ATSB tips it's hand on UAIR

[Yahtzee]

What is an 0-6?

A colonel...and in his case a very sharp and well respected one.

Yahtz

 

[dlredline]

.....Red, I see Syracuse may sign the Defensive Coordinator from Texas as head coach. Good move?

True the ATSB is only "underwriting" the loans being provided by several banks, but it's a "no lose" for the banks since they are essentially playing with taxpayer funds in the likely event of Ch. 7 and will recoup any loss incurred. It's still my money (and yours) that is being played here.

As far as Greg Robinson, he's a defensive genius and Syracuse is getting (to be announced today) a quality coach. He only spent 1 year at Texas, but has many years in the NFL as a defensive coordinator at KC and Super Bowl winner Denver. Ironically, Robinson was hired by Mack Brown at Texas on the recommendation of USC's Pete Carroll. Syracuse will immediately benefit not only from his leadership but also his recruiting prowess. Yup, a good move, and a loss for the 'Horns, though they have a stable of defensive coaches to choose from, and a preseason No. 2 ranking to enjoy next year.

Red

 

[lowecur]

As far as Greg Robinson, he's a defensive genius and Syracuse is getting (to be announced today) a quality coach. He only spent 1 year at Texas, but has many years in the NFL as a defensive coordinator at KC and Super Bowl winner Denver. Ironically, Robinson was hired by Mack Brown at Texas on the recommendation of USC's Pete Carroll. Syracuse will immediately benefit not only from his leadership but also his recruiting prowess. Yup, a good move, and a loss for the 'Horns, though they have a stable of defensive coaches to choose from, and a preseason No. 2 ranking to enjoy next year.

Red

Enjoyed the Rose Bowl this year. I must admit that I was rooting for "Big Blue". Mike Hart (freshman running back) played on the same team as my nephew in high school. He's been by my brothers house many times, and is a good kid. Hopefully, he and Cedric Benson stay in school long enough to compete for the Heisman.

 

[dlredline]

Red,

My comment was in response to Lowecur's statement the Lakefield was lining up investors to reissue stock. I'm well aware that the ATSB injected the cash...and in the event of Chapter 7...yes the taxpayers lose in addition to the loss of the USAirways employees.

Yahtz

'preciate the clarification. And your quote below is one of the more insightful presentations I've read in awhile re: USAirways, all of which I agree with after watching the numbers for several years now.

Red

Furthermore this is one forecast I hope I do miss, as the it means jobs will be saved and people not put on the street. But as someone who spent years crunching numbers and advising decision makers on contracts valued in excess of 1B, and after serving under true leaders and under false ones and understaning the dynamics of both, I don't see it that way. No I see Chapter 7. The competition is too strong at the moment and USAirways waited too long to fix what at one time might have been smaller problems.

Reissuing stock if they emerge from Chapter 11, is not doing the right things...it's pretending. Who is the heck is going to buy it? Lowecur??? Institutional investors??? I want to see this list and make sure I steer clear these boneheads. The stock will be worthless..if not on opening day, shortly thereafter when the truth begans to manifest. What truth you ask??? The truth the company still has fundamental flaws, including a a total void of leadership, the complete absence of a business model that has a chance to succeed, and finally the confidence in their employees that they can succeed. If you're still flyiing for USAirways, my .02 is to put your eggs in other baskets.

 

[dlredline]

Enjoyed the Rose Bowl this year. I must admit that I was rooting for "Big Blue". Mike Hart (freshman running back) played on the same team as my nephew in high school. He's been by my brothers house many times, and is a good kid. Hopefully, he and Cedric Benson stay in school long enough to compete for the Heisman.

Cedric Benson is a senior this year, and will likey be a 1st round draft choice in the upcoming NFL draft (along with Derrick Johnson). Rose Bowl star Vince Young is only a sophomore and will lead behind a veteran offensive line next year for Texas. Michigan's Mike Hart probably needs another year of seasoning, but he might be a Heisman candidate his senior year, and Michigan will be loaded next year with Hart, Chad Henne and Steve Breaston returning (preseason #3 ranking), even with the loss of Braylon Edwards (who was absolutely amazing in the Rose Bowl).

Red

 

[Yahtzee]

lowecur,

My apology if I got a little wound up when typing my replies. I respect your opinion and your right to posts your thougths, but I just see things differently. Please accept my apology if my words came out like a personal attack on you. That was not my intent. I just think the employees of USAirways have been victim of scoundrels and failed to see it happening due to incrementalism...the slowly withering of what was once good.

dlredline,

Thanks for the comments. And yes I do hope I'm wrong for the sake of others.

Yahtz

 

[lowecur]

lowecur,

My apology if I got a little wound up when typing my replies. I respect your opinion and your right to posts your thougths, but I just see things differently. Please accept my apology if my words came out like a personal attack on you. That was not my intent. I just think the employees of USAirways have been victim of scoundrels and failed to see it happening due to incrementalism...the slowly withering of what was once good.

No apologies necessary. It's just a debate, and you have many supporters and I have very few. That's OK, I like being the underdog.

 

[SDF2BUF2MCO]

lowecur, is David Bronner/RSA still holding on to US stock? Will/does this have any effect?

 

[lowecur]

lowecur, is David Bronner/RSA still holding on to US stock? Will/does this have any effect?

Yes, I believe they still have the stock, but it will declared worthless and retired when stock is issued to new investors. I think Bronner will step to the forefront if the pickn's are slim on Wall St for investors, but I believe he would rather not invest unless UAIR had no other place to go.

 

[satpak77]

just dont get it

whats with all the speculation on US Air

they are either gonna survive or they will not. Period, end of story.

we will likely know by March, if not we will extremely likely positively know by June

until then, everyone get a hobby

jesus

US Air was mismanged by a series of CEOs who were never career airline types, with Jet A in their blood (Crandall, Herb, Gordon, Allen, etc).

Siegel, who came from Avis Rent a Car, promptly filed Ch11 "on behalf of the US Air family" and quit the company after two years, leaving with millions in severance pay. US Airways also had Rakesh Gangwal, he lasted 98-2001, did such a good job he left with 15 million in severance pay for his three years of hard work

etc etc

Unfortunately US Air DOES have employees who have/had Jet A in their blood, just like the rest of us, and THEY have to deal with everything when the party is over and the lights are turned off.

 

[lowecur]

Thank you Jesus

 

[dlredline]

whats with all the speculation on US Air

they are either gonna survive or they will not. Period, end of story.

we will likely know by March, if not we will extremely likely positively know by June

until then, everyone get a hobby

jesus

US Air was mismanged by a series of CEOs who were never career airline types, with Jet A in their blood (Crandall, Herb, Gordon, Allen, etc).

Siegel, who came from Avis Rent a Car, promptly filed Ch11 "on behalf of the US Air family" and quit the company after two years, leaving with millions in severance pay. US Airways also had Rakesh Gangwal, he lasted 98-2001, did such a good job he left with 15 million in severance pay for his three years of hard work

etc etc

First you tell everyone to shut up and get a hobby, then you go on to discuss the topic. Now I don't get it.

 

[satpak77]

good point

First you tell everyone to shut up and get a hobby, then you go on to discuss the topic. Now I don't get it.

back to my hobby...

 

[BeCareful!]

lowecur,

I just think the employees of USAirways have been victim of scoundrels and failed to see it happening due to incrementalism...the slowly withering of what was once good.

dlredline,

Thanks for the comments. And yes I do hope I'm wrong for the sake of others.

Yahtz

What, are you stoned now or something? You think the employees at US Air haven't seen all of this crap happening? Man, are you out of touch!Oh, trust me, you are wrong. I think you must have spread yourself a bit thin, what with a military flying career and all of that financial analysist work and all.

 

[doer42]

Lots of talk on this thread on leading by example...any idea (General Lee maybe has the answer on this one) on how many stock options former Delta Dir of FLT ops, Joe C, a pilot by the way, at Delta was given (and a promotion as well) before the ink even dried on the pay cut agreement?...and it was more than 10...

 

[Yahtzee]

What, are you stoned now or something? You think the employees at US Air haven't seen all of this crap happening? Man, are you out of touch!Oh, trust me, you are wrong. I think you must have spread yourself a bit thin, what with a military flying career and all of that financial analysist work and all.

[font=&quot]
By "failed to seeing it happening due to incrementalism" I meant the US Airways employees accepting the day by day decay of this company. IMO many employees failed to see what was happening to this company until in their minds, they had no choice but to stay and hope things worked out rather than attempting to leave earlier with so many unknowns. You don’t think that isn't possible or probable? I had four friends there in late 1999 or 2000 who could have left, but didn't until they were furloughed.

Yahtz

P.S. My heart does go out to you if you are at USAirway, but I don't think I'm deserving of your anger and frustration....but go ahead if it makes you feel better.
[/font]

 

[BeCareful!]

Yahtzee -

Sorry, I didn't mean to sound angry. I am frustrated with this Internet thing (I should quit, eh?) because the world seems filled, these days, with "armchair CEOs" and "industry experts" who, from the privacy of their living room or hotel room can spew their vast "knowledge" far and wide.

I don't believe that you, anyone on this board, or even M. Boyd knows exactly what is going on in Crystal City and Alabama. It's all just speculation, and judging from the six years I've been involved with it, the people speculating about US Air's demise have been wrong, wrong, and more wrong. Even ALPA people have erroneously bought into all of the company's doom and gloom (read: "good accounting")

Mostly I come here out of morbid curiosity, to see what the "armchair CEOs" are saying, and to read articles that have been linked. Truly, though, we live in an age where you just can't believe everything you read, and especially on the G#&%$ Internet.

What a joke......

 

[CRJDog]

A slight correction here: The people currently "injecting" $$ into USAirways technically ain't shareholders, but taxpayers! The ATSB is allowing a company losing $1.3 million per day (over $700 million in 2004 alone) to draw funds from a government backed loan approval to fund their continued operation. That backing comes from Joe-taxpayer, so we should all keep this in perspective when we cut our check to Uncle Sam on April 15th.

Red

So what? Quite a few airlines have been aided by the ATSB. What is your point? The US Government throws away cash we don't even have and foreigners buy our debt. Truckloads of money pumped to the middle east for oil and war. More money to Tsunami hit countries while our industry is collapsing. Wouldn't you think it's decent for a change that the goverment aids our own with our money? Quite a bit of this mess is caused by granted, bad management but also being a slave to OPEC. I have no problem seeing my tax dollars helping my airline and others. To me it's money well spent.

 

[satpak77]

I have no problem seeing my tax dollars helping my airline and others. To me it's money well spent

How about letting free market forces work and let the strong survive. Enough US Govt/taxpayer airliner welfare help. Two Ch 11's? Give me a break.

 

[LUVChild]

Lowecur, you said something that I found to be funny:

"I don't think you'll see Gary Kelly tossing bags like David Neeleman, but does that mean he's not a great leader?"

Trust me when I say that Gary Kelly has most certainly done his days in the field alongside the Southwest Employees. It tends to be expected of Southwest executive leadership, expecially around the holidays.

Maybe Gary just doesn't feel the need to draw attention to it? From our leadership's point of view, that is an expectation of their job...not a favor.