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lol...my uncle works for Delta, and just gave us a rah-rah speech about how well they are doing.
Posts: 15082 | Registered: Jul 2001
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Air Canada was in bankruptcy protection for a while, but it's now quite profitable. There's less competition in our market than yours, though, because of mergers and buyouts and whatnot, and of course as the country's flagship carrier Air Canada will probably always have a fairly commanding presence.
Posts: 10886 | Registered: Feb 2000
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This kind of news makes me very anxious... most of my children (okay, they're all legally adults but still) are living on the mainland. If I they need me (as my daughter surely will when she gives birth next spring) I worry that I won't be able to get over there... Posts: 2069 | Registered: May 2001
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Great. This probably means that my dad is going to lose half a month to a month's worth of pay. (He delivers lost luggage for both airlines.)
Posts: 1658 | Registered: Sep 2003
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I've long wondered why *anyone* flies Northwest anymore. They've made, IMO, the dumbest business decisions. Instead of trying to attract clients with things that people might actually want, they've cut those things out. They sardine people in their seats, have no pillows, no blankets, no music, no movies. I'm surprised they still have beverage service. While I was commuting to the east coast last year, I *wanted* to fly them because the air miles went to my Alaska Air account. Instead, they were often far more expensive than Continental (who also give AK Air miles) so I switched. Continental had pillows and if I recall correctly, movies and music as well. But I there weren't enough flights, and they were more expensive than United, so I switched again. And while the miles didn't do me any good, they were the best of the three carriers.
I have long wondered why people keep flying them.
Posts: 5948 | Registered: Jun 2001
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quote:Originally posted by Rappin' Ronnie Reagan: Great. This probably means that my dad is going to lose half a month to a month's worth of pay. (He delivers lost luggage for both airlines.)
I'd think he'd be in for overtime then -- they'll cut their workforce as an emergency immediate measure to pacify financial analysts and/or stockholders, and more luggage than ever will probably get lost.
Posts: 6213 | Registered: May 2001
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I'm just surprised it took so long, especially in the case of Delta. I'm also surprised that more airlines haven't gone under, fuel prices have been going up so much.
Posts: 2454 | Registered: Jan 2003
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I am in Valdosta, Georgia and the only airline that comes to the airport is Delta. I am flying out in a month and then again at Thanksgiving and Christmas. I hope I can make it home. I do not want to drive all of the way back to Indiana.
Posts: 1015 | Registered: Aug 2004
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I just received an e-mail from Delta airlines saying that they are going to continue to operate a full flight schedule while working through their bankruptcy.
If this is the case, then the bankruptcy laws are working, IMHO. The whole idea is to give people or companies a chance to survive by working with creditors, employees, etc.
There's at least some hope, anyway.
Posts: 22497 | Registered: Sep 2000
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This year. If it keeps up they'll actually be one of the most profitable airlines in the industry next year.
Posts: 10886 | Registered: Feb 2000
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Allegra, you're about two hours away from Jacksonville, FL, right? If it becomes necessary, you could fly out of there (that is, if Delta doesn't continue service for some reason).
Posts: 4077 | Registered: Jun 2003
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USAirways filed for bankruptcy twice in the last 4 years, and while they never have gotten themselves on the right track, they continued to operate through those times. Now they have sold themselves off in a "merger", but that is a different story.
Point is, I wouldn't worry about your tickets being void due to non-existance for a while yet.
quote:If this is the case, then the bankruptcy laws are working, IMHO. The whole idea is to give people or companies a chance to survive by working with creditors, employees, etc.
Before USAirways filed for bankruptcy (I think it was last year), I used to think that someone eventually paid all the people a company owed money to, but I found out it doesn't work that way. My dad was only paid 10% of what USAirways owed us, and we're never getting the other 90%, which caused us to almost go into debt. It just doesn't seem right.
quote:I'd think he'd be in for overtime then -- they'll cut their workforce as an emergency immediate measure to pacify financial analysts and/or stockholders, and more luggage than ever will probably get lost.
I hope not. He already works an incredible amount, and hardly anyone wants to work for him when whether they'll be paid is so up in the air.
Posts: 1658 | Registered: Sep 2003
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Over the last century, the rate of return on investment in airline companies has been about 1 or 2 percent, at BEST.
Over all, you're better off with it in a savings account, and if you count out the top 2%, you'd be better off stuffing the money into a mattress.
It's a high-cost solution to a problem (transportation) where most of the other solutions are low cost. They simply cannot charge enough to stay profitable while still staying competitive. The margins are worse than grocery stores. I'm surprised whenever an airline makes a profit.
Posts: 26077 | Registered: Mar 2000
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I worked at MCI through their bankruptcy, and never had any issue with getting paid. No delays, no bounced checks, no underpay, nothing. Most of the time they were paying us overtime even, because when the news hit we became very busy.
Maybe it's different with a non-union, no-contract type job like that. If they'd gone one paycheck without getting us our money, most the staff would have been working somewhere else before the next payday.
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When did that happen?
