Originally Posted by
MD80
Dude, get your facts correct. A Midwest F/A wrote Obama.
And BHO wrote Timmay...a waste of postage apparently.
Originally Posted by
320ToBearz
I know you RAH'ers don't like facts but......
FACTS
Midwest MADE money from 1Q/2006 up till the acquisition from TPG (3Q 2007). At the time of the acquisition we also had about $170 million in unrestricted cash (this is why AAI's offer included a $170 million cash option). Now they are a private company and can fudge the numbers all they want. From the time of the acquisition till 1Q 2008 I am sure we still made money. We started losing money with oil starting to shoot up in 2008, along with EVERY airline but Allegiant.
I think 4Q07 (or was it 3Q?) was when they assessed the expenses for the Skywest start-up. Actually, they said Skyway operated at a huge loss because it bought all of the ground support equipment (getting ready for the new mission of Skyway
). I think this grand scheme was budgeted to cost $15M. In classic TH style, he was way off his mark.