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Old 2nd Dec 2011, 14:46
  #101 (permalink)  
Spooky 2
 
Join Date: Mar 2007
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The blame game doesn't mean a hill of beans from here on out. Place all the blame you want at management, no one that matters is listening. Case closed. What happens now is the BK court will round up what's left and parse it out to the secured and unscercured creditors. Estimates have the secured creditors receiving ony ten cents on the dollar so that should give you a hint where the unsecured creditors stand. Since the employees usually wind up as unsecured creditors in these deals, they will continue to take it in the shorts. Don't know if embracing that last contract offer would have made a difference or not but one thing you can bank on is that nothing now or in the AA pilots future will ever enable them to recover what is about to be lost. For those that complain about the age 65 rule, you can be assured that 95%+ of the pilots from here on out at AA will continue on to that age. Most pilots are simply not able to take a 2 million dollar hit on their retirement and move on as if nothing happened. This is a watershed event in every AA pilots career and a devistaing one at that. Life goes on, but nothing like what might have been had this BK not occured. The sooner one stops pointing the finger and gets moving on with his or her reduced expectations, the better their lives will be. Cross your fingers that AA does not simply vanish from the scene as others that have gone before it have done.
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