Regional Airlines Get Wings Clipped by Big Pa
12-30-2009, 08:00 PM
#11
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On the front of regional losing business and others getting more, or simply the reshuffling, where is the news in that?
It's nothing new nor revolutionary. USAir was playing their express carriers off against one another over a decade ago. When UAL went into BK, it was nothing but a reshuffle where the existing feeders lost in one form or another. DAL/NW followed suit.
Old news. At least it's finally getting some attention though.
It's nothing new nor revolutionary. USAir was playing their express carriers off against one another over a decade ago. When UAL went into BK, it was nothing but a reshuffle where the existing feeders lost in one form or another. DAL/NW followed suit.
Old news. At least it's finally getting some attention though.
12-30-2009, 09:16 PM
#12
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Originally Posted by John Pennekamp
I am not convinced that Republic will be one of the survivors.
12-31-2009, 02:34 AM
#13
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Originally Posted by fxn2fly
In their bread-and-butter business, however, competition remains fierce. SkyWest, based in St. George, Utah, recently extended its existing contract with United Airlines parent UAL Corp., and won the right to place 13 additional jetliners into United service early in 2010. In return, SkyWest said, it agreed to loan United $80 million for 10 years and defer $49 million of payments United was to make to SkyWest. A spokeswoman for SkyWest declined to comment on the concessions.
12-31-2009, 02:42 AM
#14
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Originally Posted by DeadHead
Kind of pathetic that a mainline company has to borrow money and cut a deal with one of it's regional partners. I think that speaks volumes about the type of leadership at UAL these days.
12-31-2009, 03:25 AM
#15
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Don't know about "had to borrow money", since UAL expects to end this quarter with 3 billion in cash. More like it CAN borrow money from a regional....."you want the contract? you have to pay". The majors are in the driver's seat. The regionals will play ball, or end up like Mesa.
12-31-2009, 04:20 AM
#16
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Originally Posted by jsled
Don't know about "had to borrow money", since UAL expects to end this quarter with 3 billion in cash. More like it CAN borrow money from a regional....."you want the contract? you have to pay". The majors are in the driver's seat. The regionals will play ball, or end up like Mesa.
12-31-2009, 06:36 AM
#17
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Originally Posted by jsled
Don't know about "had to borrow money", since UAL expects to end this quarter with 3 billion in cash. More like it CAN borrow money from a regional....."you want the contract? you have to pay". The majors are in the driver's seat. The regionals will play ball, or end up like Mesa.
Please cite your source on the $3B cash...
12-31-2009, 07:00 AM
#20
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Originally Posted by John Pennekamp
UAL borrowed that money from SkyWest at 11% interest! The loan was guaranteed by ground equipment! That doesn't sound to me like a loan on UAL's terms! It sounds like they "had" to get the money. Additionally, it's a LOAN not a PAYMENT. How is that "paying"?
Please cite your source on the $3B cash...
Please cite your source on the $3B cash...
"Today we issued an update to investors on our financial outlook, commonly referred to as “investor guidance,” for the fourth quarter of 2009. This update is part of our normal practice as we approach the end of each quarter. To see the full update, you can go to United Airlines - Investor Relations Home..........
Lastly, I want to highlight our cash position. We expect to end the quarter with an unrestricted cash balance of approximately $3.0 billion, which is about $500 million higher than what it was at the end of the third quarter. This balance does not include roughly $250 million from financings completed in the fourth quarter that will fund in early 2010."
Last edited by jsled; 12-31-2009 at 07:23 AM.
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