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On 10/30/2002 10:52:27 AM autofixer wrote:
Crandall once said, Revenue is the key! This was at a time when U was shutting down APUs after a certain period of time and single engine taxiing,'ideas that fly'was in effect,etc. And you know what, Crandall was right. We can save, save and save and it won't matter at all in the larger scheme of things; U has to generate more revenue than it costs to operate. It really is as simple as that. A wise man once said,They key to success in business is simple; give your customers what they pay for and get payed what you are owed.
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autofixer, You and Mr. Crandal couldn't be more correct about the need to generate revenue...but to say that cutting out on stupid in-affective things won't help is nuts.
Example- If you have personal monthly expenses of say $1500...and your income is only $1400? You are $100 in the bucket per month.
Now, if you examine your budget , and rid yourself of un-necessary or less than prudent costs of even say $150 per month , you are now effectively Solvent..you may not be getting rich...but you are not upside down in terms of your debt to income ratio.
This example is of course a gross over-simplification of U's condition...but it's an easy to follow analogy of what needs to take place.
Certainly Dave and Crew need to be looking at the big issues...and beating the fire out of our Creditors for better terms , that are more in line with today's lending rates...This is an absolute given fact.
The marketing department needs to be exploring options to generate the much needed influx of revenue you mentioned too! , but if we as employee's can find measures to help take away from our horrible imbalance of expendatures? Then everything will come full circle , and we can return to being a financially viable company again.
Folks, We are in the shadows grasp...saying I can't or It won't , is not the awnser...The time to knuckle down and try to save the place is well past overdue...but we aren't done until we or the company officers admit defeat...and throw in the towel.
It's up to you folks..We can either try or quit? I think I would rather die trying to save this company....Than die without putting up a fight. How about you?