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Posted by twaokc (Member # 664) on :
 
been had TWA and America West had been given a chance.

PHOENIX -- US Airways and America West are combining their operations to create the first nationwide full-service, low-cost airline.




The nation's seventh and eighth largest airlines said they hope that combining the two geographically distinct carriers with a history of financial struggles will create a stronger, single carrier. It will operate under the US Airways name.

Their goal is to better compete with lower-cost rivals such as Southwest Airlines and JetBlue.

America West Holdings chief executive and president Doug Parker said the deal "builds upon two complementary networks with similar fleets, closely aligned labor contracts and two outstanding teams of people."

Parker said it's an opportunity to strengthen their business "rather than waiting for the industry environment to improve."

US Airways president and CEO Bruce Lakefield said the merger will accomplish the objective of ensuring US Airways' longterm viability and security of its employees.

US Airways has twice gone into bankruptcy in two years. It also has slashed worker pay by $1 billion and shed $3 billion in pension obligations.

The goal of the Virginia-based airline was to reinvent itself as a low-cost carrier.

America West -- based in Tempe, Ariz. -- has hubs in Phoenix and Las Vegas.
 
Posted by Subsonic Transport (Member # 2139) on :
 
Over the years the one thing that I always thought would have been a good fit for TWA was to acquire/merge American West for westward expansion and Airtran for a east-southeast expansion while keeping STL and JFK.

I spoke with a USAir agent the other day about the merging the seniority list. He said they plan just merging the list as is. No stapling like AA.
I think this merger has a chance to work.

Back in December when all hell was breaking loose for USAir I said to one agent that if you guys can keep it together and get your cost down you have an advantage over Jetblue. Although jetblue is making substantial headway USAir standing on its own has a bigger network. With America West it's even bigger. If they can keep going and achieve the cost stucture needed to compete with the LCC's I truly believe that USAir can kick JB right in the APU!

I wish you guys all the luck in the world.
 
Posted by chrispy (Member # 2242) on :
 
Excellent post, I think a merger that will work starts with people. Stapling has nothing to do with people just greed and short-sightedness of the future. Having to work side-by-side and rely on people you have shafted only spells disaster and bankruptcy. I think there is a better chance of having Al Qaeda and the people that hate them throwing a surprise party for Barbara Bush.

Oil and water should be the name of any airline that staples.

chrispy
 
Posted by Flight Planner Jim (Member # 1235) on :
 
Stapling is not part of a merger. It happens when one company BUYS another.
And saying that working with someone who shafted you is BS. That person didn't DO anything. They worked for the acquiring company, period.
You people get brainwashed by the people whose wages you pay.
 
Posted by chrispy (Member # 2242) on :
 
Excellent post Jim

The only part I disagree with is the part about paying other peoples wages. I'm unemployed and have been since July 2003. I was hired by TWA in 1995. The bright side is that I'm only 1472 numbers from recall and will be able to get recalled probably before my 60th birthday-sometime in 5-7 years from now.

I forgot to add, the management of the acquiring airline "snowed" us with , we promise a fair and equitable merging of seniority lists and my favorite, Two Great Airlines, One great future.

I agree with you that the employees didnt do anything to us. Except the acquiring employees and their unions decided how to integrate the seniority lists, not management.

So when the acquiring employee was in high school, when you were hired, who now has your job, didnt do anything wrong (period), except for architecting and voted in favor of the staple job, I wont hold it against him.

Thanks for your post and insight, I guess I should look at things from other angles.

[ 09-24-2005, 21:01: Message edited by: chrispy ]
 
Posted by Flight Planner Jim (Member # 1235) on :
 
Thanks Chrispy:

I understand how you feel, working for a company and giving your all only to find out that you get the dirty end of the stick.
The only way to guarantee against that kind of situation is to be the owner of the company.
A public company's first obligation is to the owners (stockholders).
I started with TW in 1969 in NYC and it was a bumpy ride all the way.
That was before de-regulation and if there was a strike by one of our unions we were guaranteed to make money. What a weird situation.
I really do wish more people at AA would stop blaming their fellow employees originally from AA for their own plight.
The saying "if life deals you lemons, make lemonade" fits well here.

Jim
 
Posted by chrispy (Member # 2242) on :
 
Weren't we an employee-owned airline with seats on the board.
 




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