FlyerTalk Forums - View Single Post - UA's Viability / Financial Future due to the COVID-19 Era [Consolidated]
Old May 14, 2020 | 9:01 am
  #842  
txhyattlvr
 
Join Date: Aug 2007
Posts: 1,164
Originally Posted by spin88
Um, like no. Parker got bailed out at America west/US air by pilots who fought and fought and fought and so never to a new contract and were paid far less than they otherwise would get. Then the AA unions stupidly signed on with parker and some financial wheeler dealers to takeout AA's management. None of these "wins" was based upon a better business plan or building a great business.

AA has great assets, and they have under performed with them (sort of like UA) while service levels have suffered badly, meanwhile Parker has loaded up the company with debt and used the money on stock buy backs (paying back those who go him control of the company).

I don't think that Parker is at Smisik level of incompetence/over his head, but the consequences are highly likely to go from "under preforming" to "liquidation"

That’s like saying the Patriots only win because they cheat and Bellechik doesn’t deserve any credit. A win is a win. I realize there’s a personal visceral animosity towards Parker. I really don’t have any stake it in either way, I’m just pointing out the fact he’s still there.
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