Where is 9E Corp's Q4 report?

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02-24-2012 | 08:52 PM

#21

Jamers

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Joined: Jan 2007

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From: A320 FO

Quote:

Originally Posted by maple

I saw that term SOC in the letter. What does that stand for?

Sh!++y operations control.

Here's how to tell if the company is actually performing poorly as stated: If said company is a U.S. airline, they are performing poorly.

02-24-2012 | 09:12 PM

#22

200Driver

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Joined: Jan 2012

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From: I'm Buying

Quote:

Originally Posted by gonyon

I do work at pinnacle and I happen to believe Sean is being completely truthful as he sees things. I do believe that he sees a true need for permanent concession to get this company on solid footing.

I just happen to not care. No is my answer to any pay concessions. You can easily save 5% permanently by forcing your SOC to run more efficiently. Until then, you are asking me to subsidize ineptitude.

Agreed...there is probably a need for some cost cutting but as previously stated I do not subsidize ineptitude and years of miss management. The day we get the bonus checks back from all the inept bozo's who ran this company into the ground I will consider a 1% permanent pay cut. OH WAIT we wouldn't need one if we had that money!

02-24-2012 | 11:12 PM

#23

FlyJSH

Day puke

Joined: Feb 2006

Posts: 3,865

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From: Out.

Quote:

Originally Posted by FlyJSH

In fairness, SM did come right out and say a PERMANENT pay cut. No false promises of a snap back.

It's kinda like a proctologist saying, "You aren't going to like this: I'm out of lube."

At least he's honest.

Quote:

Originally Posted by The Juice

Just because you BS from day one, and don't budge on your BS, doesn't make it the truth. Airline Mgmt 101

Let me rephrase...

At least he's honest in telling us we will NEVER see that money again.

FPTTLD!!!!!

02-25-2012 | 04:29 AM

#24

Luv2Rotate

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Anyone hear more about those 5 new Q400s sitting in Toronto painted in United colors? I've seen them myself but no tail registration yet.

02-25-2012 | 05:24 AM

#25

DeltaPaySoon

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Joined: Jul 2008

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From: Stage Left

Quote:

Originally Posted by maple

I don't work at PNCL, but I have seen the letter your talking about. I saw it though Yahoo finance page. Do you guys really think they want to keep it negative and show it to investors?

What investors? Financially strong individuals with investment acumen do not put money in airlines anymore. Let alone regional airlines. It will be a long, long time before big money comes back to the table in this industry outside of ownership and that has dwindled down to the ridiculously wealthy.

Any big investments come from using the company's money in the market or through the sale of corporate bonds. The terms of the bonds have nothing to do with union contracts. Those are simply risk factors in a 10k.

Look closer at the correlation between lowered employee pay and upper management bonuses.

02-25-2012 | 07:03 AM

#26

jayray

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I'd like to hear how they are going to lower the rent on the new corporate pad by shedding the Saab and Q flying. The fixed costs aren't going away, the Union better not give them any relief in a shrinking scenario. Why was the situation so dire in December? They wanted a resolution by the end of the year but here we are, just a few days from March. I don't believe anything they say. They can threaten me with BK all the want, it won't change my mind. If chapter 11 will fix all their problems like they are pretending then they would have done it already.

02-25-2012 | 07:06 AM

#27

MunkyButtr

Thread Starter

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Quote:

Originally Posted by Luv2Rotate

Anyone hear more about those 5 new Q400s sitting in Toronto painted in United colors? I've seen them myself but no tail registration yet.

Just couldn't help yourself could you? Hasn't that already been beaten to death... move on.

02-25-2012 | 07:59 AM

#28

AxialFlow

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Quote:

Originally Posted by maple

Do you guys really think they want to keep it negative and show it to investors?

Just another move out of the old management playbook. I believe this came from the chapter, "So You Want to Start a Sham Bankruptcy?". It's kind of like a firefighter starting a fire so they can run in and save the day. Except when Menke puts this man-made fire out, the stock price will jump and he'll have lower labor costs than some of his competitors, and management gets bonuses. God forbid he actually put his MBA to use and earn his $425,000/yr honestly.