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The RSA has billions. If they're interested in running an airline, why don't they front the cash for the hedges, instead of asking the employees to buy the gas for the planes?Former ModerAAtor said:Wrong. The best management in the world can't get hedges if they don't have the credit rating or available cash. None of the airlines have a favorable credit rating right now except for Jetblue and WN, and few have the cash to pre-pay futures contracts.
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USA320Pilot said:Here are the real problems:
1. Oil at $53 per barrel.
2. Cost increases for security post September 11.
3. Revenue depression due to tremendous LCC growth and Internet booking.
4. Labor costs that are higher than every carrier except two other companies.
5. Labor resistance to change, which contributed to the judicial reorganization. The formal reorganization caused the loss of over $100 million in revenue due to passengers booking away and approximately $50 million in bankruptcy legal and consultant fees.
Which one of these problems did this management team create?
Regards,
USA320Pilot
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robbedagain said:i wonder if the unions will try to do what ual's unions did and put forth a motion to try to throw out the mgmt and get a court appointed trustee. i think it is time for all of the unions to send out a confidence/no confidence vote to all employees and see how that turns out! i bet that no confidence would be the big big winner
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usfliboi said:You guys amaze me.... The judge isnt interested in what we did in the past. Isnt it enough were back in BK and something wasnt done right?????????/ He has an obligation to protect this companys assets......... If it means he has to agree to cut pay he will.....
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usfliboi said:Investigate whats going on in the industry, then youll have a well balanced informed opinion....
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