Temporary Injunction against USAPA filed today

[HPearlyretiree]

Listen wise arse, Tempe and the Sandcastle team of scary talent are in the WEST. So the mid level and Sr. People who left all that scary talent at 111 Rio Salada MOVED across the US to get away from the toxic management of US Airways.

I'd be real curious how you do better money wise.

Salado

Learn how to spell the words.

 

[Move2CLT]

Listen wise arse, Tempe and the Sandcastle team of scary talent are in the WEST. So the mid level and Sr. People who left all that scary talent at 111 Rio Salada MOVED across the US to get away from the toxic management of US Airways.

I'd be real curious how you do better money wise.

Aren't you being the wise ass leading with a baited question like that? Where do you get off even participating in this thread? You have no airline experience, no airline job, and only wish you were a pilot. So please, don't wise "arse" me after you put that crap of a question out there. What kind of response were you expecting?

And its "Salado" you dolt.

 

[BoeingBoy]

I'd be real curious how you do better money wise.

Pay is about more than pay rate. That doesn't mean Move2CLT makes more or less than his peer at Sprit, just that looking at the rate doesn't give the whole picture. Back at PI I'd fly a 4 day trip and get 27-28 hours of pay. I'd take a week of vacation and get paid 54-56 hours pay for the vacation and only work 1 4-day trip that month (26-27 days off). When I retired I'd fly a much harder (tiring) 4 day trip and get 20-22 hours of pay. I'd take a weeks vacation, have at most 13 days off and be paid 20-22 hours for for my week of vacation.

Jim

 

[SparrowHawk]

Salado

Learn how to spell the words.

Spelling aside the facts remain. Spirit pays pilots more, is run by former US East people and are due to double in fleet size.

Courtesy of www.spirit.com
Pro forma net income for the second quarter was $26.8 million, or $0.37 per diluted share. GAAP net income was $16.9 million, or $0.41 per diluted share.

 Operating income for the second quarter 2011 was $40.7 million, resulting in a 14.8% operating margin, excluding $3.5 million of unrealized fuel hedge losses and $2.3 million of special items. GAAP second quarter 2011 operating income was $34.9 million, resulting in a 12.7% operating margin.

 EBITDAR, excluding unrealized gains and losses and special items, for the second quarter 2011 was $71.5 million, resulting in an EBITDAR margin of 25.9%.

Impressive performance for a bunch of dumb assed easties. $24.8 Million of income from $508 Million in sales is a pretty damn impressive number compared to the bean counter brigade in Tempe. Oh and did I mention they pay their pilots better?

 

[HPearlyretiree]

Spelling aside the facts remain. Spirit pays pilots more, is run by former US East people and are due to double in fleet size.




Impressive performance for a bunch of dumb assed easties. $24.8 Million of income from $508 Million in sales is a pretty damn impressive number compared to the bean counter brigade in Tempe. Oh and did I mention they pay their pilots better?

It was cute enough watching you get yet another thing wrong all these times, but, honestly, do some diligence, it only furthers your reputation as a poseur who doesn't know much, but talks often.

The subject is not Spirit, is not Franke, never was. You lack focus.

 

[prechilill]

Spelling aside the facts remain. Spirit pays pilots more, is run by former US East people and are due to double in fleet size.




Impressive performance for a bunch of dumb assed easties. $24.8 Million of income from $508 Million in sales is a pretty damn impressive number compared to the bean counter brigade in Tempe. Oh and did I mention they pay their pilots better?

I thought you claimed the east was a huge money maker- are you changing your story again?

P.s. When did Bill Franke run USAirways?

 

[cleardirect]

I was told Dr. Lee's report did not take into account runway construction in CLT or weather. I truly don't know, but if it doesn't, it can't be very accurate.

Driver B)

Read the document. You were told wrong.

Because of the statistically significant increase in several measures of pilot behavior (isolated among its East pilots), the reliability of US Airways’ East operations has been adversely affected, imposing significant costs on the Company and causing substantial inconvenience for US Airways’ passengers. For example, a regression model controlling for daily weather variation and other factors, indicates that pilot actions since May 1st have added more than six minutes of delay (on average) to East mainline and Charlotte mainline flights. In aggregate, this has resulted in over 8,000 hours of East flight delays since May 1st. Moreover, when this model is applied to the Company’s West mainline and Express operations (those performed by US Airways’ regional carrier partners), no statistically significant change is found.

• A similar regression analysis (also controlling for weather and other factors) indicates that East pilot actions since May 1, 2011 have resulted in a nearly 11 percentage point degradation in the percentage of the Company’s East operations that arrived within 14 minutes of their scheduled arrival time (historically, approximately 79% of US Airways’ East flights arrived ontime by this metric). Put differently, this has resulted in over 8,000 additional East mainline flight delays since May 1st. In Charlotte, the impact has been even larger, at 12 percentage points (resulting in approximately 2,500 flight delays since May 1st). This metric, known throughout the industry as “A:14” is used by the U.S. Department of Transportation to compare on-time performance across carriers. Moreover, when this model is applied to the Company’s West mainline and Express operations, no statistically significant change is found.

• Moreover, a regression analysis (once again controlling for weather and other factors)

 

[BoeingBoy]

Read the document. You were told wrong.

For the runway closure, it's simple. Lee's initial report covered data through the week ending 7/26/11. In a follow-up report, he updated his conclusions with data through 8/13/11. The center runway closed on 8/15/11. So that had absolutely no influence on Lee's report.

Jim

 

[SparrowHawk]

I thought you claimed the east was a huge money maker- are you changing your story again?

P.s. When did Bill Franke run USAirways?

Bill Franke is the primary investor in Spirit and holds the title of Chairman as he always does with any of the airlines Indigo Partners has an interest in. He's cashed out and Spirit is debt free from the IPO. The day to day folks like CEO and such are mostly US. Many who made the transition from Rio Poop Steak Drive for the mid level positions. Repeat, Bill Franke was NEVER involved in the day to day operation of Spirit, merely an investor as he is in a great many things.

As for who makes money please review the 2006 Annual report and you not something like 75% of the profit came from East opperation when the books were still separate. At one point US was doing well enough to use a Billion Dollars in cash to buy back stock and attract Warren Buffet as an investor. Sadly Mr Buffet lost an incredible sum of money on US. Not sure of the time frame but others will know.

 

[BoeingBoy]

As for who makes money please review the 2006 Annual report and you not something like 75% of the profit came from East opperation when the books were still separate.

Actually more than that if you only look at the "headline numbers", SH. US Inc made a profit and AWA has a relatively small loss. However, look past the headline numbers and you can begin to understand why. At the end of 2005, after a few days more than one quarter's merged operations, AWA owed US Group, Inc, and various subsidiaries nearly $450 million - money that would have stayed at AWA & AWH absent the merger. At the end of 2006, that figure had ballooned to nearly $1 Billion (yes, with a "B"). That's a lot of money flowing out of AWA that either would have stayed or kept inhouse and gone to AWH prior to the merger.

Jim

 

[Move2CLT]

Actually more than that Bob. US Inc made a profit and AWA has a relatively small loss. However, look past the headline numbers and you can begin to understand why. At the end of 2005, after a few days more than one quarter's merged operations, AWA owed US Group, Inc, and various subsidiaries nearly $450 million - money that would have stayed at AWA & AWH absent the merger. At the end of 2006, that figure had ballooned to nearly $1 Billion (yes, with a "B"). That's a lot of money flowing out of AWA that either would have stayed or gone to AWH prior to the merger.

Jim

Thank you. Bob, I suggest you read that over a few times.

 

[BoeingBoy]

Thank you. SH, I suggest you read that over a few times.

psst - how about doing me a favor and changing "name" to SparrowHawk, SH, or whatever in your quote of my post. I slipped up but have corrected my post. Some time down the road with SH's approval I'll explain.

Thanks,

Jim

 

[SparrowHawk]

psst - how about doing me a favor and changing "name" to SparrowHawk, SH, or whatever in your quote of my post. I slipped up but have corrected my post. Some time down the road with SH's approval I'll explain.

Thanks,

Jim

You don't need my approval Jim, but since you asked, sure,

 

[Iclubbabyseals]

Actually more than that if you only look at the "headline numbers", SH. US Inc made a profit and AWA has a relatively small loss. However, look past the headline numbers and you can begin to understand why. At the end of 2005, after a few days more than one quarter's merged operations, AWA owed US Group, Inc, and various subsidiaries nearly $450 million - money that would have stayed at AWA & AWH absent the merger. At the end of 2006, that figure had ballooned to nearly $1 Billion (yes, with a "B"). That's a lot of money flowing out of AWA that either would have stayed or kept inhouse and gone to AWH prior to the merger.

Indeed. Now, where did all that money come from? Who bailed out A&W from their federal loan, because it was not them?

Sometimes "headlines" really do reflect the truth.

 

[BoeingBoy]

Indeed. Now, where did all that money come from? Who bailed out A&W from their federal loan, because it was not them?

Nobody - the "ASTB" loans were refinanced (that paid off the "ATSB" loans) and AWA carried it's share of the new debt until merging with US Inc when the debts were consolidated. You see, the ATSB only guaranteed the tranche A portion of the loans, the feds didn't lend money to either carrier. If you're gonna call someone on something, you really should know what you're talking about. Why do you think group borrowed more in the refinancing than both carriers owed on the "ATSB" loans. So there'd be enough left over to repurchase the warrants issued to the ATSB - largely by US. But AWA had ~1/3 of the debt on it's books.

You see, when most people talked about how much US or AWA made prior to the merger, they really were talking about how much US Group or AWH made, not the airline subsidiary. After the merger, it suddenly became "How much did East (US Inc) make and how much did AWA make". After the merger, the money that AWA paid to US Group/Inc was not discussed just like the money US Inc paid to US Group wasn't discussed prior to the merger.

Look at fuel hedges. Pre-merger US had no hedges while AWA was 50% hedged. After the merger, US Inc had the benefit of 2/3 of those hedges while AWA lost the benefit of that 2/3. Who paid AWA/AWH for those hedges? Nobody.

Same with res systems. AWA had it's cheaper QIK/Shares while US had the more expensive Sabre. After the merger, AWA paid more for reservation services than before while US Inc paid less.

Take gates/airport space - BOS for example. Before the merger, AWA paid for 1 gate (possibly paying another carrier for it's use). After the merger AWA paid for approximately 1/3 of the BOS gates (mostly used by US Inc). Did US Inc pay AWA for the use of those gates? No way Jose. Of course, the opposite occurred in the west where AWA had more flights than US Inc at common airports. But overall, AWA ended up paying more while US Inc paid less.

Jim