Beancounter
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- Jun 28, 2009
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Company is not able to show a loss, their profits are apparently out of control on the plus side, so, why do any of the flight attendants (much less any employee group) think "cost neutral" is a viable foundation for a contract?
Club,
I agree that cost neutral is not acceptable. You really should educate yourself however. Just hop on the government SEC site and look up US Airways(LCC) financial statements, better known as 10k. If you're not familiar with financial statements, some of it may look like gibberish, but look at the Statement of Cash Flows, it's relatively easy to read and is very important. Look at the operating section and you'll see we don't have a lot of money to play with. Want to dig deeper, look at the Balance sheet and how much debt we have. We should be paying it down, but can't afford to. While you're looking at the cash flows, check out how much we lost on fuel hedging a couple years ago, it's painfully. If anyone wonders why we don't fuel hedge they should check it out.
Bean