What does a companies cash on hand have anything to do with pilots?
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Southwest's new plan to screw Airtran pilots
- Thread starter Flyer1015
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What does a companies cash on hand have anything to do with pilots?
RLAblows
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Maybe someone can confirm this, but I believe it was around 800 million.
scoreboardII
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AT had $540 million cash on hand, 10K Feb 2010
http://www.wikinvest.com/stock/AirTran_Holdings_(AAI)/Filing/10-K/2010/F46739705
Guys, if you have never looked at your airlines 10K, start, you'll be the first one to realize things are going south, or things are going great.
http://www.wikinvest.com/stock/AirTran_Holdings_(AAI)/Filing/10-K/2010/F46739705
Guys, if you have never looked at your airlines 10K, start, you'll be the first one to realize things are going south, or things are going great.
A significant chunk of that wasn't really cash. It was a loan. If memory serves, the loan was over $100 million. Real cash was closer to $400 million. Still a fine amount for an airline our size, though.
scoreboardII
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No, cash from a loan appears as both cash and debt.
Hate to say it but PCL is correct.
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01/27/2010 CEO Robert Fornaro addressed the issue during a conference call Wednesday to discuss the airline's fourth-quarter financial results. QUESTION: How do you view the industry landscape and your prospects for growth in an improving economy?
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RESPONSE: "It's not our plan to scour the market and look for new planes. ... Right now, it's financial success first for us."
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2010-04-22
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ATLANTA -- AirTran Airways isn't putting up a for-sale sign, but the CEO of the discount carrier said Wednesday it would consider a combination with another carrier if approached and if such a deal made sense for the company and shareholders. CEO Robert Fornaro made the comments during a conference call with investors to discuss the airline's first-quarter financial results. Higher fuel prices stung AirTran, causing the usually profitable airline to post a $12 million loss for the first three months of the year.
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2009-02-06
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Comments ATLANTA (Map, News) - Discount carrier AirTran Airways doesn't expect any overall growth for two years as it tries to weather the severe downturn in the U.S. economy, though it will add service in Milwaukee in a renewed effort to gain market share there, Chief Executive Robert Fornaro said Thursday. Fornaro told a gathering of analysts at the Raymond James & Associates Growth Airline Conference that AirTran will cut capacity in 2009 and likely will be flat in terms of capacity in 2010, but in 2011 it could (doesnt mean it would) grow at least 5 percent. In the meantime, it will make a push in Milwaukee.
Quote:
AirTran pilots to picket outside annual meeting
Originally published: May 17, 2010 4:37 PM
By The Associated Press HARRY R. WEBER (AP Airlines Writer)
ATLANTA - (AP) — AirTran Airways' pilots plan to picket outside the discount carrier's annual meeting to step up pressure on management over the workers' more than five-year effort to secure a new contract with better wages and quality-of-life improvements.
They also expect to announce during Tuesday's shareholders' meeting in Milwaukee that rank-and-file pilots have authorized the union to call a strike if it chooses.
At stake is AirTran's low-cost advantage over larger rivals that has allowed it to lead the way on fare sales and usually still turn a profit. AirTran posted a small loss for the first quarter but said it expects future cost pressures from fuel and maintenance. Additional labor costs could further affect its bottom line.
Quote:
01/27/2010 CEO Robert Fornaro addressed the issue during a conference call Wednesday to discuss the airline's fourth-quarter financial results. QUESTION: How do you view the industry landscape and your prospects for growth in an improving economy?
Quote:
RESPONSE: "It's not our plan to scour the market and look for new planes. ... Right now, it's financial success first for us."
Quote:
2010-04-22
Quote:
ATLANTA -- AirTran Airways isn't putting up a for-sale sign, but the CEO of the discount carrier said Wednesday it would consider a combination with another carrier if approached and if such a deal made sense for the company and shareholders. CEO Robert Fornaro made the comments during a conference call with investors to discuss the airline's first-quarter financial results. Higher fuel prices stung AirTran, causing the usually profitable airline to post a $12 million loss for the first three months of the year.
Quote:
2009-02-06
Quote:
Comments ATLANTA (Map, News) - Discount carrier AirTran Airways doesn't expect any overall growth for two years as it tries to weather the severe downturn in the U.S. economy, though it will add service in Milwaukee in a renewed effort to gain market share there, Chief Executive Robert Fornaro said Thursday. Fornaro told a gathering of analysts at the Raymond James & Associates Growth Airline Conference that AirTran will cut capacity in 2009 and likely will be flat in terms of capacity in 2010, but in 2011 it could (doesnt mean it would) grow at least 5 percent. In the meantime, it will make a push in Milwaukee.
Quote:
AirTran pilots to picket outside annual meeting
Originally published: May 17, 2010 4:37 PM
By The Associated Press HARRY R. WEBER (AP Airlines Writer)
ATLANTA - (AP) — AirTran Airways' pilots plan to picket outside the discount carrier's annual meeting to step up pressure on management over the workers' more than five-year effort to secure a new contract with better wages and quality-of-life improvements.
They also expect to announce during Tuesday's shareholders' meeting in Milwaukee that rank-and-file pilots have authorized the union to call a strike if it chooses.
At stake is AirTran's low-cost advantage over larger rivals that has allowed it to lead the way on fare sales and usually still turn a profit. AirTran posted a small loss for the first quarter but said it expects future cost pressures from fuel and maintenance. Additional labor costs could further affect its bottom line.
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SWA/FO
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Somebody said the other day "That if the AT Pilots did go on strike that they had planned to shut it all down in 3 days" (Like Management didn't have enough cash to weather the storm).
So I started wondering? Then I posted the cash question here... when JuanJuan jumped my $hit... like he has somehting to hide. What you hiding JJ?
So I started wondering? Then I posted the cash question here... when JuanJuan jumped my $hit... like he has somehting to hide. What you hiding JJ?
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