B19 Flyer
....
- Joined
- May 8, 2006
- Posts
- 1,595
You would call the color blue, red B19. I don't buy a dam thing that because of the union agreements those carriers suffered massive losses. Bullsh!t
Yeah, I know... the articles are SO misleading. It's obvious that I'm making all this stuff up. Must be sheer coincidence that the large contracts were signed and the same managment that gave record profits for five years just all of a sudden forgot how to manage and it turned into massive losses. Full circle on this, is that unions didn't care about the massive losses. They were going to squeeze the golden goose and in the end, all of them were in bankruptcy. Slow reaction by the unions caused massive layoffs of pilots and support workers. (including me) You might love your union, but it doesn't love you. Even NJW admits that the union she has now is better than the one at AA. That will be right up until her husband is laid off again, then it will once again be managements fault.
http://www.highbeam.com/doc/1G1-76617259.html
Delta Air Lines Downturn Reflects Rough Skies for Airline Industry.
From:
Knight Ridder/Tribune Business News
Date:
July 19, 2001
By Nancy Fonti, The Atlanta Journal and Constitution Knight Ridder/Tribune Business News
Jul. 19--When Delta Air Lines reports a large second-quarter loss today it will confirm that the good times have quit rolling for Atlanta's biggest corporate employer.
After a five-year run of big profits, the airline and its retooled management team now face a tougher financial environment. There's no sign yet the downturn will be as long or painful as the grinding slump of the early '90s, but it's forcing belt-tightening including a hiring freeze, route changes and sweeping fare ...
http://www.highbeam.com/doc/1G1-78056343.html
Second worst.(US airline industry reports $2.5 bn profit decline)(Statistical Data Included)
From:
Air Transport World
Date:
September 1, 2001
US airline industry suffers a $2.5 billion negative profit swing in the three months to June 30
Bigger definitely wasn't better in the second quarter as far as the US airline industry was concerned. None of the Big Three carriers and only one of the six largest in revenues--Continental--managed a profit for the period. The other three that made money were No. 7 Southwest Airlines, Alaska Air Group and AmTran, parents of the ninth and tenth biggest Majors respectively. They also happen to be airlines that are far less reliant on free-spending corporations for their revenues.