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Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Alaska (https://www.airlinepilotforums.com/alaska/)
-   -   SWA buyout? (https://www.airlinepilotforums.com/alaska/109507-swa-buyout.html)

Baradium 02-03-2018 08:46 AM
Originally Posted by RJs2majors (Post 2518872)
I think he's referring to VX. Anyone can go out of business or go bankrupt but VX was rapidly approaching top of one of those lists. Don't hate me. I don't work for eskimo anymore.
It's a SWA guy addressing a former AirTran SWA guy. He's talking about AirTran.

PCL_128 02-03-2018 09:24 AM
AirTran was pulling in record profits at the time. Bankruptcy wasn’t even a minute possibility.

PCL_128 02-03-2018 09:25 AM
Originally Posted by UNSUBSCRIBE (Post 2472602)
Why would anyone want to get bought out by SWA and get Air-tranned.... no thanks


Don’t worry. What happened to us at AirTran can only happen if your pilot group has no spine. Just stand up for yourselves, insist on arbitration, and you’ll be just fine.

Tmeister 02-04-2018 06:47 PM
Originally Posted by PCL_128 (Post 2518910)
AirTran was pulling in record profits at the time. Bankruptcy wasn’t even a minute possibility.
Actually, their profit margins were shrinking considerably and their aircraft orders were being deferred. They grew services in Milwaukee, Atlanta, Baltimore, Orlando, and a few smaller stations but quickly ran out of new markets to grow in. In 2007, AirTran posted a net profit of $52.7 million (despite losing $2.2 million in the 4th quarter of that year). In 2008, they posted a net loss of $273.8 million. AirTran’s net income in 2009 was $134.7 million. In 2010, their net income was $38.5 million. Southwest’s intent to acquire AirTran was announced in the fall of 2010, and the actual acquisition did not occur until May of 2011.

Jetlife 02-04-2018 07:48 PM
Originally Posted by flakester (Post 2518526)
yes... all very true. This is the business we have chosen. But when your little airline is about to go bankrupt, and you are acquired by the most the stable, profitable airline arguably in the history of commercial aviation, just shut the hell up and acknowledge your good fortune.
Somebody loves the smell of their own farts...

TripleCrank 02-05-2018 06:19 AM
Originally Posted by ZapBrannigan (Post 2517962)
Nobody has a crystal ball.

Anyone’s company can go bankrupt.

Anyone’s company can be merged or acquired.

Anyone’s domicile can be downsized or closed.

Anyone’s seniority list can be impacted by management decisions.

Anyone can be furloughed, and then furloughed again.

Anyone can ride the wave to the top, only to have the airline collapse and find themselves starting over.

No airline is immune. None of us was prescient in our choice of airlines.

This business has speed bumps. If you think you’ll make it through a 40 year career without hitting any, you had best study a little history.
40.... if you think you will make it through 10!

TripleCrank 02-05-2018 06:30 AM
Years ago I was riding in a crew van with a FedEx CA who was less than a year from retirement. He told me “Son, you never know if you made the right choices in this career until you are looking back from retirement. Get on with the first airline that sells tickets under its own name that hires you and settle in for the ride.”

Looking at the history of commercial aviation this advice is not infallible but it is solid advice in more cases than not.

Packrat 02-05-2018 11:50 AM
Originally Posted by TripleCrank (Post 2520374)
Years ago I was riding in a crew van with a FedEx CA who was less than a year from retirement. He told me “Son, you never know if you made the right choices in this career until you are looking back from retirement. Get on with the first airline that sells tickets under its own name that hires you and settle in for the ride.”

Looking at the history of commercial aviation this advice is not infallible but it is solid advice in more cases than not.
Sometimes you don't even know then. My Dad was retired from UAL when they dumped his pension to the PBGC. Some senior Whale guys went from $100K plus to PBGC max of $44K. Talk about sucking.

Slim6890 02-05-2018 04:49 PM
Alaska & Jetblue....
 
https://www.forbes.com/sites/tedreed/2018/02/05/will-alaska-and-jetblue-merge-some-day-2018-provides-some-early-indicators/#524b60640cf2

Av8rRr 05-12-2018 06:22 AM
It’s been awful quiet around “AS” recently... has anyone heard any good rumors about a merger / buyout?


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