they haven't said anything about it, but it sure seems now would be a good time to get the stock rather than waiting for it to climb, cheap stock purchased. b. would bring the PPS up, making the share holders happy,