Any "Latest & Greatest" about Delta?
I wish you were right about the last statement, but dalpa has already shown they lack the testicular fortitude to back pilots when they actually do fly the contract.....so not sure how much leverage the pilot group would be able to put forward when your backers are about as solid as milk toast.
I hope we don't have another one of these on our hands.
Sadly, there seem to be a few of these lingering in our representation structure. Some even post here. Imagine that.
BTW, the structure is fine, the lingerers are not. This is not a Donut endorsement.
Last edited by TheManager; 06-23-2014 at 12:28 AM.
Gets Weekends Off
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You bring up an interesting data point. American has 17 billion in total debt.
Delta has 9.4 billion in adjusted net debt.
American was able to put up better profit numbers while servicing a little less than twice the debt Delta has.
It is considered unwise actually to carry the amount of cash American has. (Think the beach boys my northern bros) It has a better use than sitting in a bank. If they paid down 8 billion in debt tomorrow and carried the remainder in cash they have almost identical debt and cash on hand numbers to Delta.
They have some integration costs to consider though going forward. That being said, they are able to generate incredible revenue even still.
They will be a strong number one for some time.
Delta has 9.4 billion in adjusted net debt.
American was able to put up better profit numbers while servicing a little less than twice the debt Delta has.
It is considered unwise actually to carry the amount of cash American has. (Think the beach boys my northern bros) It has a better use than sitting in a bank. If they paid down 8 billion in debt tomorrow and carried the remainder in cash they have almost identical debt and cash on hand numbers to Delta.
They have some integration costs to consider though going forward. That being said, they are able to generate incredible revenue even still.
They will be a strong number one for some time.
Time will tell who is right but if jet fuel spikes above 4 a gallon we will be in a difficult position relative to airlines that modernized their fleets.
Gets Weekends Off
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I wish you were right about the last statement, but dalpa has already shown they lack the testicular fortitude to back pilots when they actually do fly the contract.....so not sure how much leverage the pilot group would be able to put forward when your backers are about as solid as milk toast.
If that happens then demand may drop and prices may have to drop and UCAL and AMR will have to pay for those modernized fleets plus deal with their large 50-seat fleets with less revenue. We have a less expensive fleet to maintain on routes where revenue would take the largest hit.
I've heard it said on the missions they run the 88 fleet even with old engines is pretty cost efficient.
I also remember prior to 9/11 how CAL had this new fleet and all these newly leased airplanes while NWA and DAL had old fleets. 9/11 happens and Bethune hit the panic button real quick, if felt like they were operating with maxed out credit cards. It was not an enviable position.
I could be wrong.
Straight QOL, homie
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From: Record-Shattering Profit Facilitator
How much negotiating capital was squandered and time wasted by dithering and accepting the company steamrolling our contract? Firm resolve and direction was what we needed. We got it...from management.
Doesn't bode well for C15. The company knows Dalpa will roll over when steamrolled.
Clearly you are not referring to the pilots who had the lost pay from their reserve PDs fully restored and any record of missed assignments expunged, so to whom are you referring?
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I am going to bet, imho btw, that we'd do alright in that situation. Not only because of Trainer but because if oil prices spike this weak economy is probably going to crash some more.
If that happens then demand may drop and prices may have to drop and UCAL and AMR will have to pay for those modernized fleets plus deal with their large 50-seat fleets with less revenue. We have a less expensive fleet to maintain on routes where revenue would take the largest hit.
I've heard it said on the missions they run the 88 fleet even with old engines is pretty cost efficient.
I also remember prior to 9/11 how CAL had this new fleet and all these newly leased airplanes while NWA and DAL had old fleets. 9/11 happens and Bethune hit the panic button real quick, if felt like they were operating with maxed out credit cards. It was not an enviable position.
I could be wrong.
If that happens then demand may drop and prices may have to drop and UCAL and AMR will have to pay for those modernized fleets plus deal with their large 50-seat fleets with less revenue. We have a less expensive fleet to maintain on routes where revenue would take the largest hit.
I've heard it said on the missions they run the 88 fleet even with old engines is pretty cost efficient.
I also remember prior to 9/11 how CAL had this new fleet and all these newly leased airplanes while NWA and DAL had old fleets. 9/11 happens and Bethune hit the panic button real quick, if felt like they were operating with maxed out credit cards. It was not an enviable position.
I could be wrong.
Gets Weekends Off
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Example: complete lack of leadership regarding SD's contract-altering memo.
How much negotiating capital was squandered and time wasted by dithering and accepting the company steamrolling our contract? Firm resolve and direction was what we needed. We got it...from management.
Doesn't bode well for C15. The company knows Dalpa will roll over when steamrolled.
How much negotiating capital was squandered and time wasted by dithering and accepting the company steamrolling our contract? Firm resolve and direction was what we needed. We got it...from management.
Doesn't bode well for C15. The company knows Dalpa will roll over when steamrolled.
You know that I am. Those pilots were held hostage (all RES pilots actually) until a time and place of the company's choosing where the company could get what they wanted in return. Surely you are not insinuating that strong union leadership and pilot unity prevented an absolute breech of our contract immediately?
Gets Weekends Off
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I am going to bet, imho btw, that we'd do alright in that situation. Not only because of Trainer but because if oil prices spike this weak economy is probably going to crash some more.
If that happens then demand may drop and prices may have to drop and UCAL and AMR will have to pay for those modernized fleets plus deal with their large 50-seat fleets with less revenue. We have a less expensive fleet to maintain on routes where revenue would take the largest hit.
I've heard it said on the missions they run the 88 fleet even with old engines is pretty cost efficient.
I also remember prior to 9/11 how CAL had this new fleet and all these newly leased airplanes while NWA and DAL had old fleets. 9/11 happens and Bethune hit the panic button real quick, if felt like they were operating with maxed out credit cards. It was not an enviable position.
I could be wrong.
If that happens then demand may drop and prices may have to drop and UCAL and AMR will have to pay for those modernized fleets plus deal with their large 50-seat fleets with less revenue. We have a less expensive fleet to maintain on routes where revenue would take the largest hit.
I've heard it said on the missions they run the 88 fleet even with old engines is pretty cost efficient.
I also remember prior to 9/11 how CAL had this new fleet and all these newly leased airplanes while NWA and DAL had old fleets. 9/11 happens and Bethune hit the panic button real quick, if felt like they were operating with maxed out credit cards. It was not an enviable position.
I could be wrong.
Contrast to 320/737 tend to only be profitable the week/week and a half. Mainly because of the high expense of financing associated with the fleets.
I believe if oil were to spike, trainer would starting bringing in higher returns. I don't really know all the numbers specifically, but I believe the facility was purchased directly for this reason. Offset bottom line losses when fuel spikes.
Personally, I tend to be more concerned with the student loan bubble.
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