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Do You Think TWA Will Make It?  
User currently offlineKonaB777 From , joined Dec 1969, posts, RR:
Posted (13 years 9 months 2 weeks 1 day 15 hours ago) and read 1981 times:

Trans World Airlines is in the midst of a major turnaround. I used to not think much of TWA, but that changed last weekend. As part of TWA/SIUC aviation career day at Southern Illinois University, TWA flew an MD-80 from STL to Southern Illinois Airport to give STL high-school kids tours of the campus & flight facilities. As a freshman in flight at SIUC, I got to tour the TWA jet after it landed. It was laid out very nicely, with a huge first class (20 seats), and was very comfortable, very clean. It changed my view of TWA, and I sincerely hope they make it through this tough time they are having.

So tell me, do you think TWA will make it? Regardless of your answer, please tell why. I hope TWA can be Trans World again.

KonaB777

27 replies: All unread, showing first 25:
 
User currently offlineDCA-ROCguy From United States of America, joined Apr 2000, 4490 posts, RR: 33
Reply 1, posted (13 years 9 months 2 weeks 1 day 15 hours ago) and read 1900 times:

As far as I can tell, TWA will make it on two conditions. First, if they can make it until Carl Icahn's pernicious Karabu separation agreement runs out in 2003. This will allow them to regain control of yield management. While no one is eager to see higher fares, they do need at least have some flexibility, especially for heavy business-traveler routes.

Second, if they can continue taking delivery and keeping up payments on their shiny new 717s and Airbuses. TWA, like US Airways, was late to the fleet rationalization game, (again, thanks Carl Icahn).

St. Louis just got FAA and federal court approval for their W-1W expansion plan for St Louis Lambert airport, which will also help. The third parallel runway, which should come online by 2005 or 2006, will give Lambert much needed additional capacity.

TWA has survived an awful lot, and management seems committed now to rebuilding the airline. Let's hope the economy stays good for a few more years, that would help make all of the above possible.

Jim K.
Washington, DC


User currently offlineN766AS From , joined Dec 1969, posts, RR:
Reply 2, posted (13 years 9 months 2 weeks 1 day 15 hours ago) and read 1881 times:

From my horrible experience on TWA in August, I wouldn't guess they will make it much longer.... next time I am flying United.

User currently offlineFalcon Flyer From United States of America, joined Jul 2000, 1323 posts, RR: 0
Reply 3, posted (13 years 9 months 2 weeks 1 day 12 hours ago) and read 1858 times:

I certainly hope so and wish them the very best.


My definition of cool ? Not trying so hard to be cool.
User currently offlineTWAneedsNOhelp From , joined Dec 1969, posts, RR:
Reply 4, posted (13 years 9 months 2 weeks 1 day 11 hours ago) and read 1866 times:

TWA has certainly made tremendous strides and will continue to for a very long time. In the past years as TW has executed its turnaround:

TW has replaced nearly its entire fleet. All 747s, L1011s, and 727s have been retired. Much of the airline's DC9 and 767-200 fleet have been retired and 762 replaced with newer 763ERs. TW has added new fleets of 757s and 717s. New Airbus 318 and 319s will be on property in 3 years.

TW has completely redone its New York City operation. LGA flights to PBI and FPO have been dropped. The JFK also is in the process of a complete repostioning. TW has dismantled its loss-making JFK-European operation and begun transAtlantic flights from STL. It has dropped other JFK loss making routes to ORD, LAS, MIA, Sarasota, and PBI.
In the process TW has upped its LAX frequency to 6 and its SFO frequency to 3 while also adding an extensive Carribean service from JFK and EWR. TW has started the only SNA service available from NYC.

TW has established two new focus citys at SJU and LAX, each with regional connection partners. TWA mainline serces AUA, LAX, STL, BOS, JFK, MCO, FLL, and SDQ from SJU. MIA will be added shortly. TW's LAX system is quite unique. Saad 340 TWConnection service meets mainline flights to Kona Hawaii, Regan National Airport, St. Louis, JFK, and San Juan. An as yet unnamed mainline destination will be announced shortly also.

TW has paid off its Pension Fund, which was raided during Ichann era.

TW has become operationally superior to almost any other American airline. Last year the airline was the country's #1 on-time airline and this year is in a close second.

All this improvement has come despite the Karabu Ticketting Scheme where TW is involuntarily forced to sell a firm controlled by former owner Karl Ichann any TW ticket (except for codeshare or O&D from STL) for 50% of its published fares. This brings yields down tremendously

No doubt Vitale will respond soon, but as you can see the airline has made marvelous progress despite hardships. TWA is on its way.


User currently offlineGoingboeing From United States of America, joined Dec 1999, 4875 posts, RR: 16
Reply 5, posted (13 years 9 months 2 weeks 1 day 5 hours ago) and read 1837 times:

For an opposing view, I bring you Holly Hegemens planebusniess comments:

"Finally, TWA also reported earnings today. The airline reported a loss of $34.8 million, or $0.49 cents per share. But more importantly, the airline said that at the end of the quarter, it was sitting on about $157 million in cash. We see this number as very significant, as most of you know TWA usually sheds a fair amount of revenue in both the fourth and first quarters of the year. Or at least historically this has been the case.

With oil prices continuing to sit at around $34/barrel and change, and with the fact that TWA is not hedged for fuel for fourth or first quarter, our most pressing issue here is one of the ability of the airline to weather the winter.

Granted, the airline is certainly more fuel-efficient than it was, but the revenue side of the equation still lags. In fact, in terms of costs, the airline did well, as the airline saw CASM increase only 3.3%, excluding the costs associated with the IAM contract ratification.

The numbers tell the story. For the quarter, the airline saw operating revenues increase 11%, while operating expenses increased 5.2%. Meanwhile, operating income was a $10.9 million loss.

Operationally, the airline saw load factor gain 1.4 points to 76.1%, while yield was up 4.2%, and RASM was up 6%. CASM, as we said was up 3.3%.

Overall, I guess what strikes us most is that even with very strict clamp-downs on costs, the airline still could not make money for the quarter.



User currently offlineAmtrakGuy From United States of America, joined Sep 1999, 500 posts, RR: 0
Reply 6, posted (13 years 9 months 2 weeks 1 day 5 hours ago) and read 1831 times:

My gut tells me TWA will survive....After the Ichann's is done with.....can't wait till 2003 comes....times will fly by fast.

Dave


User currently offlineSKYTEAM From France, joined Nov 2009, 0 posts, RR: 1
Reply 7, posted (13 years 9 months 2 weeks 1 day 5 hours ago) and read 1823 times:

I love TWA!!!!! I first flew them in July from MCO-STL (MD-80), and STL-PHX (757) The service was awesome, The planes were the cleanest I have ever seen, and the food was good. TWA will make it, I just wish they would scratch the Airbus orders.

SKYTEAM


User currently offlineTurboTristar From , joined Dec 1969, posts, RR:
Reply 8, posted (13 years 9 months 2 weeks 1 day 4 hours ago) and read 1815 times:

I always thought TWA would make it, even 8 years ago when I was a little kid! They have newer planes, newer routes, and some of the best pilots and workers in the business who are dedicated to the airline. GO TW

TurboTristar


User currently offlineKlwright69 From Saudi Arabia, joined Jan 2000, 2018 posts, RR: 3
Reply 9, posted (13 years 9 months 2 weeks 1 day 4 hours ago) and read 1800 times:

Correction to TWAneedsNOhelp: TWA is not the only carrier to serve NYC to SNA. CO has from EWR long before TW began in this market.

User currently offlineTWAneedsNOhelp From , joined Dec 1969, posts, RR:
Reply 10, posted (13 years 9 months 2 weeks 1 day 3 hours ago) and read 1799 times:

Yes, dear Co serves SNA from EWR with what 738s? I'm sorry for the mistake.

User currently offline777guy From United States of America, joined Sep 2000, 491 posts, RR: 0
Reply 11, posted (13 years 9 months 2 weeks 22 hours ago) and read 1770 times:

I am hopeful of TWA's survival but am amazed at their lack of ability to turn profitable when you consider the number of passengers they carry.Also they have what has to be one of the best connecting hubs in StLouis.For my part I have been satisfied with their service.The FA's are generally nice people as are their ground staff.I just do not like the overcrowded gates at Lambert where it is hard to find a seat between flights.

User currently offlineKonaB777 From , joined Dec 1969, posts, RR:
Reply 12, posted (13 years 9 months 2 weeks 21 hours ago) and read 1759 times:

the reason why TWA has trouble turning a profit despite their strengths is that stupid karabu thing by stupid carl icahn. once 2003 rolls around, that will be over with, & hopefully twa will rise again.

User currently offlineGoingboeing From United States of America, joined Dec 1999, 4875 posts, RR: 16
Reply 13, posted (13 years 9 months 2 weeks 21 hours ago) and read 1760 times:

Correction Kona...Karabu is making Carl Icahn very wealthy. In that respect he is far from stupid. Greedy? Well, theres no doubt about that one.

User currently offlineDCA-ROCguy From United States of America, joined Apr 2000, 4490 posts, RR: 33
Reply 14, posted (13 years 9 months 2 weeks 13 hours ago) and read 1726 times:

Thanks TWAneedsNOhelp for that detailed summary! TWA has survived high oil prices and bad winters before so given its fleet and route changes it seems unlikely to me that they wouldn't make it through this one. And they've survived the Karabu bloodsucker for five years, three more is very feasible.

I'm all for free markets and low fares, but the Karabu thing is truly greed at its worst. No "financial savvy" justifies putting tens of thousands of employees on edge for eight years wondering if they'll have a job just so that some financier tyrant can keep getting rich. What a truly hateful thing to do to a company just because he failed at running it!

God speed to TWA. Their employees and current management have lots to be proud of.

Jim


User currently offlineDCA-ROCguy From United States of America, joined Apr 2000, 4490 posts, RR: 33
Reply 15, posted (13 years 9 months 2 weeks 13 hours ago) and read 1722 times:

Thanks TWAneedsNOhelp for that detailed summary! TWA has survived high oil prices and bad winters before so given its fleet and route changes it seems unlikely to me that they wouldn't make it through this one. And they've survived the Karabu bloodsucker for five years, three more is very feasible.

I'm all for free markets and low fares, but the Karabu thing is truly greed at its worst. No "financial savvy" justifies putting tens of thousands of employees on edge for eight years wondering if they'll have a job just so that some financier tyrant can keep getting rich. What a truly hateful thing to do to a company just because he failed at running it!

God speed to TWA. Their employees and current management have lots to be proud of.

Jim


User currently offlineTWAneedsNOhelp From , joined Dec 1969, posts, RR:
Reply 16, posted (13 years 9 months 2 weeks 13 hours ago) and read 1727 times:

No prob Jim, I'm love writing/studying/thinking about TWA. It's turnaround-in-progress (if successful) is one of commerical aviation's great stories. I wish more of America knew the raping/dirty secrets of one of our country's proudest carriers. Whether TW will ever be what it once was is doubtful, but its very existance is testament to the motivation of the people who have worked with profound uncertainity to keep the double globes flying.

User currently offlineKonaB777 From , joined Dec 1969, posts, RR:
Reply 17, posted (13 years 9 months 2 weeks 10 hours ago) and read 1710 times:

When I called Carl Icahn stupid, I meant stupid as in a greedy, bloodsucking jerkoff that almost killed a very good airline.

User currently offlineACVITALE From United States of America, joined Aug 2001, 922 posts, RR: 11
Reply 18, posted (13 years 9 months 1 week 6 days 23 hours ago) and read 1697 times:

TWANeedsNoHelp said it all for me. Thanks for the help Russ!

For the record TWA has gone into Q4/Q1 with as little as 100 million and that was when they lost more money in those quarters. Now with no 747s L1011s 727s and a more sun oriented route structure you will likely see TWA do just fine!



User currently offlineKonaB777 From , joined Dec 1969, posts, RR:
Reply 19, posted (13 years 9 months 1 week 5 days 17 hours ago) and read 1676 times:

I'm glad to see so much optimism for TWA!!!

User currently offlineAcvitale From United States of America, joined Aug 2001, 922 posts, RR: 11
Reply 20, posted (13 years 9 months 1 week 5 days 5 hours ago) and read 1661 times:

Look for new service to LIH to be announced out of LAX within the next week. A new codeshare partner should be announced within 2-3 weeks.

Al


User currently offlineEyeSky From United States of America, joined Aug 2000, 312 posts, RR: 0
Reply 21, posted (13 years 9 months 1 week 5 days ago) and read 1636 times:
Support Airliners.net - become a First Class Member!

I said it before and I'll say it again - if TWA could survive Howard Hughes, it can survive anything!

EyeSky

 


User currently offlineKonaB777 From , joined Dec 1969, posts, RR:
Reply 22, posted (13 years 9 months 1 week 4 days 22 hours ago) and read 1627 times:

What you should say is "If TWA survived Icahn, then it could survive anything."

User currently offlineTWAneedsNOhelp From , joined Dec 1969, posts, RR:
Reply 23, posted (13 years 9 months 1 week 4 days 20 hours ago) and read 1616 times:

Lihue, Kauai?? Are they kidding?? Albert, you don't think this is a viable flight do you? Why can't they just add a tag from the Kona flight LAX-KOA-LIH? Kauai is one of the smallest, most protected islands (albeit gorgous), but I doubt it can support any more than 2 or 3 flights weekly. They're not going daily are they? I saw fares are pretty significant though, 700 or so round trip on Northwest with the stop in HNL.

User currently offlineImkeww From , joined Dec 1969, posts, RR:
Reply 24, posted (13 years 9 months 1 week 4 days 17 hours ago) and read 1600 times:

United has 2 daily flights into LIH, year round, from LAX and SFO.

25 ACVITALE : Do not underestimate TWA in Hawaii. They have increased their presence by 270% this year alone and are running full flights that are making money. LIH
26 Post contains images BOS-CDG : I am not overwhelmed by my experiences with TWA (one was actually very bad) but I love its image and for us in France, TWA was a little bit the image
27 UK-TWA : Karabu does not prevent TWA from joining an alliance. On the contrary, it's the best way to limit its impact on avearge yields, since flights operated
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