Busdrvr said:Actually they can if they want to. It's called hedging.
5 years? Did the airlines or the creditors know that oil was going to go to $50/barrel, obviuosly they did not know that but even though the price of fuel was uncertain they still lent the airlines money.
You don't think there is a market for A320's and 777's? maybe that logic will work when AMR files since nobody wants MD-80's, but not with UAL's fleet.
Is that all UAL has is 777 and 320s? Sure they may lease the few dozen of them but what about the hundreds of others?
"They fact is that the unions were too stupid to see that and allowed themselves to get suckered into bad deals. The airlines have faced tough times in the past yet they still got financing without long term labor contracts."
How much you puttin up Bob? This ain't a charity. It's actually the idiots who claim to know about corporate finance yet come up with your B.S.
You seem to be getting hostile without even addressing what I wrote or what you quoted. Why is that if you are no longer even in the industry?
You were out telling them about the unemployment check they'd be getting. Well how about it Bob? Do they?
Did I? I dont see where I even mention unemployment in that post. I'll have to check. I suppose it depends on what state you live in and what you claim when you file.
Sure the excuse you gave was a good reason for the company to seek long term concessionary contracts but not a good one for the unions to accept them.
Having a JOB isn't a "good reason". I guess we'll see won't we. If there is a union primed to get crushed right now, it's the AMFA. And to be egging them on is irresponsible.
If we just wanted "a JOB" we can get that anywhere, we want a "GOOD JOB". If we are going to work crazy shifts, weekends and holidays we want a little extra to show for our sacrifice.
I'm ready to go down the same path if need be.I've made that clear over and over again and proven it by what I've said and done with those who I work with. Irresposible is giving away everything that we worked for with nothing but a reduced paycheck and no future in return. Besides if they are going to be crushed then why do you care? The fact is you are nothing but a scab.