Originally Posted by
Bucking Bar
Slow,
The point remains that a merger would be bad for at least half the pilots on the Delta list.
History shows you can't make that assumption. ALL Delta pilots were better off wtih the DAL-NWA merger when compared with their non-merged peers during the same business cycle. While speculative, I contend that neither the standalone NWA or DAL business plans would have worked out well for junior pilots in light of oil prices, tsunami's and volcanic eruptions. Without the $2 billion in merger cash from AMEX and the timing of individual debt service of both pre-merger companies, in my view there would have been substantial job shrinkage at DAL and NWA, just like
everywhere else.
Originally Posted by
Bucking Bar
It would be better to grow organically, as Delta was trying to do under Jim White before the BOD's futile pump and dump (day I was hired DAL was >$21.00 a share, on day after merger announcement DAL <$8.00) Bottom line, if this Company can not grow, then it can't make much out of a merger either. Organic growth is cheaper over the long term.
Can you name one thing that Jim Whitehurst did besides Velvet Grope?
He talked a great game telling each employee group what they wanted to hear, then doing nothing except change his story for the next group. He was also a big Kolshak promoter. But he sure was an effective negotiator for the company at the Paris Air Show...
Originally Posted by
Bucking Bar
What did Air France / KLM get for their three quarters of a Billion dollars? ($750,000,000.00) A feeder?
I'm not following you here.
