btw Pinnacle only makes one billion annually in revenues. How much of that is cash that they have in the bank??? Probably nada if you asked me

Thanks for that. Also don't mean to TJ, but—

Along those lines, how hard is it to hold the IAD domicile for Colgan new guys?

good thing you are not making your trades using inside information.

Not hard, new hires get IAD now and then. A class near the end of ground school got mostly IAH but there have been a few new hires showing up in IAD recently.

As for the name calling haters and the people too immature to have a conversation, there was nothing wrong with my post.

The stock comment was at the fact our stock was going to tank, and boy did it! I made money by doing put option, and profit from the stock falling. And as for the second part, expect news before the month ends, the bloomberg article hits the nail on the head. The title of the thread, bankruptcy soon, did not have a timeline on it. Someone compared me to that end-of-world leader who keeps changing his timeline on when the earth will end. That is not me, because I never said WHEN we could go bankrupt. My post said 'soon' and expect news before the month ends. Well, everyone has the news now. If you put two and two together, bankruptcy is only a matter of time now.

This was the news:

The above is EXACTLY what AMR is about to do to American and American Eagle. They are going to modify the ASA agreement with Eagle, screw equipment lessors and debt holders, and same with the real property lessors and vendors. Lastly, the biggest screwing will come to the other employees, both union and non-union, to reduce labor costs. That's AMR in bankruptcy, but note that I wrote that word-for-word from the Bizjournal article regarding Pinnacle.

ShyGuy, go on and apply to Go Jet now, before the line forms after this place shuts its doors. You'll never see the left seat here, this ship is sinking

Anybody who has been working at Nonconnah for the last year and at One Commerce Square in the last few months can't be surprised by this. The duplication in this company is astounding right now. All that happened today is Menke announced that the mess Uncle Phil left for him is so bad that he has to hire outside consultants to help him restructure the company. Menke all but predicted this in his conference call on November 3.

Its doubtful there will be pilot furloughs as we are still short around 70 pilots and there are classes planned for the Colgan/Mesaba side until May at least. There will likely be layoffs in management, support, and administration as we are still running the support staff for three airlines, when we only need to staff two, and depending on how we get restructured probably one. Today 6 Vice President positions were eliminated, and 6 other VP positions will be consolidated into 3 positions (that's 9 VPs that got axed today for those of you in Rio Linda).

The consultants hired today will renegotiate our leases, real estate contracts (wonder how long we'll still be downtown), vendor contracts, and labor contracts. ALPA will probably be asked for concessions relating to work rules and amendments to the SLI to reduce training costs. They will also scrub the company from top to bottom to eliminate duplication, excessive management positions, and excessive spending.

Personally I think we will end up a stronger company after this and you will not recognize any of these companies when this is done, but the end product will strongly resemble Mesaba. We will likely be on one certificate, HQ will be someplace other than downtown Memphis, and there will be some kind of agreement to slow down the SLI to reduce training costs.

Vote no!!!!

Well said... Also with the 3 companies losing about 14 pilots per months. I don't think the F bomb is going to happen.

I hope the f-bomb doesn't show up here, but never underestimate the ability of airlines to rapidly increase the flow of crud coming downhill. Best of luck folks.