FL370
Topic Author
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NW Post 101million Dollar Profit

Fri Sep 01, 2006 2:16 pm

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
 
NWDC10
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NW Post 101million Dollar Profit

Fri Sep 01, 2006 2:32 pm

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
 
flyf15
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NW Post 101million Dollar Profit

Fri Sep 01, 2006 2:41 pm

Yet they still screw the flights attendants over big-time.
 
SonOfACaptain
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Fri Sep 01, 2006 2:41 pm

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
 
uadc8contrail
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Fri Sep 01, 2006 2:45 pm

didnt think you could have a net profit in CH11.....is this maybe a operating profit????
bus driver.......move that bus:)
 
azstagecoach
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Fri Sep 01, 2006 3:05 pm

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?
 
SFORunner
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Fri Sep 01, 2006 3:15 pm

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.
 
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alaskaqantas
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Fri Sep 01, 2006 3:48 pm

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!
 
burnsie28
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NW Post 101million Dollar Profit

Fri Sep 01, 2006 10:06 pm

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?
 
bucky707
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Fri Sep 01, 2006 10:13 pm

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.
 
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litz
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Fri Sep 01, 2006 10:20 pm

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
 
MattRB
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Fri Sep 01, 2006 11:01 pm

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.
 
burnsie28
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Sat Sep 02, 2006 1:05 am

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.
 
ASFlyer
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Sat Sep 02, 2006 1:36 am

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]
 
MattRB
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Sat Sep 02, 2006 2:08 am

Oh, well, pardon my grievous error.
Aviation is proof that given, the will, we have the capacity to achieve the impossible.
 
1rocco
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 3:29 am

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]
 
airbazar
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Sat Sep 02, 2006 3:37 am

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.
 
MattRB
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Sat Sep 02, 2006 3:48 am

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.
 
XFSUgimpLB41X
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 8:07 am

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.
 
DTWAGENT
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 8:11 am

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

Chuck
 
ASFlyer
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Sat Sep 02, 2006 8:28 am

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.
 
floridaflyboy
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 8:35 am

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!
 
USairways16BWI
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Sat Sep 02, 2006 8:49 am

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.
 
airbazar
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 8:57 am

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.
 
We're Nuts
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 9:49 am

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.
 
bennett123
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Sat Sep 02, 2006 10:03 am

Those who think that FA are dispensible presumably do not anticipate facing this situation themselves. Wink
 
MattRB
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Sat Sep 02, 2006 10:51 am

Quoting We're Nuts (Reply 24):
Please let me put your mind at ease: this flight is not operated by Northwest Airlines.

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-MSP.

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.

Oh please. That argument would hold a little more water if the FA union was playing chicken with their jobs only instead of those of the ENTIRE CORPORATION. What right do they have to do so? They had the chance to negotiate and they totally screwed themselves over. No one else did. Now they get to lay in the bed they've made. Too bad.

If they don't like it, they can find another job elsewhere.
Aviation is proof that given, the will, we have the capacity to achieve the impossible.
 
XFSUgimpLB41X
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 1:26 pm

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 give themselves more bonuses.

Now that they have negotiated and management has stonewalled them, they forced the (uneccessary) contract on them via 1113c. This goes outside of the Railway labor act and is beyond negotiations, yet they are not able to stand up for themselves b/c of some idiot judge.


And just to nitpick: YYZ-DTW and YYZ-MSP are both operated in large part by Airlink, though with certain mainline flights.


Edited: and by the way.... do you believe that the XJ pilots and such deserve 19% paycuts b/c their management with a guaranteed profit squanders the money away into a holdings company??

[Edited 2006-09-02 06:52:55]
Chicks dig winglets.
 
YYCowboy
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 2:02 pm

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 throw darts my way, I have thick skin. This thread somehow got wayyyy off topic. NWA allegedly posts a profit. I just can't imagine that. Its like finally being able to make the mortgage payment from earned income instead of putting it on visa. The last thing anyone should assume is that NW is free and clear and unions need to money grab.

Good lord, this historical and proud airline is in a world of hurt. Grasping at straws comes to mind.

Many billions need to flow into corporate coffers in order for it to be healthy upgrade and move forward. I can't imagine the creative accounting required to put on this brave face.

The United States airline industry is in a period or adjustment, and its a struggle, lots, no tons, of heart ache ahead.

A.Netters as armchair critics all have opinions. Mine is, the shit will hit the fan, as only Americans can do, they will beat each other up. When the dust settles, my resilient neighbours to the south will have re grouped, re organised, and move forward, the likes of which the world can only imagine.

For those of you that still value exquist first class pampering, rent a friggin jet. For the rest of us. Get me there, get me home. Its mass transit. Whats the longest leg in North America, 5 hours. I'll stop at subway and take it on board (maybe). I'm venting now. Pilots, Flight attendants, mechanics, ALL union suporters, you're employer cannot afford you. Skid the union and contract youre self out. You will be happier and can work on YOUR terms.

Whew. Blast away folks.
Its hard to soar like an eagle when you're flying with turkeys
 
NWDC10
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NW Post 101million Dollar Profit

Sat Sep 02, 2006 4:36 pm

Quoting SonOfACaptain (Reply 3):
Why do you say that? The industry is finally on the rebound.

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, the airlines don't have a furure. Eventually we must pay off our national debt and no telling how big it will get by the time Bush leaves His second term in Office. Robert NWDC10

http://www.timebomb2000.com/vb/showt...5c58a4f3d9529706afc1e813a&t=210264
PS: You can be "optimistic" all you want but "reality" is what counts.
 
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TVNWZ
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NW Post 101million Dollar Profit

Sun Sep 03, 2006 7:16 am

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

Unfortunately, they screwed themselves over.

Quoting 1rocco (Reply 15):
How long do think it will take for TVNWZ to rear his head to attack me??? Oh well if it makes him feel better..

Hey, 1rocco! How ya doing??  Smile

Quoting ASFlyer (Reply 20):
FA's aren't against cuts, they are against the magnitude of the cuts that management is imposing.

Then they should have supported the second tenative agreement negotiated by the second union they brought in.
 
ASFlyer
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NW Post 101million Dollar Profit

Sun Sep 03, 2006 8:54 am

Quoting TVNWZ (Reply 30):
Then they should have supported the second tenative agreement negotiated by the second union they brought in.

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 group - not the other way around. THIS union leadership seems to recognize that.

[Edited 2006-09-03 01:54:41]
 
MattRB
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NW Post 101million Dollar Profit

Sun Sep 03, 2006 9:20 am

Quoting XFSUgimpLB41X (Reply 27):
These profits were posted without the paycuts from the pilots and FA's! These scumbag managers are simply padding their pockets and going to give themselves more bonuses.

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 managers', I'd kindly ask you to keep the union kool-aid rhetoric to yourself.

Quoting XFSUgimpLB41X (Reply 27):
Now that they have negotiated and management has stonewalled them, they forced the (uneccessary) contract on them via 1113c. This goes outside of the Railway labor act and is beyond negotiations, yet they are not able to stand up for themselves b/c of some idiot judge.

The FAs screwed themselves over by keeping a weak team in charge and replacing them too late. They got a better contract with TA2 (I believe), but couldn't convince their membership to take it. They knew what the consequences were if they didn't agree and they got exactly what they were told was going to happen.

I don't have any sympathy in that regard.

The judge didn't rule they couldn't strike. The judge ruled he didn't have jurisdiction over the matter and passed it along up the judicial chain for someone higher up to decide.

Now, in this case, I think the union has a point and should be allowed to strike if NW is allowed to abrogate the RLA and impose a contract. That's only fair and common sense.

Quoting XFSUgimpLB41X (Reply 27):
And just to nitpick: YYZ-DTW and YYZ-MSP are both operated in large part by Airlink, though with certain mainline flights.

Um, not in the case of the DTW flights (however, yes, MSP is mostly operated by XJ (poor travellers):

DTW 625a 737a 1675 D95 X7 214
DTW 930a 1041a 1753 D9S X6 214
DTW 930a 1041a 1753 D9S 6 214
DTW 1110a 1221p 1507 D9S X6 214
DTW 1110a 1221p 1507 D95 6 214
DTW 1243p 157p 1505 D9S 214
DTW 430p 542p 1503 D95 214
Aviation is proof that given, the will, we have the capacity to achieve the impossible.
 
ASFlyer
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NW Post 101million Dollar Profit

Sun Sep 03, 2006 9:31 am

Quoting MattRB (Reply 32):
The FAs screwed themselves over by keeping a weak team in charge and replacing them too late. They got a better contract with TA2 (I believe), but couldn't convince their membership to take it. They knew what the consequences were if they didn't agree and they got exactly what they were told was going to happen.

I don't have any sympathy in that regard.

The judge didn't rule they couldn't strike. The judge ruled he didn't have jurisdiction over the matter and passed it along up the judicial chain for someone higher up to decide.

Now, in this case, I think the union has a point and should be allowed to strike if NW is allowed to abrogate the RLA and impose a contract. That's only fair and common sense.

Fair enough I would say.
 
AA767400
Posts: 1892
Joined: Tue Jan 23, 2001 2:04 am

RE: NW Post 101million Dollar Profit

Mon Sep 04, 2006 12:44 am

Quoting MattRB (Reply 17):
We just expect you to be there when we're thirsty or hungry or need a blanket and pillow.

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 to get you from anyone because pillows are gone and blankets are scarce.

So I guess the only thing you can get from them is a drink, and maybe that is questionable.

Quoting MattRB (Reply 17):
We don't see you as essential.

Who are you to judge what is essential and what is not? If they were not essential then there would be a Coke machine in the back of the plane.

Quoting MattRB (Reply 17):
We don't see you as highly qualified.

Most Flight Attendants have college degrees and still choose to do this great job.

Quoting MattRB (Reply 17):
Yours is not a glamourous job and we do not hold your position in high regard.

YOU do not hold it in high regard. In fact you really have disrespected anyone who is a Flight Attendant. Not all Flight Attendants are nasty,overpaid,Mcdonald workers like you say. The job IS glamorous in many countries, just not here in North America. Oh, and learn how to spell glamorous.  wink 

Quoting MattRB (Reply 17):
You're a McEmployee at FL350.

You need to step back and stop judging anyone. Who are you? What do you do? Stop generalizing about what being a Flight Attendant is about.

Quoting MattRB (Reply 17):
Being an FA is not a career anymore

Not in your country.

Yes the job is not as glamorous as it was in North America.

Yes Flight Attendants serve drinks.

Should you slander and belittle them? No!

And I am not speaking for what is going on at NW. I am stating your very negative attitude toward Flight Attendants.
"The low fares airline."
 
supa7E7
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RE: NW Post 101million Dollar Profit

Mon Sep 04, 2006 12:59 am

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 excellent waiter or waitress in a fine resturant (that's a career) or a hotel concierge (that's a career too). If you enjoy dealing with 100s of people every day, the FA job will give you that, and travel. It's releated to a long line of hospitality jobs, and they all have dignity, because there is a chance to help people, solve their problems. It's a high wire act, a form of theater... not a desk job.
"Who's to say spaceships aren't fine art?" - Phil Lesh
 
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TVNWZ
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RE: NW Post 101million Dollar Profit

Mon Sep 04, 2006 5:48 am

Quoting ASFlyer (Reply 33):
Fair enough I would say.

We agree! Go ahead and strike if you must. And the consequences will be yours.

Quoting AA767400 (Reply 34):
Quoting MattRB (Reply 17):
Being an FA is not a career anymore

Not in your country.

And, unfortunately, it is becoming not so much a career in this country as well. The economic dynamics of the business are turning the FA job into a part-time, service industry job. I think that is sad. But, it is reality, particularly, for failing airlines.

Quoting Supa7E7 (Reply 35):
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 excellent waiter or waitress in a fine resturant (that's a career) or a hotel concierge (that's a career too). If you enjoy dealing with 100s of people every day, the FA job will give you that, and travel. It's releated to a long line of hospitality jobs, and they all have dignity, because there is a chance to help people, solve their problems. It's a high wire act, a form of theater... not a desk job.

 yes   yes   yes 

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