ATSB tips it's hand on UAIR

[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.

 

[dlredline]

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.

"So what?" You're kidding, right? I'm very much in favor of our government aiding "our own", as well as those hard hit oversees. I guess I'm just a little more wary than you of taxpayer funds being put at risk to subsidize the operations of a company losing millions daily, with no business plan, and (as you youself admit) bad management. If they had a viable plan, instead of the rudderless ship they currently sail, I would support it heartily.

I'm sympathetic that it's "your" airline at stake here (it used to be "mine" for 15 years) but with the recent rearranging of the Titanic deck chairs going on right now (senior executive positions), employee battering, poor management (2 bankruptcys in 2 years?!?!?) and operational meltdowns (PHL), I not one to say "so what?" to this or anything else when it's my money at stake.

Red