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NW Post 101million Dollar Profit  
User currently offlineFL370 From United States of America, joined Apr 2006, 252 posts, RR: 0
Posted (7 years 7 months 3 weeks 1 day 23 hours ago) and read 5094 times:

http://asia.news.yahoo.com/060831/3/2p9q3.html

theres something you don't hear everyday from an airline thats in banckrupty.
anyone else hear about this.


fl370

36 replies: All unread, showing first 25:
 
User currently offlineNWDC10 From , joined Dec 1969, posts, RR:
Reply 1, posted (7 years 7 months 3 weeks 1 day 23 hours ago) and read 5064 times:

I really hope NW AND DL exits BK soon. But the future doesn't look too bright for the airline industry. Very serious here. Robert NWDC10

User currently offlineFlyf15 From , joined Dec 1969, posts, RR:
Reply 2, posted (7 years 7 months 3 weeks 1 day 23 hours ago) and read 5037 times:

Yet they still screw the flights attendants over big-time.

User currently offlineSonOfACaptain From United States of America, joined May 2004, 1747 posts, RR: 6
Reply 3, posted (7 years 7 months 3 weeks 1 day 23 hours ago) and read 5037 times:

Quoting NWDC10 (Reply 1):
But the future doesn't look too bright for the airline industry. Very serious here.

Why do you say that? The industry is finally on the rebound.

-SOAC



Non Illegitimi Carborundum
User currently offlineUadc8contrail From United States of America, joined Sep 2003, 1782 posts, RR: 10
Reply 4, posted (7 years 7 months 3 weeks 1 day 23 hours ago) and read 5029 times:

didnt think you could have a net profit in CH11.....is this maybe a operating profit????


bus driver.......move that bus:)
User currently offlineAzstagecoach From United States of America, joined Mar 2006, 152 posts, RR: 0
Reply 5, posted (7 years 7 months 3 weeks 1 day 22 hours ago) and read 4983 times:

Quoting Uadc8contrail (Reply 4):
didnt think you could have a net profit in CH11.....is this maybe a operating profit????

Since all the debt's cancelled out, it's all profit  Smile


Seriously, what can they mean by profit while in BK? Any operating profit should go toward the BK plan, right?


User currently offlineSFORunner From United States of America, joined Jul 2004, 324 posts, RR: 0
Reply 6, posted (7 years 7 months 3 weeks 1 day 22 hours ago) and read 4946 times:

SEC filing for the finance geeks and lawyers:

http://edgar.sec.gov/Archives/edgar/...465906058751/a06-18878_1ex99d1.htm

"Aircraft rejection charges" accounted for $32m of the $39m reorganization expenses.


User currently offlineAlaskaqantas From New Zealand, joined Dec 2005, 902 posts, RR: 4
Reply 7, posted (7 years 7 months 3 weeks 1 day 22 hours ago) and read 4897 times:

I feel bad saying this about any airline but I'm surprised that NW made that much... I mean I had a really bad experience with them jsust a few weeks ago  Sad
~Cheers-
~~Kyle H.

Quoting Azstagecoach (Reply 5):
Since all the debt's cancelled out, it's all profit Smile



to some people the sky is the limit, to aviation enthusiasts, its home!
User currently offlineBurnsie28 From United States of America, joined Aug 2004, 7504 posts, RR: 8
Reply 8, posted (7 years 7 months 3 weeks 1 day 15 hours ago) and read 4692 times:

Quoting NWDC10 (Reply 1):
I really hope NW AND DL exits BK soon.

NW won't exit until next year, that way they get an extra year on the pilots contract.

Quoting Alaskaqantas (Reply 7):
I mean I had a really bad experience with them jsust a few weeks ago Sad

How so?



"Some People Just Know How To Fly"- Best slogan ever, RIP NW 1926-2009
User currently offlineBucky707 From United States of America, joined Aug 2000, 1028 posts, RR: 3
Reply 9, posted (7 years 7 months 3 weeks 1 day 15 hours ago) and read 4674 times:

Quoting Burnsie28 (Reply 8):
NW won't exit until next year, that way they get an extra year on the pilots contract

the term of the NW pilot contract is already set. When NW exits bankruptcy does not change it.


User currently offlineLitz From United States of America, joined Dec 2003, 1753 posts, RR: 0
Reply 10, posted (7 years 7 months 3 weeks 1 day 15 hours ago) and read 4651 times:
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Is that net income including, or not including, the reorganization costs?

Even if after, they still come out in the black.

Both NW and DL seem to have had quite good months in July!

- litz


User currently offlineMattRB From Canada, joined Apr 2005, 1624 posts, RR: 10
Reply 11, posted (7 years 7 months 3 weeks 1 day 14 hours ago) and read 4567 times:

Quoting Flyf15 (Reply 2):
Yet they still screw the flights attendants over big-time.

The FA's had their chance. They rejected the contracts put forth and got the harsh deal they could've avoided. Part of that profit is because of that contract that was imposed.



Aviation is proof that given, the will, we have the capacity to achieve the impossible.
User currently offlineBurnsie28 From United States of America, joined Aug 2004, 7504 posts, RR: 8
Reply 12, posted (7 years 7 months 3 weeks 1 day 12 hours ago) and read 4377 times:

Quoting Bucky707 (Reply 9):
the term of the NW pilot contract is already set. When NW exits bankruptcy does not change it.

According to the contract, if they exit this year, then the contract will end one year before if they exited next year.



"Some People Just Know How To Fly"- Best slogan ever, RIP NW 1926-2009
User currently offlineASFlyer From United States of America, joined May 2005, 1044 posts, RR: 2
Reply 13, posted (7 years 7 months 3 weeks 1 day 12 hours ago) and read 4307 times:

Quoting MattRB (Reply 11):
Part of that profit is because of that contract that was imposed.

Umm, not so oh wise one. TA2 was not turned down until 7/31, and the new terms were not imposed until 8/1. Get your facts straight and know what you're talking about.

[Edited 2006-09-01 18:37:21]

User currently offlineMattRB From Canada, joined Apr 2005, 1624 posts, RR: 10
Reply 14, posted (7 years 7 months 3 weeks 1 day 11 hours ago) and read 4232 times:

Oh, well, pardon my grievous error.


Aviation is proof that given, the will, we have the capacity to achieve the impossible.
User currently offline1rocco From United States of America, joined Dec 2003, 119 posts, RR: 0
Reply 15, posted (7 years 7 months 3 weeks 1 day 10 hours ago) and read 4144 times:

Quoting MattRB (Reply 14):
Oh, well, pardon my grievous error.

This is the reason people don't understand our position. People type before they think things through. It is painfully obvious that there are a lot of people out there who truly don't know the whole story. If they did we would have a lot more backing of our situation.
How long do think it will take for TVNWZ to rear his head to attack me??? Oh well if it makes him feel better..

[Edited 2006-09-01 20:31:16]

User currently offlineAirbazar From United States of America, joined Sep 2003, 7874 posts, RR: 10
Reply 16, posted (7 years 7 months 3 weeks 1 day 10 hours ago) and read 4120 times:

Quoting NWDC10 (Reply 1):
But the future doesn't look too bright for the airline industry. Very serious here. Robert NWDC10

Uh? The future of the airline industry is bright, not only in the US but all over the World. More people than ever are flying that number will only continue to rise. Don't generalize the overall state of the airline industry base on a few mismanaged airlines and their greedy unions. You will find very well managed airlines all over the World that are profitable even with oil at $70 a barrel.


User currently offlineMattRB From Canada, joined Apr 2005, 1624 posts, RR: 10
Reply 17, posted (7 years 7 months 3 weeks 1 day 10 hours ago) and read 4098 times:

Quoting 1rocco (Reply 15):
This is the reason people don't understand our position.

I believe I actually read that comment on here, that the imposition of TA1 had something to do with the profit. Obviously, my mistake.

Quoting 1rocco (Reply 15):
It is painfully obvious that there are a lot of people out there who truly don't know the whole story. If they did we would have a lot more backing of our situation.

Here's what the public see: The NWAFAs have been through two contract negotiations and two unions in the past few months. We see absolutely no progress and a union membership that can't get its act together. We see a union group calling for a strike that would most likely lead to their employers liquidation and the termination of thousands of their fellow employees who have taken cuts.

We don't care about your situation. All we want to know is that our flight from DTW to AVL will be there for us and available. We see a union (NOT corporate) endangering that. We are unsympathetic because most of us have seen cutbacks, layoffs, outsourcing and pinks slips up the ying yang in the past few years. We've all taken our shots, had more work piled on for less pay and have endured it too. Some of us have remained on those jobs, others have left. If you don't like it, quit and go elsewhere. You are not chained to your job. We don't care for your sabre-rattling, nor do we care that junior FAs qualify for foodstamps. We don't see you as essential. We don't see you as highly qualified. We just expect you to be there when we're thirsty or hungry or need a blanket and pillow. Yours is not a glamourous job and we do not hold your position in high regard. You're a McEmployee at FL350. Being an FA is not a career anymore. Again, if you don't like it, go elsewhere - we just want to get home.



Aviation is proof that given, the will, we have the capacity to achieve the impossible.
User currently offlineXFSUgimpLB41X From United States of America, joined Aug 2000, 4183 posts, RR: 37
Reply 18, posted (7 years 7 months 3 weeks 1 day 5 hours ago) and read 3918 times:

Remember this profit is WITHOUT the FA and pilot concessions.... that they are still vying for. Something doesn't add up....


Steenland deserves to go to jail.



Chicks dig winglets.
User currently offlineDTWAGENT From United States of America, joined Jan 2006, 1283 posts, RR: 0
Reply 19, posted (7 years 7 months 3 weeks 1 day 5 hours ago) and read 3906 times:

This is not going to sit well with the F/A's but, what they gave up is what helped get that profit.

Chuck


User currently offlineASFlyer From United States of America, joined May 2005, 1044 posts, RR: 2
Reply 20, posted (7 years 7 months 3 weeks 1 day 5 hours ago) and read 3784 times:

Quoting DTWAGENT (Reply 19):
This is not going to sit well with the F/A's but, what they gave up is what helped get that profit

NO, it didn't. That profit was profit for JULY - TA1 was implemented in AUGUST. How hard is that to figure out. Now, if you're talking about the previous cuts, perhaps. FA's aren't against cuts, they are against the magnitude of the cuts that management is imposing.


User currently offlineFloridaflyboy From United States of America, joined Jun 2006, 1999 posts, RR: 0
Reply 21, posted (7 years 7 months 3 weeks 1 day 5 hours ago) and read 3749 times:

Quoting MattRB (Reply 11):
The FA's had their chance. They rejected the contracts put forth and got the harsh deal they could've avoided. Part of that profit is because of that contract that was imposed.

Wow! Nothing like caring only about numbers and not people. That's a little harsh considering this is their livelihood we're talking about. You don't see Doug Steenland lining up to let the EMPLOYEES take a whack at his pay.



Good goes around!
User currently offlineUsAirways16bwi From United States of America, joined May 2004, 1004 posts, RR: 4
Reply 22, posted (7 years 7 months 3 weeks 1 day 5 hours ago) and read 3675 times:

Hmm... sounds familiar...anyone recognize this?... Anyway..... NW (even though ive never flown NW) is a very good airline, judging by what i hear from people who have flown them several times. Of course every airline will get negative reactions from some people, but for the most part, the reactions i hear are good. US was in way worse shape a while ago, yet they recently had a huge profit, opened new routes, and ordered more planes. Of course i was very happy to see my airline rise up, almost, from the grave. I think NW can and will pull through.

there are a few thgings i think NW should do. First off, do they have any aircraft on order? If they do, maybe postponing the orders until they get things straight. Also, adding frequencies to most profitable routes, and pulling planes off less profitable ones might help more. And i know the whole DC-9 issue is kindof a contraversy, but they have worked their tailcones off for NW for many years, and i believe they can continue that for a while. Ordering new planes to replace them would be nice, but i dont think they are in the shape to be doing all that yet. I mean, CR9s in NW colors would looke cool as hell, but its just a little too soon. Yea they posted a profit, but you never know, things could go downhill again. If that be the case, downsizing at MEM a little could be a viable option. MSP and DTW would do just fine, for the time being. These are just a few things that could help them out.

Once again, a few of my suggestions might sound somewhat familiar..*cough* USairways.*cough* But hey, if it worked for US, it wouldnt hurt to try the same thing.


User currently offlineAirbazar From United States of America, joined Sep 2003, 7874 posts, RR: 10
Reply 23, posted (7 years 7 months 3 weeks 1 day 4 hours ago) and read 3612 times:

Quoting Floridaflyboy (Reply 21):
Wow! Nothing like caring only about numbers and not people. That's a little harsh considering this is their livelihood we're talking about.

Who cares. We have all gone through the same thing in our careers at one point or another. My own company is currently outsourcing 10,000 IT jobs to India. As MattRB says, the flying public doesn't give a rat's ass about the flight attendant's problems. We just want to get home, for the cheapest price.


User currently offlineWe're Nuts From United States of America, joined Jun 2000, 5722 posts, RR: 20
Reply 24, posted (7 years 7 months 3 weeks 1 day 4 hours ago) and read 3375 times:

Quoting MattRB (Reply 17):
All we want to know is that our flight from DTW to AVL will be there for us and available.

Please let me put your mind at ease: this flight is not operated by Northwest Airlines.



Dear moderators: No.
25 Post contains images Bennett123 : Those who think that FA are dispensible presumably do not anticipate facing this situation themselves.
26 MattRB : I'm well aware it's not, it's just what I was reciting off the top of my head. If you'd like me to be more accurate, please substitute YYZ-DTW or YYZ
27 XFSUgimpLB41X : Matt- These profits were posted without the paycuts from the pilots and FA's! These scumbag managers are simply padding their pockets and going to giv
28 YYCowboy : Hmmmmm, ponder, ponder, ponder. I'm not much of a union supporter, they seem detrimental to "right to work" which I hold near and dear. Go ahead and t
29 Post contains links NWDC10 : This is one hint of why our economy is going down, down, down. and also look at our debt that we are in, (personal and nationally). I'm telling you,
30 Post contains images TVNWZ : Unfortunately, they screwed themselves over. Hey, 1rocco! How ya doing?? Then they should have supported the second tenative agreement negotiated by
31 ASFlyer : Which contained the exact same dollar amount in cuts. No difference. The union represents the FA's and it is their job to carry out the wishes of the
32 MattRB : And next quarter might actually see a bigger profit with the new FA contract in place that gets the savings NW was looking for. As to the 'scumbag ma
33 ASFlyer : Fair enough I would say.
34 Post contains images AA767400 : When you are hungry, there will be no food there for order from a Flight Attendant because there is none. Pillow, Blanket? Again, there will be none
35 Supa7E7 : As a distant observer... the FA job is a bit like any other hospitality job. It is what you make it. The FA job can be incredibly well done, like an e
36 Post contains images TVNWZ : We agree! Go ahead and strike if you must. And the consequences will be yours. And, unfortunately, it is becoming not so much a career in this countr
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