autofixer
Veteran
- Aug 20, 2002
- 1,804
- 241
I wanted to start a new thread discussing what I think describes why LCC management does the things it does: 1.We exist to serivce the debt. 2.If we service the debt on time the stock price goes up and management gets to cash in their opitions.
Don't worry about the long range prospects of LCC, get the stock price up and cash in. Let someone else worry about the long range problems. The current management won't be here anyway. (I am on my 7th CEO in 19+ years)
1.RJs on heavy routes: Air Wisconsin...we exist to service the debt owed to them.
2.100 seat RJs all over the fruited pain: Mesa stuck with us so we exist to service our debt to them. Besides, we can fly routes cheaper with them and free up more cash! Who cares about the long range ramafications, management will be on the beach by then.
3.Poor customer service: We cannot hire too many employees, we must service the debt.
4.E170s at Republic: Remember that these machines were purchased with funds that would have been used for employees terminated retirement plans. Now the machines were sold...to service our debt. Customer service problems with Republic, see No.s 2 & 3 above.
5.The only debt not serviced is to the employees...they should simply be thankful that they have a job!
What do you think?
Don't worry about the long range prospects of LCC, get the stock price up and cash in. Let someone else worry about the long range problems. The current management won't be here anyway. (I am on my 7th CEO in 19+ years)
1.RJs on heavy routes: Air Wisconsin...we exist to service the debt owed to them.
2.100 seat RJs all over the fruited pain: Mesa stuck with us so we exist to service our debt to them. Besides, we can fly routes cheaper with them and free up more cash! Who cares about the long range ramafications, management will be on the beach by then.
3.Poor customer service: We cannot hire too many employees, we must service the debt.
4.E170s at Republic: Remember that these machines were purchased with funds that would have been used for employees terminated retirement plans. Now the machines were sold...to service our debt. Customer service problems with Republic, see No.s 2 & 3 above.
5.The only debt not serviced is to the employees...they should simply be thankful that they have a job!
What do you think?