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Old 10-08-2008, 02:34 PM   #111  
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Originally Posted by tsquare View Post
L O S E...... not L O O S E

Sorry... it bugs me.
LOL

Carl
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Old 10-08-2008, 02:42 PM   #112  
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Originally Posted by redblueskies View Post
Look at the valuations, NWA is valued about what DAL is valued at but is 2/3 the size.
I've seen this "valuation" argument several times in the last few days.

I don't think the current share prices have anything to do with the value of the companies as seperate entities.
Investors read the newspaper. They know NWA shares are about to cease to exist. The market valuations are roughly equivalent right now because the market knows there is going to be a merger with a stock swap. NWA shares will be cancelled and new DAL common shares issued.

Its called arbitrage.
What you're seeing is the market value of "New Delta" reflected in the price of both NWA and DAL.

Last edited by Check Essential; 10-08-2008 at 02:58 PM.
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Old 10-08-2008, 04:45 PM   #113  
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I've seen this "valuation" argument several times in the last few days.

I don't think the current share prices have anything to do with the value of the companies as seperate entities.
Investors read the newspaper. They know NWA shares are about to cease to exist. The market valuations are roughly equivalent right now because the market knows there is going to be a merger with a stock swap. NWA shares will be cancelled and new DAL common shares issued.

Its called arbitrage.
What you're seeing is the market value of "New Delta" reflected in the price of both NWA and DAL.
Here's the data:

Today's market cap of DAL: $1.717 billion
Today's market cap of NWA: $1.678 billion

On April 11, 2008 the Friday before the merger is announced the following Monday:

4-11-08 market cap of DAL: $3.042 billion
4-11-08 market cap of NWA: $2.899 billion

Once again this is in spite of the fact that NWA is and was 2/3 the size of DAL. There were days prior to the merger announcement and after the merger announcement where NWA's market cap exceeded that of DAL.

This was brought out by the NWALPA attorneys in arbitration and the DALPA experts agreed it was true. It's in the transcripts.

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Old 10-08-2008, 04:48 PM   #114  
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Carl, don't lets facts get in the way of their "dead" airline argument.
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Old 10-08-2008, 04:54 PM   #115  
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Carl, don't lets facts get in the way of their "dead" airline argument.
OOPS. Sorry Capn.

Carl
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Old 10-08-2008, 05:26 PM   #116  
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I hope NWALPA does not attempt to show DAL as a weak sister with no future.
The problem with that sentiment is that you and I both know that the lawyers will argue that exact line to bolster their case.

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Carl, don't lets facts get in the way of their "dead" airline argument.
Can't wait to see the "facts" that the NWALPA lawyers try and argue.
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Old 10-08-2008, 06:27 PM   #117  
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When is the next set of hearings?

-Fatty
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Old 10-08-2008, 06:38 PM   #118  
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Jet,

and that the B-787 is a make believe aircraft, that is what they will do. Truth and reality apparently don't matter in the DAL world.

(but same old... well, you know)
Would you like me to post every recent version of meeting minutes with RA lately where he states that they are proposing replacing 787 orders with 777LR orders? Hence the "make believe".
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Old 10-08-2008, 07:15 PM   #119  
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Originally Posted by acl65pilot View Post
Weak but it shows a commitment to the fleet Super.

The 9's can be replaced by RJ's. CSAM is cheaper as has been pointed out on the large RJ's
The DC9-40,59s CASM numbers are better than the RJs on shorter routes. Even Senor Buckingbar has agreed that the shorter routes under 1000 miles the DC9s numbers are better. Most of the numbers that are run comparing aircraft are done with longer routes. Most DC9 routes are around 500 miles therefore the DC9 has skewed numbers. .
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Old 10-08-2008, 07:28 PM   #120  
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Would you like me to post every recent version of meeting minutes with RA lately where he states that they are proposing replacing 787 orders with 777LR orders? Hence the "make believe".
If that's the case, maybe you should think about the implication of the word "replace."

Sorry. Don't mean to be catty, I'm about to respond to Space.
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