sleeves

Really? What kind of retribution am I looking at? From the attitudes most have on here I think being an excon guy alone is gonna get me something. Will I bust my next sim? Gonna crap in my hat? I am really not gonna be threatened into wearing a pin.

SOTeric

Such a brave little guy.

Just up the lawsuit contributions...give early and often! And we're the rocket scientist? Riiiight.

CousinEddie

Well, Mitch, the reality we live in is understanding that the industry changed dramatically and permanently with the Delta / NW merger. We can go back and forth all day on everything else. You seem to believe that CAL was going to do just fine growing and competing in New York and elsewhere against a vastly superior, well managed competitor. Yet, this is the kind of financial reporting that was coming from CAL while UAL and US were putting their own deal together:


2009 10K filed Feb 2010.

We have backstop financing available for the three other Boeing 737 aircraft scheduled for delivery in 2010, subject to customary closing conditions. However, we do not have backstop financing or any other financing currently in place for the balance of the Boeing aircraft on order. Further financing will be needed to satisfy our capital commitments for our firm order aircraft and other related capital expenditures. We can provide no assurance that the backstop financing or any other financing not already in place for our aircraft deliveries will be available to us when needed on acceptable terms or at all. Since the commitments for firm order aircraft are non-cancelable, and assuming no breach of the agreement by Boeing, if we are unable to obtain financing and cannot otherwise satisfy our commitment to purchase these aircraft, the manufacturer could exercise its rights and remedies under applicable law, such as seeking to terminate the contract for a material breach, selling the aircraft to one or more other parties and suing us for damages to recover any resulting losses incurred by the manufacturer.

http://www.sec.gov/Archives/edgar/data/319687/000031968710000011/f123109form10k.htm#riskfactorsterroristattack




2010 10Q 1stQuarter earnings call

Operator

Our last question from the analyst comes from Bill Mastoris with Broadpoint, please go ahead.

Bill Mastoris - Broadpoint
Thank you. Gerry, I wonder if you could give us a status report on the aircraft deliveries into the EETCs. And maybe if you could just comment on how many remaining aircraft are yet to be placed into those transactions. And I'm specifically referring to really the second half of last year 2009-1 and 2009-2.

Gerry Laderman
Bill, you are breaking up a little bit, this is Jerry. But I think you are asking about the 2009-2 EETC and the aircraft to go into that. There are some vintage aircraft that roll off an existing EETC in May that we expect to go into that EETC as the prospective outlines. And then with respect to new aircraft, the two 777s and nine 737s that were earmarked to that transaction, we expected this time to take delivery of those aircraft by the end of August, in which case they would go into that EETC.

Bill Mastoris - Broadpoint
Okay, and Gerry, if you could comment briefly on the aircraft deliveries, for 2011. Maybe the financing for those, is that all non-back stop financing from other third parties which have been lined up or is that back stop financing?

Gerry Laderman
We have no back stop financing for those aircrafts.

Bill Mastoris - Broadpoint
For any deliveries, in 2011?

Gerry Laderman
For any remaining deliveries at all.


Continental Airlines Q1 2010 Earnings Call Transcript - Seeking Alpha


When the banks see a high risk business plan, they look for a better plan with substantially less risk. Why wouldn't they, especially in this industry? The merger was that plan. No wonder Smisek and the Board had to act swiftly when they realized that a UAL / US deal was near. Would you have preferred being left for a merger with AA instead? How would that have gone for you? Carving up New York, the problem with two large, nearby hubs in Texas, and dealing with APA. You think you have a bad deal now....

I'm sure you and many of the 05-08 hires will spend all your days here continuing to believe that ALPA, L-UAL pilots, the banks and every other conspirator "took" your career away. Never admitting or understanding that in reality, you can't lose what you weren't going to have to begin with.

SpecialTracking

If by some unfortunate chance you do bust your next sim, you just might crap your hat. While you aren't wearing your alpa pin, your next move could be calling the alpa training committee.

Please don't wear the pin. Enjoy the respect it commands amongst your peers.

hopeSales

No Syd, I look at what the UAL group lost post 9/11 and it amazes me how you as an individual can't see past what you lost compared to the loses of other pilots in the group. if you are a 777 Captain, you're like all 777/400 Captains who lost some but no where near what the bottom 2-3,000 pilots and many in the middle of the list lost. Was it the pilots fault for not being able to foresee the events and plan accordingly, NO! Was it the poor ALPA leadership? probable when you look at the cast of characters with their hands in the pot(Whiteford, Bathhurst, Wallach, Morris, Heppner). Did management play a role. Most definitely, the airline industry had been shut down for a few weeks when Jim Goodwin got on national TV and stated that if United keep losing money at this rate - we'd be in bankruptcy next year. Didn't take the money people long to realize what could happen if the events carried on any longer and we got "good ol Glenn" to maximum their return while selling off assets and destroying lives. I know that's a lot of BS to you but can you really be that selfish to expect a premium contract given what the MEC was working with. Jeff and the CAL MEC working together against our UAL MEC to ensure the CAL way of live would continue at the expense of the UAL pilots. What was that way of life? Jeff wanting to keep cal work rules, cal MEC trying to stealing Captain seat, seniority, PS, delaying JCBA and the list goes on.

All of that was to say this - in the 4 years leading up to 9/11, I made between 200,000 to 225,000 a year. Afterwards I saw a constant erosion of pay through surpluses, bump, equipment base closures, parked airplanes. Do I feel entitled - NO! - and neither should you. The bottom of the list was hit the hardest, with the middle of the list not far behind. To get any contract that stop the blood bath going on at those senority levels was well worth it. Even though SYD wasn't made whole, you and I have time to make it up and if we don't have time to do that then we can feel good that we did the right thing. Carry On!

syd111

Let's try this again. When I recently asked you a question it was directed at a quote you made in regards to who voted on the contract. I didn't **** and moan about the contract. I asked where you got those numbers and of course you didn't have them so you started your rant.

Now you go on about what YOU made and lost and what YOU should or should not have thats great. We all know who and what you are concerned with. Next time we all know where you will be in the corner with your tail between your legs. I think someone else asked if you have ever had to walk a line, oh yes you never answered that question either.

hopeSales

You sound a lot like some of the CAL guys on this forum. Trying to deflect heat by putting it on somebody else. All the questions ask of me, have been answered. READ! As far as me mentioning my pay - I just wanted you to see how stupid it is for you to keep harping at the guys for voting in the current UPA. If you are a LUAL 777 CAPT, you made about the same as I did. What exactly are you trying to hide with the constant bashing of the UPA and the people that voted it in and the constant crying about the money you lost. sad!
As far as the vote count of any contract we've been allowed to vote on - the vote count has not been released - as a west Coast 777 CAPT you should know that. Which kinda make me wonder to what extent if any you are involved in ALPA except to complain.

syd111

Wow, just not worth the effort anymore until you actually read a post. Best of luck the rest of the way in high school. When you apply please find another airline.

hopeSales

Thanks - you're Dismissed!

P.S. Before I go - will I find your name in the Yellow Book?

syd111

Now thats funny. By the way run it by us again, when were you hired, what equipment are you on and what equipment were you on in 2000-2001?