Southwest and other non-union carriers will flourish.
1 posted on
09/12/2005 3:15:50 PM PDT by
AGreatPer
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To: AGreatPer
I thought the headline meant the Mississippi Delta...
2 posted on
09/12/2005 3:16:27 PM PDT by
atomicpossum
(Replies should be as pedantic as possible. I love that so much.)
To: AGreatPer
Southwest would also be loosing a great deal of money right now if they hadn't locked in their fuel prices, union or no union.
To: AGreatPer
My words - Northwestern won't be far behind. Naw. They won by one point on Saturday.
Now Northwest, on the other hand, might be right behind Delta :)
4 posted on
09/12/2005 3:19:50 PM PDT by
Colonel_Flagg
("One might even go so far as to say ... he's mediocre." - Daffy Duck)
To: AGreatPer
Delta Going Under within 48 hours
I don't quite think that Chapter 11 (Bankruptcy) is equivalent to Chapter 7 (Liquidation...or Dissolution of the Company)
5 posted on
09/12/2005 3:20:20 PM PDT by
ExcursionGuy84
("I will Declare the Beauty of The LORD.")
To: AGreatPer
All government aid should be titled "Union Bailouts" since non-union airlines are doing OK.
To: AGreatPer
Here is the
Reuters story, with this pathetic little tidbit:
To obtain the financing, Delta will have essentially to hock every unencumbered asset....
hock: To disable by cutting the tendons of the hock; hamstring.
hawk: To peddle goods, as in a marketplace.
7 posted on
09/12/2005 3:23:11 PM PDT by
AntiGuv
(™)
To: AGreatPer; Paleo Conservative
BTW: I was told by some folks at Delta that they were going to file on Friday after the Exchange closed. I guess my sources were off by 2-3 business days. I need to give them a call to see why they waited.
11 posted on
09/12/2005 3:25:42 PM PDT by
Clemenza
(What's Puzzling You is Just the Nature of My Game)
To: AGreatPer
Correction: LOW-COST (largely nonunion, with the exception of SW, which has its own "in-house" union) will thrive.
Again, the problem is too much capacity on the market, a lumbering industry given too much support from the NTSB, to say nothing of GE Capital opening the spigot and keeping the legacy carriers on life support.
14 posted on
09/12/2005 3:27:25 PM PDT by
Clemenza
(What's Puzzling You is Just the Nature of My Game)
To: AGreatPer
15 posted on
09/12/2005 3:27:41 PM PDT by
sabatino28
(God save us all!!!)
To: AGreatPer
I'll cancel my reservations.
To: AGreatPer
Too bad for Delta. Southwest? The cattle call of the sky? LOL, as anyone who has flown it knows, what a trip!
Delta Going Under within 48 hours
Odd title since the Mississippi delta is underwater...
To: AGreatPer
No worries. We taxpayers will bail them out, again.
20 posted on
09/12/2005 3:29:14 PM PDT by
mtbopfuyn
(Legality does not dictate morality... Lavin)
To: AGreatPer
21 posted on
09/12/2005 3:29:14 PM PDT by
fhlh
(Polls are for strippers and liberal spin.)
To: AGreatPer
Simply rescheduling debt.
They'll be in the air all night and tomorrow.
Delta needs to quit trying to be everything and all that. Ditch the low productivity routes.
22 posted on
09/12/2005 3:29:47 PM PDT by
xzins
(Retired Army Chaplain and Proud of It!)
To: AGreatPer
'Today, major airlines sent Delta in to send up the flare that they didn't get anything out of the emergency aid package for Katrina. Since the last large cash infusion of 9/11, most major carriers have included such infusions into their plans and avoided locking in fuel prices when amounts were cheap.
'Other airlines are expected to follow Delta's lead until Congress finally gets their message.'
I have little faith in the airline industry anymore. They're the worst welfare queens. I'd love it if the federal response would be to send the airline one debit card each with $2,000 on it.
30 posted on
09/12/2005 3:37:24 PM PDT by
kingu
(Draft Fmr Senator Fred Thompson for '08.)
To: AGreatPer
Will the changes in the bankrupcy code make it easier or harder for Delta to leave bankrupcy?
To: AGreatPer
Delta should come out strong after the Bankruptcy. However, in the mean while many employees will lose their jobs.
To: AGreatPer
I bet fuel falls even more.....yippee.
To: AGreatPer
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.
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