ivauir
SNIKT!
- Joined
- Jan 13, 2002
- Posts
- 1,476
There Ivauir, did I hurt your feelings again? Anything up there that I said wrong? Correct me please.......
No hurt feelings, I'm just keeping you honest, because you are unable to do so yourself.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
There Ivauir, did I hurt your feelings again? Anything up there that I said wrong? Correct me please.......
No hurt feelings, I'm just keeping you honest, because you are unable to do so yourself.
I know two people who left Delta and have now been flying with SWA for about a year.
One was a 9 year JFK Based International B-767 FO.
Another was a 25 Year International B-767 Captain. He retired early to protect his A fund and came to SWA at the age of 56 to pull the gear.
Flying heavies international can only go so far. The way you are treated by your company, your pay, and your QOL are much more important.
Some think it is better at Delta, some think it is better at SWA. However, I do find it ironic that 2 tenured Delta Pilots left to come to SWA because they stated that Delta "was a lost cause." Who knows if they will be right in the end.
deleted...not worth the bandwidth.
I know two people who left Delta and have now been flying with SWA for about a year.
One was a 9 year JFK Based International B-767 FO.
Another was a 25 Year International B-767 Captain. He retired early to protect his A fund and came to SWA at the age of 56 to pull the gear.
Flying heavies international can only go so far. The way you are treated by your company, your pay, and your QOL are much more important.
Some think it is better at Delta, some think it is better at SWA. However, I do find it ironic that 2 tenured Delta Pilots left to come to SWA because they stated that Delta "was a lost cause." Who knows if they will be right in the end.
>>Sounds like there could be huge growth<<
I'll bet those sounds get louder the closer to the men's room you stand.
Huge growth takes two things.
1. Money
2. Airplanes
1. Money. You don't have any. Fresh out of BK you still have 8 Billion (with a "B") dollars in debt. That takes approximately a billion dollars a year off the bottom line JUST FOR DEBT SERVICE. You can always borrow more but your interest rates are junk because your credit rating is junk.
What about the equity markets? Well your Market Cap is half what your outstanding debt is and your debt to equity ratio is in the same men's room the growth sounds are eminating from. Your financial state is best summarized by a little hand written sign at the Burger King in PHL. It states that they will no longer accept food vouchers from Delta Airlines.
2. Airplanes. You currently have approximately 135 gas guzzling, skin cracking, ain't worth d!ck on the used market, MD's that provide work for 1300 of your pilots. When the next fuel spike inevitably happens, guess where those Maddogs and their 1300 jobs are going. Hint: Google search "Marana". In a few years you can crush a little piece of history into your forehead after a cool refreshing Coors light.
While it is true that you have a handful of shiney new 777's coming at a blistering rate of two a year, it is also true that you have almost 40 firm orders for fuel efficient B737-800's that are worth so much on the market that you are selling those 400 jobs, oops I mean, purchase options on the open "healthy" market for a profit. Apparently you need the cash bump and the avoidance of capital expenditure more than new jobs, oops I mean, fuel efficient airplanes.
Even if you could muster up the cash and credit to buy new airplanes, the order books for Boeing and Airbus are several years booked out, so grab a number quick.
Not all is bleak however, I have seen many news items concerning new flights and growth that Delta is starting. You just open the news story and read a bit and find out that it is actually SkyWest who can both get the airplanes and afford to pay for them.
A lot of guys left when there was a lot of uncertainty in the beginning of BK, and when our old management was bailing with their own pensions. Those guys will grow tired quickly of their multiple leg days with 25 minute turns. That ex JFK 767 FO will dream of past layovers in Nice, Barcelona, and new ones he could have tried, like Pisa, Budapest, and Kiev. Oh well, enjoy ELP.
Bye Bye--General Lee