TorStar - AC has no business plan
Apr 10, 2003 | 8:41 am
#1
Original Poster
Join Date: Jan 2002
Location: CANADA
Programs: LH, BA, KE
Posts: 454
Apr 10, 2003 | 2:09 pm
#3
Join Date: Mar 2000
Location: YVR
Posts: 9,998
In fact, how could they not have a plan, in any case?
So, like, what the h*ll have they been doing for the last 6-12 months?
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Air Canada has no business plan for reorganizing the struggling airline despite demanding major concessions from its employees and won't have one until next month, creditors were told in a private meeting yesterday.</font>
Apr 10, 2003 | 4:14 pm
#4
Suspended
Join Date: Feb 2000
Posts: 5,305
Next he's going to blame the Easter bunny;
The mounting pressure on Air Canada's bottom line became more apparent yesterday when it released March traffic figures showing a sharp 10 per cent decline in revenue passenger miles from the same month a year ago.
"That decline was blamed on a host of factors, including the war in Iraq, the outbreak of Severe Acute Respiratory Syndrome and the timing of the popular Easter travel weekend, which falls in April this year instead of March."
I suppose the Santa is to blame for the lack of cargo traffic at christmas, how can AC compete with a guy that flies around the world delivering parcels for free.
The mounting pressure on Air Canada's bottom line became more apparent yesterday when it released March traffic figures showing a sharp 10 per cent decline in revenue passenger miles from the same month a year ago.
"That decline was blamed on a host of factors, including the war in Iraq, the outbreak of Severe Acute Respiratory Syndrome and the timing of the popular Easter travel weekend, which falls in April this year instead of March."
I suppose the Santa is to blame for the lack of cargo traffic at christmas, how can AC compete with a guy that flies around the world delivering parcels for free.
Apr 10, 2003 | 5:41 pm
#5
Join Date: Dec 2001
Location: YEG - No Particular Loyalty Anymore
Posts: 3,610
<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by mtacchi:
Next he's going to blame the Easter bunny;
The mounting pressure on Air Canada's bottom line became more apparent yesterday when it released March traffic figures showing a sharp 10 per cent decline in revenue passenger miles from the same month a year ago.
"That decline was blamed on a host of factors, including the war in Iraq, the outbreak of Severe Acute Respiratory Syndrome and the timing of the popular Easter travel weekend, which falls in April this year instead of March."
I suppose the Santa is to blame for the lack of cargo traffic at christmas, how can AC compete with a guy that flies around the world delivering parcels for free.</font>
Next he's going to blame the Easter bunny;
The mounting pressure on Air Canada's bottom line became more apparent yesterday when it released March traffic figures showing a sharp 10 per cent decline in revenue passenger miles from the same month a year ago.
"That decline was blamed on a host of factors, including the war in Iraq, the outbreak of Severe Acute Respiratory Syndrome and the timing of the popular Easter travel weekend, which falls in April this year instead of March."
I suppose the Santa is to blame for the lack of cargo traffic at christmas, how can AC compete with a guy that flies around the world delivering parcels for free.</font>
Apr 11, 2003 | 8:50 am
#7
Join Date: Jun 2000
Location: Toronto, Ontario, Canada
Posts: 393
I think if I was in charge, I would hold off presenting any plan until I had to. That way I could see what the inital reaction was to the filing and adjust accordingly. I would also want imput from the hotshots who were hired to renegotiate airplane leases before I presented anything. If this reasoning is correct, then I think there was a plan but there was no valid reason to present it before it was absolutely necessary.