FLYi has $66M in unrestricted cash, after losing $91M

[lowecur]

This quarter is probably the swan song for Indepedence Air. They are in talks with investors, but I really don't see anyone throwing money at them. Their demise should help the other carriers, but alas it will not save DL from 11.

http://www.thestreet.com/_yahoo/markets/rosssnel/10237345.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

 

[labbats]

If I had a nickel for every time someone posted that an airline was done, I'd be retired.

 

[FutureTEDpilot]

Good luck to all my fellow Blueridge friends...I hope it works out for you!

 

[airlinepilot]

Anyone at IFLy

Sounds like they are spending about 1 Mil each day they operate. How may RJ's and 319 do they have? Have many Pilots? Has there been any mention or more furloughs?

 

[zkmayo]

Actually, it was $98.5 million they lost, but at that point that's just rubbing salt in the wound.

At ACA's peak, they had 1620 pilots. Now somewhere around 750-800 with around 150 of the missing on mil rsv and voluntarily furloughs. the rest were furloughed outright. A large # were demoted to FO due to downsizing.

currently have 12 A319s and 58 CRJs. Prob going to lose 8 more CRJs to GE in Sept. Future 319 deliveries have been deferred due to $.

I am extremely fortunate to have moved on to greener pastures. I wish everyone there the best of luck.

 

[aa73]

ZK- are you from New Zealand by chance?

Good luck to the Blue Ridge...

73, former Blueridger

 

[Jim Smyth]

Doesnt surprise me a bit. From all the newspaper articles you read they have been selling seats for under cost. This not only hurts them but all the other airlines in the markets they compete in. I feel sorry for the employees since I have been there and done that but a shake out is underway!

 

[Rez O. Lewshun]

I recall Indy Air telling us how ...if UAL would pay thier passengers $20 not to fly UAL they wouldn't lose as much money...

 

[zkmayo]

aa73,

No, im not from NZ, but I believe we have a mutual friend, MP, who is and is former ACA too. He's now at Capital Cargo.

 

[Propblast]

This quarter is probably the swan song for Indepedence Air. They are in talks with investors, but I really don't see anyone throwing money at them. Their demise should help the other carriers, but alas it will not save DL from 11.

http://www.thestreet.com/_yahoo/markets/rosssnel/10237345.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA

DH represents only .6% of all domestic lift. The demise of the company won't even be noticed in the industry.

Have a nice day,

PB

 

[MarylandONE]

DH represents only .6% of all domestic lift. The demise of the company won't even be noticed in the industry.

Have a nice day,

PB

Flyi fares and United matching them has taken 6% of business away from BWI. I'd love to see their demise and BWI would love it too.

 

[Mugs]

Flyi fares and United matching them has taken 6% of business away from BWI. I'd love to see their demise and BWI would love it too.

You are a complete a$$. Looks like the DB failed to weed out a real jerk. While they are a competitor, I don't cherish the thought of them losing their jobs if it comes to that. You are really arrogant if you don't sit back and think about how your own career could have worked out differently and put you in the same position.

 

[roughneck]

Maryland One doesn't work for us! He is the same jackass that got run off this board for acting like he did. He is back with a different name. Joined July 05.

 

[General Lee]

Indy also postponed 6 Airbus delieveries, which gave them an additional $31 million from Airbus as a refund. That boosted their cash a tad bit more. But, with high fuel prices for all of us, it will be interesting to see how long that lasts. I think there will be more than just one or two carriers seeking protection from the courts this Fall.


Bye Bye--General Lee

 

[House_X]

Indy also postponed 6 Airbus delieveries, which gave them an additional $31 million from Airbus as a refund. That boosted their cash a tad bit more. But, with high fuel prices for all of us, it will be interesting to see how long that lasts. I think there will be more than just one or two carriers seeking protection from the courts this Fall.


Bye Bye--General Lee

like...



D E L T A

 

[General Lee]

No doubt there chief. Time to get cleaned up and get rid of some debt. You have a great day and keep rubbing yourself.


Bye Bye--General Lee

 

[miles otoole]

No doubt there chief. Time to get cleaned up and get rid of some debt. You have a great day and keep rubbing yourself.


Bye Bye--General Lee

The cleaning up will include an enema with a firehose.

 

[House_X]

No doubt there chief. Time to get cleaned up and get rid of some debt. You have a great day and keep rubbing yourself.


Bye Bye--General Lee

Yeah....but I'm not the one with a 5 bedroom house morgage, 3 ex-wives, 5 kids going to college, etc...

Remember...I'm a low-life regional guy...contributing to the race to the bottom. I was broke yesterday, I'm broke today, and tomorrow-->still broke.

CH11 doesn't make a diff. to me...either way, I'll be hanging out in Bucktown in the "City of Broad Shoulders" drinkin' PBR's on $1 night and wondering "what the #ell am I doin' in this biz"...and the way things are going I'll have lots of company.

The PBR is on me...

 

[General Lee]

Yeah....but I'm not the one with a 5 bedroom house morgage, 3 ex-wives, 5 kids going to college, etc...

Remember...I'm a low-life regional guy...contributing to the race to the bottom. I was broke yesterday, I'm broke today, and tomorrow-->still broke.

CH11 doesn't make a diff. to me...either way, I'll be hanging out in Bucktown in the "City of Broad Shoulders" drinkin' PBR's on $1 night and wondering "what the #ell am I doin' in this biz"...and the way things are going I'll have lots of company.

The PBR is on me...

I have one wife, no kids, and one house. I didn't over extend myself. Some people have, and that was their fault.


Bye Bye--General Lee

 

[Draginass]

Flying high cost RJs without the guaranteed profit from a FFD contract is not a survivable business plan. FYI will be history soon.