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Originally Posted by acl65pilot
(Post 755045)
I agree with that assessment for the most part. Due to the nature and value of the Fifth Freedom Rights absent a Open-Skies Agreement that is ratified buy both governments, we need to do everything we can to keep that hub operational. JAL is key to flow to our flights. It offers more insulation. Also failing in NRT also will cause a need to restructure debt that was very trying to refinance.
Unbelievable. Carl |
Originally Posted by Model Citezen
(Post 755051)
ACL,
You do realize that the SLOT VALUE can be maintained IF transferred to a JV partner (JAL). The routes are being flown, AND you are getting revenue. If the value has been maintained, then the loans are not in jeopardy of being devalued and being subject to more money being injected to satisfy the bankers. |
Originally Posted by Bucking Bar
(Post 755058)
Carl - don't be so hard on yourself. We like the 757's, as long as they can be modified with winglets and reasonably sized ACARS printers.
Carl |
Originally Posted by sailingfun
(Post 755037)
I think more important then if we get JAL or not is what happens to the economy in the far east. At the moment its horrible and yields are off far more there then anywhere else in the world. No one is making money there. If there is not a turnaround fast Delta is going to be forced into a major pullout and possible drop the Narita hub. If that happens we lose a lot of jobs. The entire Narita hub is now on the chopping block. A repeat of the Frankfurt hub debacle is now a real possiblility absent a strong return in yields.
I recently read from some base notes on the Management Base Meetings the "The Pacific is coming back" - Phil Lindsey. 2 Billions in loans are backed with the NRT slots used as collateral. The 787 order is more important that ever.... a plane that is 767 (300/400) in size that is 20% cheaper to operate. The 767's problem is that it needs the RANGE of a 787. The REAL possibility will be JAL doing ALL south and west flying from NRT. Sorry sailing, but I have to agree with FLY4Hire on your post. I have stated that a JV with JAL might not be good for DAL pilots, but good for DAL the corporation. I expect OUR UNION to look out for pilots interests first and foremost. |
Originally Posted by Carl Spackler
(Post 755063)
And all the NWA guys are really good dudes...right Bar? :rolleyes:
Carl Gunga galunga... gunga, gunga-lagunga. On your death bed, you'll pop up like an ice cube out of the tray and go "damn, that Bucking Bar was right !" |
Originally Posted by Model Citezen
(Post 755066)
Sailing,
I recently read from some base notes on the Management Base Meetings the "The Pacific is coming back" - Phil Lindsey. 2 Billions in loans are backed with the NRT slots used as collateral. The 787 order is more important that ever.... a plane that is 767 (300/400) in size that is 20% cheaper to operate. The 767's problem is that it needs the RANGE of a 787. The REAL possibility will be JAL doing ALL south and west flying from NRT. Sorry sailing, but I have to agree with FLY4Hire on your post. I have stated that a JV with JAL might not be good for DAL pilots, but good for DAL the corporation. I expect OUR UNION to look out for pilots interests first and foremost. Carl |
Originally Posted by acl65pilot
(Post 755061)
The total amount of revenue goes down though as we will be sharing it. That will cause the intrinsic value of the slots to decline.
The key is profitabliity......if the slot transfer allows the route to be flown and make a profit..... its not what you earn, its what you keep. You need this airline to be profitable. If they can do that on a lower revenue stream, they will. They will show the bankers that the slot value is still high since it is now generating a profit for the corporation. They might even be able to talk the bankers out of MORE MONEY. (That is a joke) |
Originally Posted by Carl Spackler
(Post 755059)
Very disappointing that you could agree with any part of that assessment. Everything I read talks about how Asia is the future of growth in the world, while Europe...not so much. Other airlines would kill to be in the position of DAL post merger with NWA.
Unbelievable. Carl I agree 100% that the future growth is Asia. I do not think that DAL is as short sighted to pull out of the NRT hub if we do not get the JAL deal. What I am agreeing with is this: Yields are way down. Waaaay down! If the JAL deal fails, we will have open skies likely fail. We then have to deal with our Fifth Freedom rights and the NRT as we do now. Not a bad thing but not a good thing either. If the economy tanks further in that part of the world, I agree with his assesment that we may have to cut bone, that bone would be the lion's share of the NRT hub. (You start cutting non-core business just like the body stops blood flow to the extremities as it fights to survive) If the economy improves, open skies does not happen, we do not get JAL, we will be looking at slots to markets ANA and JAL will serve out of Haneda. Not good for the hub and there is only so long we will play that game, even with Fifth Freedom Rights. We get JAL, and Open Skies happens; We are looking at reallocating who does what, but the slots we use will remain about level. Maybe a little less than now, but they will be long haul flights. We have sustainable flow to these flights and the ability to stay in position for grow as Asia grows. |
Originally Posted by sailingfun
(Post 755037)
If there is not a turnaround fast Delta is going to be forced into a major pullout and possible drop the Narita hub. If that happens we lose a lot of jobs. The entire Narita hub is now on the chopping block.
Originally Posted by acl65pilot
(Post 755045)
we need to do everything we can to keep that hub operational. JAL is key to flow to our flights. It offers more insulation. Also failing in NRT also will cause a need to restructure debt that was very trying to refinance.
This from two of our supposedly "plugged-in" guys. Sounds to me like somebody's talking points for justifying more scope concessions. This week's "Special MEC Meeting" may be worse than we thought. |
Originally Posted by Check Essential
(Post 755076)
Scare tactics followed closely by fear mongering. Impending disaster.
Sounds like somebody's talking points for justifying more scope concessions. This week's "Special MEC Meeting" may be worse than we thought. |
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