Any "Latest & Greatest" about Delta?
12-06-2011 | 03:27 PM
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From: B757/767
12-06-2011 | 03:36 PM
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12-06-2011 | 03:38 PM
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From: 747-400 Captain
Carl
12-06-2011 | 03:44 PM
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From: 747-400 Captain
I think that the ulcer that is burning a hole through his esophagus eminates from the knowledge and fact that in the future, ex-TWA pilots will be receiving large checks for career damages from ALPA.
Thus the insults.
Not making yourself very distinguished here slow. We can all see right through you.
Thus the insults.
Not making yourself very distinguished here slow. We can all see right through you.
Carl
12-06-2011 | 03:51 PM
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From: 747-400 Captain
What a statement. The one thing I agree with is your statement by Sun Tzu. Why don't you read the whole book and find out the rest of his theory. What Sun Tzu said was that you need to know more than your enemy and you need to understand both the shape of the battlefield and the shape of your enemy. That takes study and thought. Not fantasy, but real work.
Carl
12-06-2011 | 04:12 PM
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I hate to see Carl so worked up all the time! Hey Carl tell us about the good old days when the FA's were hot and pilots were gods!
12-06-2011 | 04:33 PM
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sailing...you aren't one of those guys checking for stickers are you??
12-06-2011 | 04:37 PM
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From: 747-400 Captain
How do I know exactly what long term debt American has and Carl has to read some stupid number out of the Fort Worth Star Telegram. I have no special talents beyond the average Delta pilot. I take the time to read financial statements, I take the time to listen to company webcasts all of them not just Delta, I take the time to study the industry and not just read the dreck on Motley Fool and Seeking Alpha or in the general business press. I merely went to Edgar, pulled up the last quarterly statement from American and read the number. It took me about a minute.
Not only that but I helped take the time to try to educate my fellow pilots about how to read these documents and what the underlying information means. This is studying the battlefield and knowing the enemy. If the average Delta pilot takes the time to read and understand these documents then they will have a better understanding of their negotiations than most union leaders in most other labor groups. Here is what is funny, we write a paper to show Carl exactly how to read what a company's long term debt is and he whines about how his expectations are being managed. Then when he tries to pontificate about debt at American, he can't even find out the real number. Irony at its best.
Not only that but I helped take the time to try to educate my fellow pilots about how to read these documents and what the underlying information means. This is studying the battlefield and knowing the enemy. If the average Delta pilot takes the time to read and understand these documents then they will have a better understanding of their negotiations than most union leaders in most other labor groups. Here is what is funny, we write a paper to show Carl exactly how to read what a company's long term debt is and he whines about how his expectations are being managed. Then when he tries to pontificate about debt at American, he can't even find out the real number. Irony at its best.
All data available on the respective corporate balance sheets as of 9/30/2011:
Total Assets: DAL = $43.0 Billion, AMR = $24.7 Billion
This makes AMR about 43% smaller than DAL. In other words, you need to multiply an AMR datapoint by 1.74 to make it comparable. For example, take AMR assets of $24.7 Billion and multiply it by 1.74 and you get DAL assets of $43 Billion. Now, lets start the comparisons:
Total Liabilities: DAL = $41.8 Billion, AMR = $29.6 Billion. Multiply $29.6 Billion by 1.74 and you get $51.5 Billion. That's $10 Billion more liability than they should have compared to Delta.
Long and Short Term Debt: DAL = $14.5 Billion, AMR = $11.7 Billion. Multiply $11.7 Billion by 1.74 and you get $20.4 Billion. That's $5.9 Billion more Long and Short Term Debt than they should have compared to Delta.
Delta Assets = $43.0 Billion, Liabilites = $41.8 Billion. $1.2 Billion LESS.
AMR Assets = $24.7 Billion, Liabilities = $29.6 Billion. $4.9 Billion MORE.
This is why I assert that AMR is where they are (bankruptcy court) because of a debt problem. NOT a lack of Joint Ventures and code share as alfaromeo asserts.
Again, all data readily available on the web if anyone wants to check it out for themselves.
Carl
12-06-2011 | 04:41 PM
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12-06-2011 | 04:44 PM
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From: 747-400 Captain
Carl
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