Tuesday, November 29, 2011

Sad day for us.....

So here are my thoughts, my own personal view: It had to be done. We were the only airline to not file chapter 11. Now the thought of all we have given up over the past 10 years to prevent this day, while the executives continued to reward themselves with millions in bonuses sickens me. But this filing had to be done. We must get our cost in line to compete with the other carriers and move past this rut. Now within 18month (by law) when we emerge a new airline, we hopefully will start making profits which in turn will create more growth. The difference between us and them, is we have a lot of cash (billions) of it going into chapter 11 and we will not have to borrow at very high interest rates. In the end we will come out leaner and stronger and be a more efficient company. But at what expense? That's the hard part to swallow. Base closing, pay cuts , lay offs. Those are the sad and painful parts of chapter 11. The courts don't care, who they hurt only to make the company profitable again. For me personally, I don't think I need to worry about being laid off, as far as Boston closing, who knows. It may just be the excuse and the push we have been waiting for to get us back to the west coast. It won't be easy over the next 18 months, but it is what it is. I can go to work every day and be miserable or a can make the best of what I have now, for as long as I have it. I have a roof over my head, good health, loving spouse, family and friends. Life is still good for me!


1 comment:

Dad said...

Good words Son, I'm proud of you! We will all be there by your side, whatever, whenever.

Love, Dad