Pay raise for Hawaiian Airlines CEO

[Freight Dog]

Dan, now there's a novel idea... turn our -200's into beer cans as one of your pilots put it back in the merger days and replace them with 717's, turn our ETOPS operation into the mainland feed with 737NG's (way better range on those than on 717) for 767's and get more 767's to expand the long-haul and international routes.

....who is da lolo who stole my pakalolo......

 

[Dan Roman]

I know Dunkerly and Carty have recently met with Boeing and I think we all agree that the 717 is the better inter-island plane and the 737's would be more versatile for feeding LAS.

 

[Prog 2/2]

I just don't know how all of this works. HAL isn't as strong as AA was when they bought all of TWA's debt and AA flew some TWA aircraft for at least a while.

APA member, by chance ? This is one of the myths that help them rationalize their hose job of the TWA pilots.

AMR "bought" none of TWA's debt. None, nada, zilch. They assumed lease payments, facility rents, wages, retiree medical benefits, etc., and realized significant cash gains for some of the assets that they later sold, like the TWA share of Worldspan. The whole purpose of the engineered bankruptcy of TWA was so that AMR could acquire assets unencumbered by any attached debt.

And they still have over 100 TWA airplanes, with fewer than 500 TWA pilots left working.

Not picking on you, I just hate to see this drivel perpetuated.

 

[AQ PILOT]

Dan,
NOT to start anything here, but when you say the 717 is a better interisland airplane, what are you basing that on? Don't ask me how, but we made money with our 73's these last couple months. I don't know the breakdown of your operation, but out interisland is what saved us. What took you guys down? ER too, or was it interisland?

 

[808]

Pay scales come to mind. Also although AQ did make money I think your BK attorney fees sucked a majority of it away.

 

[dash8driver]

Pay scales come to mind.

yes you cant fund the crook's golden parachute and other payoffs properly when you have to pay those damn workers.






.

 

[Dan Roman]

What took you guys down? ER too, or was it interisland?[/QUOTE]


None of the above. It was John Adams. Not sure how close you followed our deal, but as was said in the beginning and time proved it, our Bankruptcy was a scam by Adam's (Boeing proved it in court and he lost control of the airline). We never had any debt just lease rates he said were too high and an underfunded pilots retirement. At the time we were debt free and down to 20 mil in cash as a result of Adams taking 25 mil in cash out of the airline (stock buyback). He has to be kicking himself, by the time he was booted out we had completed the transition to our new fleet and have been making solid profits ever since than. Any losses shown have been paper losses. Our cash level has increased significantly every qtr since (presently over 160 mil unrestricted cash) This last qtr was the first time we showed a loss for a qtr, but it turns out we had an operating profit (our cash level increased), but it was shown as a loss coming out of bankruptcy.
This explains it:

http://biz.yahoo.com/prnews/050818/latu106.html?.v=22


Even more significant, those results include a 10 mil payout for fuel hedges. 40% of our fuel is now hedged (eff june 30).

I'm NOT trying to start a debate here either, but when you make a comment about what brought us down as if our airlines are in the same boat, I have to set the record straight. Nothing personal, it's just apples and oranges. I must say, it's my prespective that Aloha has always talked stink about Hawaiian. In the news they even blamed Hawaiian for their bankruptcy! Not poor management. As far as the 717 vs 737, inter -island, nothing meant by it, I was just saying that your 737's would be better deployed feeding us on the mainland than our 717's (if it happened that Hawaiian started a LAS hub), as the 717 has been an excellant inter-island airplane. I'm sure we agree that you need new aircraft inter-island as the old 737's are terrible with gas prices were they are. Again, nothing personal, just an observation. Expensive fuel and an airplane that burns a lot of fuel are a bad mix.

 

[AQ PILOT]

No offense taken, and as you and I have talked about before, Adams is a disgusting creature on all fronts. I don't think he is what has impacted you recently though.

Gotta admit though, I don't like it much the way you put it when you say "like we are in the same boat...." That sounds somewhat condescending. You guys were pretty well bailed out of some pretty nasty crap over there. It's not like you're the next generation SWA.

Before you go off half cocked and take that all wrong, let me head you off at the pass by saying that I hope you guys do become the next SWA. I hope everything turns out rosy for everyone involved at HAL. You think we talk stink about you guys? Especially in the media? He11, our spokesman couldn't put a positive spin on finding the meaning of life! We can't even effectively communicate with ourselves let alone put together an organized "talk stink" campaign!

As for the 737 vs 717 issue. I'm probably gonna have to agree with ya. The higher fuel goes, the better your bird is. Like I said I wont shed a tear when those -200's go away. The lease rates are so inexpensive on them that with reasonable (what is reasonable today anyway) fuel prices, it made more sense than the higher rates you were paying for the 717s.

'nuff of this stuff. I work 2 more days and then I'm off for almost 3 weeks without a day of vacation. When I get back I expect all of you to have this $hit worked out, Dan you're in charge, Freightdog play nice with other.... Just tell me where my locker is and what we are serving for first class....

 

[Freight Dog]

Just tell me where my locker is and what we are serving for first class....

Dude... where's MY locker?

Now for first class, we're serving dry hamburgers made last month or a week old pizza with a pink ooze as a topping. Going the other way, we serve ramen noodles with some tan ooze and call it alfredo, or the other choice is the previous day's leftovers from Chowmein Express.

Bon appetit.

Hope this helps.

 

[808]

Yum, I like pink ooze.