ALPA sacrifices General Lee

[acaTerry]

What doesn't make sense is how YEARS of mismanagement and thoughtless misappropriations of funds goes without so much as a raised eyebrow, and then when labor refuses to continue footing the bill for management stupidity, its supposedly labors fault the airline goes down.

 

[John Pennekamp]

The Delta pilots sure do paint a lot of doom and gloom, but I'm not buying into it. If Delta goes away, sadly Comair will too due to their affiliation with big D. What's really sad is that Comair was an outstanding company until Delta got their grubby hands on them. I can only thank God that ASA was lucky enough to be sold off to a more competent organization.

But like Monkey said, Northwest will be circling like vultures over the ATL airport along with all the other majors if Delta liquidates. Investors are probably lining up outside UAL, CAL and AMR begging for the chance to plug money into an ATL operation. In fact, Delta will be replaced so fast it will make General Lee's head spin. I'm sure some LCC's will want a piece of that pie too, but with Airtran being the dominant force in ATL I doubt the Southwests and JB's will be too interested.

Also, Jerry Atkin mentioned in one of his pilot lounge visits that talks are already under way to secure Comair's 70 seat leases in the event of a liquidation. He has a bid on CAL express flying and he is discussing ATL feed opportunities with other carriers that swoop in on Delta. Sounds to me like Jerry has a plan with multiple backups. ASA will take a hit initially from a Delta walkout, but they will stay on their feet and prosper long term.

You really think Delta controls ASA's future? Riiiiight. LMAO!

Bye Bye, General Lee!

Sorry, Gen, bit I've got to agree. The DMEC may "flush their own and Comair's jobs down the toilet", but after a two or three month hiatus, ASA will be just fine.

You will actually be helping us by releasing us from the asinine code share agreement our management signed, and deleting the scope restrictions.

I hope you strike. But I know you won't.

Let me lay this irony on you... it may actually be the Comair flight attendants who "flush all of your jobs down the toilet". They passed a 93% strike resolution and have nothing to lose. Every one of them can get a better job elsewhere. If they shut down Comair, it will force DAL into Chapter 7.

 

[ohplease!]

I just purchased a nice house in Peachtree City, GA, designed, built, and owned by a Delta pilot.

After I moved in, I realized there were no ventilation fans in any of the bathrooms.

Now THATS funny....:laugh:

 

[WSurf]

What doesn't make sense is how YEARS of mismanagement and thoughtless misappropriations of funds goes without so much as a raised eyebrow, and then when labor refuses to continue footing the bill for management stupidity, its supposedly labors fault the airline goes down.

That's very true! I feel for the Delta guys, they will take cuts again. If someone was gonna hold the line it should have started earlier with US Airways Pilots. But they knew that if they did strike that the airline was gonna go away. I think if US Airways would have gone away, all the other airlines would have benefited. Now that all the big guys have fallen in terms of pay, theres nothing Delta pilots can do now!
Enjoy the profession that we all have chosen!!!

 

[General Lee]

Sorry, Gen, bit I've got to agree. The DMEC may "flush their own and Comair's jobs down the toilet", but after a two or three month hiatus, ASA will be just fine.

You will actually be helping us by releasing us from the asinine code share agreement our management signed, and deleting the scope restrictions.

I hope you strike. But I know you won't.

Let me lay this irony on you... it may actually be the Comair flight attendants who "flush all of your jobs down the toilet". They passed a 93% strike resolution and have nothing to lose. Every one of them can get a better job elsewhere. If they shut down Comair, it will force DAL into Chapter 7.

Oh my gawd, are you kidding me? ASA would be gone so fast it would make your head spin. Who will pick up their feed? Nobody right now (legacy wise) has the resources to come into ATL and set up a major hub requiring feed. Nope. Hgih gas prices have taken away a lot of the extra cash. The legacies haven't been buying as many new aircraft as of late, instead allowing their regionals to buy RJs. That won't help ASA. The LCCs do NOT want feed, and Airtran tried it and said NO. Southwest and Jetblue might be able to use some new planes, but also do not want the feed. Nope. SkyWest would have to park ASA for a few months to try to figure out what to do or who to UNDERCUT next. THey would never re-emerge. Nobody needs extra 50 seaters. Half of SkyWest's side (the DL side in SLC) would also be parked. Same with CHQ's 50 seaters, and Freedom's ERJs.

As far as Comair's FAs, I think you are right, they could do a lot of damage. Will DL's creditors (who really OWN DL and COmair now) allow that? No way. They will cave, since they already got the pilots to cave. How much are they looking for again from the stews? $15 or so million a year? The creditors belch that much every morning. Trust me, they are focusing on the new stock that COULD emerge if DL comes out of bankruptcy, to make up for some of their huge losses.


Bye Bye--General Lee

 

[General Lee]

That's very true! I feel for the Delta guys, they will take cuts again. If someone was gonna hold the line it should have started earlier with US Airways Pilots. But they knew that if they did strike that the airline was gonna go away. I think if US Airways would have gone away, all the other airlines would have benefited. Now that all the big guys have fallen in terms of pay, theres nothing Delta pilots can do now!
Enjoy the profession that we all have chosen!!!

You really do like to say "they will take it and there is NOTHING they can do now." Sure there is, and we will do it. I already PM'd you with the response our friends will take, but you seem to overlook that. No more PMs for you.


Bye Bye--General Lee

 

[General Lee]

The Delta pilots sure do paint a lot of doom and gloom, but I'm not buying into it. If Delta goes away, sadly Comair will too due to their affiliation with big D. What's really sad is that Comair was an outstanding company until Delta got their grubby hands on them. I can only thank God that ASA was lucky enough to be sold off to a more competent organization.

But like Monkey said, Northwest will be circling like vultures over the ATL airport along with all the other majors if Delta liquidates. Investors are probably lining up outside UAL, CAL and AMR begging for the chance to plug money into an ATL operation. In fact, Delta will be replaced so fast it will make General Lee's head spin. I'm sure some LCC's will want a piece of that pie too, but with Airtran being the dominant force in ATL I doubt the Southwests and JB's will be too interested.

Also, Jerry Atkin mentioned in one of his pilot lounge visits that talks are already under way to secure Comair's 70 seat leases in the event of a liquidation. He has a bid on CAL express flying and he is discussing ATL feed opportunities with other carriers that swoop in on Delta. Sounds to me like Jerry has a plan with multiple backups. ASA will take a hit initially from a Delta walkout, but they will stay on their feet and prosper long term.

You really think Delta controls ASA's future? Riiiiight. LMAO!

Bye Bye, General Lee!

Investors are lining up? How would that work again? Investors come in during a bankruptcy, not in normal times. And NW could circle in, huh? It would take a while to refurbish any DC9s parked in the desert, and even then ASA would be parked for awhile. I am so glad JA is scrambling for feed opportunities. Apparently he was shot down by Jetblue and Southwest to fly E190 type aircraft for them. His record isn't 100%, but heck, he keeps trying. He sure doesn't want his $425 million baby to get parked....... I see them going down if we liquidate, and high gas prices will keep the others at bay.


Bye Bye--General Lee

 

[WSurf]

No more PMs for you.
Bye Bye--General Lee

No Soup For me? Okay, I'll award you a point on that!

 

[CFIT]

Oh my gawd, are you kidding me? ASA would be gone so fast it would make your head spin. Who will pick up their feed? Nobody right now (legacy wise) has the resources to come into ATL and set up a major hub requiring feed. Nope. Hgih gas prices have taken away a lot of the extra cash. The legacies haven't been buying as many new aircraft as of late, instead allowing their regionals to buy RJs. That won't help ASA. The LCCs do NOT want feed, and Airtran tried it and said NO. Southwest and Jetblue might be able to use some new planes, but also do not want the feed. Nope. SkyWest would have to park ASA for a few months to try to figure out what to do or who to UNDERCUT next. THey would never re-emerge. Nobody needs extra 50 seaters. Half of SkyWest's side (the DL side in SLC) would also be parked. Same with CHQ's 50 seaters, and Freedom's ERJs.

As far as Comair's FAs, I think you are right, they could do a lot of damage. Will DL's creditors (who really OWN DL and COmair now) allow that? No way. They will cave, since they already got the pilots to cave. How much are they looking for again from the stews? $15 or so million a year? The creditors belch that much every morning. Trust me, they are focusing on the new stock that COULD emerge if DL comes out of bankruptcy, to make up for some of their huge losses.


Bye Bye--General Lee

You are totally wrong on this, at least the part about the effect on SkyWest/ASA. There is a huge planning staff working on possible situations if Delta does liquidate. And the words, directly from Jerry's mouth, is that it would actually spur a great deal of growth. Either way SkyWest will go on, I don't always agree with what managment does but I do trust them to keep our companies healthy.

As far as the Comair FA's go, I do believe they could go anywhere and make more, at least the bottom 90%. SkyWest has FA meet and greets going on in CVG next month.

One last thing to consider is this; the arbitrators have basically mandated that negotiations resume. If they were going to side with DALPA why would they want further discussions? Because they see that the labor product is too expensive and too inflexable with rules and scope. This last part is not something I have made up but a rehash from analysis I've read.

Good Luck, the environment today is working against you, right now is not a good time to fight. This industry is cyclical and the time for better gains maybe in a few years.

 

[WSurf]

Good Luck, the environment today is working against you, right now is not a good time to fight. This industry is cyclical and the time for better gains maybe in a few years.

Thats it!!

 

[PBRstreetgang]

I just purchased a nice house in Peachtree City, GA, designed, built, and owned by a Delta pilot.

After I moved in, I realized there were no ventilation fans in any of the bathrooms.

Hey,
All I can say is, he probably was a "dutch oven" kind of guy.
PBR

 

[General Lee]

You are totally wrong on this, at least the part about the effect on SkyWest/ASA. There is a huge planning staff working on possible situations if Delta does liquidate. And the words, directly from Jerry's mouth, is that it would actually spur a great deal of growth. Either way SkyWest will go on, I don't always agree with what managment does but I do trust them to keep our companies healthy.

As far as the Comair FA's go, I do believe they could go anywhere and make more, at least the bottom 90%. SkyWest has FA meet and greets going on in CVG next month.

One last thing to consider is this; the arbitrators have basically mandated that negotiations resume. If they were going to side with DALPA why would they want further discussions? Because they see that the labor product is too expensive and too inflexable with rules and scope. This last part is not something I have made up but a rehash from analysis I've read.

Good Luck, the environment today is working against you, right now is not a good time to fight. This industry is cyclical and the time for better gains maybe in a few years.

No, I think you may be wrong. There could be many people working on this, but that doesn't mean it will be resolved. ASA in ATL for example has many, many out stations that will never have service again if we fold. All of that invested equipment and terminal space in those airports will go away with the wind. Tell me again which airline "could" go into ATL now with the same type of feed needs as DL? None. Airtran doesn't want your feed, and ASA could not provide their own feed between small cities. Same goes in SLC. All of those Montana cities would stop having service from SLC. Who would come in there and want the feed? United may add some service from DEN to those cities, but it might not be on SkyWest---rather Shuttle America or Mesa. Your SLC operations would shut down, and ATL would be a smoking hole for a year or more. ASA would go away. SkyWest would be left gasping, looking for feed opportunities that are already met by current partners, that would probably cut rates to keep service. Expressjet may decide that they want to try to keep those 69 ERJs in service with CAL, and maybe they would continue there. You don't know that SkyWest will pull out of a rut like this, but they may be "planning to." They also planned on maybe using E190s for Jetblue and Southwest, and they were turned down. All of the 50 seaters at ASA and SkyWest used in the DL system will be parked if we go away. No doubt there.

The arbitrators have decided to try to make us negotiate, which is good because the management had NO INTENTION of negotiating. And, in the end, it really doesn't matter what the arbitrators do, since it will come down to DALPA and management negotiations. This is NOT binding arbitration. The company wants to see how far they can take this, and we will give them a high percentage of YES votes for a possible strike, and then they will have to negotiate. Any TA put out after that will have to pass the rank and file, which right now don't approve of unlimited scope. That will be the challenge, not achieving a TA, but rather passing one. The creditors don't want to lose money, and management wants big bonuses. That is our leverage.


Bye Bye--General Lee

 

[General Lee]

Something to think about

Q: Who decides if a company liquidates?
A: It is not a management decision to liquidate in bankruptcy. The decision to liquidate solely rests on the shoulders of the creditors. The creditors have to force this to happen in bankruptcy court. In our case it is solely GE (DIP lender) who would make that decision.
Q: Would it be advantageous to GE in any scenario to liquidate Delta over $165 million (the difference in table positions)?
A: Even if you multiply the $165 x 4 years of a contract your end up with $660 million in total difference over a 4 year contract. The GE loan to Delta is around $2 billion. The analysts put Delta's asset value in liquidation at $700 million. So GE would be choosing to throw away $1.3 billion right off the top if they forced a liquidation. That would be an poor management decision. GE clearly doesn't have inept executives like Delta so that doesn't seem a realistic concern.
Also, GE would lose billions in revenue generated through Delta's operations. So add another couple of billion to the equation and CLEARLY GE will not force a liquidation.
Q: Would the politicians let Delta do under?
A: No. Delta is one of Atlanta's/Georgia's last big employers. Also without the air travel Delta provides, Atlanta's businesses would be devastated. That means many more lost jobs and political futures.
Also, a reduction in fuel taxes could be put in place or some other form of local government subsidy could quickly be put in place. The unemplyment costs would certainly cost the state of Georgia as much as $165 million a year.
Q: What happens to our executives if Delta were to liquidate?
A: First it's important to know that when any company shuts down, only a handfull of personel are kept around to turn off the lights. The executives go out the door with the other employees. They are out of work, they have a failure on their record and they don't have a paycheck either.
Also, They lost out on the tens or hundreds of millions they will forfeit since the company didn't reissue stock and they can't get their ridiculous bonuses for their "brilliant" work in turning the company around. If you were an executive at Delta would you want to throw away your $10 million dollar reorganization bonus? I don't think so.
Q: How many days can Delta survive with us on strike?
A: If a pilot strike truly would cost Delta SO much money that it would force a liquidation, then the $165 million a year is a pitance compared to those daily loses they are saying would put us under. They would agree to a contract long before that took place.
REMEMBER...the difference in table positions is a mere $165 million. That's nothing to a big company. Delta today defended the estimated hundreds of millions they are spending on a few attorneys to process the Delta Bankruptcy. It's being said that it's an insignificant amount relative to the benefit of a reorganized Delta.




Bye Bye--General Lee

 

[PBRstreetgang]

Well,
I rarely agree with GL, nay we usually butt heads like goats with nothing better to do. On this one I will have to agree, DAL has far more to loose than the DALPA group. Individually the pilots have to decide for themselves, "is it really worth it anymore?" I think that the MEC will look at the remains of their once glorious carrers and decide for themselves, yea or nay. With the prospect of working for wages approaching middle managment at Burger King, guys will not sign on for more "$hit-on-a-shingle" the managment offered sandwich. GL pass it on, it is a basic premise, "In any relationship, he who cares the least, controls it", Sociology 101. I sincerly hope someone has the huevos rancheros to shove the $hit sandwich back across the table to the real $hit eaters, managment, they are the real pouges. Remember, fortune favors the bold! Now back to the normal order of the universe, GL is a clueless tool box, aaahhh that feels better.
PBR
P.S. Please take those CR7's back to the mainline where they belong!

 

[ohplease!]

General,

Are you serious? 6.5 million passengers per month (ATL's own reported #'s) are going to just stop flying because Delta shuts down? I don't even think you're dumb enough to believe that (and that says a lot because I think you're not very bright). Thats only ATL. There are lots of other places people are traveling as well (cvg, slc, etc.). Those folks are still going to fly. On someone. Guaranteed!

Delta's void filled overnight? or even in a month? NO WAY. BUT, that void would be filled in a pretty short time. Don't believe it: remember when Eastern shut down? yeah, enough said.

LCC's may not want feed but, legacy carriers will. There will be a need for ASA's 50's (and CHQ/Freedom/Skyw). If only for the short term.

If you guy's strike and DL goes away DCI carriers will be set back for a short while. They will come back. That much you can count on.

How about this for a scenario: you guy's magically grow a set and strike. Followed shortly by DL shutting down for ever. UAL/NW/CAL/USAir add as many extra flights as they possibly can to and from ATL immediately. What PAX can't be put on their flagship planes out of ATL are feed to their other hubs on 50/70 seat RJs from DCI contractors who have inked new deals with before mentioned legacy carriers. This continues until the void is permanently filled. All those commuter cities you guy's can't stand (DHN, PFN, ILM, DSM, BLAH, BLAH, BLAH) are still going to be there and they're still going to connect to ATL, MIA, HOU, DFW, SLC blah blah blah by 50/70 seat RJs. Everyone wins (except you guy's). Boeing/Airbus/Canadair/Brasilia get new orders and option conversions from before mentioned legacy carriers (except you guy's) as well as LCC's. Your busted azz, worn out junk gets parked in the desert (732's, 88's). Your 75/76/77's are bought at rock bottom prices by previously mentioned legacy carriers and freight haulers. Delta going away allows the remaining previously mentioned legacy carriers and LCC's to raise prices a small % and make profits. Allowing the remaining previously mentioned legacy carriers pilots to stop taking pay cuts and actually get raises, thus boosting ALPA dues (as someone else has previously pointed out). Its a WIN/WIN for everyone (except you guy's). Sucks to be you right now.

But HEY! This is all mental masturbation anyway. You guy's will never strike. Not going to happen. You'll take your lumps and STFU! Its in your DNA.:beer: cheers!

 

[WSurf]

The creditors don't want to lose money, and management wants big bonuses. That is our leverage.


Bye Bye--General Lee

If thats all the leverage you have, your in trouble! (Even with the foreign carriers helping)
Creditors will get them money... aka Chapter 7! Not as much, but they will get something. Management has there golden chutes... I am sure they have a package set up that will take care of them for a long time!
Now, what do you have? I hope you have another job outside of flying, like a small business you can fall back on!!! Or maybe that Hot wife of yours has a job that makes 100k a year and you can play Mr.Mom!! Now I don't think you own a small business, you post on here to much to have the time.. wink, wink!!! So lets hope for the rich wife!!!
Delta will neg. with the pilots, a TA will be sent out..... At the last second it will pass!! Scope will be gone, and 10% more pay will be taken! Welcome to reality!! But I know you guys won't go out without kickin and screamin!!!

 

[General Lee]

If thats all the leverage you have, your in trouble! (Even with the foreign carriers helping)
Creditors will get them money... aka Chapter 7! Not as much, but they will get something. Management has there golden chutes... I am sure they have a package set up that will take care of them for a long time!
Now, what do you have? I hope you have another job outside of flying, like a small business you can fall back on!!! Or maybe that Hot wife of yours has a job that makes 100k a year and you can play Mr.Mom!! Now I don't think you own a small business, you post on here to much to have the time.. wink, wink!!! So lets hope for the rich wife!!!
Delta will neg. with the pilots, a TA will be sent out..... At the last second it will pass!! Scope will be gone, and 10% more pay will be taken! Welcome to reality!! But I know you guys won't go out without kickin and screamin!!!

You must not have read my previous post. Delta's assets are worth about $700 million, but the loan from GE is worth $2 billion. Can you see a loss there? Can you? Why would they do that?

Then you try to make me worry about my future. I will do just fine, and my wife has a great job. Thanks for caring.

You seem to be getting desperate with your slams. You are continually proven wrong, and you have nothing to debate. You need to re-group and think things out before you post from now on.

Bye Bye--General Lee

 

[ohplease!]

You must not have read my previous post. Delta's assets are worth about $700 million, but the loan from GE is worth $2 billion. Can you see a loss there? Can you? Why would they do that?

Its called "cut your loses". For examples see: EAL, PanAm, TWA, blah blah blah.....oh yeah HEADLINE: DELTA sells regional asset ASA for $425 million after paying 2 or 3 times that four years earlier.

Just a thought.

 

[jetfo]

Come on General, you know that you guys will fold in the end. Everyone before you has and you will too. What's your personal alternative, taking an RJ position? Flying corporate?

And you have to admit, these posts have you all riled up.

You may retain portions of your formerly favorable contract after the TA, but you will largely relinquish scope and the temporary pay cuts will become permanent.

I seriously doubt that DAL will fold. Again, too many senior guys to vote for a TA almost any TA to hold on to their precious jobs. And, you're right, this formerly good career has changed into a not so attractive job.

But, Comair may fold at the hands of its FA's, but DAL was eventually dump Comair anyway and Mesa will pick up the slack after Ornsteins Hawaii carrier Go! fails miserably.

Cheer up though, you will still be a DAL mainline pilot, just substantially diminished in status and compensation, just like the rest of us.

 

[WSurf]

Answer these along with me!!
1. Will Delta Pilots Stike? I say No!
2. Will Delta Pilots take Paycuts? I say Yes!
3. Will Delta Pilots give up scope? I say Yes!

There's nothing to debate!!! You answer them, and we will compare answers soon!!

 

[737 Pylt]

Deleted..........Not worth it

 

[General Lee]

Answer these along with me!!
1. Will Delta Pilots Stike? I say No!
2. Will Delta Pilots take Paycuts? I say Yes!
3. Will Delta Pilots give up scope? I say Yes!

There's nothing to debate!!! You answer them, and we will compare answers soon!!

Sounds good. I know you can't back up ANY of your statements, but guessing is fun for you. Well, go right at it then. We will compare answers soon, I say, Maybe, No, and NO.


Bye Bye--General Lee

 

[General Lee]

Its called "cut your loses". For examples see: EAL, PanAm, TWA, blah blah blah.....oh yeah HEADLINE: DELTA sells regional asset ASA for $425 million after paying 2 or 3 times that four years earlier.

Just a thought.

You're right there. We cut lose of ASA, so SkyWest could have their own little Vietnam War. How is that going, by the way? And, we needed that $425 million at the time to pay a credit card debt. Since that time we have actually made an operating profit ($400 million extra last year), and $25 million for Jan and Feb. Indy Air is gone now, and fares have gone up. Not the same shape we were in then, but you know otherwise. ASA and SkyWest integration will be fun to watch, unless we have to liquidate. Then, ASA will go away quickly. You know that!


Bye Bye--General Lee

 

[General Lee]

Come on General, you know that you guys will fold in the end. Everyone before you has and you will too. What's your personal alternative, taking an RJ position? Flying corporate?

And you have to admit, these posts have you all riled up.

You may retain portions of your formerly favorable contract after the TA, but you will largely relinquish scope and the temporary pay cuts will become permanent.

I seriously doubt that DAL will fold. Again, too many senior guys to vote for a TA almost any TA to hold on to their precious jobs. And, you're right, this formerly good career has changed into a not so attractive job.

But, Comair may fold at the hands of its FA's, but DAL was eventually dump Comair anyway and Mesa will pick up the slack after Ornsteins Hawaii carrier Go! fails miserably.

Cheer up though, you will still be a DAL mainline pilot, just substantially diminished in status and compensation, just like the rest of us.

I might have thought that had we kept the 2300 Captains with 20 or more years at DL, but they all left. What we are left with now are a bunch of pi$$ed off people (even the senior ones --in upper 40's---have no pension).

We are now a group with different needs and wants, totally different than the NW guys. That is what will make it interesting.

Bye Bye--General Lee

 

[ohplease!]

You're right there. We cut lose of ASA, so SkyWest could have their own little Vietnam War. How is that going, by the way? And, we needed that $425 million at the time to pay a credit card debt. Since that time we have actually made an operating profit ($400 million extra last year), and $25 million for Jan and Feb. Indy Air is gone now, and fares have gone up. Not the same shape we were in then, but you know otherwise. ASA and SkyWest integration will be fun to watch, unless we have to liquidate. Then, ASA will go away quickly. You know that!


Bye Bye--General Lee

I don't think anyone is talking about integrating ASA/SkyW.

Are you trying to say Delta has made a profit because it sold ASA?

No, I don't know ASA will go away quickly, if at all, if Delta liquidates. I think Jerry Atkin has proven that he is a much better leader than Delta's former mgmt. teams (present company hasn't been in long enough to be proven one way or the other). I don't believe he paid $425 for assets from a bankrupt (or soon to be) compay without some alternate plan for those assets. It would certainly hurt in the short term but, I'd be back to flying planes before you guy's.

Indy air is gone and fares have gone up. Indy air was tiny in the grand scheme. Imagine what will happen to fares if Delta goes away too. You think all the other legacy pilots aren't hoping for Delta to fall off the cliff first? I'll bet they are.

 

[General Lee]

I don't think anyone is talking about integrating ASA/SkyW.

Are you trying to say Delta has made a profit because it sold ASA?

No, I don't know ASA will go away quickly, if at all, if Delta liquidates. I think Jerry Atkin has proven that he is a much better leader than Delta's former mgmt. teams (present company hasn't been in long enough to be proven one way or the other). I don't believe he paid $425 for assets from a bankrupt (or soon to be) compay without some alternate plan for those assets. It would certainly hurt in the short term but, I'd be back to flying planes before you guy's.

Indy air is gone and fares have gone up. Indy air was tiny in the grand scheme. Imagine what will happen to fares if Delta goes away too. You think all the other legacy pilots aren't hoping for Delta to fall off the cliff first? I'll bet they are.

Do you remember the one time charge we made for ASA and Comair? It was well over $1 billion. We didn't make any money selling ASA, but we did make enough money to make a critical credit card company payment, and that has allowed us to get to the point where we might make money, unless we liquidate.


Bye Bye--General lee

 

[ohplease!]

Do you remember the one time charge we made for ASA and Comair? It was well over $1 billion. We didn't make any money selling ASA, but we did make enough money to make a critical credit card company payment, and that has allowed us to get to the point where we might make money, unless we liquidate.


Bye Bye--General lee

like I said: Delta cut there loses by selling ASA and getting enough money from peter to pay paul....you asked why would GE take a loss...thats why. Don't think creditors won't cut their loses by liquidating Delta.

 

[800Dog]

Its called "cut your loses". For examples see: EAL, PanAm, TWA, blah blah blah.....oh yeah HEADLINE: DELTA sells regional asset ASA for $425 million after paying 2 or 3 times that four years earlier.

Just a thought.

I was at ASA when Delta bought them and they paid about 680 million for ASA. Your numbers are a bit off as usual.

 

[ohplease!]

I was at ASA when Delta bought them and they paid about 680 million for ASA. Your numbers are a bit off as usual.

The other idiot shows again. Welcome dog!

I'm pretty sure I said 2 or 3 times as much.....ok, I'll add plus or minus a little....why do I or you for that matter really care about the exact figure? It just made a point....Delta sold ASA for a lot less than they paid for it....ASA was also considerably smaller with a bunch of old E120s and no 70s.

 

[800Dog]

The other idiot shows again. Welcome dog!

I'm pretty sure I said 2 or 3 times as much.....ok, I'll add plus or minus a little....why do I or you for that matter really care about the exact figure? It just made a point....Delta sold ASA for a lot less than they paid for it....ASA was also considerably smaller with a bunch of old E120s and no 70s.

Let me guess, you took zero math classes while at Auburn. Besides marrying an omega-moo, did you graduate? Enjoy your career at ASA.