Any "Latest & Greatest" about Delta?
You can listen to all the JP Morgan presentations.
USAirways is going right now.
Highlight --
Scott Kirby was asked about consolidation and possible merger with AMR, etc. and what lessons he learned from the attempt to buy Delta. He answered that he learned that labor was more important than he thought. He needed labor allies to make the buyout work and just having the best financial outlook for the creditors was not enough.
Can't believe he said that, but he did.
USAirways is going right now.
Highlight --
Scott Kirby was asked about consolidation and possible merger with AMR, etc. and what lessons he learned from the attempt to buy Delta. He answered that he learned that labor was more important than he thought. He needed labor allies to make the buyout work and just having the best financial outlook for the creditors was not enough.
Can't believe he said that, but he did.
I don't believe their scope is sustainable. they just announced they are not gonna make money in Q1. They are not gonna grow organically anymore. There is no more low hanging fruit for them to pick. Something will have to give because the shareholders will throw management to the curb if they do not make money. That scope clause is gonna be a noose around their necks in the not too distant future, or they are gonna have to pay dearly to keep it.
Carl
This entire thesis is based on a wrong premise t. It presumes that outsourcing equals more profits. That's simply not true. Delta wastes money doing what they're doing with the regionals. The aircraft have higher CASM's than anything we have at mainline, but management does it anyway. Some say it's because they want the ability to whipsaw us so bad, they're willing to lose money to do it. I don't know if that's true, but it doesn't matter. SWA doesn't outsource because it's not profitable to do so. That's why their scope won't change.
Carl
Carl
I thought it was against the TOS to post porn.
You can listen to all the JP Morgan presentations.
USAirways is going right now.
Highlight --
Scott Kirby was asked about consolidation and possible merger with AMR, etc. and what lessons he learned from the attempt to buy Delta. He answered that he learned that labor was more important than he thought. He needed labor allies to make the buyout work and just having the best financial outlook for the creditors was not enough.
Can't believe he said that, but he did.
USAirways is going right now.
Highlight --
Scott Kirby was asked about consolidation and possible merger with AMR, etc. and what lessons he learned from the attempt to buy Delta. He answered that he learned that labor was more important than he thought. He needed labor allies to make the buyout work and just having the best financial outlook for the creditors was not enough.
Can't believe he said that, but he did.
J.P. Morgan Aviation, Transportation, & Defense Conference Webcast
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United/Continental presents at 11:10 Eastern
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United/Continental presents at 11:10 Eastern
It just ended lol.
OK got United up now.
I agree that what is going on at DAL sucks wrt outsourcing. I also agree with a certain gold bug poster on the ALPA board that says this isn't worth the negotiating capital. The elephant in the room is international scope.. NOT RJs. International scope is the issue.. NOT domestic.
WRT SWAPA's international scope, it allows for code share and JV's...just like ours. SWAPA's scope would be no worse than what we have now for international operations. But it would be a huge win for our domestic operations...both for customer service and DALPA seniority list growth.
Carl
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