11-11-2008
06:18 PM
1 Love
John,
I'm not sure if you saw it, but we're already taking losses. Last quarter was our first in 19 years.
And don't forget we've endured other fireworks too: We had a record FAA fine levied against us for lack of basic maintenance oversight by the finance guy now running flight operations. We've witnessed numerous operational meltdowns out on line due to poor staffing during our heaviest holiday travel periods. We now have all major labor contracts now open at the same time. We're losing our shirts right now as a company thanks to a bunch of crazy hedging contracts which were signed this summer at the peak of the energy cycle. And we're selling and deferring aircraft deliveries from Boeing. Remember those Fort airplanes? How much did we pay to buy, overhaul, and significantly modify them only to turn them back for sale only months later.
I mean how hard can this be? As managers, you get handed over the reigns to the most profitable, stable, and debt free airline in the history of the United States and within a matter of just a few years all heck seems to break loose every time the employees turn around.
Take your head out of the sand, and look around you. This is not a union vs. management thing. This is just incompetent management holed up in a bunker called Dallas.
ONCE YOU LOOSE THE UNIONIZED LABOR GROUPS, YOU WILL NEVER GET THEM BACK : (
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