The plan going forward
06-04-2024 | 01:14 PM
#81
Line Holder
Joined: Feb 2019
Posts: 1,227
Likes: 34
From: baller, shot caller
When are we gonna get flow thru to Mesa?
06-04-2024 | 02:33 PM
#82
CA-ORD
Joined: Mar 2022
Posts: 191
Likes: 0
I hear a lot of chatter from people in the last 48 hours about SWA buying us. This seems to be an ongoing rumor. MY TAKE on this is I really doubt SWA is looking at us. They want smaller planes, not bigger ones. A big thorn to SWA is they have been taking Max 8 deliveries when they wanted Max 7 because the Max 7 is not yet certified - and they have too much capacity as a result on routes. We are getting rid of our 319s... so a 320/321 airline. That doesn't fit with SWA wanting smaller. What does fit is someone with 220's - the 220-300 is pretty much the same size as the 737-700 - and the max will be the last iteration of the 737 anyway, so SWA needs to move to a new plane. The 220 makes a lot of sense for them, the 320 not so much...
06-04-2024 | 02:50 PM
#83
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Joined: Dec 2022
Posts: 1,372
Likes: 141
How do you figure? $1.2B in liquidity but $600M is reserved for credit card holdback (union's best estimate) so that's only $600M in actual liquidity. With a burn rate of $150M/quarter that puts the music stopping at 1 year from now. I don't see any what that we can make it to fall 2025 without a significant change.
06-04-2024 | 03:52 PM
#84
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Joined: Feb 2007
Posts: 1,451
Likes: 24
From: Airplanes
You don’t burn down to zero. A bankruptcy (restructuring or liquidation) filing would come before that. Ted said in the last town hall the expect news on the debt due 2025 and 2026 this summer. My guess is if no renegotiation on that by September a bankruptcy filing will be right after
06-04-2024 | 07:37 PM
#89
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Joined: Aug 2014
Posts: 449
Likes: 0
So what do you guys make of our CFO leaving for Hertz? Kinda makes you wonder when the C suite guys start bailing, especially the money guy.
06-04-2024 | 09:09 PM
#90
Line Holder
Joined: Apr 2016
Posts: 778
Likes: 16
From: A320 CA
They came here to merge with Frontier and get very rich. That plan got shot down 2 years ago and they basically took their ball and went home, leaving the operation to struggle with no help from above. To me, them leaving now means that there's officially no chance of revisiting the F9 merger.
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