wldtrvlr

No I don't think they will cut Memphis. The article is talking about Mechanics that are EMPLOYED directly by NW. NW will still have mechancis at other airports, but they will be employed by third party vendors, such as Swissair, or other airlines. I imagine since FedEx's Headquarters is at the MEM airport NW has either contracted FEDEX, or Mesaba or Pinnacle to do the Maintance on the few mainline planes that still fly there. Airlink companies have their own mechanics and NW's approach at MEM is to use the two Airlink companies as much as possible.

I think at all the satelite sites NW has hired other airlines or other third party vendors to do their work. Even though DL de-hubbed DFW they still have a presence and they share the terminal with NW, I have heard that NW hired DL to do the MX on its planes at DFW.

Donna49

I have an ECV worth just over $200, and I'm begining to wonder if I should use it before a chp 11 filing.....like right now.

I'm don't know much about chp 11, but I always hear that the creditors take a hit. With an ECV, am I a creditor of NW, and does that place the value of my ECV at risk?

respectable_man

...depends how you count.
By revenue, NW is #4 in US-based carriers, and 5th or 6th in the world: certainly behind AA, UA, DL and AF-KLM, and possibly behind BA or LH (not sure at all!).
By passengers flown, #5 in US as I believe Southwest moved more passengers within the US than NW did.
It is also possible to count by passenger-mile, number of pilots etc.

mnredfox

Ooooo, maybe Southwest or Jet Blue will buy them out.

dave_261

As long as NW is flying, you'll be able to use it. In theory, all of us with miles in the bank are creditors too, and history shows we'll be able to use them no differently as before a potential filing.

otralot

I think NW has seen, and learned from, the approach US and UA have taken in BR. That doesn't mean that they go in with risks of never coming out. With fuel at current levels and unlikely to return to anywhere near what their business model is based on, going inot BR will allow them to speed up the changes they need to make to decrease costs. Will we lose some routes and see frequency changes, probably. There certainly aren't many more service cuts to be made....

CloudsBelow

I'm not a mgmt guy. I have been a casual observer on the NWAC sell off. Just wanted to point out that while millions were sold off at $6-11, there are millions still held at $1.57. Executives get a lot of stock options in lieu of straight payouts. They affix a "dollar in hand" amount to those options while negotiating compensation. I'm sure they were not thinkning of shares in the $1.50 range when accepting the option offer. Nothing worse than riding stocks down the drain ... I was once positioned in large Telcos and IT, look where that ended - I've been there.

missterious9

if they file BK

rwill11

NW will be bankrupt today after market closes. I feel sorry for the nuts that bought stock today.

negotiator

Check out the following post (go to post #3)

http://www.flyertalk.com/forum/showthread.php?t=471756

Cheers

yogimax

My Oh My - it was just a few weeks ago that some were touting NW stock as the next Microsoft. It's actually a good lesson. Never listen to investment advice given on bbs, be it this one or yahoo.

bk42

Nothing.

travelnutz

And how does this thread differ from the earlier ones touting NW stock as Microsoft?

xFF

When the board meeting is over, and the lawyers go to court, then it is. AFAIK, it ain't yet.

I don't feel sorry for them; they're betting on the dead-cat-bounce. I feel sorry for those who bought in late August, at over 5. That is, unless the reason for their buying was euphoria over the success of NWA against the union, which would have to count as a classic case of "doing the wrong thing for the wrong reasons".

bk42

I guess that's certainly possible, hire vendors to do only the basic maintenance in MEM. The more serious maintenance would go to DLH, MSP or DTW, and the heaviest stuff being outsourced.