Who's next?

[redflyer65]

Who's next?


Skybus as of tonight....

See ya.

 

[9rj9]

hahQ!!

Skybus is next to go under. VP of OPS quit today...going back to Delta for another 500K VP job

now if could just pick stocks as well...

 

[PlaneDrvr]

Planedriver, Skybus isn't a public company so it's not easy to find that answer.

Andy,

I guess we now know the 'answer' tonight!!

Less than a year of ops, so did take them long to go through that $175mil. If its almost gone, kinda 'record pace.'

For what its worth.

DA

 

[T-Bags]

now if could just pick stocks as well...

Well, too bad Skybust wasn't public...I know a certain pilot who made an obscene amount of cash sell naked calls on Indy Air...This skybust debacle could have made all of us rich!!

 

[T-Bags]

Andy,

I guess we now know the 'answer' tonight!!

Less than a year of ops, so did take them long to go through that $175mil. If its almost gone, kinda 'record pace.'

For what its worth.

DA

Nah, I think Indy went thru more cash, faster.

 

[Andy]

Andy,

I guess we now know the 'answer' tonight!!

Less than a year of ops, so did take them long to go through that $175mil. If its almost gone, kinda 'record pace.'

For what its worth.

DA

PlaneDrvr, I suspect that the investors pulled the plug early; I'd have a hard time believing that they could burn through that kind of money. Indy Air was only able to burn through ~90 mil/qtr and they had a bunch of RJs.

 

[PCL_128]

Andy, never underestimate the incompetence of management!

 

[jonjuan]

Andy, never underestimate the incompetence of management!

No kidding-speaking of which, when will Frontier be Toast?

 

[zkmayo]

When will we all be toast?

I tell ya, people who live in glass houses shouldnt throw stones.

Good luck all.

 

[Prop2Jet]

Get a stable job while you still can....

 

[Beetle007]

For it's size, Skybus was very well capitalized - somewhere around $175M. Unless Skybus' investors (IIRC, there were several Columbus businesses that provided the startup money) pull their money, I don't see them going away any time soon.

Its called "cashing out". When gamblers are losing money at a table they take their money and walk. The same goes with airline investors.

I see lots of propoganda about the "corporate rat" and how it is us vs. management. But, they are the hand the feeds us. Be careful how hard you bite.

 

[Beetle007]

Planedriver, Skybus isn't a public company so it's not easy to find that answer.

Just like public companies Skybus has to report each quarter. At the end of the last quarter they had 79,546,000 cash.

 

[castle bravo]

007,
How much did NK have at the end of the last qtr?

 

[Beetle007]

Skybus had 79,546,000 Cash and 0 short term investments at the end of last quarter

Spirit had 60,569,000 Cash and 37,925,000 short term investments at the end of last quarter.

Frontier had 181,000,000 cash and 0 short term investments

This week made me realize you don't have to run out of money to go out of business. The board of directors just has to decide they will lose money by continuing operations. They simply "cash out"

You can find this info on schedules B-1 and P-12 on the BTS.gov website. Click on the word "Schedule B-1" or "Schedule P-12". I wouldn't recommend using the download feature unless you want to spend time working in an excel spreadsheet.

http://www.transtats.bts.gov/Tables...ial Data)&DB_Short_Name=Air Carrier Financial

 

[Bavarian Chef]

Get a stable job while you still can....

There are stable jobs? You mean with horses?