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How American Airlines could bail out of the US Airways merger -- and why it might want to
The future of the U.S. commercial aviation system will be decided November 25, the trial date a Washington district court judge set as the beginning of the Justice Department's attempt to squash the $12 billion merger of American Airlines and US Airways. Unless, of course, it's not. (www.bizjournals.com) Más...Sort type: [Top] [Newest]
"American is prospering in bankruptcy". Got to love the new business model. I wonder why other companies don't do it. That was a joke- bankruptcy seems to be the business plan for most big business in the US now.
Yes, if you're talking about big airlines. Most other large companies actually turn a profit. For too long, airlines were taking a pass on profitability. It's about time airlines realize they're a business.
Too many workers have learned the hard way that defined benefit retirement payments and unprofitable airlines do not go together very well. At least not for the worker counting on the airline to always be there and/or to always be profitable.
Whenever possible try to get your retirement funds paid directly to you into your own retirement fund, with your own name on it, as close as possible to the year in which you earned it. Also don't let any union or wall street middlemen collect high fees on your retirement funds. Just pick the lowest fee market index fund. For most people just following the market over several decades will work best. For the few who can do better than the market, go ahead. But remember most money managers don't beat the market. So don't pay for their "service" either. Just folliw the market with an index, you're more likely to do better. And pay little or no fee. These fees really eat into the return realized, and greatly reduce the available cash at retirement.
But anything is better than your airline going bankrupt and disappearing, and taking your pension with it. An airline going bankrupt and sticking around and continuing to provide a job for many, is only marginally better, as many pensions are greatly reduced
Too many workers have learned the hard way that defined benefit retirement payments and unprofitable airlines do not go together very well. At least not for the worker counting on the airline to always be there and/or to always be profitable.
Whenever possible try to get your retirement funds paid directly to you into your own retirement fund, with your own name on it, as close as possible to the year in which you earned it. Also don't let any union or wall street middlemen collect high fees on your retirement funds. Just pick the lowest fee market index fund. For most people just following the market over several decades will work best. For the few who can do better than the market, go ahead. But remember most money managers don't beat the market. So don't pay for their "service" either. Just folliw the market with an index, you're more likely to do better. And pay little or no fee. These fees really eat into the return realized, and greatly reduce the available cash at retirement.
But anything is better than your airline going bankrupt and disappearing, and taking your pension with it. An airline going bankrupt and sticking around and continuing to provide a job for many, is only marginally better, as many pensions are greatly reduced
And get rid of that crummy new paint scheme while you are at it !!
I got a feelin' that paint scheme ain't going away, regardless of the merger outcome
next yearr i promis , i'm proof reding for sure
Alas , I wish Parker would ride into the sunset... Just liek everyone who has delt with him, including the well run and liked folks of American West. It's the ugly side of all of us wanting more, more , more and to be considered a top dog somewhere. Even US crews when allowed to be honest have nothing but disdain for this guy, but yea he needs more....
Have a nice trip to DC Doug, somehow you'll push thru, and then look for another ego boosting somnething to compensate for ... uh well, for whatever you dont have!
Have a nice trip to DC Doug, somehow you'll push thru, and then look for another ego boosting somnething to compensate for ... uh well, for whatever you dont have!