Continental Risks Inadequate Liquidity

[Hope777]

http://biz.yahoo.com/rb/050106/airlines_continental_1.html

 

[NewHampshire Black Bears]

http://biz.yahoo.com/rb/050106/airlines_continental_1.html

[post="236233"][/post]​

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I'm sure a "part" of this is designed to convince the CO employee to "bend over" for a $$$ "porkin'"

But the "rest of the story" is, that Gordo IS the best Bluffer in the poker game !!!!!!!!!!!!

I've been saying for some time now, that CO is nothing but a "house of $$$$ cards" !!!!!!!!

"Money talks, and BULL #### walks"

NH/BB's

 

[CALFLYBOY]

+++++++++++++++++++++++++++++++++++++++++++++++
I'm sure a "part" of this is designed to convince the CO employee to "bend over" for a $$$ "porkin'"

But the "rest of the story" is, that Gordo IS the best Bluffer in the poker game !!!!!!!!!!!!

I've been saying for some time now, that CO is nothing but a "house of $$$$ cards" !!!!!!!!

"Money talks, and BULL #### walks"

NH/BB's

[post="236559"][/post]​

You got that right! The company is really gonna start putting the screws to us to make us suck up to their concessionary demands. It started with that "good bye" letter sent our homes from Bethune last week. :angry:

 

[UAL_TECH]

You got that right! The company is really gonna start putting the screws to us to make us suck up to their concessionary demands. It started with that "good bye" letter sent our homes from Bethune last week. :angry:

[post="236606"][/post]​

Welcome to the 'concession stand' and get ready for the 'hose'!!!

Take Care,
B) UT

 

[Whadayano]

What has given CAL its edge under Gordon and team was, first, better work rules and lower wages than the other legacies; second, a good management who could restore the airlines operations, reputation, and fleet after the disaster of 'CAL Lite,' and finally a unique hub in Newark, the only NYC hub that smoothly handles both domestic and international by one airline. Houston is a solid hub but not unique versus Dallas. CAL's biggest issue is that they have no cushion after 2 bankruptcies--there is no extra assets to sell or mortgage, no more fat to be wrung out (at least compared to DAL and UAL, both rather bloated coming into the new millenium). Relative to their brethren (and counting LUV as an LCC, not a legacy airline), the folks at CAL should be able to do pretty well, at least comparatively, if they make this $500 mm concession. Thus I would go along. Of course if fuel stays over $40 or we get another terrorist attack using planes all bets are off but that's true for all the legacy airlines.

 

[Borescope]

Of course if fuel stays over $40 or we get another terrorist attack using planes all bets are off but that's true for all the legacy airlines.

[post="236915"][/post]​

It will be true for all airlines.

 

[bcp7]

If you are in a work group that has been historically underpaid compared to your peers at other airlines and have to work 20 or more days per year than they do to make that lesser income, you might not see it that way.
Continental employees not covered by union contracts have not had any raises since Sep 11, 2001. Factor in inflation and they`ve been getting a "lesser" of say 3% per year for four years, so effectively their pay has already been cut as much as 9%. Now the company is seeking pay cuts.
The cut that is being asked of my work group is 12%. Granted some of that will be in work rules and benefits. For example, all employees have lost 4 holidays per year. Most, if not all, employees have lost 5 days vacation starting 2006, as we earn our vacation days the prev year. We are under the old rules for vacation in 2005(except for the lost holidays, which most people try to use in conjunction with their vacations). For me, between losing holidays and vacation, that`s about a 4% loss. If they cut my pay by 8% or more, I`ll be making less than when I started four years ago.

 

[deltawatch]

Continental Air reports January loss
By Matt Andrejczak, MarketWatch

SAN FRANCISCO (MarketWatch) -- Losses are mounting at Continental Airlines. The Houston-based airline said in a regulatory filing late Friday that its January loss amounted to about $47 million -- more than $1.5 million per day.

The losses were softened by a gain on the contribution of ExpressJet Holdings shares to its defined pension plan. ExpressJet is the airline's main regional carrier.

Backing out that gain, Continental said it lost more than $3 million a day. The winter months are typically the leanest revenuewise for airlines.

 

[coolflyingfool]

If CO is really losing just $1.5 MM a day, that is less than $500 a flight. Why not offer BF/1st class upgrades for $100, no matter your fare. That would surely raise the needed money. Just a thought.

 

[mweiss]

Not necessarily. Offering the BF upgrades at $100 would result in more seats sold in coach with $100 upgrades. Net revenue impact would be negative.