Delta's involvement in American?
#23
Gets Weekends Off
Joined APC: Nov 2011
Position: One with wings
Posts: 332
Why wouldn't we take the Pilots? Of course we'll take them, but sense they are coming from a BK company about to go under....we'll give'em the same deal THEY gave to TWA
Last edited by Erdude32; 08-15-2012 at 03:58 PM. Reason: spelling
#24
So AA, a company with 6 BILLION in the bank, and making money with no employee contractual changes (yet) is "about to go under"?
Go back to your own board.
#25
AMR has almost as much cash as Delta and I haven't seen an update on debt but one must assume it has been reduced considerably! How is AMR going under again, leading the industry in revenue gains and profitable over the last few month? Yea, I know they control the numbers and this bankruptcy is a sham, but AMR is not anywhere near close to go under.
#26
Enterprise,
All true today or is it? AMR now cooking the books for a strong balance sheet for a possible purchase in the near future? What will the numbers look like when labor wants to "burn the FAAker down" after the 1113 is passed? You nor anybody else on the outside knows the real financial health of ARM.
Did that last post strike a nerve about a staple job? Maybe he should have address the AA pilots as Kmart rejects! Karma, just saying.
All true today or is it? AMR now cooking the books for a strong balance sheet for a possible purchase in the near future? What will the numbers look like when labor wants to "burn the FAAker down" after the 1113 is passed? You nor anybody else on the outside knows the real financial health of ARM.
Did that last post strike a nerve about a staple job? Maybe he should have address the AA pilots as Kmart rejects! Karma, just saying.
#27
- Jet Blue (5.16m passengers, 21.83% of the market)
- Delta (4.99m/21.12%)
- American (3.89m/16.47%)
- American Eagle (893.13k/3.78%)
Delta (not including their connection flying) is the second largest player in LGA/JFK (by a fraction of a percentage point), and, with the recent US Airways DCA/LGA slot swap, has consolidated their position in LGA. Delta has the most valuable slot portfolio of US carriers, and second only to BA in the world (most/all those Delta Connection RJ's are slot holders for Delta in JFK, LGA, and DCA), and then there's the slots in HND and NRT, plus all the atlantic Pan Am legacy route authorities.
UniCal carried more international passengers than any other US airline, controls over 60% the passengers in EWR, and is one of 3 major players in the trans-atlantic LHR market - slots so valuable that AA aquired TWA to get them.
AA is the only airlines that hubs out of the top 4 most populous metro areas in the US and has all their hubs in the top 10 metro areas (NYC, LA, Chicago and Dallas - Miami is #8), is the #4 domestic airline and the #2 international airline in the US (by passenger emplanements) and is the sole US airline to hub out of the US's busiest airport by international passenger #'s . . . MIA (yes, MIA).
You can be assured, JetBlue will not be the only dance partner with AA who would have to give up assets. AA is a great airline all on its own - it doesn't need to merge with anyone.
#28
Not taking sides here, but having a lot of cash in the bank when one is bankrupt is not necessarily a good thing. Enter one Carl Ichan type raider, and he could structure the deal to buy you with your own cash. You'd better hope that Horton's stand alone plan works, or that a benevolent partner emerges. (Parker?) A hostile takeover does not bode well for hourly wage earners.
#30
Gets Weekends Off
Joined APC: Aug 2005
Position: Airbus
Posts: 634
AMR has almost as much cash as Delta and I haven't seen an update on debt but one must assume it has been reduced considerably! How is AMR going under again, leading the industry in revenue gains and profitable over the last few month? Yea, I know they control the numbers and this bankruptcy is a sham, but AMR is not anywhere near close to go under.
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