General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
That's a great response that only looks to the short term, if I was concerned about the long term, ie my pension, I would look a little further down the road. As the blog mentions, DAL will need 10-13 years of the same performance to meet its...your pension obligations. If the past decade is in any way an indicator of what can happen, I'd say you're screwed. I hope your retirement doesn't turn into a 'sad' situation. It would actually be pretty humorous to the majority on here that think you're a d!ckweed.
Ever heard of Consolidation? Why would that be happening? To increase profit potential. Was that happening in the last decade? No. Will that help all of the remaining airlines? Sure it will. That type of planning is not short term, rather long term planning for the remaining airlines. Airlines like DL are shoring up their defenses, like building new terminals (JFK--$1.2 billion) (LGA---$300 million) and preparing to be huge revenue and profit generators. They are dumping unprofitable segments (like your 50 seaters---sorry, ) and ancillary revenues have helped pay down debt. UAL made $5.2 billion alone last year in change fees and bag fees, with DL making $2.5 billion. Were those fees around last decade? Nope. Now they are the norm. How about buying a refinery? Anything like that happen in the last decade? It will supposedly save 15 cents per gallon of Jet A. Would that be significant? You bet. Big deals are being looked at right now to pick the final 3-4 legacies and few LCCs that will remain for years to come.
Try all you want to disagree, but airlines are making long range plans to stick around and make big bucks. But, you might be worried about next month yourself. Throw in some apps to Spirit or Allegiant, maybe you'll get an interview? Good luck.
Bye Bye---General Lee
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