Grinstein b!tch slapped Doogie!

[BoeingBoy]

He didn't appear to be a DL employee.

I'd just about guarantee that he wasn't. There are companies which sell advertising on those "mobile billboards" and the driver undoubtedly worked for the company there. Probably could have cared less what was on the side - he was just doing his job.

Jim

 

[PITbull]

Then using your argument as fact, DAL made better financial sense for the creditors, otherwise they would have went with LCC. I happen to think the massive opposition LCC encountered with labor and practically everybody else had a part as well. It seems the only people who were pro-merger were Senior LCC management and some short-minded hedge fund managers.

This was a completely different set of circumstances compared to when Doogie saved US Air, they were at death's doorstep, prepared for Chapter 7, Delta couldn't be more further removed from that situation. US Airways begged for a life saver and it just so happened Doogie answered the call, DAL never did because we never needed it. Perhaps had Doogie let US Airways die a natural death, everybody, especially Doogie, wouldn't be crying about too much industry capacity.

Once the contracts were ratified, the company was not going over a cliff. Lakefield was looking to get his buddy Bronner out of the business of airline investing. In addition, U had temporary managment since 2002. The scheme was restructure in BK (twice), Execs get rich quick and then dump and move to the next airline.

 

[RowUnderDCA]

Did you see the guy driving the billboard mobile around US Airways HQ in Tempe? He's been out there, hired by DALPA, for a few days. One side says "keep delta my delta" and the other is a message to USA employees that Doug Parker is mortgaging the company.

I saw one in DC this week.

 

[insp89]

Grinstein assembled a core of executives that turned DL around - and built a plan that the creditors embraced - with the support of dozens of legislators, business, and community leaders.

Yes, Grinstein "beat" Parker.

First of all, It didn't matter to me if this merger happened or not..

It remains to be seen as to who "beat" who..One thing that is for sure, is that this attempted merger has made it far more costly for Delta to come out of Bankruptcy.

In order to hold off Usairway's takeover, Delta now has to pay far more $$$ to their creditors than they previously planned.

Even though Parker failed to get control of Delta, He did manage to weaken Delta coming out of Bankruptcy..

Parker was Delta's creditors best friend.

 

[phasersonstun2]

The emerged Delta will be heavily leveraged and in desperate need of fresh capital. There is only one source of cash... the stock market.

SO the new Delta will have to issue 'mo shares than they planned originally. They also must rely on a continued up market in the transportation sector. According to Wall Street lore, there is a good chance of this since the Super Bowl victor will be an NFC team (Bears) or an original NFL team (Colts).

But the future of Delta? Not as a stand alone. The next run at them will be through the stockholders; who if the money is right, aren't likely to say "uncle".

Siguer el dinero.

 

[delta777]

The emerged Delta will be heavily leveraged and in desperate need of fresh capital. There is only one source of cash... the stock market.

SO the new Delta will have to issue 'mo shares than they planned originally. They also must rely on a continued up market in the transportation sector. According to Wall Street lore, there is a good chance of this since the Super Bowl victor will be an NFC team (Bears) or an original NFL team (Colts).

But the future of Delta? Not as a stand alone. The next run at them will be through the stockholders; who if the money is right, aren't likely to say "uncle".

Siguer el dinero.

:cop: Time out, the B.S. police are here!!!

Heavily leveraged, how so??? Do you mean like LCC, who's fleet is more than 90% leased, verus DAL's 65%? Or perhaps your talking about LCC's debtload, which was somewhere around $8.0-8.5 billion last time i checked, versus DAL's $7.5 billion once we exit bankruptcy. Yeah, i guess your right, DAL is so screwed!!!Lest not forget, once DAL exits bankruptcy, we'll have the lowest unit costs of any network carrier, that includes you LCC.


If DAL is going to have a hard time at remaining a stand-alone, i hate to even think about what the future holds for LCC. Aside from their all-powerful worldwide route system ( )they don't have a leg to stand on. Come on guys, either give facts to back up your claims, or don't bother, i could care less what the lav dumper in PHL told you. :jerry:

 

[Bear96]

If this merger proposal was DOA why did Delta fight so hard to remain independent? After all, if Delta was such a strong business enterprise why fight?

Delta exhibited an enormous effort to prevent the merger such as holding rallies, passing out tens of thousands of buttons, engaging their Congressional delegation to hold a Senate hearing on so-called industry consolidation, and misrepresenting information.

I was in favor of the proposed merger because I believe it would have benefited every Delta and US Airways employee, but after witnessing Delta's actions I would like to see US Airways & Northwest combine and then United & Continental, which would make Delta the weakest legacy carrier who would struggle against the likes of UA/CO, US/NW, and AA, maybe with no domestic code share partner.

Regards,

USA320Pilot

P.S. Those who laugh last last best!

Dude, spare us.

You were wrong. Again.

And please also spare us the "well I never said it would definitely happen" speech. Your endless posts each time some analyst somewhere said this was a good deal and would happen, combined with your endless posts attacking those who suggested maybe it wasn't such a good idea or might not happen, make your "well I never said it would definitely happen" spin simply laughable. You clearly took a side, and your side clearly lost. Buh-bye now.

Now go crawl under a rock again until the next opportunity to kiss DP's a$$ at the expense of your colleagues arises.

And while you're at it, get rid of that big chip on your shoulder.

 

[insp89]

:cop: Time out, the B.S. police are here!!!

Heavily leveraged, how so??? Do you mean like LCC, who's fleet is more than 90% leased, verus DAL's 65%? Or perhaps your talking about LCC's debtload, which was somewhere around $8.0-8.5 billion last time i checked, versus DAL's $7.5 billion once we exit bankruptcy. Yeah, i guess your right, DAL is so screwed!!!Lest not forget, once DAL exits bankruptcy, we'll have the lowest unit costs of any network carrier, that includes you LCC.
If DAL is going to have a hard time at remaining a stand-alone, i hate to even think about what the future holds for LCC. Aside from their all-powerful worldwide route system ( )they don't have a leg to stand on. Come on guys, either give facts to back up your claims, or don't bother, i could care less what the lav dumper in PHL told you. :jerry:

777, What kind of "facts" do you want ???

Are you telling me that you do not believe Delta is now obligated to pay their creditors more than they first planned ??
I believe you can find this listed under "common sense".

B.S. Police ? , Yeah, Can't you hear them ?, They are knocking on your Door..

 

[donttouchthebeauty]

777, What kind of "facts" do you want ???

Are you telling me that you do not believe Delta is now obligated to pay their creditors more than they first planned ??
I believe you can find this listed under "common sense".

B.S. Police ? , Yeah, Can't you hear them ?, They are knocking on your Door..

Delta 777 is just a scared little kitty cat... 😱

 

[WorldTraveler]

DL is paying its creditors exactly the same thing it planned to pay them before US came along. The amount - ZILCH?

DL isn't paying the creditors one red cent. They are getting STOCK in the reorganized company. Period. If DL doesn't deliver, the creditors get nothing.

Delta's net debt coming out of BK will be comparable to what US has now - the difference being that DL is about twice the size of US so effectively has half the debt. Perhaps that's why industry analysts say that US now has to deal with high debt in addition to an unfinished merger complete with hostile labor.

DL will have the lowest costs of the network carriers and the lowest debt - in addition to hubs in the largest markets on the east coast. US' hubs are being overrun by TRUE low fare and low cost competitors while DL held its market share in all of its key markets throughout bankruptcy.

Further, DL will be free to consolidate with carriers that make sense in the future. There has been no indication that US is wanted by any other carrier in any industry consolidation scenario.

Doug Parker's worst nightmare is coming true. US is the one that has alot to be concerned about. Denying US' plight going forward shows a lack of knowledge about the nature of the airline industry.

 

[delta777]

Thanks for clarifying my earlier comments, WorldTraveler. From now on i'll dumb-down my statements for the less mentally capable.

Apparently insp89, donttouchthebeauty, and phasersonstun2 chose to ignore this simple fact, once Delta exits bankruptcy, we'll have the lowest unit costs of ANY network carrier. Doesn't get more cut and dry than that does it? 😉

 

[yvrusfa]

Delta777 and WorldTraveler...


OK... Enough is enough! This thing is over and now please go back to YOUR DAL board!! You are both becoming quite tiresome! :angry:
None of the US people want to hear anymore of your vitriol against USAirways anymore and I am sure I speak for the vast majority of US folks on here.

If Delta is sooo great then please go discuss that with the rest of the Delta folks on that board and put all your efforts into getting yourselves out of BANKRUPTCY.

We just made a $500 million profit this last year and I will be quite happy to take my hefty profit sharing check to the bank while you guys flounder around trying to "fix" your airline. When was the last time DL saw a profit?? 2000??

As far as US having a "small Int'l footprint"....I don't think 16 European destinations with 3 more coming this summer is exactly small.?? NWA has far fewer and so does UAL.
Face it....this industry is changing and Delta and the other legacy carriers better start running themselves like a "business" and less like pre-dereg fiefdoms and maybe you will see that profits can be had.

Go get a life and GET OFF OUR BOARD!!
Thanks! :blink:

 

[insp89]

DL is paying its creditors exactly the same thing it planned to pay them before US came along. The amount - ZILCH?

DL isn't paying the creditors one red cent. They are getting STOCK in the reorganized company. Period. If DL doesn't deliver, the creditors get nothing.

Delta's net debt coming out of BK will be comparable to what US has now - the difference being that DL is about twice the size of US so effectively has half the debt. Perhaps that's why industry analysts say that US now has to deal with high debt in addition to an unfinished merger complete with hostile labor.

DL will have the lowest costs of the network carriers and the lowest debt - in addition to hubs in the largest markets on the east coast. US' hubs are being overrun by TRUE low fare and low cost competitors while DL held its market share in all of its key markets throughout bankruptcy.

Further, DL will be free to consolidate with carriers that make sense in the future. There has been no indication that US is wanted by any other carrier in any industry consolidation scenario.

Doug Parker's worst nightmare is coming true. US is the one that has alot to be concerned about. Denying US' plight going forward shows a lack of knowledge about the nature of the airline industry.

world,
You can't be that gulliable, Can You ??

Do you actually believe there were no back door deals and commitments made to Delta's creditors in order to keep them from accepting Parkers offer ?? :lo

777,I find the "Deltoid" mentality quite amusing...

Please tell me that you guys are aware that your management team filed for bankruptcy right BEFORE the Bankruptcy laws were to be changed.
These changes were put in place to keep Upper management from rewarding themselves with Huge $$$ payouts, while at the same time, EXTRACTING Pay and Benefit Cuts from the people that actually do the work..
Please stay tuned, Your management team that you worship today will soon be Profiting greatly off the backs of Delta's workers..
Too bad some do not have the common sense to figure it out..

 

[delta777]

world,
You can't be that gulliable, Can You ??

Do you actually believe there were no back door deals and commitments made to Delta's creditors in order to keep them from accepting Parkers offer ?? :lo

777,I find the "Deltoid" mentality quite amusing...

Please tell me that you guys are aware that your management team filed for bankruptcy right BEFORE the Bankruptcy laws were to be changed.
These changes were put in place to keep Upper management from rewarding themselves with Huge $$$ payouts, while at the same time, EXTRACTING Pay and Benefit Cuts from the people that actually do the work..
Please stay tuned, Your management team that you worship today will soon be Profiting greatly off the backs of Delta's workers..
Too bad some do not have the common sense to figure it out..

What does that have to do with the price of tea in China? I was merely responding to your claim that LCC was somehow better positioned long-term than DAL. I let the facts speak for themselves. You would know all about the bankruptcy process and how its used to exact concessions on workers. LCC/HP/US Airways have filed 3 times.

Oh, by the way, once we emerge from bankruptcy, we'll be receiving 15% profit-sharing for everything up to the first $1 billion in profit, and 20% for anything beyond that. Along with a pay raise, and stock options. Heard it straight from Jim Whitehurst at the Velvet Rope Tour recently. Yes, the future is bleak for DAL workers.

 

[US1YFARE]

What does that have to do with the price of tea in China?

I don't know, but since Delta doesn't fly there, you can't tell us either.