The latest Pinnacle RUMOR!!...

Closed Thread Subscribe

Page 2 of 4

Thread Tools

Search this Thread

01-31-2012 | 01:03 PM

#11

ShyGuy

Thread Starter

Banned

Joined: Dec 2005

Posts: 9,347

Likes: 329

Quote:

Originally Posted by etflies

You took flying at a loss to mean they're going to divest one entire certificate and a chunk of another?

You took "Those losses cannot continue" to mean we'll keep all of them in our fleet? You're in for a rude awakening very soon.

Quote:

Not to feed the troll, but if that did happen, wouldn't getting rid of the props and some 900s put Pinnacle at a disadvantage?

Of course it would! But Phildo specifically under-bid the ATL 900 contract thinking it would only be a shoe-in and the rest of the flying gained from Delta would make up for it. That never materialized. The same thing with Colgan's Q operation. It was underbid, and bid based on wage rates of Colgan pre-JCBA. Now the labor rates are much higher and we pay for the fuel of the Qs and Saabs. The money coming in is not eualing the expenses to operate the props.

And no, cutting them wouldn't put us at a disadvantage, in fact, it would give us an advantage by increasing net liquidity $ of the company. Selling off assets raises money.

01-31-2012 | 01:09 PM

#12

Fly782

Gets Weekends Off

Joined: Nov 2009

Posts: 1,226

Likes: 0

From: AN124 FE

Backruptcy by the end of 2011! O wait it is 2012 now...I actually think the opposite will happen, and were getting more Qs!

SHYGUY in 3....2.....1 . I can see it now, him running to the computer screaming NOOOOOO!!! Need to stop the madness with my FACTS...

O the huge manatee

01-31-2012 | 01:09 PM

#13

2StgTurbine

Gets Weekends Off

Joined: Feb 2010

Posts: 2,840

Likes: 93

Quote:

Originally Posted by ShyGuy

And then what happens when fuel goes up again and there is even more of an effort to get rid of 50 seat jets?

01-31-2012 | 01:10 PM

#14

etflies

Gets Weekends Off

Joined: Mar 2006

Posts: 767

Likes: 0

From: KCCO

Quote:

Originally Posted by ShyGuy

You took "Those losses cannot continue" to mean we'll keep all of them in our fleet? You're in for a rude awakening very soon.

I took it to mean something has to be done to fix it. What exactly that is, I don't know, but I do know better than to post something as "fact" when I have nothing concrete to back it up with except my own inferred conclusion.

I hope you're wrong, but I wouldn't discount the possibility either.

01-31-2012 | 01:12 PM

#15

Silver02ex

Line Holder

Joined: Sep 2005

Posts: 1,752

Likes: 18

Quote:

Originally Posted by ShyGuy

It has been announced partially. The flying is at a complete loss, and those losses cannot continue. This isn't flamebait, this is based on factual statements.

Ok if this is fact, why does it matter what people on APC thinks? Is any of our opinion going to chnge anything? You seem to think you know everything with your post the last few months about the whole "bk will happen, you just watch, I told you so" figure it out yourself and not ask everyone about what they think.

01-31-2012 | 01:15 PM

#16

Airsupport

Gets Weekends Off

Joined: Jan 2007

Posts: 2,356

Likes: 0

From: CRJ

This thread should be merged with the other pinnacle thread. Nothing new here. Shy just started a new one because we quit paying attention to him in the other and needed a headline grabber to feed his epeen. At minimum the thread title should be changed to "old pinnacle rumor thats been floating around since December but i thought i would create a new thread about it and act like its the latest and greatest."

01-31-2012 | 01:30 PM

#17

mooney

Gets Weekends Off

Joined: Jan 2008

Posts: 2,244

Likes: 0

From: CL-65 captain

Quote:

Originally Posted by Airsupport

Careful...Shy just sent up PNCL stock up 50% today because some investors read this thread and like these facts......

01-31-2012 | 01:43 PM

#18

jayray2

Gets Weekends Off

Joined: Dec 2007

Posts: 691

Likes: 0

How do you divest two airlines that are losing money? What does that mean anyway, divest? Isn't that what American has been trying to do for 10 years with Eagle? Doesn't someone have to buy this flying? Why would you buy flying that has the potential to put you out of business?

01-31-2012 | 02:31 PM

#19

mooney

Gets Weekends Off

Joined: Jan 2008

Posts: 2,244

Likes: 0

From: CL-65 captain

Quote:

Originally Posted by jayray2

Why would you buy flying that has the potential to put you out of business?

Same reason you would waste money to get a downtown skyscraper address rather than a 3 story building in Olive Branch at 1/2 the price.....ego got too big for his britches...

01-31-2012 | 02:33 PM

#20

The Juice

ULTP-Ultra Low Tier Pilot

Joined: Dec 2007

Posts: 3,228

Likes: 0

Quote:

Originally Posted by ShyGuy

we pay for the fuel of the Qs and Saabs. The money coming in is not eualing the expenses to operate the props.

United pays for the fuel for the Qs under the CPA.

Also, the Saabs receive a "passenger connect fee," from United. It varies and increases to help offset rising costs such as fuel. In IAH, this connect fee is renegotiated every 6 months depending on increased fuel and other costs.