Northwest Readies For Massive Expansion.
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SVQLBA said:
Even if UAL does breach the DIP covenants, I do not think there is much chance of the banks pulling their financing; there simply are not many places to put those assets. As was posted elsewhere, this will probably simply lead to the banks increasing the interest they are charging. Of course, the combined effects of increased fuel and interest charges will no doubt increase the pressure on United.
Pulling the thread back on topic.....
After this recall, how many NW F/A's will still be on furlough? What about the F/A's who took the volurtary leaves when recalls were made last year? Are they all coming back as well? What seniority does this recall go to?
After this recall, how many NW F/A's will still be on furlough? What about the F/A's who took the volurtary leaves when recalls were made last year? Are they all coming back as well? What seniority does this recall go to?
North by Northwest
Good news!!! So what do you think will be Big Red's first retalitory move? I would, at least, like to see NW start up the Detroit to Beijing and Seoul nontops followed by Shanghai and Hong Kong. We say we want to 'own' the midwest, but currently UAL is flying to Shanghai, Beijing and Hong Kong all nonstop from O'hare. These UAL passengers are accumulating beaucoup frequent flyer miles on UAL flying these routes and at some point it will be difficult to win these folks back. I have no doubt that NWA can do well on these routes as DTW is a much better airport to connect to/from than Ohare and the fact that NWA hasn't farmed out most of their domestic flying to the feeders chances are alot better that if you live in a place like SDF and wanted to go to Asia you would actually be riding on a real jet verses an RJ as you connect through DTW. So I think the NWA definitely has the advantage but we got to get in the game.
cheers
bigsky
Not a nonstop but a nice start.....
GUANGZHOU, China, Nov. 1 /PRNewswire-FirstCall/ -- Northwest Airlines (Nasdaq: NWAC - News) announced that today it began new passenger service from Guangzhou, China to its Tokyo hub.
Through Northwest's Tokyo hub, travelers are now able to make convenient, single connections between Guangzhou and eight U.S. cities including Detroit, Honolulu, Los Angeles, Minneapolis/St. Paul, New York-JFK, Portland, Ore., San Francisco and Seattle. Northwest and its partners offer additional connections to hundreds of cities worldwide through its WorldGateway at Detroit and Minneapolis/St. Paul hubs.
"Northwest is pleased to expand on its 57 years of experience serving Asia by providing our customers with convenient service to Guangzhou," said Fred Deschamps, vice president - Pacific operations, finance and administration. "Now 15 destinations strong, the Northwest network offers business and leisure travelers convenient service to more of the Asia/Pacific region than any other U.S. carrier."
Northwest's first flight from Guangzhou, the newest city in its global network, was also the first flight of a U.S. carrier to depart from the New Baiyun International Airport, China's most modern international airport. Flight 82 now operates daily except Thursday, departing Guangzhou at 7:50 a.m. and arriving in Tokyo at 1:05 p.m. Flight 81 from Tokyo to Guangzhou operates daily except Wednesday, departing Tokyo at 6:10 p.m. and arriving in Guangzhou at 10:35 p.m.
Northwest's new Guangzhou service is operated with a Boeing 757-200, with 20 seats in World Business Class and 162 seats in coach class.
Northwest also offers daily flights between its Tokyo hub and Beijing and Shanghai, China, in addition to its daily service to Hong Kong.
Northwest's new Guangzhou service is available for sale via the Internet at http://www.nwa.com , by calling Northwest Airlines International Reservations at 1-800-447-4747 or through travel agencies.
NORTHWEST SERVES MORE OF ASIA
Northwest offers service to more destinations in Asia, more flights to Japan and more flights within Asia than any other U.S. airline. The airline operates a hub from Terminal One at Tokyo's Narita Airport that connects the U.S. gateways of Detroit, Honolulu, Los Angeles, Minneapolis/St. Paul, New York-JFK, Portland, Ore., San Francisco and Seattle to key destinations such as Bangkok, Thailand; Beijing, Busan, South Korea; Guam, Guangzhou, Hong Kong, Manila, Philippines; Nagoya, Japan; Saipan, Seoul, South Korea; Shanghai and Singapore. Northwest also offers nonstop service from Detroit to Osaka, Japan with continuing service to Taipei, Taiwan, and from Detroit to Nagoya with continuing service to Manila, as well as nonstop service from Nagoya to Saipan.
Northwest Airlines is the world's fourth largest airline with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo, and Amsterdam, and approximately 1,500 daily departures. Northwest is a member of SkyTeam, a global airline alliance partnership with Aeromexico, Air France, Alitalia, Continental Airlines, CSA Czech Airlines, Delta Air Lines, KLM Royal Dutch Airlines, and Korean Air. SkyTeam offers customers one of the world's most extensive global networks. Northwest and its travel partners serve more than 900 cities in more than 160 countries on six continents. In 2003, consumers from throughout the world recognized Northwest's efforts to make travel easier. Northwest's WorldPerks program was named the most popular North American frequent flyer program by readers of TIME Asia in the 2003 TIME Readers' Travel Choice Awards. A 2003 J.D. Power and Associate study of airports ranked Minneapolis/St. Paul and Detroit, home to Northwest's two largest hubs, in second and fourth place among large domestic airports in overall customer satisfaction.
GUANGZHOU, China, Nov. 1 /PRNewswire-FirstCall/ -- Northwest Airlines (Nasdaq: NWAC - News) announced that today it began new passenger service from Guangzhou, China to its Tokyo hub.
Through Northwest's Tokyo hub, travelers are now able to make convenient, single connections between Guangzhou and eight U.S. cities including Detroit, Honolulu, Los Angeles, Minneapolis/St. Paul, New York-JFK, Portland, Ore., San Francisco and Seattle. Northwest and its partners offer additional connections to hundreds of cities worldwide through its WorldGateway at Detroit and Minneapolis/St. Paul hubs.
"Northwest is pleased to expand on its 57 years of experience serving Asia by providing our customers with convenient service to Guangzhou," said Fred Deschamps, vice president - Pacific operations, finance and administration. "Now 15 destinations strong, the Northwest network offers business and leisure travelers convenient service to more of the Asia/Pacific region than any other U.S. carrier."
Northwest's first flight from Guangzhou, the newest city in its global network, was also the first flight of a U.S. carrier to depart from the New Baiyun International Airport, China's most modern international airport. Flight 82 now operates daily except Thursday, departing Guangzhou at 7:50 a.m. and arriving in Tokyo at 1:05 p.m. Flight 81 from Tokyo to Guangzhou operates daily except Wednesday, departing Tokyo at 6:10 p.m. and arriving in Guangzhou at 10:35 p.m.
Northwest's new Guangzhou service is operated with a Boeing 757-200, with 20 seats in World Business Class and 162 seats in coach class.
Northwest also offers daily flights between its Tokyo hub and Beijing and Shanghai, China, in addition to its daily service to Hong Kong.
Northwest's new Guangzhou service is available for sale via the Internet at http://www.nwa.com , by calling Northwest Airlines International Reservations at 1-800-447-4747 or through travel agencies.
NORTHWEST SERVES MORE OF ASIA
Northwest offers service to more destinations in Asia, more flights to Japan and more flights within Asia than any other U.S. airline. The airline operates a hub from Terminal One at Tokyo's Narita Airport that connects the U.S. gateways of Detroit, Honolulu, Los Angeles, Minneapolis/St. Paul, New York-JFK, Portland, Ore., San Francisco and Seattle to key destinations such as Bangkok, Thailand; Beijing, Busan, South Korea; Guam, Guangzhou, Hong Kong, Manila, Philippines; Nagoya, Japan; Saipan, Seoul, South Korea; Shanghai and Singapore. Northwest also offers nonstop service from Detroit to Osaka, Japan with continuing service to Taipei, Taiwan, and from Detroit to Nagoya with continuing service to Manila, as well as nonstop service from Nagoya to Saipan.
Northwest Airlines is the world's fourth largest airline with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo, and Amsterdam, and approximately 1,500 daily departures. Northwest is a member of SkyTeam, a global airline alliance partnership with Aeromexico, Air France, Alitalia, Continental Airlines, CSA Czech Airlines, Delta Air Lines, KLM Royal Dutch Airlines, and Korean Air. SkyTeam offers customers one of the world's most extensive global networks. Northwest and its travel partners serve more than 900 cities in more than 160 countries on six continents. In 2003, consumers from throughout the world recognized Northwest's efforts to make travel easier. Northwest's WorldPerks program was named the most popular North American frequent flyer program by readers of TIME Asia in the 2003 TIME Readers' Travel Choice Awards. A 2003 J.D. Power and Associate study of airports ranked Minneapolis/St. Paul and Detroit, home to Northwest's two largest hubs, in second and fourth place among large domestic airports in overall customer satisfaction.
North by Northwest
Veteran
Indianapolis) - Filing for bankruptcy may protect ATA Airlines from creditors, but it won't protect the nation's 10th largest passenger carrier from its competition.
The financially beleaguered airline faced challenges on two fronts yesterday as rivals announced plans to expand in ATA's prime hubs at Indianapolis and Chicago's Midway Airport.
The expansion by Northwest Airlines would by February make it the number one carrier in ATA's home base of Indianapolis with 44 flights to 16 cities. That would mean ATA, which now offers 39 daily departures, would no longer be tops on its home turf.
Also yesterday, Southwest Airlines said it plans to add 16 nonstop flights early next year from Chicago's Midway Airport, which is currently ATA's primary hub. (I have mixed feelings about this expansion ...I feel bad for the fantastic employees of ATA. ATA is by far one of the best airlines flying. I hope they stick it out and make it through.
The financially beleaguered airline faced challenges on two fronts yesterday as rivals announced plans to expand in ATA's prime hubs at Indianapolis and Chicago's Midway Airport.
The expansion by Northwest Airlines would by February make it the number one carrier in ATA's home base of Indianapolis with 44 flights to 16 cities. That would mean ATA, which now offers 39 daily departures, would no longer be tops on its home turf.
Also yesterday, Southwest Airlines said it plans to add 16 nonstop flights early next year from Chicago's Midway Airport, which is currently ATA's primary hub. (I have mixed feelings about this expansion ...I feel bad for the fantastic employees of ATA. ATA is by far one of the best airlines flying. I hope they stick it out and make it through.
North by Northwest
Veteran
And THIS is the BIG MOUTH (with NO aviation experience) behind UNITED: Tilton decries United past
Previous leadership sent airline to bankruptcy, chief says
By Kelly Yamanouchi
Denver Post Staff Writer
United Airlines chief executive Glenn Tilton said that the company's past leadership lacked credibility and that bad decisions hurt the airline.
Speaking Friday at an American Bar Association forum on air and space law in Santa Monica, Calif., Tilton said United faced chronic problems in past years.
"Leadership lacked credibility, courage and had limited authority," Tilton said, according to a written copy of his remarks provided by the company.
He said current leadership is trying to restructure the airline through Chapter 11 bankruptcy and transform the company and its culture.
"Years of decisions based on expediency and the interests of disparate constituencies had a corrosive effect on the culture of United Airlines," Tilton said. "Cynicism and dysfunction permeated the workforce."
Tilton said the environment led to four CEO changes in five years and seven CEOs in 15 years. Tilton's recent predecessors include Jack Creighton, James Goodwin, Gerald Greenwald and Stephen Wolf.
In the past, "a bad decision multiplied itself many times over," Tilton said. "Multiple, unusual board committees made decisions hard to reach and actions hard to implement. Unpopular plans, even if appropriate, simply never left the table."
Darryl Jenkins, a professor at Embry-Riddle Aeronautical University, said he agrees the company has had problems with decision-making.
Tilton said the company has a restructuring strategy, has improved the board structure and is "in a much better position to bring fresh ideas, renewed credibility and greater accountability to the company."
However, Jenkins said, "I haven't seen them make the tough decisions yet."
Although Tilton wants to change United's culture, "the only way you can really transform the culture of a company is to fire the top 200 people," Jenkins said.
"They've been in bankruptcy for a long time, and they still don't have a plan (of reorganization) ready," Jenkins said. "He needs to be careful where he's pointing his fingers right now, because a lot of this is under his leadership."
Previous leadership sent airline to bankruptcy, chief says
By Kelly Yamanouchi
Denver Post Staff Writer
United Airlines chief executive Glenn Tilton said that the company's past leadership lacked credibility and that bad decisions hurt the airline.
Speaking Friday at an American Bar Association forum on air and space law in Santa Monica, Calif., Tilton said United faced chronic problems in past years.
"Leadership lacked credibility, courage and had limited authority," Tilton said, according to a written copy of his remarks provided by the company.
He said current leadership is trying to restructure the airline through Chapter 11 bankruptcy and transform the company and its culture.
"Years of decisions based on expediency and the interests of disparate constituencies had a corrosive effect on the culture of United Airlines," Tilton said. "Cynicism and dysfunction permeated the workforce."
Tilton said the environment led to four CEO changes in five years and seven CEOs in 15 years. Tilton's recent predecessors include Jack Creighton, James Goodwin, Gerald Greenwald and Stephen Wolf.
In the past, "a bad decision multiplied itself many times over," Tilton said. "Multiple, unusual board committees made decisions hard to reach and actions hard to implement. Unpopular plans, even if appropriate, simply never left the table."
Darryl Jenkins, a professor at Embry-Riddle Aeronautical University, said he agrees the company has had problems with decision-making.
Tilton said the company has a restructuring strategy, has improved the board structure and is "in a much better position to bring fresh ideas, renewed credibility and greater accountability to the company."
However, Jenkins said, "I haven't seen them make the tough decisions yet."
Although Tilton wants to change United's culture, "the only way you can really transform the culture of a company is to fire the top 200 people," Jenkins said.
"They've been in bankruptcy for a long time, and they still don't have a plan (of reorganization) ready," Jenkins said. "He needs to be careful where he's pointing his fingers right now, because a lot of this is under his leadership."
Yes, Tilton is in way over his head. He is a rational businessman trying to run a business in an irrational industry. It is easy to point fingers at previous management teams to cover your own short-comings. Tilton does not have the medicine for UAL's ills.
C54Capt
Agreed. A good example of this is when UAL needed to cut costs, they blamed the employees and came to them first to make the cuts and then forced the pilots into signing the worst contract in history. Can you say eighteen to twenty days a month on the road if you're a Busdriver or Guppy pilot? Can you say unhappy emloyees? Way to go Tilton!!! Nice leadership.
At NWA, the story was quite diffrent. NWA management cut non labor costs first and then came to labor after there was virtually no more non labor cuts to make. Made quite an impression on the troops. BTW, the pilots TA at NWA is actually not too bad of a deal. One yes vote here.
In the end, happy employees make for a smoother operation and a company that it difficult to compete with. Good luck.
cheers
bigsky
Agreed. A good example of this is when UAL needed to cut costs, they blamed the employees and came to them first to make the cuts and then forced the pilots into signing the worst contract in history. Can you say eighteen to twenty days a month on the road if you're a Busdriver or Guppy pilot? Can you say unhappy emloyees? Way to go Tilton!!! Nice leadership.
At NWA, the story was quite diffrent. NWA management cut non labor costs first and then came to labor after there was virtually no more non labor cuts to make. Made quite an impression on the troops. BTW, the pilots TA at NWA is actually not too bad of a deal. One yes vote here.
In the end, happy employees make for a smoother operation and a company that it difficult to compete with. Good luck.
cheers
bigsky
Another fine example of Tilton leadership. Think happy thoughts.
Markets : Ross Snel
UAL Wants to Nix Pension Plans
By Ross Snel
TheStreet.com Staff Reporter
11/5/2004 10:22 AM EST
Click here for more stories by Ross Snel
United Airlines parent UAL Corp. (UALAQ:OTC BB - commentary - research) is seeking to cancel its employee pension plans as part of a new cost-cutting package totaling $2 billion a year.
The savings, which would come on top of $5 billion in annual savings United expects to have in place by next year, are designed to help the carrier emerge from Chapter 11 bankruptcy protection. If successful, United's plan would send tremors through the ranks of other network carriers who might be forced to seek additional labor concessions to compete with a leaner, meaner United.
In a message to employees last night, Glenn Tilton, United's chief executive, told employees that one-third of the $2 billion in savings would come from terminating and replacing the company's defined benefits pension plans. Another third would come from non-labor cost reductions, and a final third would be from other labor concessions. As part of the efforts, Tilton said he and seven executives who report directly to him would together take pay cuts of 15% beginning Jan. 1.
"Within this industry, with all the many challenges that every company faces, we have a better opportunity for success than many, many others," Tilton said in the message. "To take that opportunity, to be successful and to have a future, we together have to meet these challenges today, as difficult as they may be. I know how hard this is for everyone."
A United spokeswoman said the airline would seek to achieve the savings through consensual agreements with its unions. Should negotiations fail, however, the airline is preparing to file a motion in the United States Bankruptcy Court for the Northern District of Illinois to schedule hearings where United could request the judge to cancel its labor contracts under Section 1113 of the federal bankruptcy code.
Markets : Ross Snel
UAL Wants to Nix Pension Plans
By Ross Snel
TheStreet.com Staff Reporter
11/5/2004 10:22 AM EST
Click here for more stories by Ross Snel
United Airlines parent UAL Corp. (UALAQ:OTC BB - commentary - research) is seeking to cancel its employee pension plans as part of a new cost-cutting package totaling $2 billion a year.
The savings, which would come on top of $5 billion in annual savings United expects to have in place by next year, are designed to help the carrier emerge from Chapter 11 bankruptcy protection. If successful, United's plan would send tremors through the ranks of other network carriers who might be forced to seek additional labor concessions to compete with a leaner, meaner United.
In a message to employees last night, Glenn Tilton, United's chief executive, told employees that one-third of the $2 billion in savings would come from terminating and replacing the company's defined benefits pension plans. Another third would come from non-labor cost reductions, and a final third would be from other labor concessions. As part of the efforts, Tilton said he and seven executives who report directly to him would together take pay cuts of 15% beginning Jan. 1.
"Within this industry, with all the many challenges that every company faces, we have a better opportunity for success than many, many others," Tilton said in the message. "To take that opportunity, to be successful and to have a future, we together have to meet these challenges today, as difficult as they may be. I know how hard this is for everyone."
A United spokeswoman said the airline would seek to achieve the savings through consensual agreements with its unions. Should negotiations fail, however, the airline is preparing to file a motion in the United States Bankruptcy Court for the Northern District of Illinois to schedule hearings where United could request the judge to cancel its labor contracts under Section 1113 of the federal bankruptcy code.
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boeing787 said:Red Tails make nice targets for Blue Tails. Were gonna eat your lunch in the Pacific! 😛 😀
[post="198620"][/post]
I am deleting my post. I do not want to descend into the pointless, emotion- (as opposed to fact-) driven war of words this thread has unfortunately become.
