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AMR Board Voting Today...Announcement Tomorrow?  
User currently offlineMountainFlyer From United States of America, joined Jul 2005, 476 posts, RR: 0
Posted (1 year 6 months 1 week 1 day 2 hours ago) and read 5893 times:

Bloomberg is reporting that the AMR Corp board is currently meeting to vote on merger terms with US Airways with a possible announcement tomorrow.

http://www.bloomberg.com/news/2013-0...-to-agree-on-terms-for-merger.html


SA-227; B1900; Q200; Q400; CRJ-2,7,9; 717; 727-2; 737-3,4,5,7,8,9; 747-2; 757-2,3; 767-3,4; MD-90; A319, 320; DC-9; DC-1
37 replies: All unread, showing first 25:
 
User currently offlineRyefly From United States of America, joined Jun 2000, 1396 posts, RR: 0
Reply 1, posted (1 year 6 months 1 week 1 day 2 hours ago) and read 5809 times:

I just got a news flash from NBC Charlotte that US Airways & American agree on Merger.

User currently offlinestlgph From United States of America, joined Oct 2004, 9324 posts, RR: 25
Reply 2, posted (1 year 6 months 1 week 1 day 2 hours ago) and read 5793 times:

Quoting Ryefly (Reply 1):

The merger details call ended just over an hour ago. Both boards came to an agreement on terms, which are 'interesting', and that's all I can say.

Now both boards must take a final vote. AMR is voting within a matter of minutes. US Airways will be voting in about two-three hours.



Eternal darkness we all should dread. It's hard to party when you're dead.
User currently offlinedabpit From United States of America, joined May 2012, 103 posts, RR: 0
Reply 3, posted (1 year 6 months 1 week 1 day 2 hours ago) and read 5506 times:

This mega merger is only going to hurt the consumer....

User currently offlinetexan From New Zealand, joined Dec 2003, 4275 posts, RR: 52
Reply 4, posted (1 year 6 months 1 week 1 day 2 hours ago) and read 5482 times:

http://aviationblog.dallasnews.com/2...us-airways-merger-wrapped-up.html/

Dallas Morning News reports the announcement will be made early tomorrow morning.

Texan



"I have always imagined that Paradise will be a kind of library."
User currently offlineJFKPurser From United States of America, joined Mar 2007, 486 posts, RR: 4
Reply 5, posted (1 year 6 months 1 week 1 day 2 hours ago) and read 5413 times:

Like I've been saying all along -- this merger is never going to happen.

User currently offlineAv8tor From United States of America, joined Dec 2007, 142 posts, RR: 0
Reply 6, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 5216 times:

Quoting dabpit (Reply 3):
This mega merger is only going to hurt the consumer....

Give me a break! This industry has lost billions of dollars over the past decade. Should they continue to lose money for the benefit of the consumer or should they be allowed to make strategic moves to help themselves become profitable? If the consumer doesn't like it, they should drive or take a train.


User currently offlinejetboytwa From United States of America, joined Jul 1999, 389 posts, RR: 4
Reply 7, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 5222 times:

Quoting JFKPurser (Reply 5):
Like I've been saying all along -- this merger is never going to happen.

Why exactly do you believe this to be the case?


User currently offlineSPREE34 From United States of America, joined Jun 2004, 2245 posts, RR: 9
Reply 8, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 5170 times:

Quoting dabpit (Reply 3):
This mega merger is only going to hurt the consumer....

Tell that to junior employees looking for work this time next year.

Quoting JFKPurser (Reply 5):
Like I've been saying all along -- this merger is never going to happen.


Seems the money says otherwise. The Horton speedbump has been dealt with. The voting formalities will be over by 6pm PHX time. We shoild have solid leaks by 6:15.



I don't understand everything I don't know about this.
User currently offlinephxa340 From United States of America, joined Mar 2012, 885 posts, RR: 1
Reply 9, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 5170 times:

Quoting JFKPurser (Reply 5):

And you will be back here in 2 years complaining about the new management ... Be careful what you wish for but best of luck.


User currently offlineJFKPurser From United States of America, joined Mar 2007, 486 posts, RR: 4
Reply 10, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 5130 times:

Quoting jetboytwa (Reply 7):
Why exactly do you believe this to be the case?

It's a joke. I have maintained, contrary to the views of a substantial number of members who frequently post here about AA, that this would be the exact outcome in the AMR bankruptcy since last April, when Parker first approached the leaders of AMR's unions. But nobody seemed to agree with much that. And now here we are. That's all.


User currently offlineIrishAyes From United States of America, joined Jan 2008, 2178 posts, RR: 15
Reply 11, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 5030 times:

Quoting JFKPurser (Reply 5):

Like I've been saying all along -- this merger is never going to happen.

is that a figurative statement?



next flights: jfk-icn, icn-hkg-bkk-cdg, cdg-phl-msp
User currently offlineJFKPurser From United States of America, joined Mar 2007, 486 posts, RR: 4
Reply 12, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4985 times:

Quoting phxa340 (Reply 9):
And you will be back here in 2 years complaining about the new management ... Be careful what you wish for but best of luck.

You may be right. If there's something to complain about -- I very well might just "complain" about it, just like everyone else on the board "complains" about just about every other thing they personally find distasteful -- which by the way often happen to be labor unions or under qualified airline employees who claim to know a lot about things they don't or shouldn't really know anything about. But I digress. So far in this instance, US Airways management has demonstrated their willingness to handle AMR's labor unions much more equitably. We will see whether or not that continues. For now, we are hopeful that we may have at last transcended one of the worst labor/management relationships the airline industry has seen. There is a blueprint for a positive relationship moving forward, and that is at least something. Not to mention the real possibility of a viable AA for the long term. It's a good day.


User currently offlinephxa340 From United States of America, joined Mar 2012, 885 posts, RR: 1
Reply 13, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4986 times:

Quoting JFKPurser (Reply 10):

Your fantasy that the unions are the reason this merger happened is the only joke - please.


User currently offlinetx2fl From United States of America, joined May 2010, 24 posts, RR: 0
Reply 14, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4910 times:

Quoting Av8tor (Reply 6):
Quoting Av8tor (Reply 6):
going to hurt the consumer....
Give me a break! This industry has lost billions of dollars over the past decade. Should they continue to lose money for the benefit of the consumer or should they be allowed to make strategic moves to help themselves become profitable? If the consumer doesn't like it, they should drive or take a train

Thank you...this is the only product/industry where I'm still paying within 20% of what I paid in the 90's. My parents paid around 500.00 to send me DFW-SJU for a school trip in the early 90's and the fares are still about the same. People need to stop the complaining about airfares. I always want to ask the complainer if they'll give me their product or service for the same price it was in 1993.


User currently offlineJFKPurser From United States of America, joined Mar 2007, 486 posts, RR: 4
Reply 15, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4911 times:

Quoting phxa340 (Reply 13):
Your fantasy that the unions are the reason this merger happened is the only joke - please.

Sour grapes?


User currently offlineouboy79 From United States of America, joined Nov 2001, 4581 posts, RR: 23
Reply 16, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4826 times:

Quoting JFKPurser (Reply 10):
It's a joke. I have maintained, contrary to the views of a substantial number of members who frequently post here about AA, that this would be the exact outcome in the AMR bankruptcy since last April, when Parker first approached the leaders of AMR's unions. But nobody seemed to agree with much that. And now here we are. That's all.

Anyone with a half brain new this was happening, but there are many in denial. Depending on exactly how the SLI process works out, there are probably going to be a lot of current American employees laid off. Unless there is something worked out to give AA a seniority bonus (which I doubt), the highly senior US Airways is going send a pretty good impact through the system. Granted there will probably be fences on the hubs and large jet flying, but when it comes to outstations that aren't outsourced (yet) it'll get ugly.

My biggest concern is for those at Eagle. If they spin it off like what Delta did, and turn them into contractors, its going to be pretty devastating.


User currently offlinedabpit From United States of America, joined May 2012, 103 posts, RR: 0
Reply 17, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4824 times:

Quoting Av8tor (Reply 6):
Give me a break! This industry has lost billions of dollars over the past decade. Should they continue to lose money for the benefit of the consumer or should they be allowed to make strategic moves to help themselves become profitable? If the consumer doesn't like it, they should drive or take a train.

Fewer choices for the consumer means higher prices since there will be less airlines

Quoting SPREE34 (Reply 8):
Tell that to junior employees looking for work this time next year.

Sadly it will hurt them as well

Quoting phxa340 (Reply 9):
And you will be back here in 2 years complaining about the new management ... Be careful what you wish for but best of luck.

Couldn't agree more!


User currently offlineMaddogJT8D From United States of America, joined Oct 2009, 397 posts, RR: 1
Reply 18, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4824 times:

I really wonder if this proposed merger is going to clear the anti-trust & DOJ hurdles, I would think that would be the biggest obstacle at this point given the consolidation that's occurred in the industry over the past few years...

User currently offlineJoePatroni707 From United States of America, joined Dec 2012, 493 posts, RR: 0
Reply 19, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4689 times:

Quoting ouboy79 (Reply 16):
there are probably going to be a lot of current American employees laid off.

I have from a pretty good source that no employees at US Air will be layed off at all. Virtually all of the layoffs approx 10,000-12,000 will be on the AA side of the equation. Virtually 100% of AA management from Horton on down to every front line manager will be gone.


User currently offlineRevelation From United States of America, joined Feb 2005, 12417 posts, RR: 25
Reply 20, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4682 times:

Quoting Av8tor (Reply 6):
If the consumer doesn't like it, they should drive or take a train.

Indeed, that or just not travel. There is a fair amount of travel that is discretionary, and if air travel becomes too costly, a lot of that discretionary spend will not happen or it will go other places. Consumers don't have a right to travel by air, and the air travel industry doesn't have a right to consumers.



Inspiration, move me brightly!
User currently offlinedabpit From United States of America, joined May 2012, 103 posts, RR: 0
Reply 21, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4649 times:

Quoting JoePatroni707 (Reply 19):
I have from a pretty good source that no employees at US Air will be layed off at all. Virtually all of the layoffs approx 10,000-12,000 will be on the AA side of the equation. Virtually 100% of AA management from Horton on down to every front line manager will be gone.

Didn't this happen with US when they were taken over by American West?


User currently offlineMaddogJT8D From United States of America, joined Oct 2009, 397 posts, RR: 1
Reply 22, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4629 times:

Quoting dabpit (Reply 21):
Didn't this happen with US when they were taken over by American West?

And with TWA as well...payback is a bi@tch!   


User currently offlinePDX88 From United States of America, joined Mar 2012, 169 posts, RR: 0
Reply 23, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4599 times:

Quoting JoePatroni707 (Reply 19):
I have from a pretty good source that no employees at US Air will be layed off at all.

With the presumed capacity cuts at US hubs, I'm pretty sure they won't be keeping everyone.


User currently offlinedabpit From United States of America, joined May 2012, 103 posts, RR: 0
Reply 24, posted (1 year 6 months 1 week 1 day 1 hour ago) and read 4600 times:

Quoting MaddogJT8D (Reply 22):
And with TWA as well...payback is a bi@tch!

That is true...


25 texan : For better or worse, it shouldn't have difficulty passing the antitrust tests, partially because of past industry consolidation. The DOJ will raise c
26 Post contains images stlgph : Well I feel for the TWA employees who were recalled, that's for sure. Spirit Airlines just posted a 27% increase in traffic for the month of January
27 Av8tor : That's a good thing in my opinion!
28 Post contains links TWA1985 : According to the WSJ ... the boards approved a merger!
29 stlgph : $11 billion merger approved.
30 ouboy79 : Management team was split almost in half between US and HP, with HP guys getting some of the bigger titles. However front line wasn't as massively im
31 texan : I calculate that the current HHI is in the range of .1110 (or 11.10%) to .1121. The HHI after the merger would be in the range of .1319 to .1330. The
32 Maverick623 : I find it hard to believe that US has more seniority than AA. Just my two cents.
33 JFKPurser : The seniority curve of the US FA groups is just slightly ahead of AA toward the top of the list. But that may very well change when they open up the
34 PA727 : Per strong and reliable contacts within AA, the official announcement will be released at 5:30 a.m. CST tomorrow morning. Also, I was told it will be
35 flyfree727 : thank you for your FACTUAL information which you provided throughout this process.. Gotta hand it to you, you called it exactly as it played out and
36 Post contains links speedbird9 : Announced on Facebook: "We are proud to announce American & US Airways are coming together to create the new American Airlines. The combined netwo
37 Post contains links SA7700 : As the merger has been officially announced, this thread will be locked for further discussions. Any posts added after the thread lock will be removed
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