Dear TWA employees supporting the AA deal:
Please answer the following questions:
1) Has AA guaranteed your jobs? If so, what is securing this guarantee -- AA's "word"? And what makes this word particularly valuable.
2) One of the reasons TWA failed was because of its high cost structure -- including employment agreements. What makes you think that AA will deliver favorable terms to you?
3) The IAM has no presence at AA. Who is going to negotiate your position for you?
4) TWA and AA have MANY overlapping routes in the Carribean, JFK, and even STL. What makes you think American will let you keep your jobs, given this overlap?
If you're banking on the "word" of American, bank somewhere else. Your jobs remain in peril, with no guarantees of success or remployment, and a likely demotion/loss of seniority upon AA's final purchase.
Keeping TWA flying is the ONLY way to guarantee your seniority and jobs remain.
Looking at the Continental and NWA offers, it seems rather obvious that the bankruptcy judge will accept them. Here's why:
1) CO is interested in buying UNUSED slots and gates at ORD, JFK, and DCA. These are unmonetized, pointless assets at this point, anyway, with no associated jobs, that free up CASH for TWA to hedge fuel costs and continue operating AS IT DOES TODAY, moving toward profitability.
2) The only major usable asset I can think of that TWA may lose in selling to Continental is the Trans World Terminal (T5) at JFK, which is antique, has been underutilized for years, and is to be closed in 2003 anyway. JFK is no longer really a TWA hub. Shrinking TWA to seven or so gates at JFK will allow it to maintain its current transcontinental, eastern and European flights, with room for growth, without the decrepit albatross that is T5.
Anyone who believes American's "commitment" to them is genuine should stop smoking crack -- it's illegal in this country. You have NOTHING to base your hopes upon, other than AA's (spotty at best) "commitment."
The only way to truly hope to maintain your jobs with minimal damage is accept a proposal that allows TWA to continue in its present form, with its present network, with lower costs and higher capital. The CO/NWA plan does that handily -- and gives TWA room to breathe, make money, and (gasp) GROW again a few years down the line.