Any "Latest & Greatest" about Delta?
Lets see how well SWAPA does now that they are facing higher costs and a rational playing field. If anything their "darling" status as an independent union is about to get tested.
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From: B757/767
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From: B757/767
Air France-KLM Expects Deep Loss
BY DAVID PEARSON -- WSJ
JANUARY 25, 2012
PARIS—Air France-KLM's financial situation is "extremely tight" after the company incurred a substantial operating loss in 2011 for the fourth consecutive year, the chief executive of Air France, one of the Franco-Dutch group's two airline divisions, said Wednesday.
Alexandre de Juniac told a French parliamentary commission that due to rising fuel costs, fierce competition from low-cost airlines and the lingering effects of the financial crisis, Air France-KLM's losses from operations last year will reach "several hundred million euros," but declined to be more explicit as the company's accounts are still being audited. Air France-KLM is 15.7%-owned by the French state.
BY DAVID PEARSON -- WSJ
JANUARY 25, 2012
PARIS—Air France-KLM's financial situation is "extremely tight" after the company incurred a substantial operating loss in 2011 for the fourth consecutive year, the chief executive of Air France, one of the Franco-Dutch group's two airline divisions, said Wednesday.
Alexandre de Juniac told a French parliamentary commission that due to rising fuel costs, fierce competition from low-cost airlines and the lingering effects of the financial crisis, Air France-KLM's losses from operations last year will reach "several hundred million euros," but declined to be more explicit as the company's accounts are still being audited. Air France-KLM is 15.7%-owned by the French state.
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Hard to say. Delta is one of the better paid pilot groups in the industry. When Gary Kelly points to competitors, you can bet Delta will be included. And we are one of the better paid. I'm not implying they'll take 35% paycuts, but everyone's fun ride comes to an end eventually.
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