00:20:52.400But I can assure you that that airflow is happening like this.
00:20:55.960So that is actually near the level of the filters we have on the recirculating part are at the same level, the HEPA level of a surgery room.
00:21:05.980And we're just lucky that it was designed that way originally.
00:21:08.980So the irony is the airplane is actually one of the safer places to be around a group of people.
00:21:15.520So, but, you know, we didn't take that as a, hey, so we don't need masks.
00:21:26.460But when we started that, people started to fly and come back and they didn't have one case that they could trace back to, oh, there was a massive spread on an airplane.
00:21:37.140And believe me, we were holding our breath on that, no pun intended, about please let this not happen on this airplane.
00:21:43.900Because I was out there flying, I remember going out to New York and we had like four or five people, ended up talking with them, a couple doctors and some nurses going out there to do their work.
00:21:54.360Walking through the airport when it was empty, I remember walking through Miami doing a piece with ABC saying, very uncomfortable.
00:22:01.280And now I have to wait in line for a Starbucks.
00:22:09.620So, so the bottom line, your, your awareness of your surroundings and what's being done is important because we want to assure, especially passengers, customers like yourself and executive that we've got your back on this.
00:22:24.640And, uh, as pilots, uh, we're watching that too.
00:22:28.260We don't just get through the cockpit door and go, okay, that's all we're in charge of.
00:22:31.460We're making sure that, okay, it was the airplane taken care of.
00:22:34.200Hey, it just came in from a Caribbean destination.
00:22:36.940Did it get its full cleaning and our flight attendants as well?
00:22:40.120So, um, not only because we have our bodies on that airplane too, but you know, when you, when you have your family traveling, you hand them over to me literally and metaphorically, you're saying, this is my life treasure.
00:22:51.980And I have kids who can damn sure bet that I'm going to do everything in my power.
00:22:57.040And not just from a commercial sense, but from the, the, uh, moral and, and, uh, professional obligation I have as a pilot, the wings that are on my chest are not just there for optics.
00:23:07.680They're, they're tattooed on everything we do.
00:23:10.780When's your birthday, by the way, I have a guess of what month your birthday is.
00:23:14.020And I'm just curious, when is your birthday?
00:23:38.460It's my weird math side that I try to see if there's any connections between personalities of, you know, how the individual is organized, systematic, you know, detail or a little bit more personality, not paying attention to details.
00:23:54.000So, anyway, that's just my whole thing.
00:24:19.700Um, and, um, I, I'm a school teacher by education.
00:24:23.560Um, and I taught in the air force, of course, flying.
00:24:25.740Uh, but, um, uh, I taught for three years as a high school, junior high school, uh, math teacher until flying came back around.
00:24:32.160So, uh, um, yeah, numbers, uh, but numbers that connect to human beings.
00:24:37.740And just like you referenced this, the Boeing 737 max, uh, those tragedies, those two aircraft and the reasons that it happened, connecting that story, um, first as pilots, we wanted to process it.
00:24:50.020Why didn't you tell us this was on the airplane and all, all the things that many people are aware of, but being able to tell that story in a way that, that, um, someone couldn't come along like Boeing say, Oh, it's very complicated.
00:25:06.600That important connection with other human beings to say, yeah, it looks like a magical thing.
00:25:13.600This pilot, all these knobs and all that, but we can get it down to it's, it's pretty basic here.
00:25:18.620Um, so, um, that the trait as it is in any business, your ability to convey what you do or what your product is or how this can enhance, uh, what your business is doing, um, is, is, is key.
00:25:36.600Uh, going back to a couple of things in regards to, uh, uh, travel with, uh, where we currently are.
00:25:44.160So, uh, uh, I saw a survey the other day on CNN, it said 63% of Americans believe, uh, uh, vaccination, uh, passports ought to be mandated, right?
00:25:55.200Now I'm not asking your opinion on that.
00:25:56.840What I'm asking you is, is there anything you have as being the spokesperson of a union, 15,000 members, where it is leading towards a direction where we're probably going to see all the major airlines wanting to see a passport when we get on a flight?
00:26:11.560Or you're saying, I don't know if that's going to happen.
00:26:14.660Well, we're reviewing the news changes all the time, particularly what we're focused on is our, our, we have some airlines, I think United said all employees have to get vaccinated.
00:26:22.160And we, we have some 65% of our pilots are vaccinated.
00:26:26.840I happen to believe it worked for my family, but we have affirmed that it's, we believe it's a personal choice.
00:26:31.360And our CEO, Doug Parker, even affirmed that the other day saying that, look, we, we, we haven't, we actually have a letter of agreement that will, will compensate you for getting the shot or get you off the flying after you, when you recover from the shot, there's 48 hours of pilots.
00:26:46.340So, um, that's where we are at American as far as our passengers and what they're going to need to travel.
00:26:51.140You know, we just want to make sure they're safe.
00:26:54.680There's a smaller country down in South America.
00:26:56.540The name escapes me who just the other day said, starting on X date crew members coming in, we'll have to be vaccinated.
00:27:02.080So now we're going through the, uh, those pilots who have those trips at the moment, uh, being pulled off those trips if they're not vaccinated.
00:27:08.980So, um, you know, it's a, it's a new space, um, but we can't forget who we are, regardless of your opinion.
00:27:15.220And as a union, we represent, uh, the 14 to 15,000 pilots.
00:27:20.020Each of them, uh, have a personal choice on the vaccine.
00:27:23.420And, um, our job is to advocate for whether you want to get it or you choose to make that decision otherwise, um, and ensure it's terms of employment.
00:27:32.440Um, and you have to talk with the union about how that would be executed.
00:27:35.660So as far as passengers go, you know, I'm going to speak from a business side.
00:27:38.980Anything that gets people to fly and they want to fly and they feel safe, let it roll.
00:27:43.480That is not an affirmation of a vaccine passport, but we want people to feel safe and comfortable traveling.
00:27:50.620And, um, um, you know, whatever ideas are out there, we're going to, of course, process them.
00:27:55.240But, uh, you know, we may have an opinion on them or not on that one.
00:27:58.720We're just going to let the folks that have the authority to, to run through it.
00:29:00.340I, I, I know we, we saw that up to 200 or 300 more per month for their medical.
00:29:05.100If they're not vaccinated, uh, that's the Delta choice, um, you know, to, to, to maybe fight the Delta variant.
00:29:11.060I know they don't like to align those things, but Hey, the alphabet's the alphabet, but, uh, um, that's not being talked of at American airlines.
00:29:18.740Um, you know, so, uh, uh, sometimes out of, outside the box thinking, um, well, we'll this, they'll make their choice, but that, you know, that is, that is the challenge in this.
00:29:29.060And yeah, you know, you know, the, the sign of any good deal is when both sides feel like they didn't get just a perfect deal.
00:29:54.780I'm like, well, that's kind of weird to set that up when it comes down to, uh, uh, career wise, like a choice of, do you know the margins of airlines?
00:30:16.220I mean, the, the, the, uh, pre-tax profit margin is, is very, very thin.
00:30:20.780Um, it's a very cashflow intensive, uh, um, uh, business enterprise, no doubt about it.
00:30:26.460Um, but I mean, now I think we might hit some positive, uh, pre-tax margins here in the third quarter.
00:30:31.540You know, the Delta variant didn't help, but it's been negative for years, but even in the best of times, they're in the upper single digits, low double digits.
00:30:41.380So, you know, when we went through this merger and it was like the last major merger, more or less, they talked about rationalizing the space and a re-rate on the space, you know, talking with investors and all.
00:31:09.260It's not, how do you make a million dollars?
00:31:11.680And there was something to do about vesting in airlines and was the opposite of what you think, but it's, um, it's a tough space.
00:31:17.340Um, and it's a narrow margin, but it does have levels of profitability.
00:31:22.400I mean, American on a, on a loan, forget the port portional basis was five to $6 billion of pre-tax profits.
00:31:28.860So, um, and if you look at the brand and the value of the brand and you wonder, okay, that's a pretty narrow, uh, margin, let's say forget the raw dollars.
00:31:36.660If you look at the value of the brand, when they went through, when we went through this darkest of time, all the airlines started trying to generate private capital, uh, loans for their, uh, frequent flyer mile program.
00:31:48.180And they did billions of dollars, 18 billion on American airlines.
00:31:52.000And then they went a step further in an area that I don't understand, although we've spoken with the experts who actually formulate these deals of actually generating capital, uh, loans off of your brand.
00:32:02.800Uh, that may be your space, but I don't understand that.
00:32:05.540You know, I'm more of a touch feel, uh, sort of a guy, but, uh, you can generate how many billion dollars just on your brand.
00:32:11.860That's important to us because your brand is us.
00:32:14.660Your brand is what we do for people safely carrying them, making you want to be an executive, uh, a platinum member at American airlines.
00:32:25.460If you just open your mind, whether it be as an employee, a pilot, a union or a business partner to what is important to your success, I can influence that.
00:32:36.020Um, you know, I, I can't make you do something, but I can make you wish you did.
00:32:46.720I have two other questions for you before we wrap up.
00:32:48.400One of them is, uh, in regards to nine 11, cause I knew you've spoken about that before, but I'll come back to that here in a minute to wrap up the interview with, uh, uh, private jets.
00:32:57.900I, uh, uh, chartered, uh, you know, uh, last couple of weeks, I went all over the place, four different flights and I'm going back and forth.
00:33:04.520And I've talked to one of the guys who bought this plane, you'd have a million dollars and he was a hedge fund guy from Greenwich.
00:33:19.880So that business is taking off right now because some people, if they can afford it, they'd much rather spend the money to have to fly, uh, uh, uh, you know, private, then have to fly commercial.
00:34:23.340Like they're in the, in the travel world, there's not, yeah, you can say first class, fine, AMG, but there's not like you go from 40 to, you know, $120,000 or $180,000.
00:34:35.320Do you guys see something as a competitor coming up that's in the middle between you and charter?
00:34:46.620And, and we watch that because you talked about those passenger numbers and we're elated to see that there's another side of it as a business, uh, professional, you know, there's yield.
00:34:55.440What are you able to charge for those tickets?
00:34:58.740And, and, and that's really what's crushing is still holding back the earnings is, is that ability to charge just the right amount for the ticket.
00:35:06.520But, uh, um, where's that middle ground?
00:35:09.100That's something that, that even working with our flight attendants, because it's the quality of the product.
00:35:14.460I'm in this beautiful first class seat on this very long flight.
00:35:18.060Uh, what else is it providing me versus the amount of money it costs me?
00:35:21.860So, you know, that is going to be a challenge.
00:35:23.680And, you know, our corporate pilots, we know that, uh, uh, the net jet guys, we work, they have a union there too, uh, is part of a subsidiary of Warren Buffett's, uh, uh, holdings.
00:35:33.540Um, so we talk with them, we know their clientele and what they're looking for is fractional ownership, or as you discussed it.
00:35:40.220Um, but I, I think we want that business to grow.
00:35:43.400If that business grows, that means people who make a very healthy sum of money are able to support that need that they have.
00:35:51.120And that just feeds into the pilot profession, more jets flying.
00:35:55.960And that's something we want to see happen.
00:35:58.240Do we want, do we not want those folks on our airplane?
00:36:02.420But there's got to be a common ground that's met and it's going to be met by the supply and the demand.
00:36:09.760And, uh, you know, there's, there's one thing that's for certain.
00:36:12.620If people don't have the money to spend on flying, they won't fly.
00:36:15.960If they don't want to fly, I can't fly.
00:36:18.160Whether it's at the top CEO that buys an, uh, you know, multi-million dollar jet so that he or she can go wherever they need to go on their team.
00:38:03.520And I think you can probably give the technical aspect of this.
00:38:05.920On the one end is, so Afghanistan and what just happened right now with the Taliban and Afghanistan, 75,000, I don't need to tell you the numbers.
00:38:13.540You know, the numbers, $83 billion of equipment left there.
00:38:15.900Some of the stuff we deactivated so they don't have access to, but it's not a lot of it.
00:38:31.860You know, they're saying, well, we have to be careful.
00:38:33.620We have to play from the standpoint of paranoia.
00:38:36.280One, from your perspective, how much, how tougher is it today for a person to do another 9-11 based on, we all know, I think TSA came out in November of 2001, is when President Bush, two months later, started TSA.
00:39:03.620Product data security was faster, et cetera, et cetera.
00:39:06.340How much more confident are you that an event like that cannot happen?
00:39:10.160And how strict is the training today to increase the level of awareness to make sure there's the chances of that ever happening to it is like zero to none?
00:46:37.000We need more leaders like you who deliver their message in the manner that you do because it allows us to sit there and decipher through the BS that's out there and say, look, this makes sense.