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If the AF came up $6.4 BILLION short....people would go to jail. At Delta, they get bonuses.
Was on the crew bus a couple days ago and heard two instructor pilots from ATL saying there might be flights to Ireland on the 737-700. They are typing all first officers in training right now and going to type all remaining FO's as they come in for training at some point in the future. They will be looking to have three pilots on these flights as well as down to South America according to what these guys were saying. Just curious if anybody else has heard any of the same rumours?
If the AF came up $6.4 BILLION short....people would go to jail. At Delta, they get bonuses.
I heard that rumor last year when I was in 737 training. BOS-SNN in 737-700.
Heck, spome of the transcons out of JFK are higher block than SNN.
Ever see I Dream of Genie?This question is pure curiosity, but does anyone know what a goodwill write-down actually is?
Ever see I Dream of Genie?
Cross your arms, nod your head and blink. Opps there goes a couple of Billion of goodwill.
When NWA and Delta emerged from bankruptcy they had to determine a value for their Company. Much of the value was in the form of "goodwill" based on assumptions regarding future performance. With oil prices where they are at, the market does not have much optimisim for our future and has sold the stock. The write down of goodwill is the same as the write up.
Not that it is completely intangible. I live in a popular community. You might say a couple years ago the "goodwill" because of market assumptions about my home were $40,000 more than the "goodwill" that is out there now for homes like mine. It reflects and intangible aspect of the market, but helps get the books in line for the merger since equity is going to get swapped.
Too bad that if you guys do this a couple more times that you will liquidate and be working a Starbucks as a full time job. Man....from top of the heap to a far second to SWA to a far second to an AF pilot....to jobless..........good luck.