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-   -   PinnaColaba Bankruptcy soon (https://www.airlinepilotforums.com/regional/63929-pinnacolaba-bankruptcy-soon.html)

ShyGuy 12-06-2011 08:26 PM

PinnaColaba Bankruptcy soon
 
Time to short the stock!

Expect some news before the month (year) ends!

Colgan Pilot 12-06-2011 08:52 PM


Originally Posted by ShyGuy (Post 1097822)
Time to short the stock!

Expect some news before the month (year) ends!

What info lead you to publish that short yet disturbing post?

Colnago 12-06-2011 08:54 PM

Doom and gloom. yawn.

xjsaab 12-06-2011 09:18 PM

Sadly it's all pointing to that direction. Management is triple fat with positions, still! Flights crews are being poorly utilized. Training footprints are pitiful. Seriously, no WILO, no 900 initial at 9E? Memphis as the headquarters, great job Phil let's see if this gets you the mayoral election. My dream, streamline, one airline not two. Cut down on management. Better customer service training for everyone. Lol black over coats. iPads. Alas we'll as find it at our next job.

Saabs 12-07-2011 05:04 AM

Shy guy always posts stupid crap

newarkblows 12-07-2011 05:06 AM

Doubtful. They have cash in the bank. It is out of the pilots hands so why worry about it.

RamenNoodles 12-07-2011 05:15 AM


Originally Posted by newarkblows (Post 1097926)
Doubtful. They have cash in the bank. It is out of the pilots hands so why worry about it.

I'm not saying Pinnacle is on the brink of bankruptcy; I have no idea what is going on there. Cash in the bank, however, is not an indicator of a company's cash flow, nor does it determine whether or not a company will file for BK. Companies need cash to get through BK successfully. American had $4B in the bank when they declared.

Airsupport 12-07-2011 05:20 AM

maybe, maybe not. who are we declaring bankruptcy from? we don't own 90% of our planes. we are pretty much a pilot staffing company. there is nothing to get from us if we declare bankruptcy. we own a few planes, some tugs, and few computers and chairs at the headquarters. that's it. menke has been here just a few months. not nearly long enough for a golden parachute. same with his buddies who packed up there families and moved to Memphis. even if we did declare bankruptcy i don't see things changing for the average Joe here. its not like we have an industry leading contract for them to gut or billion dollar pensions. so i wouldn't worry about this. i don't think we will declare bankruptcy. enjoy your holidays and don't sweat what you cant do anything about.

mooney 12-07-2011 06:14 AM

the return of Chicken Little......man these new copays for your anti-depressants must be burning a hole in your wallet....:rolleyes:

jayray2 12-07-2011 06:47 AM


Originally Posted by Airsupport (Post 1097933)
maybe, maybe not. who are we declaring bankruptcy from? we don't own 90% of our planes. we are pretty much a pilot staffing company. there is nothing to get from us if we declare bankruptcy. we own a few planes, some tugs, and few computers and chairs at the headquarters. that's it. menke has been here just a few months. not nearly long enough for a golden parachute. same with his buddies who packed up there families and moved to Memphis. even if we did declare bankruptcy i don't see things changing for the average Joe here. its not like we have an industry leading contract for them to gut or billion dollar pensions. so i wouldn't worry about this. i don't think we will declare bankruptcy. enjoy your holidays and don't sweat what you cant do anything about.

Very true, bankruptcy doesn't seem like an option (despite the terrible problems here), are they going to cut FO salaries from 29,000 to 27,000? Flight Attendant salaries from 22,000 to 21,000?


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