Originally Posted by
wjcandee
You probably know better but 7 seems high. There are currently 13 with one of those maybe leaving. Six others were re-leased and exported, and one was WFU and is now a parts donor. Of the 13, six are dry-leased to Amazon plus one operational spare, one military, two currently DHL (probably going to 1), and 2 used on other stuff. So that seems like 12 of the 13. Still, of course, plenty of growth opportunity if the Superfund site of workplace toxicity is ever abated...
WJC;
The problem is that the ABX employees are stuck with a management leadership that is not tuned to the reality of the market. The ABX upper management is still thinking it’s 2009 and they are asking for concessions. They are masking those concessions by offering a modest pay increase and then demanding a give back that equates to 1.5 times the offered pay increase. What are they smoking?
On a side note, it’s interesting to see that Joe H has not dropped the title of CEO of ABX Air. I wonder what that means. What is your take on it?