Aloha Airlines files for Chapter 11 bankruptcy

[Dan Roman]

For the record. Some people were running around saying HAL is only profitable because they are in BK. Not so.
They started becoming profitable when they finished the transition from an old fleet to a new one. This coincided with a large investment in technology (thanks to their president M. Dunkerly). These investments paid off in spades. The IT investment almost doubled the yield without increasing the cost of tickets to the pax. I was amazed when I saw what internet sales, yield management and no coupon sales did to our yield. Hawaiian has made huge strides operationally. We sucked back in the 1990's, it is a very well run airline now.

http://www.fool.com/News/mft/2005/mft05010314.htm?source=eptyholnk303100&logvisit=y&npu=y

Keep in mind that if BK meant not paying bills and turning an easy profit USAir and UAL would not be in the shape they are in.
I'm not trying to rub it in, but you guys (AQ) don't need to be making decisions based on false perceptions. I'm sorry to say your management did you no good by habitually talking stink about HAL rather than worrying about making AQ better.

 

[Jim]

Don't take this the wrong way, but I keep hearing about these record profits at Hawaiian. Isn't it easy to make a profit when you are getting huge breaks from your creditors and paying only pennies on the dollar on a certain unpaid tax bill?

According to the company, the profits are calculated as if we are paying all our bills. Originally at the pre-bankruptcy rate and than at the new rates as negotiations were completed with the creditors.

 

[Dan Roman]

Also, most of us were/are very happy with ALPA throughout the entire process.

 

[English]

Anyone think it's weird that Banmiller hired Rudy Guiliani's advising firm to see us through this?

 

[dash8driver]

Anyone think it's weird that Banmiller hired Rudy Guiliani's advising firm to see us through this?

what are you trying to say?

 

[kill whitey]

Well, first of the furloughs went out today at Aloha. The 10 guys in the November 1st class are gonna get paid until January 19th. Hope that "expansion" happens sooner rather than later.

 

[AQ PILOT]

Go easy on Whitey, he's a friend of mine...hey where'd you get that info? I haven't seen it anywhere as of yet...any more info than what you just posted?

 

[Polaris]

Its true! The calls went out today for the furlough.

 

[RJP]

Sorry to hear that they dropped the F-Bomb.

Hope that it's for a VERY short time.

Best of luck guys.

 

[islandhopper]

Well as long as WP doesnt have any new hire pilot classes things should remain fairly civil out here till they bring our crew back.

Sorry to hear that they dropped the F-Bomb.

Hope that it's for a VERY short time.

Best of luck guys.

 

[Whale Rider]

Sorry to hear it guys, 10 more of our brothers on the street, American is letting another 44 guys go also. Unbelievable state of our industry.

 

[Pull & Rotate]

February bid packet does not show any new flying to replace the South Pacific stuff that is going away in the middle of January. What are they going to do that aircraft and when?? This would help out the overstaffing situation.

 

[Getter]

WHALE RIDER,

I saw your avatar and thought it likely you're a Polar guy. Any insight or experience with L. Steele & company? Perhaps something to say about Capt. Rand? We'd all be very curious to know.

Thanks!

 

[Getter]

February bid packet does not show any new flying to replace the South Pacific stuff that is going away in the middle of January. What are they going to do that aircraft and when?? This would help out the overstaffing situation.

One aircraft is scheduled to be in maint. until spring break. Full force during spring break and summer. Evidently, we are trying to do more in-house maint. during the slow season. Wow, that makes sense for a change!

 

[Whale Rider]

WHALE RIDER,

I saw your avatar and thought it likely you're a Polar guy. Any insight or experience with L. Steele & company? Perhaps something to say about Capt. Rand? We'd all be very curious to know.

Thanks!

No experience with either....yet. I'm always under the radar and out of the way.

 

[Freight Dog]

One aircraft is scheduled to be in maint. until spring break. Full force during spring break and summer. Evidently, we are trying to do more in-house maint. during the slow season. Wow, that makes sense for a change!

I suspect and I hope I'm wrong... but those guys will be out for a LONG time with more of us joining them at the beach... they want us to fly to the FAR's, combine -200 and -700 bases, give up our retirement, take further paycuts, and all sorts of other things that have no cost attached to them. I put my faith in our MEC... but I dont know how much they can do given the current conditions.


Sad... very sad..

 

[AQ PILOT]

This is either a great smoke and mirror show or we really are in a bad way. The fact that the owner's put in some $$ makes me feel a bit better...They aren't known for throwing good money after bad....

 

[English]

Read the bankruptcy papers...mention is made of possibly becoming an inter-island-only carrier again.

In fact, there are many clues and scenarios covered in those papers. Hope you guys have been reading them.

 

[dash8driver]

WHALE RIDER,

I saw your avatar and thought it likely you're a Polar guy. Any insight or experience with L. Steele & company? Perhaps something to say about Capt. Rand? We'd all be very curious to know.

Thanks!

doh! you called him "captain". he likes it when you do that. it gives him the tingles down in his special place.

 

[Sleepyhead]

Read the bankruptcy papers...mention is made of possibly becoming an inter-island-only carrier again.

that is a red-herring. If they do that, they might as well just shut down. They already gave a bunch of flying to WP and they have admitted that the yield in the inter-island market is very low. It also says in the BK papers that once they re-organize there are a number of market opportunities they can take advantage of.
Banmiller has said numerous times he wants to add some mainland destinations. He is going to use the old tactic of saying "we can't expand until you guys give some concessions". Also, Nutly has a background with those vacation package companies. You can bet when he gets some concessions you will see the new marketing plan.