Crandall says...

[LD3]

I flew 727's for RGA as part of Express One out to terra haute.... We're you out there?

Spent a few,years there before recall

BUF, was a Convair run....

 

[Walmartgreeter]

Hmmm. A bit defensive, are we?

Let me guess about your college degree.

In the first year that Schofield became president, the annual Forbes 500 list came out with 499 bosses having at least a bachelor degree. One did not.

Now, if your college of hard knocks theory were correct, then Schofield should have done a stellar job. Were you paying attention?

I actually had Seth on my flight to PIT earlier this year. Shook his hand and just said hello. NY, wasn't it Schofield (his team) that secured the 1B investment from British Airways in the early nineties? Don't remember the circumstances, but we were for some reason near BK. I also remember the Company going to the Allegheny County Airport authority, and asking for some relief. As would be the case 10 years later, the answer was "NO." Am I correct?Greeter

 

[traderjake]

NY, wasn't it Schofield (his team) that secured the 1B investment from British Airways in the early nineties?

It was $400 million.

British Airways May Rethink USAir Stake; Investment Write-Off, New Alliance With American Airlines Are Possible

Last year British Airways used its annual earnings report to announce that it was writing down half of its $400 million investment in the Arlington-based airline after USAir Group Inc. failed to win contract concessions from its labor unions. British Airways owns 24.9 percent of USAir.

http://www.highbeam....1P2-785670.html

 

[nycbusdriver]

I actually had Seth on my flight to PIT earlier this year. Shook his hand and just said hello. NY, wasn't it Schofield (his team) that secured the 1B investment from British Airways in the early nineties? Don't remember the circumstances, but we were for some reason near BK. I also remember the Company going to the Allegheny County Airport authority, and asking for some relief. As would be the case 10 years later, the answer was "NO." Am I correct?Greeter

Colodny was still CEO at the time. Schofield was president.

I remember some meeting (maybe stockholders annual?) where Schofield got up to talk and Colodny, not so quietly, told him "don't say too much." This was shortly before the BA infusion and stock purchase was announced. Colodny was definitely running THAT show.

 

[wings396]

Don't forget about the $$$$$ that Seth got Warren Buffet to pump into US as well. While I don't think that Uncle Ed was clueless, I do put him at fault for bailing out too soon after the PI & PS mergers, and leaving a mess for Seth to deal with. Given his limited abilities and resources, I think that Seth did a decent job keeping US afloat. I did hear that without the cash infusion from BA that US was not going to be able to make payroll at one point.

 

[Kev3188]

Dash8ROA--

I can't speak to Colodny or Schofield, but I agree with you.

Make no mistake; I think education is arguably the best investment one can make in themselves, there's a HUGE difference between education and accreditation, and people are all too quick to confuse the two.

 

[WorldTraveler]

very well said, Kev.
And the wisdom to know how to apply knowledge - no matter where it is acquired - is almost never learned in a classroom.

 

[usa1]

http://www.bloomberg...zfVNFmQxtA.html

Bob is spot on .... Government policy over the past 30 years has screwed this industry up.

And before WT jumps in and tells us how wonderful cheap tickets are let me point out that ticket prices haven't gone up since 1978. While the 1978 Jeep I drove cost me $7,500 then new .... today one cost $27,000?

During the same time period my pay and benefits have gone down 25%-35%? It's time for aviation workers to quit subsidizing tickets. If you can't afford a plane ride, take the train?

 

[prechilill]

. I did hear that without the cash infusion from BA that US was not going to be able to make payroll at one point.

Happened again in 2005- just sayin...

 

[WorldTraveler]

http://www.bloomberg...zfVNFmQxtA.html

Bob is spot on .... Government policy over the past 30 years has screwed this industry up.

And before WT jumps in and tells us how wonderful cheap tickets are let me point out that ticket prices haven't gone up since 1978. While the 1978 Jeep I drove cost me $7,500 then new .... today one cost $27,000?

During the same time period my pay and benefits have gone down 25%-35%? It's time for aviation workers to quit subsidizing tickets. If you can't afford a plane ride, take the train?

and where - just once - has WT ever said that it is good for American labor to subsidize the cheap tickets that Americans buy?

Where have I ever said that America is a stronger country because Americans can fly for nickels on the dollar compared to the costs to produce that service?

Where, oh where?

In fact, I have said many times that airline workers HAVE subsidized cheap fares because there was too much capacity in the system because of competition run amuck that has allowed anyone with a few bucks in their pocket and the wunderlust to fly to launchc an airline - and existing airlines had no choice but to compete to survive.

I have also said that capacity is better under control in the US now than at any time since deregulation and airlines are indeed pushing fare increases through to cover the increased cost of jet fuel.

Some carriers are stronger and have the ability to competitively affect the outcome of the industry better than others and thus the competition between low fare carriers and network carriers is now turning into aggressive competition between the network carriers.

It makes it even harder to argue the point that competition is hurting airline workers when the two airlines thave been most successful in growing against other airlines - DL and WN - pay their employees better than most other airlines.