Originally Posted by
fuzzball
The problem with ignoring facts when you say things is that you lose all credibility. Please explain to the audience how a $77 million dollar profit can be described as "bleeding?"
https://newsroom.hawaiianairlines.co...around-in-2003
Exactly one airline was bleeding cash, and that's not my opinion, that's the opinion of the DOT and the SEC.
If you were on the Hawaiian BOD, would you let the managers who had created a smoking crater out of a once great airline slide over and manage yours? I didn't think so. 40 year old -200s and a couple of -700s and losing 80+million to an all-new fleet and running a profit post 9/11? They'd have been sued for lack of fiduciary responsibility to protect their shareholders.
Honolulu Star-Bulletin Business
Scroll down to the 2003 stat:
Aloha Airlines: From beginning to bankruptcy | The Honolulu Advertiser | Hawaii's Newspaper
Signing out on this one. You're forcing me to relive sad memories about friends going through hard times, but I couldn't sit here and let you misinform people unfamiliar with the historical facts.
Whoa... hang on a sec there with them fakenews...
Hawaiian most recently went into Chapter 11 in March 2003. Why would a profitable airline go into Chapter 11?
Aloha’s first bankruptcy happened in December 2004.
And the objection wasn’t that Zander wanted to run the combined airline, but rather Greg Brenneman who along with Gordon Bethune was instrumental in turning Continental around.
In March 2003, Hawaiian Airlines filed for Chapter 11 bankruptcy protection for the second time in its history. The airline continued its normal operations, and at the time was overdue for $4.5 million worth of payments to the pilots' pension plan. Within the company, it was suggested that the plan be terminated.
We were also hiring furloughed Hawaiian pilots at Aloha. Why were they furloughed if they were so well off?
And no, they don’t have a monopoly on the sad times in that period.