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
Actually 1.1 Billion EBIT
End the year with approx $5.4 billion in unrestricted liquidity and will maintain that level of liquidity for 2010 while paying down a little over $1 billion in debt.
-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
This is the asset backed financing that is included in the deal and the aircraft would be used as GROWTH aircraft.
-Flight Ops has proposed a GUM base, but has not been approved. If approved, award will be in the May/June AE.
I am not so sure that they committed to the May AE, they did say that network has proposed the base but they need to ensure that the flying will be for at least 18 months
-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. Jan, Feb, March 2011 timeframe
-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
All Saab's will be gone in next two years
Network will limit 50 seat RJ's to shorter range
Better performance in the merger synergies than originally forecast
Currently seeing better RASM than anticipated
Bullish on 2010 and if economy maintains, look for international expansion in 2011.


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."