Originally Posted by Caveman
(Post 3112634)
As a Nation we are well past the era of accountability...that's so 1950s
What happened to Ford, GM, and Chrysler...none of them were allowed to fail during the last financial crisis...what's different this time that makes you think any company will be allowed to fail? |
Originally Posted by Caveman
(Post 3112634)
As a Nation we are well past the era of accountability...that's so 1950s
What happened to Ford, GM, and Chrysler...none of them were allowed to fail during the last financial crisis...what's different this time that makes you think any company will be allowed to fail? I do not think the current administration, would do the same . |
Originally Posted by Caveman
(Post 3112634)
As a Nation we are well past the era of accountability...that's so 1950s
What happened to Ford, GM, and Chrysler...none of them were allowed to fail during the last financial crisis...what's different this time that makes you think any company will be allowed to fail? GM: Ch.11 in 2009. Filed after there request to merge with Ford was declined by Ford. Chrysler: Ch.11 in 2009 Ford: almost filed but avoided it. some believe better management and a better product line (F150 pickups v PT Cruisers and Buick Lacrosses) helped them narrowly avoid Ch 11. |
Originally Posted by senecacaptain
(Post 3112754)
GM: Ch.11 in 2009. Filed after there request to merge with Ford was declined by Ford.
Chrysler: Ch.11 in 2009 Ford: almost filed but avoided it. some believe better management and a better product line (F150 pickups v PT Cruisers and Buick Lacrosses) helped them narrowly avoid Ch 11. |
Originally Posted by BobZ
(Post 3112806)
Im dusting off memories but I think Ford also had fortunately practiced a contrasting debt and liquidity model prior to the crisis which helped when things went bad?
Also, the above companies filed, or came close to filing, Ch.11 The bailout was approved by Bush in December 2008 via Executive Action, after the Senate shot it down. It required "drastic changes" internally at the companies as part of the package. 3-6 months later GM and Chrysler filed Ch.11 |
It JUST DOESN’T MATTER.
Southwest and the other single-type fleet airlines have a far superior model for this situation, much less dependent on business and international flying and much less affected by training churn if displacements and furloughs become necessary. And much less dependent on regional feed which will be hit badly next year by scope limitations based on this years reduced parent major blockhours. Yes, a rising tide lifts all boats and an ebbing tide lowers them all too, but in this case the different models don’t allow that tide to affect them all EQUALLY. You don’t have to wish ill on the employees of other carriers to acknowledge that some business models are going to do better than others in the new environment. Or that it is in the nature of management - indeed, part of their due diligence to stockholders - to take advantage of opportunities to gain market share: Airlines have been deregulated. They ain’t a public utility any more. And Capitalism is always a little cutthroat. https://i.ibb.co/BchBLJn/4-FD760-FD-...FD05-BCBA8.jpg It’s gonna happen. |
These words will very likely be proven true over time. Its not like any vacuum created by airlines who won’t make it won’t be gladly filled by those who will.
If history shows anything it is that absolutely everything flows and nothing stays the same. |
You still live in a glass house. All the glee of potential demise of other airlines is premature, if not in not in bad taste. Carry on corn dog warriors.
p.s. I'll be the one slowing to final approach speed before the outer marker just to make you annoyed. |
I hope that wasn’t for me. I hope and pray every last of our brothers and sisters keep their jobs. But I do think that you will see a lot of airlines having to rethink their business model going forward to survive and grow from there.
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Originally Posted by Jaded N Cynical
(Post 3113140)
You still live in a glass house. All the glee of potential demise of other airlines is premature, if not in not in bad taste. Carry on corn dog warriors.
p.s. I'll be the one slowing to final approach speed before the outer marker just to make you annoyed. Sent from my Pixel 3a using Tapatalk |
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