Any "Latest & Greatest" about Delta?
01-19-2010, 07:07 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Agreed. I think after nine years in the trenches fighting for every inch of the hill, airline pilots have just succumbed to the "kill or be killed" philosophy knowing full well that if the generals make a wrong strategic move we could be wiped out in the next battle. Thankfully, our current team of generals at DAL are acting like they want to win the war not just a battle. Hopefully they are grooming some like minded succession so this continues.
01-19-2010, 07:32 AM
Gets Weekends Off
Joined APC: Mar 2008
Posts: 3,899
01-19-2010, 07:33 AM
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
Agreed. I think after nine years in the trenches fighting for every inch of the hill, airline pilots have just succumbed to the "kill or be killed" philosophy knowing full well that if the generals make a wrong strategic move we could be wiped out in the next battle. Thankfully, our current team of generals at DAL are acting like they want to win the war not just a battle. Hopefully they are grooming some like minded succession so this continues.
We are dependent on management to be successful as leaders.
But there is also danger in that analogy.
NEVER FORGET:
Military generals care for the welfare of their troops.
Management generals see their troops as a liability. A "cost".
Nothing wrong with that. That's business. We just have to always be aware of it. Sometimes I think we forget.
This is Delta Air Lines, Inc. , not the Delta Air Force.
01-19-2010, 07:50 AM
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Joined APC: Feb 2009
Position: 320B
Posts: 781
Factbox: JAL restructuring plan under state-backed fund
TOKYO
Tue Jan 19, 2010 5:05am EST
TOKYO (Reuters) - Japan Airlines Corp has filed for bankruptcy and will be restructured with the help of a state-backed turnaround fund, the Enterprise Turnaround Initiative Corp of Japan (ETIC).
Following are the key figures and measures in the fund's revival plan. This includes information from the ETIC's statement and a document provided by the government.
FINANCIAL AND OPERATIONAL POSITION
The ETIC said JAL companies are carrying about 780 billion yen ($8.6 billion) of interest-bearing debt, excessive relative to its earnings capacity. It said the carrier is operating too many routes and aircraft, and that management has been unable to take decisive action, resulting in excessive fixed costs.
FINANCIAL AID
The ETIC said it and the state-owned Development Bank of Japan would provide JAL with 600 billion yen in debtor-in-possession financing to ensure it can maintain operations. Following its decision to acquire JAL debt, it would inject 300 billion yen of capital into JAL.
The ETIC said JAL companies are expected to receive 730 billion yen worth of debt forgiveness.
JOB, ROUTE CUTS
JAL will cut its group workforce to 36,201 by fiscal year 2012 from 51,862 in fiscal year 2009.
The carrier will reduce the number of domestic routes to 119 from 136 and the number of international routes to 79 from 93.
FLEET STRATEGY
JAL will retire aging and less fuel-efficient aircraft and introduce smaller and more advanced planes.
It said it would retire all 37 of its Boeing 747-400 planes and all 16 of its McDonnell Douglas MD-90 aircraft. At the same time JAL will introduce 50 small and regional jets.
SHAREHOLDERS
The ETIC said it intends to implement measures to hold shareholders accountable, including a 100 percent reduction of capital. It said the final decision on that matter, however, would be made in a forthcoming revival plan.
The Tokyo Stock Exchange said it would delist JAL's shares on February 20.
PROFIT, SALES TARGETS
JAL's sales are expected to come to 1.36 trillion yen in the year to March 2013, a drop of 30 percent against the 1.95 trillion yen booked in the year ended March 2009.
Its operating profit is expected to recover to 115.7 billion yen in the year to March 2013 from an expected loss of 265 billion yen in the current business year to March 2010.
TOKYO
Tue Jan 19, 2010 5:05am EST
TOKYO (Reuters) - Japan Airlines Corp has filed for bankruptcy and will be restructured with the help of a state-backed turnaround fund, the Enterprise Turnaround Initiative Corp of Japan (ETIC).
Following are the key figures and measures in the fund's revival plan. This includes information from the ETIC's statement and a document provided by the government.
FINANCIAL AND OPERATIONAL POSITION
The ETIC said JAL companies are carrying about 780 billion yen ($8.6 billion) of interest-bearing debt, excessive relative to its earnings capacity. It said the carrier is operating too many routes and aircraft, and that management has been unable to take decisive action, resulting in excessive fixed costs.
FINANCIAL AID
The ETIC said it and the state-owned Development Bank of Japan would provide JAL with 600 billion yen in debtor-in-possession financing to ensure it can maintain operations. Following its decision to acquire JAL debt, it would inject 300 billion yen of capital into JAL.
The ETIC said JAL companies are expected to receive 730 billion yen worth of debt forgiveness.
JOB, ROUTE CUTS
JAL will cut its group workforce to 36,201 by fiscal year 2012 from 51,862 in fiscal year 2009.
The carrier will reduce the number of domestic routes to 119 from 136 and the number of international routes to 79 from 93.
FLEET STRATEGY
JAL will retire aging and less fuel-efficient aircraft and introduce smaller and more advanced planes.
It said it would retire all 37 of its Boeing 747-400 planes and all 16 of its McDonnell Douglas MD-90 aircraft. At the same time JAL will introduce 50 small and regional jets.
SHAREHOLDERS
The ETIC said it intends to implement measures to hold shareholders accountable, including a 100 percent reduction of capital. It said the final decision on that matter, however, would be made in a forthcoming revival plan.
The Tokyo Stock Exchange said it would delist JAL's shares on February 20.
PROFIT, SALES TARGETS
JAL's sales are expected to come to 1.36 trillion yen in the year to March 2013, a drop of 30 percent against the 1.95 trillion yen booked in the year ended March 2009.
Its operating profit is expected to recover to 115.7 billion yen in the year to March 2013 from an expected loss of 265 billion yen in the current business year to March 2010.
01-19-2010, 07:52 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
Your war analogy is understandable and accurate.
We are dependent on management to be successful as leaders.
But there is also danger in that analogy.
NEVER FORGET:
Military generals care for the welfare of their troops.
Management generals see their troops as a liability. A "cost".
Nothing wrong with that. That's business. We just have to always be aware of it. Sometimes I think we forget.
This is Delta Air Lines, Inc. , not the Delta Air Force.
We are dependent on management to be successful as leaders.
But there is also danger in that analogy.
NEVER FORGET:
Military generals care for the welfare of their troops.
Management generals see their troops as a liability. A "cost".
Nothing wrong with that. That's business. We just have to always be aware of it. Sometimes I think we forget.
This is Delta Air Lines, Inc. , not the Delta Air Force.
I think everyone agrees 100%. Our job is to get paid what we are worth, the job of a manager is to get us to as close to free as possible. Somewhere in the middle is where we live...
01-19-2010, 07:54 AM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
What a surprise.....
The lease back jets that we bought to lease to JAL are forfeited, and therefore become ours. Bodes well for DFW.
Wonder if we will give them some RJ's.
I wonder what routes they will abandon?.....
The lease back jets that we bought to lease to JAL are forfeited, and therefore become ours. Bodes well for DFW.
Wonder if we will give them some RJ's.
I wonder what routes they will abandon?.....
01-19-2010, 07:55 AM
Gets Weekends Off
Joined APC: Jun 2008
Position: LAX 350 A
Posts: 564
1) Get them out of diapers
2) Get them out of car seats (what a pain those things were)
3) Get them out of the house so daddy can play with mommy
Ah, with the age 65 rule you guys get to fly with my crusty butt for years to come. In all reality though, enjoy your kids as they grow up way fast.
BD
01-19-2010, 07:56 AM
Gets Weekends Off
Joined APC: Apr 2007
Position: Flying the SEC
Posts: 2,350
Glory Glory Man United! Only two football teams in this world, Alabama and Manchester United.
I guess I get off easy... I do have to watch football (soccer) by myself though, but you "Americans" wouldn't know anything about that would you???
01-19-2010, 07:58 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
01-19-2010, 07:59 AM
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Joined APC: Apr 2008
Position: LAX ERA
Posts: 3,457
Don't know.........we all may be sitting in the tree bar on Guam sometime soon.
But, reading this made me wonder............Jal is in the other terminal in NRT. NRT is a HUDGE airport, moving people back and forth with our new partners will be a new logistical puzzle. A terminal swap with UAUA?
The devil is in the details. And the next detail is another cup of coffee
Ferd
But, reading this made me wonder............Jal is in the other terminal in NRT. NRT is a HUDGE airport, moving people back and forth with our new partners will be a new logistical puzzle. A terminal swap with UAUA?
The devil is in the details. And the next detail is another cup of coffee
Ferd
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