What's new

US Pilots Labor Discussion

Status
Not open for further replies.
Well actually I do, the benefit of your knowledge is a penalty to anyone of even average intelligence!
Which you routinely demonstrate a lack of...

"restricted cash" due to high debt... :lol:
"attendance thing" at my retirement... :lol:

Yes, you routinely demonstrate a lack of understanding....

Jim
 
Which you routinely demonstrate a lack of...

"restricted cash" due to high debt... :lol:
"attendance thing" at my retirement... :lol:

Yes, you routinely demonstrate a lack of understanding....

Jim
Lack of "YOUR UNDERSTANDING" thanx for the complement! MM! Believe me JIMBO, I am not trying to make a monkey out of you, besides you deserve all your own credit! MM!
 
Well we haven't that is why DUI DOUG has $4billion in debt and will not be a player in any merger!! Were number 1 in the DEBT category, why do you think we have "RESTRICTED CASH"!
Please tell me you are just playing dumb and are not really this dumb.

Do you even understand what restricted cash is? You do understand that all airlines have restricted cash right? Even SWA.

From the latest 10K filing


Liquidity Position
We maintained our liquidity position during 2011 despite extraordinarily high fuel costs. As of December 31, 2011, our total cash, cash equivalents, investments in marketable securities and restricted cash was $2.31 billion, of which $365 million was restricted which was up slightly from $2.28 billion, of which $364 million was restricted as of December 31, 2010.

$365 million restricted on $2.31 Billion

This is why we have restricted cash. Every airline has this requirement. Read the LOA 93 grievance transcripts and figure out how much restricted cash a BK US Airways needed and why you were about to go away.
Long-term restricted cash primarily includes cash collateral to secure workers' compensation claims and credit card processing holdback requirements for advance ticket sales for which US Airways has not yet provided air transportation.
 
http://www.pbgc.gov/ JIM go to USAIRWAYS, call ask questions do the math whatever, RESTRICTED CASH? Long-term restricted cash primarily includes cash collateral to secure workers' compensation claims and credit card processing holdback requirements for advance ticket sales for which US Airways has not yet provided air transportation. As of December 31, 2010, our investments in marketable securities included $57 million of auction rate securities. During 2011 these investments were liquidated for proceeds of $52 million. See the notes to the consolidated financial statements included in Part II, Items 8A and 8B, respectively of this report for additional information on these transactions. 2012 Outlook
Looking forward it is difficult to predict the price of oil, the strength of the economy or the capacity actions of other airlines. Over the past few years we have taken significant actions to maintain capacity that is in line with demand, realign our network to focus on key markets, introduce new revenue streams, control costs and continue our commitment to exceptional operating reliability. We intend to continue to maintain our cost and capacity discipline in light of fuel prices, the state of the economy and general industry conditions.

a) The 2011 period consisted of $21 million in legal costs incurred in connection with the Delta Slot transaction and auction rate securities arbitration as well as $3 million in severance costs.

The 2010 period consisted of $6 million in non-cash charge related to the decline in value of certain spare parts, $5 million in aircraft costs related to capacity reductions and other net special
(NOT BAD GOT 60MIL for 21 MIL in legal costs, OUR BOY DUI DOUG!) At December 31, 2011, we had approximately $1.95 billion of gross NOLs to reduce future federal taxable income. All of our NOLs are expected to be available to reduce federal taxable income in the calendar year 2012. The NOLs expire during the years 2024 through 2031. Our net deferred tax assets, which include $1.87 billion of the NOLs, are subject to a full valuation allowance. We also had approximately $82 million of tax-effected state NOLs at December 31, 2011. At December 31, 2011, the federal and state valuation allowances were $347 million and $61 million, respectively. In accordance with generally accepted accounting principles, utilization of the NOLs will result in a corresponding decrease in the valuation allowance and offset our tax provision dollar for dollar.



--------------------------------------------------------------------------------
TEAM TEMPE IS ENRON FOR THE AIRLINE INDUSTRY!
 
Maybe breezy is counting on passing away young. Just like SS, there is a breakeven point before which one collects more by starting payments as early as possible. But beyond that point the loss incurred by taking benefits as early as possible builds up pretty quickly and the longer you live the bigger the loss gets (unlike the gain of starting early which is fixed).

I know two things - 1) I'm glad the max guarantee table didn't apply to me and 2) I could NOT in good conscience left my wife holding the bag with no benefit if I passed away first (but maybe breezy isn't married).

Jim




Tell us about your career and retirement, Jim. What? Captain most of your career and averaged $175k/yr over your whole career? Then retired with almost your full benefits, if not all of them? You probably did like Cpt H. Norton, helped sell LOA93 to the pilots to protect "your" retirement, then left within a month and never had to work under those rules.

Now you sit here and critisize you previous co-workers....real classy.

When I mentioned how the senior pilots in the East have stood by their friends and co-workers, funny, your name never crossed my mind. But, then you can't help it, you fit in more with the West boys and their greed, totally opposite of the class of the East group. I think I finally see where you are coming from and it's has nothing to do with the people you used to work with, it's just about you, eh?

But, hey, you're through the gauntlet and can proudly say, "I got mine!"

breeze
 
Ahh, the old fat cat weighs in.

Tell us about your career and retirement, Jim. What? Captain most of your career and averaged $175k/yr over your whole career? Then retired with almost your full benefits, if not all of them? You probably did like Cpt H. Norton, helped sell LOA93 to the pilots to protect "your" retirement, then left within a month and never had to work under those rules.

Now you sit here and critisize you previous co-workers....real classy.

When I mentioned how the senior pilots in the East have stood by their friends and co-workers, funny, your name never crossed my mind. But, then you can't help it, you fit in more with the West boys and their greed, totally opposite of the class of the East group. I think I finally see where you are coming from and it's has nothing to do with the people you used to work with, it's just about you, eh?

But, hey, you're through the gauntlet and can proudly say, "I got mine!"

breeze

Sell LOA93? You blaming someone else again?

Why is it you guys ended up giving more than the company's initial ask?
 
Profit sharing wasn't yours to give away. We had the leverage to get it.

You had no leverage to get parity.

Move...

Whatever fantasy you choose to entertain yourself with Move... knock yourself out. I've shown you in the contracts where I was right and you just can't handle it.... LOL!!!!!

Driver...
 
Status
Not open for further replies.

Latest posts

Back
Top