They are in the contract, so you are gonna have to live with them. Whats really fun is getting one and seeing how many in base guys check your line..

UA's plan is to use the 787 to fly direct to Chinese secondary cities. Our plan apparently is to KLMize Shanghai. That's what I was referring to.

Introduce an extra connection on a Chinese airline. Brilliant!

What could possibly go wrong?

"Those that do not learn from history are doomed to repeat it...."

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While I have owned a couple of cats I am a mono hull sailor at heart. When it comes to the Charter market its not really fair to compare a 43 foot mono to a 46 foot cat. The mono will charter for half the cost and sell for half the price. You would compare a 46 cat to a 50 to 56 monohull. 4 Couples will be just fine in a 53 monohull and won't be tripping over each other. They will probably pay less for the boat also.
Cats are without a doubt the charter boat of choice however if you want a mono there are plenty available in all size ranges. In the BVI draft is not much of a issue.nif your going to sail the Bahamas a CAT really makes sense. You can sail all day there and not see a 2 digit number on the depth finder!

Those that lived history know it took the company years to "negotiate" a pay cut with the pilot group, whereas profit sharing requires no negotiations if the profits dry up.

CH11 sucked, profit sharing was schmuck insurance, it's finally paying nicely, but anyone who thinks that the profits will remain in the 4 billion plus range in perpetuity clearly haven't been around long enough.

Until clearly proven otherwise, history repeats itself, and those that think otherwise somehow are always socked by this reality.

You're absolutely right that anyone who thinks that the profits will remain in the 4 billion plus range in perpetuity clearly haven't been around long enough. Profits will go even higher.

We are now in a new age through consolidation. A down year means "only" $1-$2 billion in profit vs $5 or $6 billion.

Remembering the past is important, but having the vision to see how vital consolidation has been for this industry is much more important. Ask any Delta pilot that held on to their company issued stock.

You're right, a more fair comparison would be about a 50' mono and a 40' cat, those usually charter for about the same rate. Even then, most non-sailors on the charter will prefer the cat for the lack of a companionway ladder, the galley at eye level with the action, and more accessible cabins (not to mention lack of heel). I personally like to feel a boat heel when it loads up... the big cruising cats feel slow to me even at 8 knots, and they don't point well. Tacking through 110 degrees just doesn't cut it when you're trying to get somewhere...no wonder those twin diesels get so many hours on them! But with 11 people in the Abacos, it was no contest. I took the cat into some pretty shallow cuts at mid-tide (Treasure Cay, Little Harbour) and there's no way I would have got any mono with a draft over 5 feet in there.

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If you are on an aircraft that flies to yellow fever destinations (DKR, ACC , LOS) then the yellow fever shot is mandatory. You can apply for a waiver however for medical reasons or if you're over age 60. Without the yellow fever vaccination you will be unable to bid for those destinations requiring it.

Yellow fever is also making a comeback in South America and the mosquitos that carry it are found in the Caribbean and North America too.

As an interesting side note: if you had yellow fever as a child, you are immune. Sort of like the mumps. Except with a higher mortality rate. Adults who get yellow fever have an extremely high mortality rate.

Profits will undoubtedly fall and rise - you are absolutely correct here. What confuses me is that we are only negotiating a deal for about three years.

The profit forecast for this time frame is very good.

Why monetize PS now? Why the rush with rising profits? We can always revisit this next contract.

Scoop