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Originally Posted by 2millionquest
(Post 17951733)
He comes off a bit cocky and brash, but Wall Street looooves cocky and brash.
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Originally Posted by elitetraveler
(Post 17951437)
Actually its stupidity. The message should be AA management is open to combinations that strengthen its position. AA is a premier brand in the aviation world and while we believe we can go it alone, we also understand that there could be opportunities to grow via merger or acquisition. Under my leadership I will always look at all options that secure AA's future for investors, employees and customers.
But right now AA is fighting for it's life. You don't merge in bankruptcy, you get bought out. And then you become part of US's LCC model. No thanks. |
Originally Posted by DillMan
(Post 17951207)
I'll stage an Occupy DFW protest if US comes anywhere near AA.
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Actually I rode US for the first time post merger recently, in F SEA-PHL. I must confess, it wasn't bad at all.
Those comments from Horton are, in a word, dumb. He's in no position to burn bridges, even if it is Doug he's talking about. |
Originally Posted by ty97
(Post 17951772)
I'm sure AA is open to combinations - on their own terms post-bankruptcy.
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I hope it doesn't occur as a US Elite, the hub mismatch is one huge issue, the focus on domestic versus international another. It will be exceedingly difficult to get these new pilots and FAs onboard as the post-merger integration is still an issue (ask a US flier what East-West is). Picking up the European, Asian and LatAm routes would be nice, but not nice enough to justify purchasing AA. It would make a lot more sense for US to simply try and acquire the routes they want like was done by various carriers before when rivals when bankrupt. That and they might consider acquiring any jets and gates that they want. Having worked in M&A the chance of post-merger success is small.
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Originally Posted by elitetraveler
(Post 17951502)
I mean at least he could say, "We would like to merge with our key JV partner IAG as soon as we can convince the government on the benefits of allowing majority shareholding by foreign entities."
BA has had three key U.S. partners - first was their Marketing Marriage with UA, followed by their investment in US and then AA, which they seriously considered ditching at one point for CO. If AA can't right its ship why wouldn't BA look for more stable alternatives? I think Horton and crew perhaps take for granted that BA/IAG will always be there unless A) they are a strong, profitable carrier or B) they are in fact part of IAG.
Originally Posted by demkr
(Post 17951753)
Wirelessly posted (Mozilla/5.0 (iPhone; CPU iPhone OS 5_0_1 like Mac OS X) AppleWebKit/534.46 (KHTML, like Gecko) Version/5.1 Mobile/9A405 Safari/7534.48.3)
Rude and unprofessional. Profitability in Tempe vs unprofitability in Dallas.
Originally Posted by elitetraveler
(Post 17951907)
They haven't said that. Tilton and Grinstein both made it clear they would look at combinations that made sense.
"AMR Corp (AAMRQ).’s American Airlines plans to exit bankruptcy as a stand-alone carrier and would consider making acquisitions afterward, Chief Executive Officer Tom Horton said. " http://www.bloomberg.com/news/2012-0...ut-merger.html |
Originally Posted by futurectdoc
(Post 17951919)
I hope it doesn't occur as a US Elite, the hub mismatch is one huge issue, the focus on domestic versus international another. It will be exceedingly difficult to get these new pilots and FAs onboard as the post-merger integration is still an issue (ask a US flier what East-West is). Picking up the European, Asian and LatAm routes would be nice, but not nice enough to justify purchasing AA. It would make a lot more sense for US to simply try and acquire the routes they want like was done by various carriers before when rivals when bankrupt. That and they might consider acquiring any jets and gates that they want. Having worked in M&A the chance of post-merger success is small.
IF AA can pull it off and come out of it, there is really nothing to gain from an alliance with US and the issues that you outlined above may wind up sinking both of them!! In my humble opinion, you don't have to be #1 - you have to be the best and put out a product that people are willing to buy!! Can AA do that?? Anyone's guess... |
Originally Posted by Jacobin777
(Post 17952016)
AA has indeed said that. "AMR Corp (AAMRQ).’s American Airlines plans to exit bankruptcy as a stand-alone carrier and would consider making acquisitions afterward, Chief Executive Officer Tom Horton said. " http://www.bloomberg.com/news/2012-0...ut-merger.html "Henry Harteveldt, an aviation analyst with the Atmosphere Group, called Horton's remarks "unnecessarily arrogant." But he did say that American is serious about not merging. "Mr. Horton and his team absolutely want to see American remain independent. American doesn't want to be asked to dance," Harteveldt said." Read more here: http://www.charlotteobserver.com/201...#storylink=cpy |
Horton is dead on the mark. I applaud what he said. Everyone who is bagging on him are asking him to be like Arpey. You want a serious leader? There you go. He has said in no uncertain terms "This is what we are going to do, and this is how we are going to do it." For all you people that pine for Crandall, well, that's exactly what he would have said being handed a bankrupt airline.
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Originally Posted by gegarrenton
(Post 17952136)
Horton is dead on the mark. I applaud what he said. Everyone who is bagging on him are asking him to be like Arpey. You want a serious leader? There you go. He has said in no uncertain terms "This is what we are going to do, and this is how we are going to do it." For all you people that pine for Crandall, well, that's exactly what he would have said being handed a bankrupt airline.
Crandall and Arpey/Horton IMO have little in common at least so far. I do think if Crandall had ever taken AA to Chap 11 he would have gone to a $1 salary - just as a show of solidarity - did Horton do that? Anyway, nothing very innovative that has come out - no two-tier labor structure, no innovative twists of frequent flier programs, no innovative flying plans, no innovative ancillary revenue strategies, at least so far. |
The attitude has change. Arpey is a mild mannered wall flower. Horton is a confident go getter.
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Originally Posted by gegarrenton
(Post 17952211)
The attitude has change. Arpey is a mild mannered wall flower. Horton is a confident go getter.
While he may be "fired up" according to the Dallas Morning News blog, I'm not sure the 1 in 7 employees who will be going or the 6 in 7 who will be staying are quite as pumped up. |
Originally Posted by elitetraveler
(Post 17952255)
Agreed on that. Unfortunately he doesn't seem to have anything new to say and certainly he has done nothing that would engender support from the troops.
While he may be "fired up" according to the Dallas Morning News blog, I'm not sure the 1 in 7 employees who will be going or the 6 in 7 who will be staying are quite as pumped up. |
Originally Posted by gegarrenton
(Post 17952266)
It's early days, and he certainly needs a concrete plan. I am more confident now that will come. Time will tell.
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