Visit the pub down the street...plenty of company there.

Atlas Cargo
 

One of the reasons that Atlas has had a drop in business is that it is continually undermining its ACMI customers by contacting the cargo interest who are contracted to its ACMI customer and offering them 'better rates' than those offered by the ACMI operator. Atlas, in Europe and Africa, doesn't know if it is an airline or an ACMI supplier. It offers deals to cargo customers on behalf of its captive partners (TNT, Emirates, etc.) and files fifth freedom applications on the routes operated on AOCs by its ACMI customers. With this kind of sabotage, Atlas is not everyone;'s first choice for ACMI or voyage charter.

So, if you are wondering why business is bad you should know that the same management types that are screwing the pilots are also screwing their customers.This is not likely to improve.

The other side of the equation is that prospective customers are not inclined to book their cargo, especially perishables, with a carrier whose pilots might soon be on vacation. Just as passengers would be reluctant to buy tickets on a pax carrier under like circumstances. Besides, Atlas stock (CGO), down at $3.45/share, is close to "junk" status on Wall Street.
:(

Just how low does the stock have to go before they are in the zone for a takeover?

I doubt Mrs Chowdry would sell at such a loss...

Hints of a buyout would raise the stock price substantially!

From today's NY Times:

To the Editor:

"The Impossible Demands on America's Airlines" (Week in Review, June 16) leads to an inescapable conclusion: The American airline industry must undergo structural reforms to continue playing a vital role in our economy. To continue the low fares and ubiquitous service that customers demand, airline labor costs, which can reach 40 percent of operating expenses, must be realigned.

The major obstacle to this is the Railway Labor Act of 1926, which saddles labor and management with cumbersome dispute-resolution procedures that provide no practical mechanism for reducing labor costs. Even in the best of times, the act leads to acrimonious negotiations, including threatened strikes and strikes.

For airlines to stop limping from crisis to crisis, and for the public to be well served, part of the solution must include reform of the arcane Railway Labor Act.
NEIL GOLDSCHMIDT
Washington, June 20, 2002
The writer was secretary of transportation, 1979-80.

Rick Schuyler was offered and accepted a 40% raise at the shareholders meeting that was picketed by his pilots two weeks ago. Yet he continues to cry "poor mouth", refuses to look for any new business, and refuse to give his pilots any kind of pay raise. I agree with GTI 001 I can't wait to shut this company down.

For those requesting an example of pay, a 3 year -400 F/O makes just under 43,000 USD a year, while working (away from home) as many as 340 hours per month (the average worker in the US is away from home for work about 160 hours per month).

Rick Schuyler made $440,000 USD last year plus 5.2 million in "other compensation" and 5.2 million in stock options. (source is YAHOO financial) All this while the stock nosedived from around 45.00 USD per share to less than 4.00 USD per share at the close of the market Friday. Why is he still employed at Atlas?

None of the pilots want to see this company close. However, we have not recieved a pay raise in the 9 years of this companies existance, the work rule are **** poor and the retirement is non-existant. All the while, the robber barrons that run the place are reaping the rewards of our labor. Are we pissed off ? YOU BET are we willing to strike ? YOU BET Do we care if the company sinks? not as long as Schuyler and the rest of his Lorenzo clones are at the helm

Beaver Driver, when you and your colleagues interviewed for employment with Atlas, were you not aware that none of Atlas Air's contracts were with US airlines, and that they operate long haul international flights?

If so, you don't have a leg to stand on with the points made in your post. If not, I have a bridge in Brooklyn that's just come onto the market ... ;)

Schuyler's stock options are worthless with stock at the present level. He only makes money if it increases in value - not decreases! :rolleyes:

I can't understand why, if you are as unhappy as you claim, you don't simply quit? If you reckon you can do better, why not form Beaver Air?

C M Burn
 

Mr Burns;

Guess you have no idea what stock dilution and management accountablity is!

Mr C.M. Burn,, Under This CEO.....
 

Atlas Air under the leadership of Ricky Shuyler, Atlas Air has gone from $28.00 to $3.00usd per share, a loss of some 800% and $925,000,000.00usd of shareholder equity value with current float of 37M.

Perhaps he should choose a different profession.

Intruder
 

Ricky and gang have substantial "Golden Parachutes" in place to make such effort "very costly" to host.

The parachutes were put in place under the guise of preventing the pillage of Atlas Air.

Perf Init, you need to brush up on your maths. A loss of 800% of value would be $224 per share. What you really mean is that they lost 89% of their value. Heaven help you if you were my FO doing the W/B and you came out with something like that!!

In large part, the drop in value of the shares are attributable to:

- Death of Mike Choudhry
- 9/11
- Parking aircraft, due to 9/11
- Loss of contracts, due to 9/11
- Inability to utilise the aircraft due for delivery, due to 9/11
- B744 too big for most markets, due to global recession
- Strike threats by crews.

Unless you're claiming that Ricky is really OBL, then the events of 9/11 are completely outside his control, as is the recession.

All that you guys are going to achieve is a whole load of GSS-type offshoots around the world, and no US crews operating them. People have been telling you this on here and elsewhere for years and you've been ignoring it.

Tough.

Burning math
 

So what do you calll a price change from $3.00 to $28.00 ????????????? An 80% gain.......not quite !!!! Better stick to your nickel and dime.

You don't care if the company sinks.....well that's a bit extreme no?...sure your leaders are a bit unconvincing, but sinking the whole lot is not going to hurt them as much as it will hurt you...for sure...anyway good luck, and let's hope for an 11th hour reprieve here....:eek: :confused: :( :(

Perf Init - if you're talking about the value of the shares increasing from $3 to $28 - then that's a 933.33% increase. But we aren't talking about increases in value, are we?

I don't suppose you had anything to do with the fueling of a certain Air Canada 767, did you? ;) :D

747400CA, a frighteningly coherent grasp of the issues at stake here, my compliments Sir. Are you available for consultation?

Just hearing from Atlas Air pilots that the strike will indeed occur starting 28 June. Any info from Atlas employees?:(

I will say I told you so right now.

You WILL be replaced. Replaced by hungry, 747 wanna bees. Ta Ta Union and ALPO.

ITYS

And I hope you enjoy your job at the "new" Atlas. A company so wretched that it moved the pilots to this drastic action. I hope you enjoy it there because it will be the best you will ever do.

Must not think much of yourself or your skills, eh Box_Mover?

The rest of us think even less.

============================================================ ================
================
DON'T COMPARE MY JOB TO OTHER JOBS
Lot has been said and written in the press concerning pilots' salaries and compensation. We have been told about how much it will cost our company, our job has been compared to others, and various subtle and not so subtle threats and intimidation tactics have been hurled at our group. In light of the current situation, please allow me, a pilot to give you a small glimpse into my world...

DON'T COMPARE MY JOB TO OTHER JOBS
..How many boardrooms explode over Long Island Sound?
..How many meetings conclude with hundreds of dead bodies?
..How many trucks cost $82 million dollars?
..How many doctors spend half the month away from their families?
..Do the children of media representatives cry when Daddy puts on his uniform to go to work because they know he'll be gone for a week?
..How many salesmen lose their jobs because they have high blood pressure?
..How many lawyers spent Christmas alone in a crash pad?
..When your wife is watching TV an the program is interrupted by a news flash of an aircraft accident, does she momentarily freeze in fear for what she might hear?
There is not another profession in the world where the consequences for mistakes are so catastrophic and unforgiving.

THE PRICE
..I pay the price when somebody loads full oxygen containers in the cargo hold
..I pay the price when a terrorist has a bone to pick
..I pay the price when loaders forget to set the locks
..I pay the price when engineers design a fuel pump not quite correctly
..I pay the price when Mother Nature decides to shift the winds...

YOU SPEAK OF THE COST
..Ask the CEO of Value-Jet the cost of a DC-9 buried in the Everglades...The Cost..
..Ask Fred Smith the cost to scrape a DC-10 and MD-11 from the runways at Steward and Newark...The Cost
..Ask Korean Airlines the cost of a 747 that didn't quite make the runway at Guam... The Cost
..Ask Fine Air the cost to clean up a DC-8 off a Miami Street... The Cost
..Ask Bob Crandall the cost of a B-757 impacting a Columbian mountain...The Cost
..And if not for their Cool, Calm, Professionalism, what could have been the cost of a UPS B-727 that suddenly
went dark and silent four miles above Chicago? How much were they worth to you that night? Industry standard or 25 % below? ...... The Cost

WHEN YOU TRY TO INTIMIDATE ME, REMEMBER
..It was I who flew Cobra gunships in the jungles of Vietnam while you worked on your masters degree

..It was I who sits alone at the tip of an F-18 in the silent instant before I am catapulted over a cold, dark sea, while you slept peacefully in your bed

..It was I who, one night watched my wings grow heavy with ice, miles from the safety of the nearest airport praying that I had enough fuel to find clear skies, while you watched Monday night football

..It was I who flew a C-130 into Panamanian gunfire, while you decorated
your Christmas tree in 1989

..It was I who faced head-on the fourth largest army in the world over the
deserts of Iraq and brought it to its knees, while you watched it on CNN

..It was I who landed an A-6 on a floating piece of tarmac no bigger than
your backyard, while you mowed yours

..It was I who orbited in unarmed tankers over enemy territory to
replenish others sworn to protect you

..It was I who watched missiles and bullets blossom in my face, yet didn't
turn and run, while you watched the flowers in your garden blossom

..It was I who buried a friend

..It is I who knows a little boy who will never play catch with his Dad,
so that you may play with your grandchild

Sir, please don't try to intimidate me.

I am not your enemy, I am your asset, an asset that has experienced and accomplished things few others dare to try. Realize this and there a few obstacles we can't overcome.

Author Unknown