Originally Posted by
DAWGS
I think MGT is wanting to see the direction AMR turns over the next several weeks before starting our hiring process. IMHO, just too many possibilities if things went terribly wrong over there. Our team is in delay mode, delay delay delay....till the writing is on the wall.
Of course they are. The place(AMR) is imploding. This will result in the creditors committee push for fast cash. That may come from fragmentation. You do not commit to anything until their is a likely resolution over there. Anything from more cuts of AMR's capacity, fragmentation, merger with one of a few players, or Horton acquiescing to what APA wants are all possible. You do not muddy the waters with new hires, jets, or block hr plans that could complicate a quick transaction. Dal is keeping things very clean right now, credit open, etc so they can move and move quick. Smart business decisions given the volatility that any one of these possibilities would result in for the market place.
I am sure as the day is long that, DAL has done its due diligence on any corporate opportunities that may arise. Our early TA and resultant PWA are a direct result of RA looking forward, wanting to restructure DCI, restructure debt, and have lines of credit agreed to but not taken for any possibilities that may result. It's a prudent business decision, and one he had to make.
Notice no new 76 seaters are on order. SKW owned 50's are going to fly for AMR out of DFW and LAX, but no official statement on DAL's owned 50's yet.