Loss Reported $78 Million

[TellinItLikeItIs]

Hey Tim, why dont you tell the truth, you sure got a creative imagination, I used up all my sick time and never returned.

He finally admits he is not an employee anymore. But wait, look at his stats:
Total Cumulative Posts 10,841
( 10 posts per day / 2.61% of total forum posts )
Most active in US Airways
( 10405 posts / 97% of this member's active posts )
You need to seek help through a therapist, you have a serious problem! It appears your whole life revolves around your ex-employer internet chat board. Take a long look at yourself in the mirror, your missing alot in the REAL world, spending your time argueing here. Your a sick, sick man. It is a sad site to watch and read, which is why my visits here are less and less. For your own good seek help immediately. :unsure:

 

[rjh]

Hmm. A loss. Go figure.

And, it's largely because they bet the wrong way on fuel hedges. And $27 million in merger related expenses.

I'd be worried about the latter. $27 million, and they still don't have a single combined labor contract or operating cert or reservation system. It's only going to get uglier once they try to tackle the hard stuff.

Fuel prices didn't really start to take large drops until September, which last I checked is the END of the 3rd quarter. Of course, I"m sure you knew all year long that the fuel prices would drop as much as they have.

 

[Richard]

Moderator Note--

Personal attacks of any kind will not be tolerated on these boards.

Please stay on topic of the 3Q loss.

Thank you.

 

[ClueByFour]

Fuel prices didn't really start to take large drops until September, which last I checked is the END of the 3rd quarter. Of course, I"m sure you knew all year long that the fuel prices would drop as much as they have.

I have no earthly idea what the price of fuel will do. My job does not require it. Management of an airline, however, does require it.

 

[LCC_#1]

I was at the meeting. DP assured us that 12 million had been added to the profit sharing and that we were up to 48 million and he anticipated going over 50 million for the year.

He explained that the loss was 78 million, there were many items that were put into play because of the east ch 11...things that are part of the process and that the bottom line is that the biz analyst look at the 103 million that is a profit. Go to the webcast and here what he said. He said that the profit sharing is baesd on the final report of 103 million. That's from the horses mouth.

Believe what you want.

 

[rjh]

I have no earthly idea what the price of fuel will do. My job does not require it. Management of an airline, however, does require it.

Many economic experts were predicting oil to go up to $100/barrel

 

[BoeingBoy]

Many economic experts were predicting oil to go up to $100/barrel

Not quite true, unless you only read the headline....

A few "experts" talked about the possibility of $100/bbl oil, but with qualifiers about the world events that would be necessary to achieve that price level.

Meanwhile, the real experts that spend all their time analyzing the petroleum markets forecast this:

"The price of West Texas Intermediate (WTI) crude oil is projected to average $67 per barrel in 2006 and $66 per barrel in 2007."

Having said all that, the hedging charge isn't that troubling to me personally for 2 reasons - first it appears that it's only an accounting entry and not real money going out the door, and second that even WN incurred a sizable charge for hedging.

More telling to me is Clue's other point - merger expenses. Senior management has missed their forecast in this area every quarter this year, and not to the good side. If they don't have a good handle on this expense catagory, even when the 3rd quarter forecast came out 3 days before the end of the quarter, what message does that send.....

Jim

 

[HPearlyretiree]

Press Release

Hey 700, you are a bitter, bitter person. And an excellent representative of Unionism in America.

Typical reactionary garbage.

 

[soc-hpjester]

Would the FAA allow us to keep seperate ops certs ? That would be the ideal solution. Keep SOC/OCC seperate.

 

[BoeingBoy]

Would the FAA allow us to keep seperate ops certs ? That would be the ideal solution. Keep SOC/OCC seperate.

Undoubtedly - look at the Republic "family" of Chataugua, Republic, and Shuttle America with separate certificates.

The problem is that some of the $600 million in "synergies" is not there until we merge operations.

Jim

 

[700UW]

Hey 700, you are a bitter, bitter person. And an excellent representative of Unionism in America.

Typical reactionary garbage.

You don't know me, I posted a press release, how is that bitter?

Moderator Note--

Personal attacks of any kind will not be tolerated on these boards.

Please stay on topic of the 3Q loss.

Thank you.

 

[soc-hpjester]

Oh yes, those "SYNERGIES"

 

[LCC_#1]

Dont like it, use the ignore feature.

Now run along.

,

Hey 700,
Seriously, are you ok? You Do seem to be abit out of sorts today...just a sense of being on edge. No offense in saying that.

 

[longing4piedmont]

You don't know me, I posted a press release, how is that bitter?

You are what you post.....

Time for a raise for Doug and his gang of thieves in Tempe.

Dont like it, use the ignore feature.

Now run along.

,

Same dribble, different thread....

Hey lpi,

Maybe when you read the POR and see what the creditors did you might actually comprehend it.

So I guess you know more the Rueters and US Airways?

Sucks to be you and be wrong again.

Here is the link, no cut and paste, try again and Don't let the facts get in your way!

Reuters Article

And dead wrong on every one of them too, BTW.



Fry the Filly 22

 

[longing4piedmont]

Please stay on topic of the 3Q loss.

It was NOT a loss........