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Speculator's mocking the airlines

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Superpilot92

LONGCALL KING
Joined
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An Open Letter to All Airlines

THEY SEEM TO THINK ITS FUNNY!!

An Open Letter to All Airlines

By Bill Mann, Tim Hanson, Nate Weisshaar, and Joe Magyer July 10, 2008 Comments (2)
2 Recommendations

Dear CEOs of AirTran (NYSE: AAI), Alaska Airlines, AMR (NYSE: AMR), Continental Airlines (NYSE: CAL), Delta Airlines, Hawaiian Airlines, JetBlue (Nasdaq: JBLU), Midwest Airlines, Northwest Airlines, Southwest Airlines (NYSE: LUV), UAL (Nasdaq: UAUA), and US Airways (NYSE: LCC),
Thank you for your July 10 letter detailing the threat of rising oil prices to your businesses and our economy and for encouraging us to help you "Stop Oil Speculation Now." We have a few follow-up comments, questions, and suggestions.

First, we feel your pain. You have, historically, been a group of such well-run businesses that it's difficult to watch some of you pile up losses and flirt with bankruptcy. This is unprecedented in our economic history and the situation clearly requires urgent action. Or not.

Didn't Eastern Airlines collapse when oil was $12 per barrel? Come to think of it, U.S.-based airlines have eviscerated shareholder capital for decades. The Oracle of Omaha invested in U.S. Air one time, and has described the fact that he managed to make money as being indistinguishable from blind stinking luck (we're paraphrasing here). We even have a colleague who wrote recently that he wouldn't recommend airline stocks to his worst enemy.

So perhaps you shouldn't be blaming oil traders for your difficulties, but rather should focus on developing a robust, highly efficient industry based on the ideal of competition which ensures timely and enjoyable coast-to-coast (and even international) travel. That means, first and foremost, good service -- even for economy class passengers. After all, people will always need to travel. You might find out that airline passengers are more willing to pay up to fly (see the growth of a company like NetJets) when they know it won't be a dreadful experience.

But please let us know if your strategy works. We're pretty fed up with how the stock market has been declining recently. Perhaps we can convince Congress that the downturn threatens American savings and has been driven by "speculators" who are selling stocks without regard to their fundamental prospects and that we need regulations that will "Stop Stock Selling Now."

Yeah, that sounds like a foolproof solution.

Sincerely,
Us
 
I think it is sad and I agree with the above letter. The airlines need to RAISE the fares! But, it is easier to keep cut throating each other and take away customer items. The airline execs do not care about the employees getting the shaft. That is the sad part.
 
That is a letter from four guys who would screw their mom if there was profit in it. What else would they do but go tell you to shove off. That is why we need to close the loop hole and cut them off at the knees.
 
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That is a letter from four guys who would screw their mom if there was profit in it. What else would they do but go tell you to shove off. That is why we need to close the loop hole and cut them off at the knees.

I absolutely agree. These oil prices are killing our industry and no matter how many times the ******************************'s in the article say it there is no way the industry could have been prepared for a 100% spike in oil in less than a year. Speculation is playing a part in the price, its not the only reason but it is adding at least 30-40 dollars a barrel onto the price.

Oh not to mention comparing the PAX at Netjets to the everyday 121 pax just shows the guys are morons.

They are probably drunk after making a killing selling their mothers soul.:puke:
 
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Oh not to mention comparing the PAX at Netjets to the everyday 121 pax just shows the guys are morons.

Hey moron, most of those pax at Netjets used to be YOUR everyday 121 pax. In fact, they used to buy first class tickets. I wonder why they choose to pay more for Netjets?
 
Hey moron, most of those pax at Netjets used to be YOUR everyday 121 pax. In fact, they used to buy first class tickets. I wonder why they choose to pay more for Netjets?

BS the everyday 121 PAX isnt the first class pax. Sure every now and again there were and are bigwigs up front but they arent your "everyday 121 pax". The Everyday 121 PAX DOES NOT ride on Netjets or in first class, Moron.

Thanks for the debate though.
 
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That is a letter from four guys who would screw their mom if there was profit in it. What else would they do but go tell you to shove off. That is why we need to close the loop hole and cut them off at the knees.

Sounds just like a bunch of pilots fighting over a senority number and age 60.
 

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