Oh yeah, Here's one for ya!!!

http://3.bp.blogspot.com/_9-WUAtWcR1...ls-jerseys.jpg

It's now going to be real interesting to see CALs numbers on the 21st, as well as Uniteds on the same day.

They all have hot bodies, #12 is the only one with a cute face...

I'm more interested in ours. Given that we are twice the size in revenue as some of these carriers, any similar loss would be greatly magnified in scale for us. I read where the analysts are forecasting around a 27 cent per share loss. The others have been in excess of $1 per share loss or are forecasted to be around that. From a stock standpoint, we'd better hope they're right. Any loss above that would make the analysts and brokers think we aren't managing the merger well and the stock will take a hit. From a company standpoint, we could be looking at losses in the high hundreds of millions of dollars if we miss the estimates.

I'm willing to concede some of the write downs have been due to merger related issues, but the main number we are all interested will be cash on hand. Did it remain the same, increase or go down. Like ACL has said, there is a magic number with cash on hand that we will have to remain above. The good news is we have more cash than the rest.

Interesting how all the hype about the BIG 15th announcement has disappeared from the board

Come on Bar, give it up already. You guys were saying that all NWA pilots were going to stay until 65 so the pull and plug idea was just horrible. Now it's almost a wash after one PRIP.

If the arbitrator hadn't done pull and plug, DAL southies would REALLY be celebrating today. Don't hate the arbitrators because they were fair. ;)

Carl

My, My......you sure are picky aren't you!!!

Credit Squeeze
 

This is an interesting except from a WSJ article two days ago.


Burning Cash

Pinched capital lending remains a problem for airlines trying to maintain or build cash balances as they're burning cash. Only Southwest has an investment-grade credit rating, and Moody's Investors Service has negative outlooks on eight of the nine biggest U.S. airlines.

Reflecting pessimism about autumn bookings, Southwest last week launched one of its biggest fare sales ever, offering one-way tickets for as little as $30 starting in September, when demand historically tails off. "A recovery doesn't appear to be on the way yet," said Laura Wright, Southwest's chief financial officer, in an interview.

Fuel prices, which a year ago shattered records, are now at about $60 a barrel, $10 below the June 2009 average. But carriers' savings on one of their top expenses aren't enough to offset the plunge in demand, even though airlines have slashed the number of seats they're offering.

"The sheer collapse in unit revenue is pretty much unprecedented," said Bill Warlick, an airline bond analyst for Fitch Ratings.

Mr. Warlick recently cut the corporate credit ratings of Delta and United, pushing them deeper into speculative territory. While Delta has a relatively strong $5.3 billion in unrestricted cash, the company faces scheduled debt maturities of roughly the same amount before the end of 2011. Delta's ability to maintain its liquidity at current levels depends on improved credit-market openness and industry stabilization in 2010, Mr. Warlick said.

Delta declined to comment.

United, with about $2.5 billion in cash, must meet more than $650 million of debt and lease payments later this year and more than $1 billion in 2010. With this "unsustainable" capital structure, United may have trouble raising a large amount of fresh capital in the near term, Mr. Warlick said. United declined to comment.

Some carriers may have no choice but to seek protection from creditors this winter, when cash flow typically dries up. United, American and US Airways are the most vulnerable among large carriers, according to credit-rating agencies and Wall Street investment houses.

Since I'm from north of the mason-dixon line I guess I shouldn't be picky. :D

[quote=Carl Spackler;646140]Come on Bar, give it up already. You guys were saying that all NWA pilots were going to stay until 65 so the pull and plug idea was just horrible. Now it's almost a wash after one PRIP.

If the arbitrator hadn't done pull and plug, DAL southies would REALLY be celebrating today. Don't hate the arbitrators because they were fair. ;)

Carl[/quote

Ohhh, please Carl. Give it up. I wanted to rant in response, and then I decided that CRM was a better idea.