Originally Posted by
zoooropa
The second time was in June 2011. RAH had lost $55 million in just a few months, by design. They shifted a bunch of orphaned RJ's over to the F9 balance sheet and made us a cost center for the holding company. The RAH BoD had a choice of recouping their investment by just sinking F9 and ridding themselves of a bunch of bad RJ's or extracting concessions and recouping their investment via profits. They chose the latter and F9 lived to fly another day. It is really a miracle that we are still in business.
I was following this train wreck from the sidelines and can't believe RAH chose the latter either. I wonder what F9 management/negotiators said to survive...those people did outstanding work!
Last edited by gooddeal; 07-23-2014 at 01:00 PM.
Reason: Apple strikes again