LUVRSW
Topic Author
Posts: 481
Joined: Sat Aug 13, 2005 11:15 pm

NW Close @ 1.90

Thu Sep 15, 2005 5:03 am

NW closed @ 1.90, DL @ .73
 
User avatar
keesje
Posts: 10334
Joined: Thu Apr 12, 2001 2:08 am

RE: NW Close @ 1.90

Thu Sep 15, 2005 5:13 am

So are they filing or not?
"Never mistake motion for action." Ernest Hemingway
 
LUVRSW
Topic Author
Posts: 481
Joined: Sat Aug 13, 2005 11:15 pm

RE: NW Close @ 1.90

Thu Sep 15, 2005 5:15 am

They will file for Chapter 69, mile high club.
 
wgw2707
Posts: 1113
Joined: Wed Aug 13, 2003 10:37 am

RE: NW Close @ 1.90

Thu Sep 15, 2005 5:16 am

I'm guessing Delta will file and Northwest will hold off a bit. I don't see the involuntary pension payment tomorrow posing a serious threat to their liquidity, and I think they'll want to take more time to line up DIP financing. Northwest never was in half of the mess Delta currently is in. That said, an NWA financing pre-October 17th is decidedly within the realm of possibility.
 
soylentgreen
Posts: 244
Joined: Thu Jul 07, 2005 1:33 am

RE: NW Close @ 1.90

Thu Sep 15, 2005 5:19 am

Quoting LUVRSW (Thread starter):
NW closed @ 1.90, DL @ .73

That's 1.90 and .73 too much.
 
AirRyan
Posts: 2399
Joined: Wed Mar 30, 2005 9:57 am

RE: NW Close @ 1.90

Thu Sep 15, 2005 5:23 am

All logics seems to say NW will file but gut says no. If there were to file a judge may order the AMFA mechs on strike back to work when it appears that NW has otherwise already appeared to have won that battle.

Quote:
Merrill said a Northwest Airlines (nasdaq: NWAC - news - people ) bankruptcy isn't as likely as the other two, but is nonetheless growing in probability and would support a call for the removal of 100 to 200 aircraft from the domestic market due to record high fuel prices.

"We now estimate 60% probability of [a] Northwest Chapter 11 filing prior to Oct. 17," Merrill said.

http://www.forbes.com/markets/2005/0...914markets15.html?partner=yahootix

Quote:
As for Northwest, the analysts continued, "a lot of elements for an out-of-court restructuring are in place: the pilots, the mechanics by default, and probably some key lessors, private debt holders, and vendors. What is missing are the flight attendants and pension reform."

http://www.marketwatch.com/news/yhoo...41%2D43D2%2D88DD%2D3E8609D1F6E3%7D
 
JBLUA320
Posts: 3041
Joined: Mon May 27, 2002 8:51 am

RE: NW Close @ 1.90

Thu Sep 15, 2005 5:49 am

Interestingly enough, NWAC is being rated as a buy...

JBLU
 
AirRyan
Posts: 2399
Joined: Wed Mar 30, 2005 9:57 am

RE: NW Close @ 1.90

Thu Sep 15, 2005 6:03 am

Quote:
Chapter 11 still avoidable

Susan Donofrio, analyst at Fulcrum Global Partners, backed her buy rating on Northwest and said bankruptcy can still be avoided, although time is running out.

"Events that need to move quickly for Northwest are more labor concessions, either stabilized or lower fuel prices, and confidence that pension reform will go through," she said.

"All three can still happen, although it may be management's level of confidence and very quick wage concessions that are really going to matter in the very near term," she added.


Morgan Stanley's Douglas Runte took a similar stance, maintaining his overweight rating on Northwest's stock.

"We do not believe that the company will file for bankruptcy on Wednesday and that it can and will restructure out of court," he said.

Northwest's stock, after a precipitous 53% plunge to record lows on Tuesday, rebounded, adding 30 cents, or 19%, to finish at $1.87 on heavy volume of nearly 68 million shares.

http://www.marketwatch.com/news/yhoo...83%2D450A%2D9E1B%2DAD31FEC015B4%7D

Popular Searches On Airliners.net

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos