Midwest Flight Reductions Announced

[maxblast72]

I guess Airtran and Northwest are gearing up for some more battles like Indy, Flint, and Detroit.

http://biz.yahoo.com/prnews/080723/nyw072.html?.v=101

 

[Max Powers]

And do you think any of us had any saying in this?

Your union sure didn't support it. Didn't they perform an "informational picket"? But your right at the end of the day you/they had no say. It all came down to the offer 17 bucks and screw you employees over or 16.25 for some cash and mostly stock. Pretty easy answer to that question if all you care about is money.

 

[CitationLover]

Your union sure didn't support it. Didn't they perform an "informational picket"? But your right at the end of the day you/they had no say. It all came down to the offer 17 bucks and screw you employees over or 16.25 for some cash and mostly stock. Pretty easy answer to that question if all you care about is money.

since institutional investors own 90+% of most airlines the answer is yes, all they care about is money.

can't knock TH on this...his shareholders made out quite well with this deal versus what they would have had with the AAI deal.

 

[Wesb737fo]

since institutional investors own 90+% of most airlines the answer is yes, all they care about is money.

can't knock TH on this...his shareholders made out quite well with this deal versus what they would have had with the AAI deal.

Yeah...sure...TH made out. As far as the shareholders go, maybe they're better off......but we'll never know. As I said before, I never was for that deal anyway, but as usual, it was a Sh!tty deal for the employees. Were you able to find a job somewhere?

 

[CitationLover]

Yeah...sure...TH made out. As far as the shareholders go, maybe they're better off......but we'll never know. As I said before, I never was for that deal anyway, but as usual, it was a Sh!tty deal for the employees. Were you able to find a job somewhere?

Whats AAI stock price now? Take .5631 of that and add $7 to it compared to $17. The $17 has won ever since the deal.

No aviation job yet, slim pickens.

 

[Wesb737fo]

Whats AAI stock price now? Take .5631 of that and add $7 to it compared to $17. The $17 has won ever since the deal.

No aviation job yet, slim pickens.

Well...short term ..sure....not many airline stocks that aren't stinking up the joint currently ( the usual SWA, UPS, Fedex disclaimer). But if AAI survives this mess, grows and the stock goes up a year or two from now....who knows what the better deal was?

Personally, I'm fairly pessimistic about the state of the nation's economy anyway. I may have to look overseas if I want to keep flying for a living.

 

[CitationLover]

Well...short term ..sure....not many airline stocks that aren't stinking up the joint currently ( the usual SWA, UPS, Fedex disclaimer). But if AAI survives this mess, grows and the stock goes up a year or two from now....who knows what the better deal was?

Personally, I'm fairly pessimistic about the state of the nation's economy anyway. I may have to look overseas if I want to keep flying for a living.

fwiw

institutional investors typically do not hold stocks for years at a time.

airline stocks are horrible investments. ask warren buffett.

 

[metroplex]

friend from MEH told me they might keep 5 md 80s, any thruth?

 

[sitnresrv]

A union conference call last night confirmed that all the 80 flying will cease as of September 7th. No plans on keeping them. Word is that we will be left with 23 717's, 20 line flying, 1 spare and 2 possible charter planes.

 

[ultrarunner]

Seems like a massive amount of overhead for a 20 airplane main-line operation.