Originally Posted by
DeltaPaySoon
Actually, there is a "safe" bet.
Based on what? Your statement is speculation.
The mulit-uniform shops that don't own flying nor bring anything of interest outside of cost brings very little to a management team post bancruptcy
It's all about cost. It always has been and always will be especially in times of desperation.
Post bancruptcy management makes their money by showing growth, performance numbers and happy labor groups. Investors bring in more money when they see this and the stock goes up. The CEO then punches out with stock options as the parachute. It's going back to the "good ol' days" post bancruptcy.
Didn't happen after 911.
That said, keeping as much money in house with wholly owned properties adds to bottom lines in SO many avenues not easily seen than by the contracts that nickel and dime (big picture) labor costs. That's just one part of it and not as big as some might think post bancruptcy.
Whether a regional is owned or not has nothing to do with how much money is kept in house. Expenses are expenses and income is income. DAL isn't going to pass on a regional that makes them more money thus putting more cash in their account simply because they want to have their name stamped to a regional carrier. Notice how everyone's been trying to sell theirs lately?
Anderson has already said he's interested in pairing the regionals down "tremedously". I would not feel comfortable at any non-wholly owned company right now. JMHInput
Yes he wants less regionals but he's not going to go inhouse only. He's been trying to sell Comair.