Ex737Driver
Contract 2020????
- Joined
- Aug 14, 2004
- Posts
- 1,240
Hard to believe that an ex-oil man could do so poorly on fuel hedges. That's pretty forked up.
Yeah, a merger is really gonna help out this situation.:erm:
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Hard to believe that an ex-oil man could do so poorly on fuel hedges. That's pretty forked up.
-- Announced a plan to reduce 2008 non-fuel costs by an incremental $200 million and to reduce 2008 capital expenditures by $200 million.
-- Acted decisively to reduce mainline domestic capacity by approximately 9 percent by the fourth quarter, on top of a 5 percent reduction in the fourth quarter of 2007.
-- Announced plans to eliminate 30 aircraft from its operating fleet, 10 to 15 more aircraft than initially announced in March.
It would be cheaper to just let them liquidate and buy whatever routes are available for pennies on the dollar. Their only savior would be for the feds to let foreign carriers buy them.....but even that may be a hard sell.
I'd say the same if cash on hand remained stable. That was a hefty decrease in cash. I did a cursory glance and it looked more like a fire than smoke and mirrors.
CASM ex-fuel and special items was only up by 2.4%; reasonable.
PRASM was up 8.7%.
Fuel costs were up 51.3%.
Oil prices have skyrocketed in April so even with the fare increases, it looks like UAUA will take a heavy hit in the current quarter.
Hard to believe that an ex-oil man could do so poorly on fuel hedges. That's pretty forked up.
Well it appears I was a fool to leave AirTran after all. Should have known, approaching 1.5 years again…that seems to be my longevity at U.Andy, you are further up the pole than me. Not sure about the number of new hires. We may be in the same A320 class before pounding the pavement. I am in the UPS pool but that appears bleak as well.
Grizz