More ABX Furloughs?
05-10-2007 | 03:57 PM
#5
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Joined: Jun 2006
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From: furloughed...again(#6!)
Mgmt is claiming the furloughs are cost-savings generated. 155 positions being axed. Of those there are only 55 people losing their jobs, the other positions are open now. 10 pilots axed.
Are you sure about the 47%, that sounds a little high. ACMI biz is going to be seriously picking up. Each new 767 (5 acmi 767 now, 12 by the end of the year) add .03 cents per share to revenue.
pilotjones, I have heard other people have had the same experience. This furlough could be a mgmt tactic to try and strong arm-from what I am hearing it is going to come back and kick them hard...
Are you sure about the 47%, that sounds a little high. ACMI biz is going to be seriously picking up. Each new 767 (5 acmi 767 now, 12 by the end of the year) add .03 cents per share to revenue.
pilotjones, I have heard other people have had the same experience. This furlough could be a mgmt tactic to try and strong arm-from what I am hearing it is going to come back and kick them hard...
06-01-2007 | 04:07 AM
#7
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Rollndadice states..."Are you sure about the 47%, that sounds a little high. ACMI biz is going to be seriously picking up. Each new 767 (5 acmi 767 now, 12 by the end of the year) add .03 cents per share to revenue."
Highroller...
Can you clear up the "5 acmi 767 now, 12 by the end of the year"?
Isnt every 767 at ABX an acmi airplane?
Highroller...
Can you clear up the "5 acmi 767 now, 12 by the end of the year"?
Isnt every 767 at ABX an acmi airplane?
Last edited by MuseumDriver; 06-01-2007 at 04:08 AM. Reason: quote didnt capture
06-01-2007 | 04:15 AM
#8
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http://www.bizjournals.com/columbus/...tml?from_rss=1
"ABX said Wednesday it's first-quarter profit plummeted 47.3 percent to $4.3 million, or 7 cents a share, compared with $8.1 million, or 14 cents a share, a year earlier."
"ABX said Wednesday it's first-quarter profit plummeted 47.3 percent to $4.3 million, or 7 cents a share, compared with $8.1 million, or 14 cents a share, a year earlier."
06-02-2007 | 08:07 AM
#9
Gets Weekends Off
Joined: Mar 2005
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I'll speculate on rollndadice' comment: ABX has 4-5 767's on non-DHL flying now. The remaining 767's that ABX has on order are available to DHL, but not at current ACMI rates. So ABX is planning to put those aircraft into non-DHL service. That would be a total of 12 767's on non-DHL ACMI and 30-31 on DHL ACMI by the end of 2008 with current planned deliveries.
06-03-2007 | 10:31 AM
#10
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Thanks Speed...
I was a little confused by the use of "acmi"...
Latest rumor just heard today is that Joe Hete is going to take 10-12 airplanes over to Asia and operate as "ABX holdings", either DHL or Astar is to purchase the balance of the operation...
Keep in mind this is total rumor... supposedly there is some sort of deadline in the 3rd week of June.
Our union guys have mentioned some sort of "large transaction" is slated to take place around the end of June... No one seems to know good or bad or much else.
I was a little confused by the use of "acmi"...
Latest rumor just heard today is that Joe Hete is going to take 10-12 airplanes over to Asia and operate as "ABX holdings", either DHL or Astar is to purchase the balance of the operation...
Keep in mind this is total rumor... supposedly there is some sort of deadline in the 3rd week of June.
Our union guys have mentioned some sort of "large transaction" is slated to take place around the end of June... No one seems to know good or bad or much else.
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