AWA money situation

[xanderman]

Southwest is fine. They will always be fine. There is no way they will ever loose money...

Uh Oh! I'd be real careful saying that about any airline!! How long have you been in this business?

 

[FDJ2]

Just a note: Our lose for the year equaled our ATSB debt payments. Without this debt we would probably have lost a little or broke even.

What would your cash position be without that ATSB loan?

 

[Cactus73]

What would your cash position be without that ATSB loan?

minus a lot

There would be no AWA without the ATSB loan.

 

[furloughfodder]

Uh Oh! I'd be real careful saying that about any airline!! How long have you been in this business?

Exactly my point.


[/SARCASM]

 

[reepicheep]

"Everyone in this room will be a captain within 6 years"

"You will never have a bad day at this company"

"This airline has the strongest balance sheet in the industry"

"Within 2 years we will carry more passengers than any other airline"

told to USAir newhire class circa 1987

 

[acbarney]

"Everyone in this room will be a captain within 6 years"

"You will never have a bad day at this company"

"This airline has the strongest balance sheet in the industry"

"Within 2 years we will carry more passengers than any other airline"

told to USAir newhire class circa 1987"

And again in 1999 except it was captain in 2 years.

 

[414Flyer]

600,000 million? Thats 600 billion isnt it?

 

[CMonBoard]

How many privately owned companies are there that provide services to your publicly held company? Do those companies provide those services at a competitive rate or a usurious rate?

The reason I ask is that earnings at an airline are somewhat nebulous because money can be shifted from one entity to another to inflict a loss on one and profits to the other private company. Meanwhile, the private companies can pay out huge bonuses from those profits to anyone it chooses and doesn't have to disclose that to the SEC. Imagine that poor executive that is taking a massive paycut or no salary (making a sacrifice) while receiving a payout from one of her other companies.

I'm not conspiracy theorist, but this is common corporate tax planning. that is easy to implement.

 

[reepicheep]

"Everyone in this room will be a captain within 6 years"

"You will never have a bad day at this company"

"This airline has the strongest balance sheet in the industry"

"Within 2 years we will carry more passengers than any other airline"

told to USAir newhire class circa 1987"

And again in 1999 except it was captain in 2 years.

Except in 1999 if you would have asked around we all would have told you it was b.s.