Northwest and Delta?

[Redbone]

DP has a plan. see this quote from him.

In a conference call with industry analysts, Chief Executive Doug Parker brushed aside concerns of his company taking on more debt.

Parker noted that companies like General Electric Co. operate successfully despite owning hundreds of billions of dollars because they also enjoy enormous earnings.

"The absolute level of debt doesn't mean anything," Parker said. "What matters is the ability to service the debt."

This kind of management will leave the usairways/delta in a tough spot in any downturn or an attack like 911. GE is diversified and can quickly adapt. An airline could not quickly adapt outside a BK court.

My question to Mr. Parker would be..."and airlines end up BANKRUPT [twice for US] because of what?" Maybe crushing debt that they can't generate enough sustainable revenue.

Delta would be foolish to tie up it's finances with this joker. :down:

 

[Blackdog]

So the "Grand Plan" finally emerges into the light. We all knew the day NW and DL went hand-in-hand into the bankrupcy court that this was the plan all along. US volleying for DL was a chink in their armor's plan, but you know, (if you know NWA at all) that they had their I's dotted and their T's crossed well before any of this hit the news. And they have probably gotten all the assurances they need in Washington already. Now as to what the combined carrier name would be? How 'bout Delta-Northwest Airlines...better known as DNA. Their slogan can be..." We are so a part of you, we're already in your genes!" Just a thought. LOL!

 

[Redbone]

Apparently, all Directors from across the system were rushed to the Bldg. A this morning.

 

[phasersonstun2]

My question to Mr. Parker would be..."and airlines end up BANKRUPT [twice for US] because of what?" Maybe crushing debt that they can't generate enough sustainable revenue.

Delta would be foolish to tie up it's finances with this joker. :down:

Dude, you really need to do some research. Abridged.

U went into bankruptcy (on Sunday while I was at Fenway Park) to wipe out the pilot/F/A contracts and pensions... period!

Most of the union cleaving was done in BK 1 but Mr. Segal had a performance clause in his contract that rewarded him if U were to emerge from BK by a certain date. Nine months later, Segal emerged U from BK so he could cash in on his bonus, then he left the U scene.

Then a new mgt. team steps in and plunges U back into BK in order to reject leases (that were horrendously expensive even in good times) and twist other unions' arms. Lo and behold, once we all give 'till it hurts, the airline is now operating in the black. Operating from a stable platform, its' no surprise to any of us at U east that we were ripe for a merger.

None of this has anything to do with Parker.

 

[PHLfa88]

It's Funny How Everyone Gets Giddy When They Read Something From The High and Mighty WSJ! From the Delta Employee Website.

January 10, 2007

"As our progress to exit bankruptcy draws headlines from a variety of sources, media representatives often offer speculation in their reports. Included in media coverage today is more speculation about industry consolidation. The Wall Street Journal reported alleged talks between Delta and Northwest.

As a matter of policy, Delta does not comment on rumors or speculation regarding conversations or meetings with other parties. You can count on DNN for any updates".

 

[jenny@nw]

Apparently, all Directors from across the system were rushed to the Bldg. A this morning.

Sounds familiar. Last time they had a meeting with all the pee on managers and such was this 18 month plan. :down:

 

[Redbone]

Dude, you really need to do some research. Abridged.

U went into bankruptcy (on Sunday while I was at Fenway Park) to wipe out the pilot/F/A contracts and pensions... period!

Most of the union cleaving was done in BK 1 but Mr. Segal had a performance clause in his contract that rewarded him if U were to emerge from BK by a certain date. Nine months later, Segal emerged U from BK so he could cash in on his bonus, then he left the U scene.

Then a new mgt. team steps in and plunges U back into BK in order to reject leases (that were horrendously expensive even in good times) and twist other unions' arms. Lo and behold, once we all give 'till it hurts, the airline is now operating in the black. Operating from a stable platform, its' no surprise to any of us at U east that we were ripe for a merger.

None of this has anything to do with Parker.

Guess Parker has nothing to do with operating with two pilot contracts either?

When US is operating as one airline and makes a profit beyond a few quarters, you can claim "stable platform". "Dude"