SWA buyout?
02-03-2018 | 08:46 AM
#101
Gets Weekends Off
Joined: Dec 2006
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From: 737 FO
02-03-2018 | 09:25 AM
#103
Gets Weekends Off
Joined: Nov 2005
Posts: 460
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From: Recovering Airline Pilot
02-04-2018 | 06:47 PM
#104
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Joined: Jul 2017
Posts: 27
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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.
Last edited by Tmeister; 02-04-2018 at 06:59 PM.
02-04-2018 | 07:48 PM
#105
Banned
Joined: Jan 2013
Posts: 1,919
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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.
02-05-2018 | 06:19 AM
#106
Line Holder
Joined: Apr 2017
Posts: 55
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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.
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.
02-05-2018 | 06:30 AM
#107
Line Holder
Joined: Apr 2017
Posts: 55
Likes: 0
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.
Looking at the history of commercial aviation this advice is not infallible but it is solid advice in more cases than not.
02-05-2018 | 11:50 AM
#108
Banned
Joined: Nov 2013
Posts: 4,378
Likes: 0
From: 7th green
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.
Looking at the history of commercial aviation this advice is not infallible but it is solid advice in more cases than not.
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