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Originally Posted by OscartheGrouch
(Post 1516489)
Yeah that might have been a good argument in 1934 after the stock market crashed. Now it is just a "business decision" for those who don't think they should ever be held responsible for poor decisions on their part (both individuals and corporations). I have come across too many of my fellow employees who are capable of paying their debts but choose to conduct themselves in ways that would have been considered unethical in 1934. Don't get me wrong, bankruptcy is a tool that should be reserved for those "truly in need" of a "new opportunity."
The Oscar The Oscar |
Amazing how some people think that their,or the company's, XXXX doesn't stink.
If SW ever does really trip there will be a bunch of people there laughing. |
Originally Posted by OscartheGrouch
(Post 1516425)
No. What is amazing is that airlines who go through bankruptcy feel they deserve to keep the slots that could be sold to satisfy creditors and maintain pensions for their employees. Just saying!:eek:
The Oscar Right now the government is costing them millions so the "low fare airline" can get what it couldn't on it's own. |
Originally Posted by R57 relay
(Post 1516508)
Amazing how some people think that their,or the company's, XXXX doesn't stink.
If SW ever does really trip there will be a bunch of people there laughing. I will however never wish for the demise of a company where many of the employees are just trying to make a living.:rolleyes: The Oscar |
Originally Posted by R57 relay
(Post 1516512)
If the government stays out if and the merger goes through I think the creditors and employees will be happy with outcome.
Right now the government is costing them millions so the "low fare airline" can get what it couldn't on it's own. The Oscar |
Originally Posted by kingairip
(Post 1516503)
You're welcome to your own cynical opinions about people's ethics and morals these days. I might even agree with you to a certain degree. But, that has nothing to do with your nonsensical statement that AA should sell their valuable assets to "satisfy creditors and maintain pensions for their employees." That would be more appropriate in a liquidation, not a reorganization.
The Oscar |
Originally Posted by OscartheGrouch
(Post 1516522)
So 69% of the market at a slot controlled airport is a good thing? While the companies and employees might be happy, I would suggest that the flying public will not benefit from that arrangement and that is why the government is looking for some divestitures.:cool:
The Oscar 1) The ability to go nonstop from their small hometown to the capital of our nation? 2) The ability to get a $39 airfare to Orlando when Southwest adds 10 more flights? DCA is a hub. A hub brings a lot of benefits to an airport. And theres nothing wrong with an airline having a hub. If anyone needs super cheap fares for their once a year visit to Florida, BWI isn't far away and has more WN than anyone would ever need. |
Originally Posted by OscartheGrouch
(Post 1516522)
So 69% of the market at a slot controlled airport is a good thing? While the companies and employees might be happy, I would suggest that the flying public will not benefit from that arrangement and that is why the government is looking for some divestitures.:cool:
The Oscar Would SW allow gates and facilities to anyone at DAL or HOU, just to keep things honest? How about jetBlue at JFK or LGB? Parker was right, how much more service does MCO need from the DCA area? And if you do work for SW you should be thinking the big guy upstairs for bungling management of other airlines and the bankruptcy codes. SW has been the main beneficiary of those of US Air. |
Originally Posted by ackattacker
(Post 1515871)
Right, because having 69% of DCA is a bad bad thing. Having more than 70% of BWI is just fine. It's not like they're close together or anything.
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Originally Posted by OscartheGrouch
(Post 1516530)
The point of my posts weren't to argue that AA should sell their assets (slots).
Originally Posted by OscartheGrouch
(Post 1516530)
To hold on to those valuable assets and shed debt (including pensions that were underfunded to begin with) is shielding management from poor financial decisions.
(As an aside, do you see a little irony that a guy that works for SWA is now the vocal champion of worker's pensions? I won't suggest that SWA was the deciding factor in killing airline employee's pensions; but, don't you think they played a significant role in ending pensions?)
Originally Posted by OscartheGrouch
(Post 1516530)
In some cases liquidation is more beneficial to an industry than propping up companies who then continue to make the same mistakes over and over.
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