Airlines in Jeopardy

[Erlanger]

http://news.morningstar.com/articlenet/article.aspx?id=237841

plus video,

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=8010010&src=finance&ch=4535474

 

[USCtrojan]

http://news.morningstar.com/articlenet/article.aspx?id=237841

plus video,

http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=8010010&src=finance&ch=4535474

Interesting stuff. Just heard the CEO of Frontier (Sean Menke) secured $100 million in financing for Frontier Airlines. And the words, "There's more where that came from." I don't know if it's from private investors or Gov't backed. I'd say that bought Frontier some more time. How much, who knows, but hopefully enough for this stupid Industry to start recovering from the bleeding, or stopping it.

Trojan

 

[thepotato232]

Interesting stuff. Just heard the CEO of Frontier (Sean Menke) secured $100 million in financing for Frontier Airlines. And the words, "There's more where that came from." I don't know if it's from private investors or Gov't backed. I'd say that bought Frontier some more time. How much, who knows, but hopefully enough for this stupid Industry to start recovering from the bleeding, or stopping it.

Trojan

Really? That's great news. Where'd you hear that? I can't seem to find the story anywhere else, but I'm hoping it's true.

 

[sktwstdfrk]

I'll take "We're all F***ed for $1000, Alex."

 

[USCtrojan]

Really? That's great news. Where'd you hear that? I can't seem to find the story anywhere else, but I'm hoping it's true.

Got it from a senior Captain at Frontier. I gathered it was from an internal memo. Hopefully it will be public very soon.

Trojan

 

[ePilot22]

Great article. It's nice to know the opinion of actual financial news writers instead of airline pilots or CNN cut and paste understanding of the industry.

Morningstar doesn't paint "the sky is falling" picture.

Thanks for posting, Erlanger.








eP.

 

[Gnarloooo]

Where were you
When we needed you
Well you could not be found
What can I do
Oh, I believed in you
You're flying me around

Well you can take it as a warning
Or take it anyway you like
It's the furlough, not the rumor
You never know where it's gonna strike

Airlines in jeopardy, baby
Ooooh-ooh-oooooh
Airlines in jeopardy, baby
Ooooh-ooh-oooooh

Don't be cute
Don't be funny now
It's later than you think
Oh, what's the use
Save your money now
It's hanging on the brink

Don't let go while I'm hanging on
'Cause I been hanging on so long
It's so hard to be all alone
I know you're not that strong
Yeah, yeah

Airlines in jeopardy, baby
Ooooh-ooh-oooooh
Airlines in jeopardy, baby
Ooooh-ooh-oooooh

[Instrumental Interlude]

Don't let go while I'm hanging on
'Cause I've been hanging on so long
It's so hard to be all alone
I know you're not that strong
Yeah, yeah

Airlines in jeopardy, baby
Ooooh-ooh-oooooh
Airlines in jeopardy, baby
Ooooh-ooh-oooooh
Airlines in jeopardy (jeopardy), baby
Ooooh-ooh-oooooh
Airlines in jeopardy (jeopardy), baby
Ooooh-ooh-oooooh
Airlines in jeopardy, baby

 

[Erlanger]

Another doom and gloom article.

http://www.businessweek.com/bwdaily/dnflash/content/may2008/db20080527_408257_page_2.htm

 

[atlcrashpad]

MESA Sux............
J.O. blows.... bouyyyyyyy....

 

[USCtrojan]

Got it from a senior Captain at Frontier. I gathered it was from an internal memo. Hopefully it will be public very soon.

Trojan

Just was told that in fact, Frontier did NOT secure that financing. I'm sorry for spouting too soon. Good luck Frontier, I hope you can weather this storm!

Trojan