DeltaPaySoon

I agree on the importance of Delta being DIP but it really doesn't have much to do with liquidity of 9E. That was never going to happen. It's much deeper than that.

MunkyButtr

You really gonna leave us hangin like that?

FlyJSH

I'm guessing what vtx is saying is akin to what I am feeling: this whole thing has me frustrated, confused, and nervous with some big questions to answer.

The lifers will stay: too much invested to leave. The newish guys won't take too much of a seniority hit going to another regional. Those two groups pretty much have the decision made for them by forces beyond their control. The furloughees have no decision, they gotta go somewhere else.

We in the middle have some tough decisions to make. Do we try to ride it out? After all, we will still have a job, but how good? Do we quit and throw away what seniority we have?

Having the company go Ch. 7 would render these questions moot, and we would know which path to take. That's why some of us say burn it down.

But you are right, it is mostly just blowing off steam, just like saying "I could kill my ex-wife."

GLA

DeltaPaySoon

MB,

Oh, there's no secret involved. Delta is making the same play that NWA did to Mesaba in '05. Withhold payments that would exacerbate a bankruptcy filing in front of mainline agreements.

It's a win-win, again, for them. Dangle attractive terms for 50% +1 of the mainline guys and kick the JCBA of the regional back to the stone age before adding more capacity / seats with further scope relaxation.

You guys notice the extension on the submission of the 1113 filing yesterday?

As soon Delta was named DIP, any thought of this airline liquidating should have been out of mind. Does anybody really believe that any airline executive is going to negotiate terms at a loss as Trenary did in regard to Colgan's flying without a purpose? Most of the costing is fixed. Regardless of the fluidity of the non-fixed cost items, regional budgets are extraordinarily easy. (I have an MBA. I've done them countless times.......just without the inside info for 100% accuracy.)

These decisions are orchestrated a couple years in advance yet only seem to be "new" to most that don't follow closely. (Not to put anyone down but the 10k filings, understanding the non-GAAP accounting costing, investments with corporate bonds, etc. is not everyone's cup of tea....and understandably so.)

B00sted

University of Phoenix?

DeltaPaySoon

Negative.........

I have A MBA?!? Better? Damn keyboards.....

Joachim

I think you were right the first time...

On another note, and forgive me if this has been beaten to death before, how are the Colgan folks doing?

9easy

FlyJSH is correct.. The top 20% will mostly stick around til the doors shut, the bottom 20% are being furloughed, so they don't have a choice. The other 60% of junior CA's and senior FO's are stuck for now... As the old saying goes, "Men are only as faithful as their options", and nobody is hiring this year in meaningful numbers and without a good hookup. The only choice is to stick around and suck it up.

xjsaab

Lol (note my sarcasm) won the lottery. Thank god the left seats are fenced. Should have fenced the right seat as well. They're entire airline will be gone, but guys hired 5 years after me are senior to me. They will be A okay.

MunkyButtr

Thanks, remember, seat belt flat and tight around the waist...