I own a business too! So there! As far as impending banruptcy, it was YOUR LEC rep at the time of the merger who stated that YOU would have been in bankruptcy, don't make me quote him again. Parker said it HIMSELF! Do you want me to QUOTE HIM....AGAIN? It was also revealed that without the merger YOU would have been in BK as well. I have the 10K on that and here is the link. You need to read it. The "business plan" Kirby refers to is the COMBINED business plan of BOTH CARRIERS....not of you or us separately.
Which LEC REP?? Is he still a rep or does he run hos own little news services call uturn? Uturn which by the way is full of Philly scare tactics which is one of the reasons they threw him out! Like he woud have that type of info anyway, get a grip man. Oh BTW like I said al you got is Parker said this and Parker said that! No hard data to offer except that which was AFTER THE MERGER, expected and typical with you east folk
I think the "hard financial data" is in the 10K for 2005. Oh wait, management lies so it can't be true. So where are those "profits" in 2005? A LOSS of 397 million is NOT a profit, my man. The trend was the INCREASING OF LOSSES year over year. Two quarters of consecutive "profit" does NOT make up for a yearly LOSS of 397 million!! Six months in the "grand scheme" of things does not make for good data for the long-term. Sorry to "break" your investment savvy.
The 10K admonishes us:
2005 let me say it again THE 2005 10K was AFTER THE MERGER so don't go stoking yourself too quick! AAA was broke and up agains the ropes this time for good! Air Wisconsin stole money from the pilots that was supposed to go to UAL. Eastshore put up the $125 million BECAUSE OF THE AWA DEAL! learn yout facts!!! Airbus put up the money BECAUSE OF THE AWA DEAL, learn your facts FIRST!!! So the 2005 10K didn't admonish jack it showed the power of the combined network, LEARN YOUR FACTS FIRST!!!
""Aviation fuel has historically been the Company’s second largest expense, but in 2005, aviation fuel was the largest expense. The average cost of a gallon of aviation fuel increased 33% from 2004 to 2005. Because the operations of the airlines are dependent upon aviation fuel, increases in aviation fuel costs could materially and adversely affect liquidity, results of operations and financial condition."
And THAT, SIR, is exactly WHAT WAS HAPPENING! Your sophmoric analysis leaves MUCH to be desired. READ THE 10-K!!
I did read the 10k and like I said it was AFTER THE MERGER not before so maybe this old sophmore know just a little bit more than the alumni huh. Do worry though easy fix, KNOW YOUR FACTS next time before you go pumping your broke ### company all up to something it wasn't!!!!!
We don't DESERVE IT ALL! And we've never said that. However, the seniority JUMP you argue makes NO LOGICAL SENSE! Borrowing power! What the HE!! are you talking about? Stockholder equity on the balance sheet was NEGATIVE!
AWA CAN'T GROW IN BANKRUPTCY EITHER!! Don't believe me, ask DOUG!
Here is Parker telling it at the Spring pilot meeting in 2006 LIKE IT IS:
Doug said this and Doug said that! What did the AWA financials say?? I see you swayed away from that, show the rest of us what those said IN 2004 ahhhh BEFORE THE MERGER!!! Yeah that's what I thought, long on entitlement really short on hard cold facts...
So there you have it...you guys 'pick and choose" who to believe and what to believe, but the analysis, AGAIN, is that BOTH OF OUR SITUATIONS WERE PRECARIOUS, US Airways in the short term and AWA in the long-term....measured in MONTHS, not YEARS, by the way. Doug was worried about "exit" financing if AWA went into BK but since BK didn't happen BECAUSE OF THE MERGER that scenario is moot as well. The merger saved BOTH OF US. It benefited BOTH OF US. Why do you think there talking mergers now? Synergies through cost savings and the REDUCTION OF LABOR create economies of scale to compete. But with NWA and DAL in BK, finding exit financing for AWA would have, most likely, been a long shot at best with fuel prices acting as unstable as they were. UAL and even DAL were having problems securing exit financing, if you remember. Thats why they kept putting off leaving BK. No money, no company.
Believe what you want.