Frontier
07-13-2008 | 09:28 AM
#21
Line Holder
Joined: Jul 2008
Posts: 77
Likes: 0
All employers are required by law to pay into the 'unemployement system' for whatever respective state you file your taxes. If a company files Chp. 7, it's not like those monies will be taken back from the state, they're already there in the fund, and I think employers pay quarterly.
Now, with the lovely case of TMA back in the day (leading up to their Chpt. 7) it's my understanding they weren't paying into the state funds regularly and that wasn't found out until after their Chp. 7. But I'm sure that's not the case with Frontier......TMA was a whole notha' ballgame/mess.
God forbid, if Chp. 7 happens for Frontier, your husband should get his unemployment, however, I pray for you and Frontier it doesn't get to that point.
Now, with the lovely case of TMA back in the day (leading up to their Chpt. 7) it's my understanding they weren't paying into the state funds regularly and that wasn't found out until after their Chp. 7. But I'm sure that's not the case with Frontier......TMA was a whole notha' ballgame/mess.
God forbid, if Chp. 7 happens for Frontier, your husband should get his unemployment, however, I pray for you and Frontier it doesn't get to that point.
Hi Everyone!
This is my first post and my husband is a 10 year captain with Frontier. Needless to say, I'm scared (I'm a SAHM).
Does anyone know if a company liquidates if unemployment can still be collected? I'm thinking not since the company pays for it, right?
This sucks and my heart goes out to all airline families. Big HUGS!!
This is my first post and my husband is a 10 year captain with Frontier. Needless to say, I'm scared (I'm a SAHM).
Does anyone know if a company liquidates if unemployment can still be collected? I'm thinking not since the company pays for it, right?
This sucks and my heart goes out to all airline families. Big HUGS!!
07-13-2008 | 10:02 AM
#23
Gets Weekends Off
Joined: May 2007
Posts: 440
Likes: 0
From: Lawn Chair
The same was said about TWA in the 80's and yet they survived on their own until 2001.
The same was said about America West when they went into BK in the the Fall of 1991 and they survived..
In the early 90's USAir (pre merge) was losing over 2.5 million per day and did so for years and they stood 2 trips through BK until the 2006 merger.
Continetal was "on the Brink" when they went into their second BK in the early 90's after the CAL Lite fiasco and now they are one of the premier US PAX carriers. NWA was in BIG trouble in the late 80's when Cheechi through a leverage buy out, took a company with the best Cash position and put them into heavy debt over night. They survived and prospered until events after 9/11.
Every one of these carriers were "done" within weeks, yet they managed to survive for years.
I realize the environment is different and things look dire for the entire industry. This industry is fickle but No one is gone until it happens. Let's not start the funeral until the EKG shows a flat line.............and then only after a couple of failed electric shock attempts.
I have ridden Frontier on many occasions and they offer a fine product.
Good luck to you all.
The same was said about America West when they went into BK in the the Fall of 1991 and they survived..
In the early 90's USAir (pre merge) was losing over 2.5 million per day and did so for years and they stood 2 trips through BK until the 2006 merger.
Continetal was "on the Brink" when they went into their second BK in the early 90's after the CAL Lite fiasco and now they are one of the premier US PAX carriers. NWA was in BIG trouble in the late 80's when Cheechi through a leverage buy out, took a company with the best Cash position and put them into heavy debt over night. They survived and prospered until events after 9/11.
Every one of these carriers were "done" within weeks, yet they managed to survive for years.
I realize the environment is different and things look dire for the entire industry. This industry is fickle but No one is gone until it happens. Let's not start the funeral until the EKG shows a flat line.............and then only after a couple of failed electric shock attempts.
I have ridden Frontier on many occasions and they offer a fine product.
Good luck to you all.
Good Call.
07-13-2008 | 11:09 AM
#24
Gets Weekends Off
Joined: Sep 2006
Posts: 392
Likes: 0
From: B-737
WheelsUp - You wrote
>>UAL could be in the same boat by the end of the year. Not much left to mortgage<<
I am told that United's umencumbered assets are greater than any of the other major carriers, except for American and Southwest. Have you heard differently?
None of the U.S.carriers have a bright prospect, but United's is bad mostly due to extremely poor (and greedy) management, in my opinion.
>>UAL could be in the same boat by the end of the year. Not much left to mortgage<<
I am told that United's umencumbered assets are greater than any of the other major carriers, except for American and Southwest. Have you heard differently?
None of the U.S.carriers have a bright prospect, but United's is bad mostly due to extremely poor (and greedy) management, in my opinion.
My sister is a managing director at UAL. During a senior staff meeting in mid May they announced that management would be cut by about 25%. Three weeks later UAL publicly announced they would be laying off 1600 management employees and 950 pilots.
During the same meeting it was mentioned that "if things don't get better by summer" UAL was "going out of business".
I pray and hope this is not the case. In spite of the fact my sister is management (you should see Christmas time around my house!) She has spent over 23 years there and loves the company. I would not be a happy thing for me. But that's the current thinking at UAL HQ.
07-13-2008 | 11:35 AM
#25
Line Holder
Joined: Apr 2008
Posts: 62
Likes: 0
I think the only way that Frontier will be able to survive another year is if the following happens:
1. Gas prices go down.
2. All of us in Colorado stop flying Southwest.
The local travel agencies are suggesting, and the media is reporting, that people should not book flights on Frontier for the holidays. I, for one, will never set foot on a Southwest flight to or from Denver as long as my Larry the Lynx credit card sits in my wallet.
1. Gas prices go down.
2. All of us in Colorado stop flying Southwest.
The local travel agencies are suggesting, and the media is reporting, that people should not book flights on Frontier for the holidays. I, for one, will never set foot on a Southwest flight to or from Denver as long as my Larry the Lynx credit card sits in my wallet.
07-13-2008 | 11:47 AM
#26
Moderator
Joined: Dec 2007
Posts: 7,252
Likes: 95
From: DAL 330
[quote=RedeyeAV8r;424645]
I have ridden Frontier on many occasions and they offer a fine product.
I'm sure it is a great product but that is irrelevant. I have seen many references on these boards as to how such and such offers a good/great/fine product. That may be so but, if they cannot make a profit it does not matter.
Although many in the public feel that cheap airfare with great service is an entitlement - airlines are not non-pofit corporations or utilities - not yet anyway. When was the last time anybody watched a movie on their "Beta" player? When Beta was fighting VHS in the late 70's and early 80's format wars Beta was considered a better overall quality product - oh well. Best of luck to all pilots - we are all going to need it.
Scoop
I have ridden Frontier on many occasions and they offer a fine product.
I'm sure it is a great product but that is irrelevant. I have seen many references on these boards as to how such and such offers a good/great/fine product. That may be so but, if they cannot make a profit it does not matter.
Although many in the public feel that cheap airfare with great service is an entitlement - airlines are not non-pofit corporations or utilities - not yet anyway. When was the last time anybody watched a movie on their "Beta" player? When Beta was fighting VHS in the late 70's and early 80's format wars Beta was considered a better overall quality product - oh well. Best of luck to all pilots - we are all going to need it.
Scoop
07-13-2008 | 01:55 PM
#29
Gets Weekends Off
Joined: Jun 2008
Posts: 190
Likes: 0
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