- Feb 15, 2006
- 3,244
- 274
Delta airlines , ripe for the plucking ?
Incompetent management , bad business fundamentals, no unions ? Sounds like delta to me , and I’m betting right now that the investors over at delta are wishing they had accepted the offer made by us airways way back when .
Now the times have changed , oils higher and the united states economy is falling , yet delta still can’t compete in the airline industry , why ? Inept management that has no future vision and responds to current events too slowly or is still using 1970 play books . Fuel prices going too high ? Park planes and offer buyouts !
When delta exited bankruptcy on April 30 , 2007 their stock was valued at 20.00 dollars a share , now just look at them , a 50% percent fall in share price in not even a year’s time ! Even after delta’s management finally realized that airline consolidation wasn’t just their answer it was going to be their only salvation , they can’t make it work with northwest because their too timid and unimaginative ,Not to mention that the two airlines route structure was going to be a poor match to begin with .
Us airways should now consider another hostile takeover of delta , and this time we will secure them for pennies on the dollar compared to what we offered before .The stock holders of the new company having been assured by Gerald Grinstein that the future would be bright are now left holding half of what they had previously invested , and where is MR Grinstein ? Nowhere to be found .
With deltas non unionized work force , serious cost savings can be made in any future merger as far as consolidation goes . Two work forces at one airport when only one is needed ? bye bye see ya ! Painless and cost effective , too many flight attendants in a world of shrinking routes ? Not anymore , enjoy your new non airline career ! Ruthless , maybe , but will such actions ensure the survival AND success of the new airlines ? Absolutely !
Got bored and decided to write this
Incompetent management , bad business fundamentals, no unions ? Sounds like delta to me , and I’m betting right now that the investors over at delta are wishing they had accepted the offer made by us airways way back when .
Now the times have changed , oils higher and the united states economy is falling , yet delta still can’t compete in the airline industry , why ? Inept management that has no future vision and responds to current events too slowly or is still using 1970 play books . Fuel prices going too high ? Park planes and offer buyouts !
When delta exited bankruptcy on April 30 , 2007 their stock was valued at 20.00 dollars a share , now just look at them , a 50% percent fall in share price in not even a year’s time ! Even after delta’s management finally realized that airline consolidation wasn’t just their answer it was going to be their only salvation , they can’t make it work with northwest because their too timid and unimaginative ,Not to mention that the two airlines route structure was going to be a poor match to begin with .
Us airways should now consider another hostile takeover of delta , and this time we will secure them for pennies on the dollar compared to what we offered before .The stock holders of the new company having been assured by Gerald Grinstein that the future would be bright are now left holding half of what they had previously invested , and where is MR Grinstein ? Nowhere to be found .
With deltas non unionized work force , serious cost savings can be made in any future merger as far as consolidation goes . Two work forces at one airport when only one is needed ? bye bye see ya ! Painless and cost effective , too many flight attendants in a world of shrinking routes ? Not anymore , enjoy your new non airline career ! Ruthless , maybe , but will such actions ensure the survival AND success of the new airlines ? Absolutely !
Got bored and decided to write this
