Delta rumor mill
#11
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
Hope things are looking up. Just got this today.
First, I want to explain a little about the Executive Jet agreement. One of the reasons we signed this contract is to tie up our gates in LAX and keep them from being taken back by the airport. We have huge plans for international expansion out of LAX including 787s. There will be a multi-billion $$ aircraft order announced after we emerge from BK.
JFK - Realignment of mgt at JFK. Improved passenger flow through terminals. $500 million terminal upgrade. Increase in pay for ground workers. Hiring 400 new ground employees for summer. Whitehurst re-iterated his desire to purchase Jet Blew to get their terminal at JFK.
Boston-Logan - long-term plans for Boston include international expansion with the 757-200ERs. This is not going to happen in the short-term as JFK is the focus for now.
CVG - remain status quo. Most profitable hub in 2006. Some summer increase in flight hours.
Winglets - plan on installing them on all of the 737-800s that have kits already installed and the rest later, all of the 757-ERs we get this summer will have the winglets installed before we put them into service (we will be getting these aircraft earlier than planned). All 757-200 will get winglets except the oldest ones. American has promised a 767-300 to the company that makes the winglets so they can flight-test and certify them. Once certification is complete, we will be installing winglets on all of our 767-300s.
5% increase in flight hours for this summer. Staffing may cause some issues.
ASA in ATL - we are replacing all over and under wing workers with Delta employees.
Debt load - AA - $17B, UA - $19B, DL - $7-8B - we will be in considerably better shape once emerging from BK.
Grinstein plans to retire in August.
All flight attendants will be recalled this summer and they will be hiring off the street. If someone on furlough wants to bypass and does not want to get terminated, they should indicate a base that is not recalling. Whitehurst said Delta will not terminate flight attendants unless they bypass recall to a base they chose to be recalled too.
First, I want to explain a little about the Executive Jet agreement. One of the reasons we signed this contract is to tie up our gates in LAX and keep them from being taken back by the airport. We have huge plans for international expansion out of LAX including 787s. There will be a multi-billion $$ aircraft order announced after we emerge from BK.
JFK - Realignment of mgt at JFK. Improved passenger flow through terminals. $500 million terminal upgrade. Increase in pay for ground workers. Hiring 400 new ground employees for summer. Whitehurst re-iterated his desire to purchase Jet Blew to get their terminal at JFK.
Boston-Logan - long-term plans for Boston include international expansion with the 757-200ERs. This is not going to happen in the short-term as JFK is the focus for now.
CVG - remain status quo. Most profitable hub in 2006. Some summer increase in flight hours.
Winglets - plan on installing them on all of the 737-800s that have kits already installed and the rest later, all of the 757-ERs we get this summer will have the winglets installed before we put them into service (we will be getting these aircraft earlier than planned). All 757-200 will get winglets except the oldest ones. American has promised a 767-300 to the company that makes the winglets so they can flight-test and certify them. Once certification is complete, we will be installing winglets on all of our 767-300s.
5% increase in flight hours for this summer. Staffing may cause some issues.
ASA in ATL - we are replacing all over and under wing workers with Delta employees.
Debt load - AA - $17B, UA - $19B, DL - $7-8B - we will be in considerably better shape once emerging from BK.
Grinstein plans to retire in August.
All flight attendants will be recalled this summer and they will be hiring off the street. If someone on furlough wants to bypass and does not want to get terminated, they should indicate a base that is not recalling. Whitehurst said Delta will not terminate flight attendants unless they bypass recall to a base they chose to be recalled too.
#12
On Reserve
Joined APC: Jan 2007
Posts: 16
joel, do you mind if I ask where you got your information? Thanks.
Hope things are looking up. Just got this today.
First, I want to explain a little about the Executive Jet agreement. One of the reasons we signed this contract is to tie up our gates in LAX and keep them from being taken back by the airport. We have huge plans for international expansion out of LAX including 787s. There will be a multi-billion $$ aircraft order announced after we emerge from BK.
JFK - Realignment of mgt at JFK. Improved passenger flow through terminals. $500 million terminal upgrade. Increase in pay for ground workers. Hiring 400 new ground employees for summer. Whitehurst re-iterated his desire to purchase Jet Blew to get their terminal at JFK.
Boston-Logan - long-term plans for Boston include international expansion with the 757-200ERs. This is not going to happen in the short-term as JFK is the focus for now.
CVG - remain status quo. Most profitable hub in 2006. Some summer increase in flight hours.
Winglets - plan on installing them on all of the 737-800s that have kits already installed and the rest later, all of the 757-ERs we get this summer will have the winglets installed before we put them into service (we will be getting these aircraft earlier than planned). All 757-200 will get winglets except the oldest ones. American has promised a 767-300 to the company that makes the winglets so they can flight-test and certify them. Once certification is complete, we will be installing winglets on all of our 767-300s.
5% increase in flight hours for this summer. Staffing may cause some issues.
ASA in ATL - we are replacing all over and under wing workers with Delta employees.
Debt load - AA - $17B, UA - $19B, DL - $7-8B - we will be in considerably better shape once emerging from BK.
Grinstein plans to retire in August.
All flight attendants will be recalled this summer and they will be hiring off the street. If someone on furlough wants to bypass and does not want to get terminated, they should indicate a base that is not recalling. Whitehurst said Delta will not terminate flight attendants unless they bypass recall to a base they chose to be recalled too.
First, I want to explain a little about the Executive Jet agreement. One of the reasons we signed this contract is to tie up our gates in LAX and keep them from being taken back by the airport. We have huge plans for international expansion out of LAX including 787s. There will be a multi-billion $$ aircraft order announced after we emerge from BK.
JFK - Realignment of mgt at JFK. Improved passenger flow through terminals. $500 million terminal upgrade. Increase in pay for ground workers. Hiring 400 new ground employees for summer. Whitehurst re-iterated his desire to purchase Jet Blew to get their terminal at JFK.
Boston-Logan - long-term plans for Boston include international expansion with the 757-200ERs. This is not going to happen in the short-term as JFK is the focus for now.
CVG - remain status quo. Most profitable hub in 2006. Some summer increase in flight hours.
Winglets - plan on installing them on all of the 737-800s that have kits already installed and the rest later, all of the 757-ERs we get this summer will have the winglets installed before we put them into service (we will be getting these aircraft earlier than planned). All 757-200 will get winglets except the oldest ones. American has promised a 767-300 to the company that makes the winglets so they can flight-test and certify them. Once certification is complete, we will be installing winglets on all of our 767-300s.
5% increase in flight hours for this summer. Staffing may cause some issues.
ASA in ATL - we are replacing all over and under wing workers with Delta employees.
Debt load - AA - $17B, UA - $19B, DL - $7-8B - we will be in considerably better shape once emerging from BK.
Grinstein plans to retire in August.
All flight attendants will be recalled this summer and they will be hiring off the street. If someone on furlough wants to bypass and does not want to get terminated, they should indicate a base that is not recalling. Whitehurst said Delta will not terminate flight attendants unless they bypass recall to a base they chose to be recalled too.
#13
#14
Just to reiterate, I rode the short bus.
Jsled, I'm not trying to flame. I want to see United do great.
I was curious about debt loads from this thread and I'm posting an ariticle from 1/06 and one from 07. I think one reporter is incredibly biased, but I'm posting it for the numbers only. I know a lot can happen in a year ...
.................................................. .........................
United is swimming in debt. United will exit bankruptcy saddled with about $17 billion in debt. It expects to issue about 125 million new shares under the ticker symbol UAUA. While some observers predict the stock will quickly trade higher, the opening price is likely to be about $15 a share. That gives United an equity value just shy of $2 billion and a debt-to-equity ratio of about 8.5-to-1. By comparison, American Airlines' debt ratio is deemed much too high at about 6-to-1.
• United is mortgaged to the hilt. United made public relations hay this week with its announcement that it quickly secured $3 billion in exit financing. What it didn't mention was that the loan was secured with just about every asset that United owns: fleet; spare parts; Atlantic and Pacific routes; corporate headquarters building; flight simulators; accounts receivable; and even the Mileage Plus frequent-flier program.
http://www.usatoday.com/travel/colum...ncatelli_x.htm
http://finance.google.com/finance?q=UAUA
.................................................. .....................
HEAVY DEBT. On the negative side, we're concerned that the board can change the number of authorized shares without shareholder approval, and that the board may amend the corporate bylaws without shareholder approval.
There are risks to our recommendation and target price. We consider the shares to be very volatile and high risk for several reasons. First, oil prices have risen dramatically and may continue to rise, which is offsetting a lot of other cost cuts at the company.
In addition, AMR has a very high debt load of about $20 billion (including operating leases) and an underfunded pension plan, both of which are likely to be a drain on cash resources over the next few years. The net pension obligation at the end of 2005 exceeded the fair value of the assets in the plan by about $3.2 billion. AMR is attempting to get its debt level down, but this won't be an easy task, in our opinion.
http://www.businessweek.com/investor...612_815502.htm
http://finance.google.com/finance?q=AMR
.................................................. .................................
http://finance.google.com/finance?q=DALRQ
For effect, I rode the short bus.
Tom
I was curious about debt loads from this thread and I'm posting an ariticle from 1/06 and one from 07. I think one reporter is incredibly biased, but I'm posting it for the numbers only. I know a lot can happen in a year ...
.................................................. .........................
United is swimming in debt. United will exit bankruptcy saddled with about $17 billion in debt. It expects to issue about 125 million new shares under the ticker symbol UAUA. While some observers predict the stock will quickly trade higher, the opening price is likely to be about $15 a share. That gives United an equity value just shy of $2 billion and a debt-to-equity ratio of about 8.5-to-1. By comparison, American Airlines' debt ratio is deemed much too high at about 6-to-1.
• United is mortgaged to the hilt. United made public relations hay this week with its announcement that it quickly secured $3 billion in exit financing. What it didn't mention was that the loan was secured with just about every asset that United owns: fleet; spare parts; Atlantic and Pacific routes; corporate headquarters building; flight simulators; accounts receivable; and even the Mileage Plus frequent-flier program.
http://www.usatoday.com/travel/colum...ncatelli_x.htm
http://finance.google.com/finance?q=UAUA
.................................................. .....................
HEAVY DEBT. On the negative side, we're concerned that the board can change the number of authorized shares without shareholder approval, and that the board may amend the corporate bylaws without shareholder approval.
There are risks to our recommendation and target price. We consider the shares to be very volatile and high risk for several reasons. First, oil prices have risen dramatically and may continue to rise, which is offsetting a lot of other cost cuts at the company.
In addition, AMR has a very high debt load of about $20 billion (including operating leases) and an underfunded pension plan, both of which are likely to be a drain on cash resources over the next few years. The net pension obligation at the end of 2005 exceeded the fair value of the assets in the plan by about $3.2 billion. AMR is attempting to get its debt level down, but this won't be an easy task, in our opinion.
http://www.businessweek.com/investor...612_815502.htm
http://finance.google.com/finance?q=AMR
.................................................. .................................
http://finance.google.com/finance?q=DALRQ
For effect, I rode the short bus.
Tom
#16
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
Jsled, I'm not trying to flame. I want to see United do great.
I was curious about debt loads from this thread and I'm posting an ariticle from 1/06 and one from 07. I think one reporter is incredibly biased, but I'm posting it for the numbers only. I know a lot can happen in a year ...
.................................................. .........................
United is swimming in debt. United will exit bankruptcy saddled with about $17 billion in debt. It expects to issue about 125 million new shares under the ticker symbol UAUA. While some observers predict the stock will quickly trade higher, the opening price is likely to be about $15 a share. That gives United an equity value just shy of $2 billion and a debt-to-equity ratio of about 8.5-to-1. By comparison, American Airlines' debt ratio is deemed much too high at about 6-to-1.
• United is mortgaged to the hilt. United made public relations hay this week with its announcement that it quickly secured $3 billion in exit financing. What it didn't mention was that the loan was secured with just about every asset that United owns: fleet; spare parts; Atlantic and Pacific routes; corporate headquarters building; flight simulators; accounts receivable; and even the Mileage Plus frequent-flier program.
http://www.usatoday.com/travel/colum...ncatelli_x.htm
http://finance.google.com/finance?q=UAUA
.................................................. .....................
HEAVY DEBT. On the negative side, we're concerned that the board can change the number of authorized shares without shareholder approval, and that the board may amend the corporate bylaws without shareholder approval.
There are risks to our recommendation and target price. We consider the shares to be very volatile and high risk for several reasons. First, oil prices have risen dramatically and may continue to rise, which is offsetting a lot of other cost cuts at the company.
In addition, AMR has a very high debt load of about $20 billion (including operating leases) and an underfunded pension plan, both of which are likely to be a drain on cash resources over the next few years. The net pension obligation at the end of 2005 exceeded the fair value of the assets in the plan by about $3.2 billion. AMR is attempting to get its debt level down, but this won't be an easy task, in our opinion.
http://www.businessweek.com/investor...612_815502.htm
http://finance.google.com/finance?q=AMR
.................................................. .................................
http://finance.google.com/finance?q=DALRQ
For effect, I rode the short bus.
Tom
I was curious about debt loads from this thread and I'm posting an ariticle from 1/06 and one from 07. I think one reporter is incredibly biased, but I'm posting it for the numbers only. I know a lot can happen in a year ...
.................................................. .........................
United is swimming in debt. United will exit bankruptcy saddled with about $17 billion in debt. It expects to issue about 125 million new shares under the ticker symbol UAUA. While some observers predict the stock will quickly trade higher, the opening price is likely to be about $15 a share. That gives United an equity value just shy of $2 billion and a debt-to-equity ratio of about 8.5-to-1. By comparison, American Airlines' debt ratio is deemed much too high at about 6-to-1.
• United is mortgaged to the hilt. United made public relations hay this week with its announcement that it quickly secured $3 billion in exit financing. What it didn't mention was that the loan was secured with just about every asset that United owns: fleet; spare parts; Atlantic and Pacific routes; corporate headquarters building; flight simulators; accounts receivable; and even the Mileage Plus frequent-flier program.
http://www.usatoday.com/travel/colum...ncatelli_x.htm
http://finance.google.com/finance?q=UAUA
.................................................. .....................
HEAVY DEBT. On the negative side, we're concerned that the board can change the number of authorized shares without shareholder approval, and that the board may amend the corporate bylaws without shareholder approval.
There are risks to our recommendation and target price. We consider the shares to be very volatile and high risk for several reasons. First, oil prices have risen dramatically and may continue to rise, which is offsetting a lot of other cost cuts at the company.
In addition, AMR has a very high debt load of about $20 billion (including operating leases) and an underfunded pension plan, both of which are likely to be a drain on cash resources over the next few years. The net pension obligation at the end of 2005 exceeded the fair value of the assets in the plan by about $3.2 billion. AMR is attempting to get its debt level down, but this won't be an easy task, in our opinion.
http://www.businessweek.com/investor...612_815502.htm
http://finance.google.com/finance?q=AMR
.................................................. .................................
http://finance.google.com/finance?q=DALRQ
For effect, I rode the short bus.
Tom
#17
Uh... I don't think so. USAirways was unable to buy Delta so I don't know what makes you think jetBlue could.
This was all just rumour that came from an off the cuff remark by Whitehurst. He's the COO BTW. Bastian is the CFO.
A DAL-B6 merger makes no sense for anyone, so let that one go.
#20
Roger that. If you include Delta's leases the number jumps up too. Wayyyy above 8Billion.
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