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UPS Airline / Gateway
Pilots - Here we go!
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<blockquote data-quote="susiedriver" data-source="post: 72412" data-attributes="member: 1848"><p>OK2b,</p><p></p><p>The stock tanked soley because of the press release put out by the IPA. Today should have been a neutral, at worse, day. FDX was downgraded (didn't help us), but UPS entered into the S&P100. Transportations as a whole were down, but not as badly as UPS & FDX.</p><p></p><p>I have been following the pilot's negotiations as best as possible. From the conversations on the pilot's board, and some of the usual assine comments made by management there, I can't say as I blame them. Four years is a long time. Perhaps you remember the debacle in the air operations last peak? Decisions made by management cost the company (and the share price) big time. The pilots went the extra mile to help bail the company out, I wouldn't look for that this year. </p><p></p><p>I would anticipate the pilots asking to br released from mediation, and entering the 30 cooling off period. That would put a possible work stopage a week before Christmas. It's a pretty gutsy move on their part, but I've never seen a group so united before. It will be interesting to see how the Teamsters react, not only the drivers, but the mechanics. Personally I see the drivers not standing by the pilots, which is a shame, but the Teamster airline mechanics giving them full backing.</p><p></p><p>As I stated in a prior post, I think UPS would be wise to pony up and give them the contract they deserve. I know that attitude is not shared by many, especially in management, however the pilots are by far the safest, most profitable arm of the company, and deserve a contract that reflects that.</p></blockquote><p></p>
[QUOTE="susiedriver, post: 72412, member: 1848"] OK2b, The stock tanked soley because of the press release put out by the IPA. Today should have been a neutral, at worse, day. FDX was downgraded (didn't help us), but UPS entered into the S&P100. Transportations as a whole were down, but not as badly as UPS & FDX. I have been following the pilot's negotiations as best as possible. From the conversations on the pilot's board, and some of the usual assine comments made by management there, I can't say as I blame them. Four years is a long time. Perhaps you remember the debacle in the air operations last peak? Decisions made by management cost the company (and the share price) big time. The pilots went the extra mile to help bail the company out, I wouldn't look for that this year. I would anticipate the pilots asking to br released from mediation, and entering the 30 cooling off period. That would put a possible work stopage a week before Christmas. It's a pretty gutsy move on their part, but I've never seen a group so united before. It will be interesting to see how the Teamsters react, not only the drivers, but the mechanics. Personally I see the drivers not standing by the pilots, which is a shame, but the Teamster airline mechanics giving them full backing. As I stated in a prior post, I think UPS would be wise to pony up and give them the contract they deserve. I know that attitude is not shared by many, especially in management, however the pilots are by far the safest, most profitable arm of the company, and deserve a contract that reflects that. [/QUOTE]
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