Chip Munn said:
In fact, when I said the news inside of ALPA EF&A was that United was close to violating the DIP financing agreement, not to mention when Daune Woerth told the US Airways MEC the same thing, you and others strongly criticized me.
... the word is United will have to termiante at least the pilots pension plan and maybe other employee groups as well, if the company is going to emerge.
Welcome back Chip. I see you conveniently avoided answering some direct questions in regard to some of your incorrect statements on another thread.
Here we go again. It's amazing how you twist the facts to fit your unique view of the world.
Let me clarify some facts for you and those that are still following this saga:
Your comments about UA violating DIP covenants and your quote of Duane Woerth came well
AFTER the fact. When you made those statements, it was
AFTER the period when UA thought it was in danger,
AFTER UA said it would stay in BK until '04, and
AFTER UA's revenue picture started it's dramatic turn around. So please don't try to now fool everyone into thinking you are some great analyst with keen insight and reliable sources. What you are actually doing is refering to ANOTHER instance that you were wrong. (Of course you will never admit that.)
Secondly, It was me who clarified for all that UA's initial desire to emerge by December '03 was not the good news many thought it was, and that staying in BK until '04 was actually preferable, for the very reasons that were recently disclosed in court. Gee... how can that be? So don't try to steal credit for that either.
Thirdly, you have once again made statements about UA's pension situation that you know nothing about. JUST SO EVERY ONE IS CLEAR ON THIS: There has been no indication that UA will terminate any pension plans. Chip stop trying to spread fear into the employees of UA, the way you do to your own fellow employees. It's no wonder you are so disliked by your co-workers. Show us
ONE credible source for your claim. Just ONE. (And I don't mean some newspaper article, or one of your consistently wrong usual sources.) How about someone inside United.
Fourthly, don't you understand sarcasm? The comment I made about "public consumption" was intended to show what a hypocrit you sound like when applying one standard to UA and another to US.
Finally, why won't you respond to the question about how you and your sources were SO WRONG in predicting that UA would lose $400 Million in Q4
not including banckruptcy costs? You tried to avoid that by quoting #'s that did include BK costs. But when we pointed out your
exact words, you suddenly dropped the subject. Are you afraid it might prove how often you and your sorces are wrong?
Hmmmmmm.....
To all the other fine USAir folks:
I'm sorry that one of your captains is so obsessed with this topic. As long as he continues his attempts to spread his misinformation, there are those of us who feel obligated to refute him.
Happy Thanksgiving to all!