Extra300S said:
F9 got the loan backing sooooo why can't UAL? Looks like the allmighty Frontier LCC took a loss as well........
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Extra300s,
You are correct, F9 did lose for the qtr (5.5million), but F9 made PROFIT for the whole year (2004)..
Second, F9 did get a loan but F9 was the first airline to repay the loan, in FULL, before its due date. Since the loan was paid in full before the due date, F9 was charged with a prepayment penalty.
Third, UAL will get the loan. It is an election year, UAL supports many jobs. It is almost a guarantee that UAL will get the loan, so politicians want to make it a game and make the public "think" that Ual is not going to get the loan.
Dont be frustrated with the LCC airlines. Although, 9/11 had something to do with Uals problems, Your management is to blame, mostly. I was once a pilot with a MAjor too.....LCC are way more efficient. I can tell you (it might be the coolade), but the LCC employees work as if they are part of a winning team. There are little or no Premaddonas at F9. Everybody here appreciates their job and knows it can be yanked out from underneath them. These are the difference, I see from my last employer.
Plus, this is the airline industry. Extra, you have enough experience to know this industry is cyclical. LCCs might be doing good now, but maybe not in the future.
I wish u luck! I can tell you, I wish the GREAT UAL will survive and prosper. With that in mind, Keep your head up and dont wish bad things on others! (this one goes out to Lequip (SP??).
Adios