CAL to furlough

[MILF Hunter]

NOTE 11 - INVESTMENT IN OTHER COMPANIES

Copa. At March 31, 2008, we held 4.4 million shares of Copa Holdings, S.A. ("Copa") Class A common stock
with a carrying value of $67 million and a market value of $167 million, although there are contractual limitations on our
ability to dispose of this asset. This investment represents an approximate 10% interest in Copa, the parent company of
Copa Airlines of Panama and Aero Republica of Colombia. The carrying amount of our investment exceeds the amount
of underlying equity in Copa's net assets by $8 million. This difference is treated as goodwill and is not amortized

It's reported. Look it up

 

[LJDRVR]

Copied right out of CAL's 10K.

Heathrow Airport. During 2007, we acquired summer slots at London's Heathrow Airport for $116 million and reached agreements to acquire winter slots. We expect to pay $93 million for the winter slots in the second quarter of 2008. We are also seeking additional slots.


It doesn't look like any slots were purchased during Q1 of 2008.

I stand corrected! Thanks for keeping me honest.

 

[LJDRVR]

Rumor from the CAL training department - CAL will furlough 4900 pilots and keep 100 to fly the 100 additional F-22's CAL is joint purchasing with the DOD (per our next president McCain's request).

The RASM will go way down, but the speed between desitnations will go through the roof.

Oh no.....SCAB fighter pilots!

I love training department rumors. Almost as accurate as check-airman-jumpseater-who-talked-to-Smisek-at-Burger-King rumors.

 

[list2002]

What about Jeff's retirement this August? Any fortellings there?

 

[Ex737Driver]

Seconded. Post of the year. Pocono, shut up already.

I didn't see a post by that dumb bicth.

 

[Ex737Driver]

We would have made 129 million net 1Q if it wasn't for the LHR slots we purchased.

uhhh...So you're saying that CAL included the entire purchase price of the slots in one Q? you sure about that?

Our first quarter loss was 60M for operations and a special charge for 20M for the way CAL figures income taxes, give or take a few million. We began to make a change in the fourth quarter and the charge was spread between the two.

 

[Fubijaakr]

thanks for the RUMOR

and thanks AGE 65!

Age 65 extended YOUR career 5 years, too, slick. Of course, you seem to be strictly worried about your upgrade.

Gear up, sonny.

 

[Phrogs4ever]

Age 65 extended YOUR career 5 years, too, slick. Of course, you seem to be strictly worried about your upgrade.

Gear up, sonny.

That legislation didn't extend s**t! My plan is still on track to be out the door by 57.

Quote on the new atis cards:

"Flying airplanes is not a retirement plan!"

Enjoy your "retirement".

 

[Avi8tor2000]

Age 65 extended YOUR career 5 years, too, slick. Of course, you seem to be strictly worried about your upgrade.

Gear up, sonny.

None of us want our careers extended 5 more years, old senile man. Not all of us have 3 alimonies. A 401k and a Roth wisely invested for my 39 year airline career would have been plenty. You got your break from guys retiring at 60 just like everyone before you. Had your cake and ate it too.

 

[CA1900]

I didn't see a post by that dumb bicth.

I believe that was a pre-emptive shhhhh.

 

[AWACoff]

Due to lower earnings because of a later upgrade, we HAVE to work 5 additional years to make the same career earnings as we would have with age 60. It's called compound interest. Look it up when you're "irregularity" occurs again and you're on the crapper for 45 minutes. Bran is good.

Age 65 extended YOUR career 5 years, too, slick. Of course, you seem to be strictly worried about your upgrade.

Gear up, sonny.

 

[momalley81]

Age 65 extended YOUR career 5 years, too, slick. Of course, you seem to be strictly worried about your upgrade.

Gear up, sonny.

Someone here doesn't understand Compound Interest.

No wonder pilots make such lousy investors.

 

[tmac3333]

I didn't see a post by that dumb bicth.

Just beating her to the punch. Thanks CA1900.

 

[IslandDriver]

anyone know how far back 200 furloghs would go...date of hire.

I have a few friends there hired in the last year to year and a half........hope they are OK

 

[SuperFLUF]

Age 65 extended YOUR career 5 years, too, slick. Of course, you seem to be strictly worried about your upgrade.

Gear up, sonny.

How pompus of you to think that those you threw under the bus to cover your inadequate planning actually want to work more for less.

Your few words reveal much. Thanks. Thanks a whole lot.