Originally Posted by
flyguy1
I missed the first 45 minutes, but here are some of the highlights of the meeting.
-1.5-1.9 Billion loss in 2009
-250+/- million profit in 2010
-In 2010, Atlantic will be down 4-5%, Domestic up 1%, Latin up 9% and Pacific up 2%. (Only Latin made $ in 2009)
-LGA DOJ approval should happen anyday
-LGA growth will start in May, and remaing growth in June and July
-Applied for DTW-Sao Paulo
-Parking 50 RJ's this year
-If JAL goes through, 16 MD90s will more than likely be a part of the deal
-Flight Ops has proposed a GUM base, but has not been approved. If approved, award will be in the May/June AE.
-Most training for current AE will be done by June. Remaining training will be after summer.
-Currently fat on pilots, but we will barely have enough to get us through July peak in flying. No plans for hiring this year, maybe next year.
-Our plan is to grow by 5-6%, but oil could affect all plans. Business model has oil at $87. If it goes above that our LC competion hurst sooner than we do. We can recoup about 35% of the oil rise through fare increases.
-Not concerned about Air Tran in MKE. It means less flying out of ATL...good for us, and more flying siphoned from ORD/MDW....bad for UAL/AA.
-757-300 will be flying less to HNL and more hub to hub.
-DC-9 and 757-300 will be deployed in small doses to ATL
The last hour turned into a bit of a gripe session, but it was pretty tame.
My overall take was "we have a plan right now, but we are ready to adjust as the economy and oil change."
No hiring this year? What a let down! However, pretty much everything else is encouraging!
I think a lot depends on this JAL deal. I guess we will see slow steady long-term growth if the deal goes through. If it falls, we might see short-term agressive retaliatory growth...IMHO.