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- If you own American Airlines stock, that stack of magazines over in the corner is worth more. AMR has declared bankruptcy. It's reorganization and your tickets are still good, however. But I wonder what happens to frequent flyer miles? Edit: Flyer miles not impacted.
- Everyone was calling it "breaking news" in the 7:00 a.m. hour but that bankruptcy news made the front page of the paper edition of the the Dallas Morning News.
- I agree with what I heard this morning: Every time I fly American, the tickets aren't cheap, I pay extra for baggage, and the flight is packed. So how do they lose money?
- Baylor plays Texas this weekend and it looks like a win (BU is the favorite, but I'm skeptical) will put them in the Insight Bowl in Phoenix against scandal ridden Penn State. A win also puts Baylor at 9-3 -- something I thought was impossible.
- Our local DA and his wife had another baby yesterday. They can now field a basketball team. Or are they now into the creation of bench players? I've lost count.
- The White Rock Half Marathon is this Sunday which is odd because it normally doesn't come up the week after the Turkey Trot. But I'm more worried about the weather. Current forecast: 42 degrees, 14 mph winds, and a 20% chance of rain. And that chance of rain may skyrocket if the front moves through a little slower. Beating.
- Wordkyle sent me this video of two Corvette owners considering racing as they sat at a stoplight over the Thanksgiving weekend in the Woodlands. The "One Percenter" is taking on a whole new meaning.
- Jack Del Rio was fired this morning from his head coaching job with the Jacksonville Jaguars. I knew a Bridgeport girl who dated him when he was a Dallas Cowboy.
- Fox 4 almost got a jailhouse interview with the young girl who drove the wrong way on I-35 over the weekend which "caused" the death of another. An updated story indicates it might have been a suicide attempt.
- Wise County criminal cases I haven't heard much about: The murder-for-hire lady from Wise County Park, the murder case where the lady ran over the guy on FM 101 between Bridgeport and Chico, and the crazy murder-hide-the-body case out of Paradise. And there seems to be another high profile one that I have forgotten.
- Herman Cain is done -- Not because of the claims of sexual harassment or yesterday's news of an affair, but because he's losing credibility with his denials.
- So of all the people to run against President Obama it's going to be Romney? Really?
47 comments:
Please let me be the first one to notice that for the second day in a row, the wording on the beverage container is the funniest thing about the daily pic.
I think the mug in the background sums up the random thought girl of the day.
NASTY>>>>>
How does American Airlines lose money? Union perks that have built up over the years. Have a work cohort whose sister has worked over 25 years at American, has ACTUALLY worked about HALF that time, with ALL kinds of extended leave allowing her to be idle, and has still had her increase in seniority and salary go uninterrupted. Too much fat. Look at Southwest--runs in the BLACK, runs on time, and charges nothing on reasonable baggage!
Corvette wreck--Reminds me of when BMW owners were WAAAY better drivers than average (nobody but a true driving enthusiast knew of their existence). Then the "Yuppies" discovered the BMW as a status symbol in the 70s, and the driving level of BMW owners went UNDER average, due to them being owned by spoiled, self-preoccupied people who are too busy stroking their egos to pay attention to their driving and other people.
There better be a really good pic coming up later today to make up for this one!
If you trust the Democrat attack machine and the mainstream media, the Republican nominee will be Romney. But the polls show Gingrich with big leads in Iowa and South Carolina, and he picked up a major editorial endorsement in New Hampshire. Republicans salivate at the idea of Gingrich engaging Obama in Lincoln-Douglas style debates (or in Obama ducking them.) I don't think Romney's a lock quite yet.
Unions that won't budge an inch and exorbitant bonuses paid out to executives--that's how AMR is operating in the red despite all indicators to the contrary.
Too bad American can't get rid of all union workers. They are worthless!
Unions should be demolished as a whole in every industry.
How does AA lose money?
Simple, Operating Cost plus liabilities exceed revenue.
They are a huge airline, flights going everywhere, fuel costs have tripled from 10 years ago, and an aging workforce that started serious retirements in the last 10 years.
And that last point isn't necessarily a shot at labor. But AMR is a small example of what will happen to Social Security down the road. Super nice pension plans have started to be excercised by lots of retired employees who are going to live a good long time. That builds up a snowball effect that eventually catches up with you. Thats one piece of the puzzle.
I get that AMR mangement is screwed up. (looking at my stock history with theh, I REALLY get this.) But I still didn't understand why APA would rather see bankruptcy and almost guaranteed loss of future pensions instead of finding a deal. When they declined the offer or even to discuss the last offer the nail was hammered home.
Again, not on either side in this one, just really don't understand the APA position in the end. Would love for someone to explain it on here sensibly? (instead of turning it into an Obama, OWS, Tea Party, etc topic)
While AA managment will continue to blame the Unions, management and insiders have been raiding the till there for years. Their stock has always been out of line with their performance, and a bunch of people have made money off of manipulating it's value, riding the cash flow and not caring if they tanked the company in the long run.
How dumb do you have to be to realize that anyone who doesn't have a job is not willing to work or take whatever they can to survive?
The idiocy of the current administration is astounding. Hell, the idiocy of Democrats and Liberals is astounding!!!!
I am running the full marathon this weekend at White Rock and I have put on my "sunny weather" dance outfit and have been dancing around the fire for a couple of days now.
Don't think it is working.... I may just drink instead.
It doesn't matter who the Republican nominee is — the mainstream media will spend much of next year savaging this person, digging up dirt, etc. while completely ignoring Obama's many faults.
Simple, labor costs are too high, ie... UNIONS
Better hit that girl before she gets too big!!!!
I had a friend who was a senior captain, on reserve, with AA. I met him in september one year and he had worked a total of 20 days at that time. He was smart enough to manipulate the system with sick leave, time off, etc. He still drew a full time salary.
I was retired and he played as much golf as I did. Being on call he could still play and just have his phone with him. He never had to leave the course as they gave him plenty of time to report or opt out.
I doubt if he was the only one who did this.
Management is the reason that AA has filed bankruptcy. Management continues to receive HUGE bonuses and pay. Employees continue to take pay cuts. At some point every company needs a "leader".... do people even know the definition of that word? After 9/11, employees took concessions....did management? Management has had 10 years to turn the company around and I get that it wasn't an easy job however, management believes they ARE the company and that THEY deserve big money. This morning Gerard Arpey, AA's CEO "retired".....how much cash do you think he walked away with? Today, Mr. Arpey will sit in his very nice house and wait until another company hires him.....do you think he will lose sleep tonight knowing how many employees are affected by the bankruptcy? Management only cares about their wallet. It seems like this is the norm and that its ok to only care about yourself and not to care for each other. AA is a business, but thousands of employees give their all to make AA a sucessful company and management doesn't care. If they did care, they would come to the negotiation table willing to negotiate a fair deal.
And, in response to 8:52, extended leaves save the company money. Your cohort's sister doesn't not get paid when she sits "idle" as you call it. With 25 years, she is a "senior" employee....so, when she is on an extended leave a "junior" employee (who is paid less) is working. Please know the facts before sounding off!
Now that looks like a lady who enjoys a good time. Frequently.
My Other Brother Darryl
PS - Notice the hair clip in ready reserve on the purse strap. Always prepared.
Mr. Mike Honcho, I'm with you on this one.
One of the few times in recent history I agree w/ WK. The two-faced hypocrit Gingrich will get the Repub. nomination. And it may well be exactly what the Dems. want. What better argument is there than to use the "Family Values" and "moraly bankrupt" argument against the guy who condemned Jim Wright for making questionable $ while being speaker (which is why Gingrich got booted) and then condemning Clinton for the Lewinsky affair while he (Gingrich) was doing the same thing at the same time WHILE HIS WIFE WAS IN THE FREAKIN' HOSPITAL!!!
9:42 -
Too late!
http://www.thesun.co.uk/sol/homepage/news/3967502/Tatt-poo-for-cheating.html
Check this out
Airline business is an oligopoly (industry dominated by a few major players). This makes their fare prices controlled by the market. (if the fare from Dallas to LA is $300 on Delta and United, AA can't charge $350 even if they want to or need to because no one would buy) If you can't control your revenue, your profits or losses are impacted by operating expenses (primarily jet fuel and labor costs). They got squeezed.
Everybody knows I changed my name to Rage right ?
Obama pulling a Perry and refusing to debate? I don't think so.
With either a Mormon or an adulterer to vote for, Republicans will stay home.
Rage
Herman Cain being drug behind a pickup truck with a logging chain just proves that liberal weenies do not want a true black President.
Mzchief, Did you start taking stupid pills too? You used to be so intelligent.
I bet the three Wall Street guys that won the lottery really chaps the OWS Obammypods asses.
Wow... today's randy girl has some cushion for the pushin.
I think I saw her in a "Cash for Chunkers" video; hot, if that's your thing.
Don't tease us with the lightweights; just go full on BBW for the randy girl.
The employees have already given back to un-American already. If they had agreed to those contracts un-AA could/would of still filed for bankruptcy abd the employees could have lost twice.
Once bitten,twice shy baby!
I read this morning,I believe on WFAA that they may be forced to join with US Airways. Forced is a funny word to use since rumors were flying over the summer about AA buying that airline.
BTW- Belo is biased to the hilt considering how much advetising AA does with them.
Goob - Too many Democrat constituencies would jump ship if Democrats ever campaigned on family values and moral bankruptcy. The Democrat party has made its living destroying families and promoting moral relativism.
Having said that, Gingrich does have baggage, which Republicans are taking into consideration. (Incidentally, the IRS investigation determined that Gingrich's "$" were not questionable.) To be rid of Obama, Republicans will be willing to stand in line to vote, regardless of the nominee.
Fat-ass ugly chick AGAIN? Geez, BG... sometimes I think you've got it bad for the typical Wise county gal.
9:37 agree but it takes a rocket scientist not to vote for Obama.
Democrats and Liberals are far from rocket scientists.
I wonder how much of that 600 million a year AA is crying about is actually the price of the unpaid seats that employees and family members can utilize with the fly free benefit?
"Having said that, Gingrich does have baggage, which Republicans are taking into consideration."
Sure they are, in a "It's OK if we do it" kind of way. But if a Democrat has an affair, they come unglued and talk about how immoral Democrats are.
Like you're doing.
239 - I'm not sure where you got the "It's OK if we do it" message. You want to clarify that?
I love me some meat-and-tater type of gal.
WK - I hereby "clarify" you to be the smartest not-so-clever person ever. Some days you make a little sense, but today I find you digging way too deep to find some logical reason to vote for this guy who has more dirty laundry than a Chinese cleaners in L.A.! Did you know he gets paid $1.3 million to be a historian? I bet he's laughing all the way to Bank of America!
BA HA HA HA HA HA HA HA HA HA HA!
3:25, You forgot to mention also that Newt can't give a speech without notes or a teleprompter.
Wordkyle: your not so smart...
http://youarenotsosmart.com/2011/08/21/the-illusion-of-asymmetric-insight/
and
http://youarenotsosmart.com/2011/06/10/the-backfire-effect/
from "you know who"
I would vote for Castro before I would vote for Obama.
Dear "you know who": You're not so original.
June 2011.
July 2011.
September 2011.
SWA is more heavily unionized than AA. They make record profits. Managements fault, not the workers.
Obama in 2012! Oh please put Newt on the ballot! Better yet Bachman!!! Anyone but Romney!
Castro politics are more in line with Republican values anyway.
RON PAUL 2012!
RON PAUL 2012! Ha Ha! might as well be cheering on the Wizard of Oz. Like it will really happen.....
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