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Delta Airlines Reported to File Chapter 11 Within 48 Hours.
Fox News, 6;08 PM | Sept 12, 2005 | AGP

Posted on 09/12/2005 3:15:48 PM PDT by AGreatPer

Just reported that Delta will file for Chapter 11 within 48 hours.

My words - Northwestern won't be far behind.


TOPICS: Business/Economy
KEYWORDS: airplanes; dal; unions
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To: AGreatPer

Ch. 11 is not the same as liquidation. At this point, all union contracts will be null and void, so layoffs and service curtailment is a given.


61 posted on 09/12/2005 4:08:33 PM PDT by Rutles4Ever
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To: AGreatPer

If they can't run at a profit, screw 'em. Especially after the billion dollar post-911 bailout cash they got.


62 posted on 09/12/2005 4:09:10 PM PDT by ctlpdad (Veggie: For women, a wedgie on the opposite side.)
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To: Paleo Conservative
What do I know about Chapter 11? Little to nothing. It might help. I just don't want to be the companies getting short changed. I was just reporting breaking news on Fox.

I do know this, I loved flying People Express a few years back. All the employees had a stake in the action. Never figured out why that didn't work. All employees had such a great attitude.

63 posted on 09/12/2005 4:10:18 PM PDT by AGreatPer
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To: Clemenza
Best I could find:
64 posted on 09/12/2005 4:10:26 PM PDT by ctlpdad (Veggie: For women, a wedgie on the opposite side.)
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To: AntiGuv
What part of "slang" don't you get?

I don't get what that has to do with anything. You cited "hock" as in "ham hocks" and "hawk", as in "sell", and implied that Reuters, and the rest of the world, had these two words confused, which is a pixilated notion. Delta is most decidedly not "hawking" its assets.

65 posted on 09/12/2005 4:12:36 PM PDT by dr_lew
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To: Arkie2

Our pilots and FA's are union, but the ramp, mechanics and dispatchers arent..


66 posted on 09/12/2005 4:15:07 PM PDT by cardinal4 ("When the Levee breaks, Mama, you got to move....")
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To: Pylon
I, for one, will NEVER fly Southwest. I want a seat assignment ahead of time... not cattle-car boarding and losing aisle seats to retirees and others who would have nothing better to do than go to the airport hours ahead of time... da*n I wish most of those types would go Greyhound. I hate flying business or weekends for any reason. Too many people get a lobotomy as they enter the airport. I want my seat, get on, put my laptop case under the seat ahead of me, shut up and get there.

The problem with air travel is that many people think they should be able to fly for $29.95. Of course, the STUPID AIRLINES have encouraged that!

What airlines SHOULD be doing right now is ADD fuel charges to ervy ticket. Be up-front with the flying public. Don't like it? Drive or take Greyhound.

Yes, my spouse works for a major (26 years). Yes, I am a business owner that has been able to pass "fuel surcharges" to customers.. Guess what? NOT ONE SINGLE COMPLAINT. And, we have booked or shipped 80% of the total year's Business Plan in, (Are you ready??)... FIVE MONTHS!!! (April to August). Last year (Apr04-Mar05) was 25% ahead of Plan.

67 posted on 09/12/2005 4:15:22 PM PDT by fuquadukie (If you can't hang with the big dogs, then don't jump off the porch.)
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To: AGreatPer
Great.

Does this mean we taxpayers need to pick up the responsibility for their pension plan as well?

68 posted on 09/12/2005 4:18:32 PM PDT by Gritty ("Democrats are the go-to guys for soap-operatic sobbing and righeous histronics - Mark Steyn)
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To: buccaneer81
I forgot about that. One thing about Continental that is impressive is their newer fleet. Northweat and United love to torture people with 25 year old DC 9's and MD 82's.

I hate to pick nits, but UAL doesnt have 25 year old -9s or 82's, they have 25 year old 737s!

69 posted on 09/12/2005 4:19:38 PM PDT by cardinal4 ("When the Levee breaks, Mama, you got to move....")
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To: dr_lew
You cited "hock" as in "ham hocks" and "hawk", as in "sell", and implied that Reuters, and the rest of the world, had these two words confused, which is a pixilated notion.

I now think I was wrong about that, and if I had indeed been polishing this for 40 years I probably would've discovered that sooner!!

I don't get what that has to do with anything.

In what might as well be another life, I was once a journalist. I had it drilled into me not to use slang in articles unless it's directly relevant to the topic at hand and clearly delineated as such. That was my problem to begin with! My own misperception about the origin of the given slang doesn't change my problem.

One of the reasons BTW that slang should not be used is because it leads to confusion and misunderstanding. This thread is a case in point......

70 posted on 09/12/2005 4:21:22 PM PDT by AntiGuv (™)
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To: GadareneDemoniac

And, in Ch 11, they can get rid of their pension plan.


71 posted on 09/12/2005 4:22:11 PM PDT by rawhide
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To: dr_lew; MikeGranby
PS. And thanks for correcting my error. Especially since I found a cool site as result: Online Etymology Dictionary.
72 posted on 09/12/2005 4:23:42 PM PDT by AntiGuv (™)
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To: cardinal4

Northwests' DC-9's average 34 years in age.


73 posted on 09/12/2005 4:23:43 PM PDT by Pylon (Remember boys, flies spread disease, so keep yours closed.)
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To: rawhide
And, in Ch 11, they can get rid of their pension plan.

Health care for pensioners; that's the major cost. But yes, I'm sure that is on someone's drawing board. But of course, most of all, they want bailout from congress. Always bailout from congress.
74 posted on 09/12/2005 4:23:47 PM PDT by kingu (Draft Fmr Senator Fred Thompson for '08.)
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To: AGreatPer
When I looked in the cockpit and didn't see a steering yoke it did shake me up a bit. They had this round arcade like wheel on the left of the pilot.

I'm just guessing that the round wheel you saw was to steer the front gear (the tiller) while on the ground. Some of these planes have a sidestick (like on the F16) as the main control.

75 posted on 09/12/2005 4:23:51 PM PDT by buccaneer81 (Rick Nash will score 50 goals this season ( if there is a season)
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To: cardinal4
I hate to pick nits, but UAL doesnt have 25 year old -9s or 82's, they have 25 year old 737s!

LOL! You got me. But I remember UAL flying really old 727s in the late '90s.

76 posted on 09/12/2005 4:27:01 PM PDT by buccaneer81 (Rick Nash will score 50 goals this season ( if there is a season)
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To: Gritty

"Does this mean we taxpayers need to pick up the responsibility for their pension plan as well?"

The precedent has alreay been set by United. BTW, the airlines have always made sure that both sides of the aisle (not aircraft) were well paid off. And always an upgrade for a member of Congress too!

I won't shed any tears for Delta or United. They really screwed the travel agents, major collusion which was ignored by the Justice Department (surprise!).


77 posted on 09/12/2005 4:27:20 PM PDT by CATravelAgent (Suppose you were an idiot, and suppose you were a member of Congress. But I repeat myself.)
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To: Gritty
"Does this mean we taxpayers need to pick up the responsibility for their pension plan as well?"

As has been mentioned several times here, Chapter 11 is not the end of life necessarily. It is reorganization (meaning, scaw some of your best friends).

Several airlines have come back a few times (USAIR).

I remember a prediction many, many years ago that the US would end up with 2-3 majors. It is happening.

This business in all aspects is just too complicated for me.

For me, I really miss PanAm. Now that was an airline with personality and charm.

78 posted on 09/12/2005 4:29:52 PM PDT by AGreatPer
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To: AntiGuv
What part of "slang" don't you get? Or did you think that slang doesn't have an etymology, and can't be even centuries old?

The primary function of good writing is to be clear. Obediance to rules should be secondary to that.

Although the term "hock" is defined as "pawn", that usage actually includes not only pawning, but also other means of putting up collateral to receive money.

The meaning of the Reuters sentence you cited was clear to most people here. How would you have written it?

79 posted on 09/12/2005 4:30:28 PM PDT by supercat (Don't fix blame--FIX THE PROBLEM.)
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To: buccaneer81

".......United love to torture people with 25 year old DC 9's and MD 82's."

Umm. I hate to tell you that United does not operate either of these aircraft.

Regards!


80 posted on 09/12/2005 4:36:45 PM PDT by Habibi
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