Originally Posted by
keenster
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You guy are Incredible. THE great aquirers. Just throw people under the bus. Here are some facts for you.
Delta is in much worse financial shape than Northwest. NWA's profit margin is the best in the industry -- 6 percent -- while Delta's is around 3.5 percent. NWA's balance sheet has $3 billion in cash, the best of the top seven carriers and double what Delta has. With a huge balloon debt payment due in 2009, Delta's motive to take our cash is clear.
Now let's talk productivity. Unionized NWA beats Delta hands down. According to U.S. Department of Transportation statistics, NWA has the lowest number of employees per aircraft at 82. The industry average is 101. Delta has 107 employees per aircraft, and they are basically nonunion. NWA employees historically have always been the most productive in the airline business. Who said unions hurt business?
As for the NWA pilots, the Minnesota public needs to know that the union's merger committee adjusted its proposal three times to get a deal and the Delta pilots never budged from their position. At the seven-year point only 300 original NWA pilots would be left in the top 2,000 pilots. Delta pilots would be flying all the international widebody airplanes. That is why the talks broke down.
We NWA line employees do not want Delta and we do not need Delta. Only the NWA management team does.
Another fair deal
keenster
Wow, according to Keenster NWA should be unstoppable as a stand-alone carrier - I feel for you guys getting stuck with debt-ridden, inefficient DAL. So what does your management know that you dont? I guess NWA stock is going to take off any moment now, any moment...... now, any moment.....now..., maybe not.
Scoop