Teej13 From Canada, joined exactly 15 years ago today! , 486 posts, RR: 0 Posted (14 years 4 months 2 weeks 2 days 23 hours ago) and read 2492 times:
If Air Canada had left well enough alone, and not bought out Canadian Airlines, do you think they'd be in the financial trouble they're in now? Nobody can deny the economic impact of 9/11, but what about the fact that AC was hurting before then? Did they spread themselves too thinly and become vulnerable to any type of economic downturn?
Yyz717 From Canada, joined Sep 2001, 16501 posts, RR: 54
Reply 1, posted (14 years 4 months 2 weeks 2 days 22 hours ago) and read 2472 times:
They would probably still be in financial trouble. Canada, like most of the western world, has come ended about a 9-year economic growth phase. AC should be in a strong financial position..instead they have a huge debt load and are facing possible bankruptcy. They should get rid of Milton.
I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
Teej13 From Canada, joined exactly 15 years ago today! , 486 posts, RR: 0
Reply 2, posted (14 years 4 months 2 weeks 2 days 22 hours ago) and read 2465 times:
You're right. Milton should go. AC is now ill-equipped to deal with an economic downturn. Look at Singapore Airlines.. they're hurting like the rest of the industry, but they're got a solid foundation.
AC183 From Canada, joined Jul 1999, 1532 posts, RR: 2
Reply 3, posted (14 years 4 months 2 weeks 2 days 21 hours ago) and read 2462 times:
I think the industry would have been better off had CP been allowed to die (ie- the debt disappeared) and it's competitors hired on as many of the staff and take on it's aircraft, or possibly the company even having been restarted without so much debt. The catch is, as I've said before, that politically this was not allowable. Essentially AC was given two choices: take over CP, or else... the alternative was never voiced, but the government basically said "you won't like the alternative."
Fallingeese From Canada, joined Apr 2001, 2097 posts, RR: 16
Reply 5, posted (14 years 4 months 2 weeks 1 day 13 hours ago) and read 2420 times:
Yes and No...
If they hadn't bought Canadian they still would find themselves in trouble at this point in time, though not as severe. Since they did they benifitted by gaining some more useful slots and profitable flights.