Company Financials
#21
Line Holder
Joined APC: Dec 2021
Posts: 62
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So many rumors revolving this one, one would think they would let him see the the Dreamliner get delivered then announce his “departure” yadda yadda yadda. Time for someone with a vision and the ability to rally the troops. He’s completely lost the employees, which was once the greatest asset here.
Who knows maybe this 2023 survey will be telling 😂
Who knows maybe this 2023 survey will be telling 😂
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#22
Gets Weekends Off
Joined APC: Nov 2015
Posts: 336
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- Whipsawed line service and the rampers into one group and restarted them on year 1 pay. Half of them quit and now we can’t get out on time because the planes are never loaded, serviced, lr lack a crew to push
- Never seen on the front lines or interacting with the employees
- COVID
- Lacks charisma
- No vision, jumps over dollars to save pennies
#23
Gets Weekends Off
Joined APC: Jun 2009
Posts: 268
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- Out of touch
- Whipsawed line service and the rampers into one group and restarted them on year 1 pay. Half of them quit and now we can’t get out on time because the planes are never loaded, serviced, lr lack a crew to push
- Never seen on the front lines or interacting with the employees
- COVID
- Lacks charisma
- No vision, jumps over dollars to save pennies
- Whipsawed line service and the rampers into one group and restarted them on year 1 pay. Half of them quit and now we can’t get out on time because the planes are never loaded, serviced, lr lack a crew to push
- Never seen on the front lines or interacting with the employees
- COVID
- Lacks charisma
- No vision, jumps over dollars to save pennies
#25
#26
Gets Weekends Off
Joined APC: Sep 2015
Posts: 280
#28
Gets Weekends Off
Joined APC: Nov 2015
Posts: 336
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On the call today Ingram said that they are renewing/extending the 330 leases (4) that were originally up next year to cover the 321 engine issues and continue to focus on Japan as load factors are almost near pre-COVID levels sitting at 90%. Sounds like the company won’t be affected too bad as they have P&W Loaners in their possession that they aren’t giving back and a good amount of the 321NEOs have already undergone the repairs/checks that are required by the recall over the last several months. He said we’ve already seen the worst of it and shouldn’t have more than 4 down (our current number) at a time and it should decrease through the second half of 2024.
#29
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On the call today Ingram said that they are renewing/extending the 330 leases (4) that were originally up next year to cover the 321 engine issues and continue to focus on Japan as load factors are almost near pre-COVID levels sitting at 90%. Sounds like the company won’t be affected too bad as they have P&W Loaners in their possession that they aren’t giving back and a good amount of the 321NEOs have already undergone the repairs/checks that are required by the recall over the last several months. He said we’ve already seen the worst of it and shouldn’t have more than 4 down (our current number) at a time and it should decrease through the second half of 2024.
Seems like we’ll still be profitable in the next few quarters. 8-10 years of cash at similar losses and outstanding debt based on basic math calculations and cash available. That’s Without American Airlines type debt restructuring.
Last edited by PineappleXpres; 09-21-2023 at 08:50 AM.
#30
Line Holder
Joined APC: Dec 2020
Posts: 72
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Don’t kill the messenger.
https://www.travelweekly.com/Travel-News/Airline-News/Airbus-A320neo-engine-issue-more-extensive-than-first-reported
the original number in the first article read that nine aircraft would be down. That’s 50% of your current fleet according to Wiki. At present, you’re down 4/18.
I did add the qualifier “unless they find a solution” too. Refusing to return loaner engines is definitely a solution.
Finally, your CEO is going to tell everyone the company will be (or is) profitable until the day they declare bankruptcy. I’ve seen it and been in it.
Personally, literally a week before our CEO said “we haven’t discussed bankruptcy”, next week front page news.
Apparently from previous post, there is little love loss for your CEO and almost no trust, but that’s industry standard.
Sorry, I didn’t mean to step on toes, I just read article that seem to show major issues with A321 Neos around the world. And the problems continue for P&W.
https://www.travelweekly.com/Travel-News/Airline-News/Airbus-A320neo-engine-issue-more-extensive-than-first-reported
the original number in the first article read that nine aircraft would be down. That’s 50% of your current fleet according to Wiki. At present, you’re down 4/18.
I did add the qualifier “unless they find a solution” too. Refusing to return loaner engines is definitely a solution.
Finally, your CEO is going to tell everyone the company will be (or is) profitable until the day they declare bankruptcy. I’ve seen it and been in it.
Personally, literally a week before our CEO said “we haven’t discussed bankruptcy”, next week front page news.
Apparently from previous post, there is little love loss for your CEO and almost no trust, but that’s industry standard.
Sorry, I didn’t mean to step on toes, I just read article that seem to show major issues with A321 Neos around the world. And the problems continue for P&W.
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