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NxNW,
It is terrible for the individuals involved, but you have to open your eyes a little and recognize that this is a much needed thinning of the heard that will benefit the vast majority of the remaining industry employees. Whether you run a company or a nation you can't just worry about John Smith at 123 Main St all day...you have to think about how you maintain the greatest for the most. Letting two relatively weak carriers who are a small blip on the national scale succumb to a fate they both nearly faced not so long ago with oil at much lower prices may not be so bad.
Had Southwest not swooped in to prevent AirTran from buying ATA it is likely these people would still be employeed however that happened and here we are today. I disagreed with allowing that merger but the rest is nothing more than what happens to any poorly run business.
Who's next???? Virgin Am....Allegiant....Frontier...
Yahoo's Financial sheet show NWA as having 6Billion in GoodWill and 5Billion in Intangible Assets? What are those two items and they were not there before they when they were in BK.Alitalia...sadly. And then, whomever's balance sheet is requiring large payments of debt (that $100 dollar oil will prevent) along with a recession.
NW does not have to merge. It will not be merging just because it's management or BOD would like it to (enter Oberstar and 35,000 employees who say NO) nor will it be disappearing anytime soon. It's BEST of the legacies balance sheet will see to that.
Alitalia...sadly.
Yahoo's Financial sheet show NWA as having 6Billion in GoodWill and 5Billion in Intangible Assets? What are those two items and they were not there before they when they were in BK.
Learn profit margin/rps...Enterprise Value/EBITDA.
On subject: I hope FED EX has one damn good reason for doing this.
http://online.wsj.com/article/BT-CO-20080403-711731.html