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Old 09-02-2020, 01:15 PM
  #71  
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Originally Posted by acecrackshot
Well, I've had a similar thought...

One of three things will happen to NK...we continue as an going concern, we are merged or we fail.

If we continue as a going concern, well, all to the good.

If we are merged, then all of us being on the property strengthens our merger seniority list integration, vis a vis a carrier with furloughed pilots.

If we fail, its all academic.
well maybe they will tell us in the townhall tomorrow if we are going to merge or go bust. Bust seriously does anyone know what tomorrow’s townhall is about and who this important guest speaker? More importantly, should we be wearing our black and yellow while listening in?
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Old 09-02-2020, 02:15 PM
  #72  
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Originally Posted by Halon1211
well maybe they will tell us in the townhall tomorrow if we are going to merge or go bust. Bust seriously does anyone know what tomorrow’s townhall is about and who this important guest speaker? More importantly, should we be wearing our black and yellow while listening in?
That’s what makes me laugh; people who think these town halls will have info like pending mergers and cash burn. The company can’t legally release this info on these calls, yet people think if they ask enough about current cash burn, Ted will give it up. Ever wonder why our stated cash burn is the same as it was during the Q2 earnings call, because they can’t update it to us.
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Old 09-02-2020, 04:31 PM
  #73  
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Originally Posted by Ed Force One
I also saw the one time payment of $1,200 as more of an appeasement, or a "thanks for your help" than a concession.

As for pushing back the bidding timeline, I have no problem with this. In fact, I'm one off the few that dislikes bidding so early in the month. Often I have no idea of next months plans so early and end up bidding blind and then having to plan next month around work.
Well I can tell you it wasn’t a good will payment. Have you ever know them to just give us money as a thank you. It was negotiated for a contract violation.

like it or not the bidding timeline was negotiated for in our contract. Remember we used to get our schedules later before PBS.

Its all good though, the result today is something we all agree was a good thing so potato potato.
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Old 09-03-2020, 02:16 PM
  #74  
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Well the town hall was uplifting for the first time in a while. T seemed to readily state that the company wasn’t expecting to make further reductions of workforce, besides the ones that have already been announced (HQ), or mitigated. Of course they’re still in “losing money/survival mode”, but sure was a lot more talk about coming out of COVID ready to throw some punches.God knows we have the cost structure and liquidity to do so. Fingers crossed for a better 2021
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Old 09-03-2020, 02:45 PM
  #75  
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Originally Posted by week
Well the town hall was uplifting for the first time in a while. T seemed to readily state that the company wasn’t expecting to make further reductions of workforce, besides the ones that have already been announced (HQ), or mitigated. Of course they’re still in “losing money/survival mode”, but sure was a lot more talk about coming out of COVID ready to throw some punches.God knows we have the cost structure and liquidity to do so. Fingers crossed for a better 2021
Who would have guessed the $9 Fare Club would get them $850mil in bonds?!

Its interesting because previously they mentioned possibly having to use that (loyalty program) as leverage to help secure the government asset back loan of around $750mil...So I wonder if they no longer need the loyalty program to qualify for the full nut and then used the loyalty program to secure more funds..smart move.
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Old 09-03-2020, 03:14 PM
  #76  
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Originally Posted by week
Well the town hall was uplifting for the first time in a while. T seemed to readily state that the company wasn’t expecting to make further reductions of workforce, besides the ones that have already been announced (HQ), or mitigated. Of course they’re still in “losing money/survival mode”, but sure was a lot more talk about coming out of COVID ready to throw some punches.God knows we have the cost structure and liquidity to do so. Fingers crossed for a better 2021

I didn’t listen but how much money are we still losing?


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Old 09-03-2020, 04:06 PM
  #77  
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Originally Posted by flyingpuma1
I didn’t listen but how much money are we still losing?


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“3 mil a day”

But anyone who thinks they are getting accurate numbers on that.....

The calls are so bad when they are company wide. No questions of substance make their way through, instead it’s “Ted you’re the best CEO,”
“When will we serve Hawaii”
“When will we serve Canada”

Company is dealing with the pandemic and raising capital to survive and people are asking about service to Hawaii.
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Old 09-03-2020, 04:20 PM
  #78  
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Originally Posted by CincoDeMayo
“3 mil a day”

But anyone who thinks they are getting accurate numbers on that.....

The calls are so bad when they are company wide. No questions of substance make their way through, instead it’s “Ted you’re the best CEO,”
“When will we serve Hawaii”
“When will we serve Canada”

Company is dealing with the pandemic and raising capital to survive and people are asking about service to Hawaii.
Did they happen to mention starting service to China soon? I hear it’s lovely this time of year.
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Old 09-03-2020, 04:29 PM
  #79  
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Originally Posted by Halon1211
Did they happen to mention starting service to China soon? I hear it’s lovely this time of year.
With the amount of dumb questions coming through...Im surprised nobody asked.

Thankfully your question about "Ted, will you be on Undercover Boss" didnt make it
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Old 09-03-2020, 06:44 PM
  #80  
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Originally Posted by CincoDeMayo
With the amount of dumb questions coming through...

Thankfully your question about "Ted, will you be on Undercover Boss" didnt make it

Um, it did.
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