Originally Posted by
etflies
You took flying at a loss to mean they're going to divest one entire certificate and a chunk of another?
You took "Those losses cannot continue" to mean we'll keep all of them in our fleet? You're in for a rude awakening very soon.
Not to feed the troll, but if that did happen, wouldn't getting rid of the props and some 900s put Pinnacle at a disadvantage?
Of course it would! But Phildo specifically under-bid the ATL 900 contract thinking it would only be a shoe-in and the rest of the flying gained from Delta would make up for it. That never materialized. The same thing with Colgan's Q operation. It was underbid, and bid based on wage rates of Colgan pre-JCBA. Now the labor rates are much higher and we pay for the fuel of the Qs and Saabs. The money coming in is not eualing the expenses to operate the props.
And no, cutting them wouldn't put us at a disadvantage, in fact, it would give us an advantage by increasing net liquidity $ of the company. Selling off assets raises money.