Originally Posted by
7576United
Looking at CAL's finances, they're not in any better shape. They have major debt due next year, and it looks like the banks have said 'enough', thus the reason Kellner was shown the door.
I think Kellner was shown the door since he was so adamantly OPPOSED to the merger option. Since he didn't go along with what the BOD felt was best for us........(you know, the minister and others who are so "in the know" about airline stuff), he was kindly told to take his toys and go play in another sandbox. When Kellner said a while back he wasn't interested in merging with UAL, the whole company breathed a sigh of relief. Since he's announced his retirement, the whole company is in total disaray and everyone is scared to death. Decisions are being made that make NO sense, and no one seems to know what direction the company is going in nor do they seem to care. It'll certainly be interesting to see what drops next.............