Another big loss on "outsourced" flying, although this is own own subsidiary, so the losses are all ours.
HEBRON – The Kenton County Airport Board will buy the former Comair headquarters from Delta Air Lines for $4 million.
Officials said the move positions the Cincinnati/Northern Kentucky International Airport for future growth and helps diversify its revenue streams.
The airport board voted Monday to buy the three-story, 188,000- square-foot facility, which is located on the south side of the airport and has been vacant since January. The sale is expected to be finalized this fall.
Now, lets see how much the Airport Board flips the property to the TSA for.
New on the HLN Channel, "flip this Airline Headquarters."
But this should be viewed for what it is, an ABSOLUTE STRATEGIC FAILURE by Delta management. They paid $2,500,000,000.00 for Comair, took a $600,000,000 strike, then got mad about that and decided to outsource their own subsidiary's work, destroying the value of their own asset. The real cost of this mismanagement is over 10 billion when the cost of the airplanes are included. WHERE IS THE OUTRAGE?
How different would our contract be if we had $10 billion sitting in the bank?
For you senior guys that think "scope does not matter" what about the idiotic things our management does to take advantage of what we allow? Our airline works harder at trying to figure out how not to fly, than it does running a good operation. The result is the loss of billions.