Commavia From United States of America, joined Apr 2005, 11116 posts, RR: 62
Reply 6, posted (8 years 7 months 2 weeks 3 days 7 hours ago) and read 4289 times:
Sadly, I agree with the general spirit of the article -- Katrina, and the subsequent spike in fuel prices, will probably end up being the straw that broke the airline's back in the case of DL, forcing the airline into bankruptcy within weeks, IMO. In addition, I think that it very well might mean the end for several airlines already on the brink, like TZ. I could be wrong, and I hope fo the sake of said airlines' employees that I am, but only time will tell.
OttoPylit From , joined Dec 1969, posts, RR:
Reply 7, posted (8 years 7 months 2 weeks 2 days 16 hours ago) and read 4083 times:
Quoting Luv2fly (Reply 4): Because now it is not being whispered behind closed doors, and now being said out loud and in front of people.
What was being said behind closed doors that hasn't been said out loud? Analysts have been predicting a possible filing, fuel prices have been going up, hurricane caused tremendous problems in everyone's flight schedules, and Delta has been on the brink for a while now.
What you are saying was "whispered behind closed doors" has been public for quite a while now, so your behind the power curve or out of the loop. And even if it wasn't out in the open, anyone could figure it out, its not rocket surgery.
Haha, you think Delta would let out Song's financial performance so the other LCC's would pick it to pieces? I don't think so. Watch out Richie, you are speaking on terms of which you do not know...again.
You've been caught with your pants down once, don't let it happen again(or should we start once more the "Song's Death Countdown"). LOL
JFKLGANYC From United States of America, joined Jan 2004, 3169 posts, RR: 5
Reply 10, posted (8 years 7 months 2 weeks 2 days 12 hours ago) and read 3911 times:
I have posted this many times, and I'll direct this time to OttoPylit:
This is a forum! Plain and simple. People come to a forum to discuss things. And yes, as a topic evolves, people discuss things MORE THAN ONCE. (I can't believe I just said that!)
Who would ever expect a possible bankruptcy filing by a respected, major airline to be discussed more than ONE time in ONE thread on an AVIATION forum?
Who would ever expect a NEW THREAD to be started on the possible effect of a major natural disaster that killed thousands of people, devestated a major U.S. city, and drove up Jet Fuel to record levels to be posted on an AVIATION forum?
You, Otto, are absolutely right! None of our members should EVER, EVER, EVER, think of posting another DL possible bankruptcy filing thread EVER AGAIN . . . EVEN, yes EVEN if a major event occurs which could hasten or ebb that process.
I'm picking up your sarcasm there, which is good, since your laying it on pretty thick.
Quoting Luv2fly (Reply 11): You could also say the same for not releasing it, as it is not delivering like they are always saying. Truth is we have no way of knowing one way or another.
Let's dissect this a little. You state "it is not delivering as they are always saying and we have no way of knowing." And you know this how? Do you work for Delta? Are you a Delta analyst in Rev Mgmt? Do you have friends who are? Unless you do, YOU are right when you say you have no idea. However, I do work for Delta, I do have friends in those places(and on this very forum) and I do see the numbers on a regular basis. And I do know if it is making money or not. I could very easily give you the CASM on it, not that I will. I know the the break even LF is and could give it you, not that I will. I know whether Song is making money. Being that is started out well and has done nothing but expand, I'll just say entertain you and say that it loses millions a day and will shut down within a week. That should keep you quelled for a while.
By the way, when did this turn into a Song thread? Weren't we talking about the "already run into the ground" thread of Delta filing for bankruptcy that you love so much?
I'm bored, off to find something to spend better time on. I think my shoes need to be relaced..........
DeltaMIA From United States of America, joined Feb 2004, 1672 posts, RR: 17
Reply 14, posted (8 years 7 months 2 weeks 2 days 3 hours ago) and read 3674 times:
They will file. It is painfully obvious. The question comes down to when. Personally I don't think we should discuss it on this forum until that day comes. It seems to make a lot more sense than have a daily discussion on which newspaper editor thinks DL is on the brink. Most of us are smart of enough on this forum to not need to post or read the daily newspaper article as proof DL's financial situation isn't strong and Bankruptcy is imminent.
It's a big building with patients, but that's not important right now.
N839MH From United States of America, joined Mar 2001, 365 posts, RR: 0
Reply 15, posted (8 years 7 months 2 weeks 2 days 2 hours ago) and read 3656 times:
Well, talking to some crew members along with a good friend from
Headquaters on the DFW-HNL flight....oh how nice it is to have the
DFW to HNL non-stop flights back...and two of them a day at that....
anyhow...sounds like Delta will file Bankruptcy sometime this coming week.
Oh well...what can anyone do about it....there are definitely worse things
in life than if Delta files Bankruptcy!!!
Srbmod From , joined Dec 1969, posts, RR:
Reply 16, posted (8 years 7 months 2 weeks 1 day 14 hours ago) and read 3535 times:
Some folks are saying that they'll wait until after the sale of EV to OO is done to file, which should be sometime in the next few weeks. I guess they can't find someone to take OH off of their hand yet. The aftermath of Katrina and the fuel issues are just another bump in the rocky road to Chapter 11 for Delta.
As for Song, since it is considered part of DL Mainline for financial and regulatory reasons, the financials on it don't get reported separately (DL Connection's financials aren't reported separately either. The first full quarter that EV is under the OO corporate umbrella could potentially give us a look into how important EV and OH have been to DL's bottom line). A lot of us here thought that when Grinstein became CEO that Song was going to be history ASAP. I think Song will be history as part of the CH. 11 reorganization, but some of the things learned through it that haven't already made it into the mainline product will be rolled out through much of the mainline product.
Bucky707 From United States of America, joined Aug 2000, 1028 posts, RR: 3
Reply 20, posted (8 years 7 months 2 weeks 17 hours ago) and read 3311 times:
Quoting DAL767400ER (Reply 19): If you actually believe what you just wrote, I have a bridge in Hamburg to sell to you.
Ok, lets talk again in a year and see. I think you will find I am right on track.
If Delta were to stay an independent carrier, CVG would survive. However, Delta cannot and will not stay independent. We will merge with someone. CVG will be eliminated in pretty much any merger scenario. Along with that, the need for CMR is pretty much gone.
Bucky707 From United States of America, joined Aug 2000, 1028 posts, RR: 3
Reply 22, posted (8 years 7 months 2 weeks 17 hours ago) and read 3255 times:
Quoting DAL767400ER (Reply 21): While I do not doubt that DL will be involved in a merger/takeover within the next ten years, I doubt it will happen within the next 12 months.
next twelve months, maybe not. But they will have to start setting up for a merger in the next twelve months. Once a merger is announced, too late to start closing a hub or downsizing. Things will start to move fast once we are in BK.
CIDflyer From United States of America, joined Apr 2005, 2221 posts, RR: 3
Reply 23, posted (8 years 7 months 2 weeks 16 hours ago) and read 3210 times:
Quoting Bucky707 (Reply 20): CVG will be eliminated in pretty much any merger scenario
there are a handful of cities with service only through the CVG hub. Would they keep DL flights and route them through ATL? Are the recent announcements of moving CVG service from LAN and MLI to ATL a sign of things to come? Its hard to think of a hub with 600 flights being shuttered with nothing nearby to take the capacity. At least when AA downsized STL they still had ORD close by to absorb some of those flights that were cut at STL.