other airlines are paying, but they don t. basically what it is, the union model is so broke, it drives business to be uncompetitive, and then drives business into bankruptcy. wait a minute. will you educate him. southwest is doing well. southwest pays their pilots fairly. southwest is flourishing. they don t charge for baggage fees, everything else. andrea said the rest of the guys went into bankruptcy to scab out the unions. that s the reason they re doing it. we ll turn to another subject. wait, wait, wait. is there a way that management can form unions in order to tell workers what to do? no, they couldn t, because they d have to work if they did. one of the great american legislators has announced today he s going to retire. barney frank from massachusetts, i think, one of the all-time great house members, is out. he mentioned his thoughts about the 2012 presidential election and the munchkins. for those who think maybe this is a signal that you don t think the democ
management, lousy schedules, inferior planes, and they say labor issues. eric will blame the unions of course. i ll go to dana first. dana? you don t think i m going to blame the unions? i certainly hope not. i agree on the bad plane thing. they have some of the oldest planes. if i have to travel american airlines i embrace for the experience. they were trading today at 25 cents. the value of the company is worth $83.3 million, which i think the united states government spends in about half a second. your brother is an airline pilot. is he with continental? yes. what do you think about this? i think airlines have done this before. i think they re following the lead of northwest and delta and united did this before. they do this because they don t want to pay pensions and they don t want to pay, so they scoot out. what s interesting, the executives make sure they get their bonuses. exactly right. you re right, the point about the planes is dead on.
they fly these old md-80s, which can t be helping. today we saw the ceo step down. i wonder if he ll ask for a big bonus. it s not the pilots union because of the railroad labor act. they don t have the power to strike and take these of course not. it s a scab move by management to rip off their money and leave poor laborers there with the pilots make nothing to begin with. they have our lives in their hands, but they have the coolest job. wherever they go anywhere, they go, yeah, i m a pilot. they walk into any bar, no competition. we re heaving out one part of this. forget about the unions, but talk about the fuel costs, that have a lot to do with our environmental policy. we just pushed off the xl pipeline is not going to make flying cheaper, but breaking the contract with the unions cheaper for american airlines. they would save $600 million if they were just paying what the
management, lousy schedules, inferior planes, and they say labor issues. eric will blame the unions of course. i ll go to dana first. dana? you don t think i m going to blame the unions? i certainly hope not. i agree on the bad plane thing. they have some of the oldest planes. if i have to travel american airlines i embrace for the experience. they were trading today at 25 cents. the value of the company is worth $83.3 million, which i think the united states government spends in about half a second. your brother is an airline pilot. is he with continental? yes. what do you think about this? i think airlines have done this before. i think they re following the lead of northwest and delta and united did this before. they do this because they don t want to pay pensions and they don t want to pay, so they scoot out. what s interesting, the executives make sure they get their bonuses. exactly right. you re right, the point about the planes is dead on.
they fly these old md-80s, which can t be helping. today we saw the ceo step down. i wonder if he ll ask for a big bonus. it s not the pilots union because of the railroad labor act. they don t have the power to strike and take these of course not. it s a scab move by management to rip off their money and leave poor laborers there with the pilots make nothing to begin with. they have our lives in their hands, but they have the coolest job. wherever they go anywhere, they go, yeah, i m a pilot. they walk into any bar, no competition. we re heaving out one part of this. forget about the unions, but talk about the fuel costs, that have a lo to do with our environmental policy. we just pushed off the xl pipeline is not going to make flying cheaper, but breaking the contract with the unions cheaper for american airlines. they would save $600 million if they were just paying what the