Originally Posted by
WGTruth
You're naive to believe management's spin. WG has few customers and very little flying. The credit rating agencies have taken notice and published their opinions for all to see. You should believe what they say:"Relative to a larger air cargo airline Rand Parent (Atlas Air; BB/Stable), WGA faces higher liquidity risks with its revolver fully drawn and greater operational challenges to compete for pilots. WGA also has weaker credit metrics than Atlas." Note that Atlas is rated as STABLE while Western Global is characterized as NEGATIVE WATCH.
Planes parked on the ramp undergoing "heavy maintenance" in the sun? That's a tough sell. I think the head of marketing did the best he could with this fact: "WG is exploring new opportunities worldwide." It was the owners greed that lead to this crisis.
A picture is worth a thousand words! See previous post.
Right now, Atlas has 23 planes in the air. Kalitta has ten. Western Global has zero. It seems the cargo downturn has hit only one airline very hard.
Truther, I am trying my best to sound respectful, but you do sound like a broken record and a mudslinging former employee, because if you were not it would be very surprising for you to still be at this company with everyone hiring. Again, no one is denying that business is slow and times are challenging. If you deny that there is an overcapacity in airfreight resulting in a business slowdown, you clearly spend more time watching flight trackers than reading airfreight related news. If mudslinging is what makes you happy, enjoy your time LOL.