Airtran's cash position dwindling quickly!

[BR715]

We lost 118 million for the fourth quarter. Down to 340 million in cash. One more quarter like this and I think we might have to go into bankruptcy! Discuss.

 

[Mongolikecandy]

We lost 118 million for the fourth quarter. Down to 340 million in cash. One more quarter like this and I think we might have to go into bankruptcy! Discuss.

Read the release... most cash on hand since 2005. I wouldn't worry just yet. Plus, we had an operating income of almost $55 million in the 4th Quarter. Yes, I know, there was a huge hit on bad hedges but we aren't the only ones who got bit on the ass for that. Things could be much worse.

 

[Secret Squirrel]

Highest year end cash position Airtran has ever had. Plus it was a 55ish million dollar operating Profit, the highest ever, with a one time charge for unwinding fuel hedges resulting in a loss. I am sure it is enough for big BOB to take a 5 million dollar bonus and tell us we can't have a contract.

 

[Colonel Savage]

Stock opened up 5%.

 

[crj567]

The sky's the limit!!! Keep right on whistling by the graveyard....

-The reason they have a lot of cash is because the credit card people were about to pull a "Frontier" on them, and increase their holdback.... Airtran had no choice but to start stacking bucks-they did so by selling planes and other vital assets which restrict growth opportunities. I am sure AirTran would like to be taking advantage of places the big "D"" is pulling back in.

No one is safe in this economy-Obama will only make it far worse.

 

[Eagle757shark]

The sky's the limit!!! Keep right on whistling by the graveyard....

-The reason they have a lot of cash is because the credit card people were about to pull a "Frontier" on them, and increase their holdback.... Airtran had no choice but to start stacking bucks-they did so by selling planes and other vital assets which restrict growth opportunities. I am sure AirTran would like to be taking advantage of places the big "D"" is pulling back in.

No one is safe in this economy-Obama will only make it far worse.

Hey you idiot the man has only been in office one week. He didn't put this country in a recession. Fuel didn't go to a all time high under his watch. Foreclosures at a all time high didn't come about under his watch. Airlines didn't go into bankruptcy under his watch (Delta, US Airways, United, ATA, Frontier, Northwest, Aloha, Independence Air, Skybus, Champion).
I do know that under the previous administration we watched our industry get beat down. Pilots lost their pensions, labor contracts have been destroyed, and the National Mediation Board has used the previous administration guidelines to prevent managements from negotiating labor contracts fairly by stalling and finding loop holes against labor.

PLEASE don't make this a political topic. This countries ECONOMY has gone to HELL in the last eight years! Any airline pilot here who hasn't felt it is being very naive. You may not like who the next president is, but he is the president! He has a monumental task to turn this countries economy around and he needs the support of the american people. The problems with this economy stem from GREED and SELFISHNESS! Look at that piece of trash that gave millions of dollars in bonus' to Merrill Lynch executives, then had the nerve to ask us the tax payers to bail his ass out! Back in 2002 Stephen Wolf and his executives asked the government for a bailout through the ATSB Loans and then walked away with 35 million dollars. US Airways went into bankruptcy and the pilots lost their pensions.

Things will probable get a little worse before they get better. But at least we didn't hear that the economy was sound for a whole year before the previous administration would admit that we were in a recession. Don't make this about our president, it's about your damn CEO's that are stealing from the american people and the hard workers of this country! Now, back to my breakfast!!!!

 

[ACL65PILOT]

AAI was down to 317 million a few quarter ago. With fuel where it is at, they should be fine in the short turn.

Everyone is burning though cash. I do not have the number in front of me but most of the majors went though about a billion each last quarter. Now of course you need to look where it went, but the fact is that everyone is burning cash.

 

[atldc9]

The sky's the limit!!! Keep right on whistling by the graveyard....

-The reason they have a lot of cash is because the credit card people were about to pull a "Frontier" on them, and increase their holdback.... Airtran had no choice but to start stacking bucks-they did so by selling planes and other vital assets which restrict growth opportunities. I am sure AirTran would like to be taking advantage of places the big "D"" is pulling back in.

No one is safe in this economy-Obama will only make it far worse.

Actually, the CEO told an interviewer last week that the creditcard holdback was up to 50%. The cash reported on hand at the end of the year, $340 million, is unrestricted cash. AirTran did not give out the amount that is being heldback, although they did mention that they had $30 million tied up in fuel hedge collateral.

What do I know, I thought it looked pretty bad, but the stock is up 10%.

 

[Lampshade]

PLEASE don't make this a political topic.

Do you realize that you went on for three paragraphs about politics. :smash:

 

[RIDETHELIGHTING]

oh no!! the sky is falling!!

 

[Mamma]

So its OK for you to call names and point fingers. Hmmmm. The economy, to the best of my memory was pretty damn hot most of Bush's tenure. It went in the toilet over the last year and a half or so of his tenure. Did the Democrat majority have anything to do with it? Barney Frank and Chris Dodd and the sub-prime policies? Where were the Dems helping us out? I am not trying to make this partisan but I am tired of mindless lemmings like you pointing blame in only one direction. Do you run around in life with bliders on? Let me give you a little clue....they are ALL corrupt bastards. Focusing your finger in only one direction allows all the rest of the dirty corrupt bastards to get away.

Hey you idiot the man has only been in office one week. He didn't put this country in a recession. Fuel didn't go to a all time high under his watch. Foreclosures at a all time high didn't come about under his watch. Airlines didn't go into bankruptcy under his watch (Delta, US Airways, United, ATA, Frontier, Northwest, Aloha, Independence Air, Skybus, Champion).
I do know that under the previous administration we watched our industry get beat down. Pilots lost their pensions, labor contracts have been destroyed, and the National Mediation Board has used the previous administration guidelines to prevent managements from negotiating labor contracts fairly by stalling and finding loop holes against labor.

PLEASE don't make this a political topic. This countries ECONOMY has gone to HELL in the last eight years! Any airline pilot here who hasn't felt it is being very naive. You may not like who the next president is, but he is the president! He has a monumental task to turn this countries economy around and he needs the support of the american people. The problems with this economy stem from GREED and SELFISHNESS! Look at that piece of trash that gave millions of dollars in bonus' to Merrill Lynch executives, then had the nerve to ask us the tax payers to bail his ass out! Back in 2002 Stephen Wolf and his executives asked the government for a bailout through the ATSB Loans and then walked away with 35 million dollars. US Airways went into bankruptcy and the pilots lost their pensions.

Things will probable get a little worse before they get better. But at least we didn't hear that the economy was sound for a whole year before the previous administration would admit that we were in a recession. Don't make this about our president, it's about your damn CEO's that are stealing from the american people and the hard workers of this country! Now, back to my breakfast!!!!

 

[180ToTheMarker]

Let me give you a little clue....they are ALL corrupt bastards. Focusing your finger in only one direction allows all the rest of the dirty corrupt bastards to get away.

Good post...the downward spiral of the economy (along with ungodly gas prices) started soon after the dems took over congress.

 

[realmanofgenius]

I thought MBAs were taught how to figure all this out.

they need to borrow a play from George Castanza's playbook:

when ever you think of doing somehting, decide to do the exact 180 degree opposite thing. It worked for George.

 

[Eagle757shark]

So its OK for you to call names and point fingers. Hmmmm. The economy, to the best of my memory was pretty damn hot most of Bush's tenure. It went in the toilet over the last year and a half or so of his tenure. Did the Democrat majority have anything to do with it? Barney Frank and Chris Dodd and the sub-prime policies? Where were the Dems helping us out? I am not trying to make this partisan but I am tired of mindless lemmings like you pointing blame in only one direction. Do you run around in life with bliders on? Let me give you a little clue....they are ALL corrupt bastards. Focusing your finger in only one direction allows all the rest of the dirty corrupt bastards to get away.

I for one do not walk around with BLINDERS! The comment the poster made was that the current president was going to make it worse. That is a IGNORANT statement regardless of what political party you are affliated. He has only been in office one week. So we don't know what is going to happen. Give the man a chance. That is all I was saying. Because you don't like the man is your problem if that is what you are getting at. He is the current president. Give him a chance to try and fix the problem.
I don't need a clue from you, I'm well aware of what is going on right now!

 

[Mamma]

My apologies. From what you wrote previously it seemed you had no idea what was going on and that you were completely ignorant of what went on over the last eight years. In fact, you called anyone who did not agree with you "naive." But, since you say you don't need a clue, I retract the one I gave you. My mistake.

I don't need a clue from you. I'm well aware of what is going on right now!