Frank Lorenzo
Well-known member
- Joined
- Feb 1, 2006
- Posts
- 295
And, I think our financials ARE BETTER than any Legacy out there.
They're not. Q2 results will come out and show this.
GL said:We are number 3, and we are acquiring NWA to get some of their $3 billion in cash---to amass $7 billion total to get us through this fuel crisis. Bye Bye--General Lee
Ummm...hello....you will have more cash, but a much larger airline that will be burning through the cash just as fast. (DC-9's and 747's drinking gas like Doug Parker goes through beer) Your own executives admit that it will cost $1B just to consummate this merger. As far as your "cash" estimate goes, you can throw that right out the window. Your Ed Bastard even admits (right in the article) that your cash on hand will be less than the stated figure.
I also like how Tammy Lee is floating trial balloons for future layoffs and cuts in service. Yeah... it's not because of the merger....it's because of "high oil."
Whatever you say Tammy. I have to admit that I am envious of the way these executives are lying through their teeth! It's almost as if I have trained them.....PERSONALLY!
I'll save your executive team the phone call and have Harvey Miller call them.