Any "Latest & Greatest" about Delta?
There was/is a certain percentage of that. There are also plenty of people who bought homes at the market price that is well above today's values they could afford and then lost their jobs as a result of the fallout of the above impacting companies and businesses and subsequently were stuck with homes they were under water on even with substantial equity and were forced to short or foreclose. These were honest people doing their best and got caught up in the mess created by others and now have the bad credit as a result that as you indicated will further cripple them in recovering their careers and lives. THIS is the real devastation of the housing bust. What do you tell them?
It's too easy to look at the ends of the bell curve and make summary statements about the causes of this disaster. I think the whole story is a lot more grey with a lot of truly innocent victims with repercussions that have rippled throughout society and the perps happily enjoying their ill gotten riches at the expense of the nations future economic well being.
It's too easy to look at the ends of the bell curve and make summary statements about the causes of this disaster. I think the whole story is a lot more grey with a lot of truly innocent victims with repercussions that have rippled throughout society and the perps happily enjoying their ill gotten riches at the expense of the nations future economic well being.
True Dat.
But nobody is really innocent in this. The roots are all in greed. I dont have to go into the corporate greed part, but individuals who were on the fence between renting and buying, bought. Because it will appreciate (or so they thought). Now, people are buying for pennies on the dollar. Its all business, some good some bad.
If you've got cash, today you can buy a lot for your money. You can buy a house for less than half of what it cost to build it...not so in 2008. The problem with money is...what do you do with it today. Really, what do you do with it?
Somebody please define security in today's reality.
What do I google to get more of ukelele girl?
If anyone quotes that Barney Frank picture again, youre on his team.
If anyone quotes that Barney Frank picture again, youre on his team.
I remember thinking in the mid 2000s, at some point a 1 bedroom condo in Hoboken cannot cost a million dollars. Eventually something has to give. But I have a lot of friends who bought townhomes and condos in their mid 20s because conventional wisdom as well as all of the wizards of smart said you're throwing money away renting.
Now these guys are dying paying two mortgages as you can't raise a family in a condo. Just happens. It was in the end the wrong advice. Luckily for me I was a regional pilot, the boom of the early and mid 00s past me over.
Now, I bought a home in 07, kind of at the peak but mine was a fixer upper as it had been owned by a rapper and lived in by his entourage. I could easily pay off the mortgage but I wouldn't have enough for a downpayment on anything comparable.
Now these guys are dying paying two mortgages as you can't raise a family in a condo. Just happens. It was in the end the wrong advice. Luckily for me I was a regional pilot, the boom of the early and mid 00s past me over.
Now, I bought a home in 07, kind of at the peak but mine was a fixer upper as it had been owned by a rapper and lived in by his entourage. I could easily pay off the mortgage but I wouldn't have enough for a downpayment on anything comparable.
Is 80 the guy in the front or back of that pic?
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,999
Back to the L&G on Delta. According to a MD88 LCA, at the last meeting with management ... next quarter will be the most profitable Winter in Delta's history.
IMHO - sets us up well for the discussion of a 100 to 130 seat jet which is supposed to be revisited this year, as well as C2012.
IMHO - sets us up well for the discussion of a 100 to 130 seat jet which is supposed to be revisited this year, as well as C2012.
Back to the L&G on Delta. According to a MD88 LCA, at the last meeting with management ... next quarter will be the most profitable Winter in Delta's history.
IMHO - sets us up well for the discussion of a 100 to 130 seat jet which is supposed to be revisited this year, as well as C2012.
IMHO - sets us up well for the discussion of a 100 to 130 seat jet which is supposed to be revisited this year, as well as C2012.
Time will tell on next quarter's profit.
IMHO, the 100-130 seat jet is already being flown by outsourced labor.
Time will tell on C2012. Our current collective bargaining agent will determine how 2012 goes for us. Expectations are high, we will see.
Can't abide NAI
Joined APC: Jun 2007
Position: Douglas Aerospace post production Flight Test & Work Around Engineering bulletin dissembler
Posts: 11,999
Scambo,
You know my position on our outsourcing. The current crop of 70 to 76 seat jets have roughly MD88 operating numbers per ASM. There will be a niche for them, but as American drops the MD's and leaves us with the highest comparable CASM, the market is ripe for the C Series, or something similar.
The reasons for optimism in 2012 and 2013 are a number of long term initiatives which should begin bearing fruit. We will have the new Atlanta international terminal coming on line just as AirTran/SWA starts capacity adjustments. That should help us both operationally and on the revenue side. Progress is being made on our JFK terminal which should help us in 2013 and network is begining to make noises about bringing a fight for business traffic in LAX. It appears we are ready to take advantage of any disruption in American's operation.
We are under fleeted for a lot of this. Partners will be used to fill far to many holes and we must address that in our negotiations. But, there is enough here to think Delta will have to bring mainline capacity on line and grow staffing.
Operationally, we are running better than we have in years and our targets for 2012 have increased to solid industry leading levels. When you see the resources coming on line to support these levels of performance it looks positive.
The wildcards will be Europe, Fuel and possibly Asia. If Iran tries to block the Strait of Hormuz it would be interesting until there were three more Kilo Class subs on the ocean floor.
You know my position on our outsourcing. The current crop of 70 to 76 seat jets have roughly MD88 operating numbers per ASM. There will be a niche for them, but as American drops the MD's and leaves us with the highest comparable CASM, the market is ripe for the C Series, or something similar.
The reasons for optimism in 2012 and 2013 are a number of long term initiatives which should begin bearing fruit. We will have the new Atlanta international terminal coming on line just as AirTran/SWA starts capacity adjustments. That should help us both operationally and on the revenue side. Progress is being made on our JFK terminal which should help us in 2013 and network is begining to make noises about bringing a fight for business traffic in LAX. It appears we are ready to take advantage of any disruption in American's operation.
We are under fleeted for a lot of this. Partners will be used to fill far to many holes and we must address that in our negotiations. But, there is enough here to think Delta will have to bring mainline capacity on line and grow staffing.
Operationally, we are running better than we have in years and our targets for 2012 have increased to solid industry leading levels. When you see the resources coming on line to support these levels of performance it looks positive.
The wildcards will be Europe, Fuel and possibly Asia. If Iran tries to block the Strait of Hormuz it would be interesting until there were three more Kilo Class subs on the ocean floor.
Record profits in this economy? Imagine how much we would be making if there was some real economic recovery. Time for them to show us the money.
Try Denise Milani......big spinners on that airplane.
Btw, 4 md90's in Miami, two in indy with a couple more at the TOC to be taken to indy. One SAS bird delivered to the TOC yesterday will be ready to fly the line in a week. SAS birds are way nicer than China birds. Saudi birds were just dropped in the desert and not protected. Corrosion and sand are bad so I doubt anyone would ever want them. I think nine more MD90's sit in an American desert waiting to be updated. One dc9-10 coming out of the desert too......heading to a museum. Were not getting all the JAL birds right away. JAL needs to backfill due to late deliveries of other a/c. All JAL's spare parts come when they get rid of their last 90.
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