"Delta shares nosedive on Ch. 11 fears"

951fan · July 27th, 2005, 20:03

http://money.cnn.com/2005/07/27/news...ex.htm?cnn=yes Umm, this can't be good, but thank your lucky stars you have that guaranteed interview. Do they specifiy if it's a pilot position interview in all their fluff? (thick sarcasm) For those that are thinking about going to DCA, please give it much thought and read through these forums, for much of what is said is fairly accurate from my experience. Is this a company you want to risk $65-$90k of your hard earned money on, or any amount to be honest? I wouldn't even buy a $3 share. I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently etc etc. But I know I wouldn't want to test it out. Save yourself the pain and ask around, find a good reputable fbo and instructor locally and enjoy yourself. For it's not IF Delta will file for bankruptcy, it's when, and by the sound of their own CEO, it ain't too far away.

Doug Taylor · July 27th, 2005, 20:15

I'm not quite sure how that was spun into a DCA thread, but there's really no new information.

As long as they're in DC asking for pension reform and wrestling with creditors, you're certainly not going to hear anything positive.

Interesting first post, BTW.

DE727UPS · July 28th, 2005, 01:51

"I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently"

But I thought "being owned by Delta makes all the difference"....

Guess they may have to change that.

tomahawk1 · July 28th, 2005, 20:47

Even if Delta does go bankrupt, it is not going to affect the academy. The academy bairly makes up 1 % if Delta's day to day operations as an entity. There is no direct profit sharing between the two companies. The Academy can stand alone and has stood alone. Take for example when it was owned by Comair. Comair shut down its operations completely for almost 4 months while their pilots' were on strike. The academy continued to operate and place its graduates with 9 different airlines and develop contracts with those airlines. Thus, that is how it became Delta Connection Academy. Even if Delta does file for Bankruptsy, they are not going out of business. i.e. United, US Air, ATA, Independence, yada yada yada. They are all Bankrupt and still flying and so are their subsidiaries........AYE!! I wish people took some business classes in college!! OR maybe stayed awake during those boring lecture in economics.

951fan · July 28th, 2005, 22:55

[ QUOTE ]
Even if Delta does go bankrupt, it is not going to affect the academy. The academy bairly makes up 1 % if Delta's day to day operations as an entity. There is no direct profit sharing between the two companies. The Academy can stand alone and has stood alone. Take for example when it was owned by Comair. Comair shut down its operations completely for almost 4 months while their pilots' were on strike. The academy continued to operate and place its graduates with 9 different airlines and develop contracts with those airlines. Thus, that is how it became Delta Connection Academy. Even if Delta does file for Bankruptsy, they are not going out of business. i.e. United, US Air, ATA, Independence, yada yada yada. They are all Bankrupt and still flying and so are their subsidiaries........AYE!! I wish people took some business classes in college!! OR maybe stayed awake during those boring lecture in economics.

[/ QUOTE ]

Oh boy, where do I start? tomahawk1, let's start with your first statement "Even if Delta does go bankrupt, it is not going to affect the academy." Really, it's not? So when they do file, and people are looking to go to flight school, Delta Connection Academy is going to be on the top of everyone's list? Don't you think they might run into some enrollment issues? I'm not saying they'll go out of business, but to say it won't affect them is, well, absurd. Why would anyone in their right mind risk that kind of money with a company who has filed for bankruptcy and may not have a pilot position for them when they graduate, or maybe even as a CFI at the school? I guess you're right, I did miss the part in Econ 101 where they recommend investing in bankrupt companies (Can you post your notes from that lecture on here please?). Again, I'm not saying DCA or Delta Airlines wil stop flying, or will go out of business, but you mention 4 or so examples of airlines that are in that position, but do we honestly need to list the all of the unfortunate ones that weren't so lucky? To reiterate my point, I'm just trying to warn prospective (maybe even current) students from making a huge financial mistake. It was discouraging as a student there, flying with 23 year old instructors that were up to their eyeballs with $120k in debt (not all training debt), working secret jobs on the side so they can eat, and still have 1-2 years of instructing left (at $10/hr) to meet the obligation of DCA for their guaranteed interview. There are so many other factors involving bankruptcy that we don't need to get into, at least in this thread. Again, just trying to prevent the demise of some fellow aspiring pilots. PS I think you may have missed the English class when they taught how to spell, "Bankruptsy", nice.

PhilosopherPilot · July 28th, 2005, 23:04

[ QUOTE ]
Even if Delta does go bankrupt, it is not going to affect the academy. The academy bairly makes up 1 % if Delta's day to day operations as an entity. There is no direct profit sharing between the two companies. The Academy can stand alone and has stood alone. Take for example when it was owned by Comair. Comair shut down its operations completely for almost 4 months while their pilots' were on strike. The academy continued to operate and place its graduates with 9 different airlines and develop contracts with those airlines. Thus, that is how it became Delta Connection Academy. Even if Delta does file for Bankruptsy, they are not going out of business. i.e. United, US Air, ATA, Independence, yada yada yada. They are all Bankrupt and still flying and so are their subsidiaries........AYE!! I wish people took some business classes in college!! OR maybe stayed awake during those boring lecture in economics.

[/ QUOTE ]

[Grammar Comment]

"The academy bairly makes up 1 % if Delta's day to day operations as an entity."
"Even if Delta does file for Bankruptsy..."

"AYE!! I wish people took some business classes in college!!"

I personally wish some people would take an English class in college, but that's just me.

G

[/Grammar Comment]

For once though, I'm on Comair Academy's side here. Delta's financial problems will not likely immediately interfere with the hiring of the wholly owned subsidiaries such as ASA and Comair. Of course, should those subsidiaries get sold off, that might throw a wrench in the machine, but that is a worry for later.

By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy.

G

dcapilot · July 29th, 2005, 01:12

951....not really sure what you mean by "working secret jobs"....I am a flight instructor at DCA and I work another job and haven't had to make it secret at all! I work at a restaurant in town and have served several members of DCA management on many occasions.

On another note, every instructor that works at DCA knew WAY before they even became students that if you work as a CFI at DCA you will make $10/hour. It really gripes me when I hear people talking about that like they are surprised! If you don't like it, don't do it!

951fan · July 29th, 2005, 02:24

[ QUOTE ]

951....not really sure what you mean by "working secret jobs"....I am a flight instructor at DCA and I work another job and haven't had to make it secret at all! I work at a restaurant in town and have served several members of DCA management on many occasions.

On another note, every instructor that works at DCA knew WAY before they even became students that if you work as a CFI at DCA you will make $10/hour. It really gripes me when I hear people talking about that like they are surprised! If you don't like it, don't do it!

[/ QUOTE ]

dcapilot, I suppose things may have changed, or maybe I'm flat out wrong, but when I spoke with my admissions counselor, he told me full-time 141 students will not have time for a job (agreed) and the CFI's are not allowed to work anywhere else while employed by DCA. This is to prevent scheduling conflicts since the schedules are prepared daily. This kind of makes sense since my instructor cancelled on me a few times, asked ME to call in sick (even though I was in the ops building filling out the weight/balance sheet for our flight) because he said he had to work at his "other job". He felt bad about it (and I felt bad for him), and asked that I not say anything because "we're not supposed to have other jobs while we're instructing". Now that I'm writing this, it might be that management has become very "loose" on their own written policies (to keep people from leaving). For I seem to remember some leave of absence rules broken by a few 141 students (including myself) with no recourse or even mention of being "let go". And if you're an instructor there, you know what I mean (aka 8 month 141 students, not foreign, still working on instrument rating). As far as the $10/hour pay goes, you are right, I did know about it, and like you, I was prepared to make the sacrifice in exchange for what I thought would be the best training money could buy, boy was I wrong. I'm not trying to turn this into a DCA flame war, but if we need to get into some of the tomfoolery that goes on there, we can. So yes, I did follow your advice, I didn't like it, so I didn't do it.

DE727UPS · July 29th, 2005, 03:36

"By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy."

Well...I guess being owned by Delta DIDN'T make all the difference for you.

DE727UPS · July 29th, 2005, 03:38

"I'm not trying to turn this into a DCA flame war, but if we need to get into some of the tomfoolery that goes on there, we can."

Let er' rip, dude.....Jetcareers is all ears?

Pirep · July 29th, 2005, 03:53

Wow, glad to see things are back to normal in this forum. It was getting too quiet in here. I was beginning to think people were actually getting other hobbies.

tomahawk1 · July 29th, 2005, 11:07

First off, I'd like to thank everyone who had to correct my 2 mistakes in my post and not the substance of what I said.

It truly is indicative of the factual information that people get from this forum. It truly teaches you all the facts about the industry in a very postitive, informative, constructive manner.

But I digress. I can see how the name of the academy would affect some people who are not really knowledgeable about the industry to keep from going there because of the bad publicity Delta and others get. There is, however, a need for pilots and that will keep the academy going regardless of their name. However, people who do research will see that the Academy is not going away. They have changed names once and if something happens where Delta (GOD Forbid) does shut down, they can change names again. You said you did not want people to invest their money in a company that is going bankrupt. Correct me if I'm wrong, I did give you a list of 4 airlines that are bankrupt: Aren't people still buying tickets and filling those planes??? Aren't they still advertising and enrolling people in frequent flyer programs???

951fan · July 29th, 2005, 13:23

[ QUOTE ]
First off, I'd like to thank everyone who had to correct my 2 mistakes in my post and not the substance of what I said.

It truly is indicative of the factual information that people get from this forum. It truly teaches you all the facts about the industry in a very postitive, informative, constructive manner.

But I digress. I can see how the name of the academy would affect some people who are not really knowledgeable about the industry to keep from going there because of the bad publicity Delta and others get. There is, however, a need for pilots and that will keep the academy going regardless of their name. However, people who do research will see that the Academy is not going away. They have changed names once and if something happens where Delta (GOD Forbid) does shut down, they can change names again. You said you did not want people to invest their money in a company that is going bankrupt. Correct me if I'm wrong, I did give you a list of 4 airlines that are bankrupt: Aren't people still buying tickets and filling those planes??? Aren't they still advertising and enrolling people in frequent flyer programs???

[/ QUOTE ]

tomahawk, when you start accusing me of sleeping through Econ class, you're just asking for the mushroom stamp. I guess when I said investing in bankrupt companies, I was referring more to prospective students that will be forking out $65-90k to learn to fly there, and to banks and other financial institutions, not the $200 ticket you bought to go see mommy for Thanksgiving. Hmm, are you one of the part 141 students that's 8 months into it and still working on that instrument rating? I gotta go catch a plane, I'll try to chime back in some more this weekend.

foztofly · July 29th, 2005, 13:26

G,
Grats on reaching your time for the interview and good luck with it.

foztofly · July 29th, 2005, 13:36

Would also like to send out a "CONGRATS" to Fo Shizzle. He worked hard as a student, was hired as a CFI and completed his obligations. For doing so, the school honored their word that they guaranteed him an interview with a Delta carrier of his choice, and he was hired by that airline. Just trying to keep some positive comments in the mix here.

tomahawk1 · July 29th, 2005, 17:31

Hey, I did not suggest you were the only one sleeping thorugh Economics class. There are a lot of uninformed people out there that do not realize that Bankruptcy (see I spell checked it this time) does not mean that a business is going to shut down. It means a company uses it to restructure, reorganize to compete in a highly competitive market. Do you fly for a Delta Connection Comany or a United Express Company or a US Airways Express Company? I would be concerned for my fellow pilots out there. Interesting you put article here on the DCA threads about Delta going bankrupt. What about those schools and FBO's that have placed pilots with Piedmont, PSA, Chautuaqua, Great Lakes, Sky West, Air Wisconsin, American Eagle to name a few. These pilots are all flying for companies that are subsidiaries for airlines that are bankrupt. Are you going to tell them to quit their jobs because their parent companies are bankrupt??? To say that you cannot make a profit investing in a company that is bankrupt: Does Chrysler Automotive ring a bell. They were bankrupt in the 80's and made the biggest turn around in the automotive history! Just one of few large examples. Most of these companies, including Delta, will make a turn around in time. Of course, we can always play the 'what if game'. That's just futile.

VampyreGTX · July 29th, 2005, 18:10

People still 'invest' in bankrupt companies. Kmart was in bankruptcy at one point, UAL is in bankruptcy and companies are still extending further credit a adjusting current debt obligations. Heck, you can still invest in UAL stock under the ticker symbol of UALAQ on the OTC BB. There are plenty of shares traded daily.

Back to the topic directly, if Delta declares bankruptcy, it will have NO effect on the financial 'stability' of DCA to continue to operate. Why? HOW?! DCA is a wholly owned subsidiary of Delta. DCA is NOT part of Delta airlines. They are their OWN company. Delta happens to be the main 'shareholder' of DCA. Wholly Owned Subsidiarys are defined as a subsidiary whose parent company owns 100% of its common stock. In other words, the parent company owns the company outright and there are no minority owners. Unlike a division, expenses, losses, bankruptcy insolvency and liquidation are NOT passed on to subsidiaries. They are actually carried on the books of the parent company. Only effect of a sale would be another company taking over as the parent company.

They may SELL off DCA, but Delta's bankruptcy will not suddenly endanger the money students have invested in the school. In my opinion, even if DCA were to be sold off for some reason, it would not effect the contract the regionals have to hire DCA instructors. The school would still be able to continue to operate without the financials being passed off to Delta. I just don't see a reason why DCA would be a subsidiary that they would spinoff if bankruptcy did arise.

DE727UPS · July 31st, 2005, 04:30

"DCA is NOT part of Delta airlines."

That's not what they want you to think when you look at their website....

MCP · July 31st, 2005, 07:27

Wasn't DCA the one that stated "Airline owned and operated" on the front page of their website a few years back?

H46Bubba · July 31st, 2005, 13:09

I'm keeping quiet on this one!

Please, everyone continue.

montanapilot · July 31st, 2005, 14:07

"Being owned by DELTA means everything"

mnixon · July 31st, 2005, 22:29

[ QUOTE ]
"I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently"

But I thought "being owned by Delta makes all the difference"....

Guess they may have to change that.

"By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy."

Well...I guess being owned by Delta DIDN'T make all the difference for you.

[/ QUOTE ]

Friday night at 1:26 AM and your on here shouting the same crap, instead of, dare I say, doing something fun, wow, your life must suck.

SteveC · July 31st, 2005, 22:49

[ QUOTE ]

Friday night at 1:26 AM and your on here shouting the same crap, instead of, dare I say, doing something fun, wow, your life must suck.

[/ QUOTE ]

Argumentum ad hominem.

Nice.

DE727UPS · August 1st, 2005, 00:47

Yeah. I work 10 days a month and make 140K a year. My life sucks. At the same time, I enjoy the crap out of calling out and debating the things I loathe about the business I'm in. One of those things is DCA's marketing practices. Next question?

MCP · August 1st, 2005, 04:02

[ QUOTE ]
[ QUOTE ]
"I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently"

But I thought "being owned by Delta makes all the difference"....

Guess they may have to change that.

"By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy."

Well...I guess being owned by Delta DIDN'T make all the difference for you.

[/ QUOTE ]

Friday night at 1:26 AM and your on here shouting the same crap, instead of, dare I say, doing something fun, wow, your life must suck.

[/ QUOTE ]

Using ad hominem attacks during a debate does nothing but ivalidate the things you say.

Good job.

*EDITED* for my lack of spelling ability during the late hours. lol

July 27th, 2005, 20:03	#1
951fan Newbie Join Date: Jul 2005 Posts: 15	\"Delta shares nosedive on Ch. 11 fears\" http://money.cnn.com/2005/07/27/news...ex.htm?cnn=yes Umm, this can't be good, but thank your lucky stars you have that guaranteed interview. Do they specifiy if it's a pilot position interview in all their fluff? (thick sarcasm) For those that are thinking about going to DCA, please give it much thought and read through these forums, for much of what is said is fairly accurate from my experience. Is this a company you want to risk $65-$90k of your hard earned money on, or any amount to be honest? I wouldn't even buy a $3 share. I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently etc etc. But I know I wouldn't want to test it out. Save yourself the pain and ask around, find a good reputable fbo and instructor locally and enjoy yourself. For it's not IF Delta will file for bankruptcy, it's when, and by the sound of their own CEO, it ain't too far away.

July 27th, 2005, 20:15	#2
Doug Taylor Agent Smith Join Date: Dec 1969 Location: KSDL Posts: 41,926 Blog Entries: 1	Re: \"Delta shares nosedive on Ch. 11 fears\" I'm not quite sure how that was spun into a DCA thread, but there's really no new information. As long as they're in DC asking for pension reform and wrestling with creditors, you're certainly not going to hear anything positive. Interesting first post, BTW.

July 28th, 2005, 01:51	#3
DE727UPS Old Skool Join Date: Nov 2000 Location: Spokane, WA Posts: 6,578	Re: \"Delta shares nosedive on Ch. 11 fears\" "I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently" But I thought "being owned by Delta makes all the difference".... Guess they may have to change that.

July 28th, 2005, 20:47	#4
tomahawk1 Junior Member Join Date: May 2005 Posts: 43	Re: \"Delta shares nosedive on Ch. 11 fears\" Even if Delta does go bankrupt, it is not going to affect the academy. The academy bairly makes up 1 % if Delta's day to day operations as an entity. There is no direct profit sharing between the two companies. The Academy can stand alone and has stood alone. Take for example when it was owned by Comair. Comair shut down its operations completely for almost 4 months while their pilots' were on strike. The academy continued to operate and place its graduates with 9 different airlines and develop contracts with those airlines. Thus, that is how it became Delta Connection Academy. Even if Delta does file for Bankruptsy, they are not going out of business. i.e. United, US Air, ATA, Independence, yada yada yada. They are all Bankrupt and still flying and so are their subsidiaries........AYE!! I wish people took some business classes in college!! OR maybe stayed awake during those boring lecture in economics.

July 28th, 2005, 22:55	#5
951fan Newbie Join Date: Jul 2005 Posts: 15	Re: \"Delta shares nosedive on Ch. 11 fears\" [ QUOTE ] Even if Delta does go bankrupt, it is not going to affect the academy. The academy bairly makes up 1 % if Delta's day to day operations as an entity. There is no direct profit sharing between the two companies. The Academy can stand alone and has stood alone. Take for example when it was owned by Comair. Comair shut down its operations completely for almost 4 months while their pilots' were on strike. The academy continued to operate and place its graduates with 9 different airlines and develop contracts with those airlines. Thus, that is how it became Delta Connection Academy. Even if Delta does file for Bankruptsy, they are not going out of business. i.e. United, US Air, ATA, Independence, yada yada yada. They are all Bankrupt and still flying and so are their subsidiaries........AYE!! I wish people took some business classes in college!! OR maybe stayed awake during those boring lecture in economics. [/ QUOTE ] Oh boy, where do I start? tomahawk1, let's start with your first statement "Even if Delta does go bankrupt, it is not going to affect the academy." Really, it's not? So when they do file, and people are looking to go to flight school, Delta Connection Academy is going to be on the top of everyone's list? Don't you think they might run into some enrollment issues? I'm not saying they'll go out of business, but to say it won't affect them is, well, absurd. Why would anyone in their right mind risk that kind of money with a company who has filed for bankruptcy and may not have a pilot position for them when they graduate, or maybe even as a CFI at the school? I guess you're right, I did miss the part in Econ 101 where they recommend investing in bankrupt companies (Can you post your notes from that lecture on here please?). Again, I'm not saying DCA or Delta Airlines wil stop flying, or will go out of business, but you mention 4 or so examples of airlines that are in that position, but do we honestly need to list the all of the unfortunate ones that weren't so lucky? To reiterate my point, I'm just trying to warn prospective (maybe even current) students from making a huge financial mistake. It was discouraging as a student there, flying with 23 year old instructors that were up to their eyeballs with $120k in debt (not all training debt), working secret jobs on the side so they can eat, and still have 1-2 years of instructing left (at $10/hr) to meet the obligation of DCA for their guaranteed interview. There are so many other factors involving bankruptcy that we don't need to get into, at least in this thread. Again, just trying to prevent the demise of some fellow aspiring pilots. PS I think you may have missed the English class when they taught how to spell, "Bankruptsy", nice.

July 28th, 2005, 23:04	#6
PhilosopherPilot Senior Member Join Date: Jul 2003 Location: Providence, RI Posts: 454	Re: \"Delta shares nosedive on Ch. 11 fears\" [ QUOTE ] Even if Delta does go bankrupt, it is not going to affect the academy. The academy bairly makes up 1 % if Delta's day to day operations as an entity. There is no direct profit sharing between the two companies. The Academy can stand alone and has stood alone. Take for example when it was owned by Comair. Comair shut down its operations completely for almost 4 months while their pilots' were on strike. The academy continued to operate and place its graduates with 9 different airlines and develop contracts with those airlines. Thus, that is how it became Delta Connection Academy. Even if Delta does file for Bankruptsy, they are not going out of business. i.e. United, US Air, ATA, Independence, yada yada yada. They are all Bankrupt and still flying and so are their subsidiaries........AYE!! I wish people took some business classes in college!! OR maybe stayed awake during those boring lecture in economics. [/ QUOTE ] [Grammar Comment] "The academy bairly makes up 1 % if Delta's day to day operations as an entity." "Even if Delta does file for Bankruptsy..." "AYE!! I wish people took some business classes in college!!" I personally wish some people would take an English class in college, but that's just me. G [/Grammar Comment] For once though, I'm on Comair Academy's side here. Delta's financial problems will not likely immediately interfere with the hiring of the wholly owned subsidiaries such as ASA and Comair. Of course, should those subsidiaries get sold off, that might throw a wrench in the machine, but that is a worry for later. By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy. G

July 29th, 2005, 01:12	#7
dcapilot Junior Member Join Date: Jun 2005 Location: Houston, TX Posts: 34	Re: \"Delta shares nosedive on Ch. 11 fears\" 951....not really sure what you mean by "working secret jobs"....I am a flight instructor at DCA and I work another job and haven't had to make it secret at all! I work at a restaurant in town and have served several members of DCA management on many occasions. On another note, every instructor that works at DCA knew WAY before they even became students that if you work as a CFI at DCA you will make $10/hour. It really gripes me when I hear people talking about that like they are surprised! If you don't like it, don't do it!

July 29th, 2005, 02:24	#8
951fan Newbie Join Date: Jul 2005 Posts: 15	Re: \"Delta shares nosedive on Ch. 11 fears\" [ QUOTE ] 951....not really sure what you mean by "working secret jobs"....I am a flight instructor at DCA and I work another job and haven't had to make it secret at all! I work at a restaurant in town and have served several members of DCA management on many occasions. On another note, every instructor that works at DCA knew WAY before they even became students that if you work as a CFI at DCA you will make $10/hour. It really gripes me when I hear people talking about that like they are surprised! If you don't like it, don't do it! [/ QUOTE ] dcapilot, I suppose things may have changed, or maybe I'm flat out wrong, but when I spoke with my admissions counselor, he told me full-time 141 students will not have time for a job (agreed) and the CFI's are not allowed to work anywhere else while employed by DCA. This is to prevent scheduling conflicts since the schedules are prepared daily. This kind of makes sense since my instructor cancelled on me a few times, asked ME to call in sick (even though I was in the ops building filling out the weight/balance sheet for our flight) because he said he had to work at his "other job". He felt bad about it (and I felt bad for him), and asked that I not say anything because "we're not supposed to have other jobs while we're instructing". Now that I'm writing this, it might be that management has become very "loose" on their own written policies (to keep people from leaving). For I seem to remember some leave of absence rules broken by a few 141 students (including myself) with no recourse or even mention of being "let go". And if you're an instructor there, you know what I mean (aka 8 month 141 students, not foreign, still working on instrument rating). As far as the $10/hour pay goes, you are right, I did know about it, and like you, I was prepared to make the sacrifice in exchange for what I thought would be the best training money could buy, boy was I wrong. I'm not trying to turn this into a DCA flame war, but if we need to get into some of the tomfoolery that goes on there, we can. So yes, I did follow your advice, I didn't like it, so I didn't do it.

July 29th, 2005, 03:36	#9
DE727UPS Old Skool Join Date: Nov 2000 Location: Spokane, WA Posts: 6,578	Re: \"Delta shares nosedive on Ch. 11 fears\" "By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy." Well...I guess being owned by Delta DIDN'T make all the difference for you.

July 29th, 2005, 03:38	#10
DE727UPS Old Skool Join Date: Nov 2000 Location: Spokane, WA Posts: 6,578	Re: \"Delta shares nosedive on Ch. 11 fears\" "I'm not trying to turn this into a DCA flame war, but if we need to get into some of the tomfoolery that goes on there, we can." Let er' rip, dude.....Jetcareers is all ears?

July 29th, 2005, 03:53	#11
Pirep Junior Member Join Date: Jul 2001 Location: Florida Posts: 72	Re: \"Delta shares nosedive on Ch. 11 fears\" Wow, glad to see things are back to normal in this forum. It was getting too quiet in here. I was beginning to think people were actually getting other hobbies.

July 29th, 2005, 11:07	#12
tomahawk1 Junior Member Join Date: May 2005 Posts: 43	Re: \"Delta shares nosedive on Ch. 11 fears\" First off, I'd like to thank everyone who had to correct my 2 mistakes in my post and not the substance of what I said. It truly is indicative of the factual information that people get from this forum. It truly teaches you all the facts about the industry in a very postitive, informative, constructive manner. But I digress. I can see how the name of the academy would affect some people who are not really knowledgeable about the industry to keep from going there because of the bad publicity Delta and others get. There is, however, a need for pilots and that will keep the academy going regardless of their name. However, people who do research will see that the Academy is not going away. They have changed names once and if something happens where Delta (GOD Forbid) does shut down, they can change names again. You said you did not want people to invest their money in a company that is going bankrupt. Correct me if I'm wrong, I did give you a list of 4 airlines that are bankrupt: Aren't people still buying tickets and filling those planes??? Aren't they still advertising and enrolling people in frequent flyer programs???

July 29th, 2005, 13:23	#13
951fan Newbie Join Date: Jul 2005 Posts: 15	Re: \"Delta shares nosedive on Ch. 11 fears\" [ QUOTE ] First off, I'd like to thank everyone who had to correct my 2 mistakes in my post and not the substance of what I said. It truly is indicative of the factual information that people get from this forum. It truly teaches you all the facts about the industry in a very postitive, informative, constructive manner. But I digress. I can see how the name of the academy would affect some people who are not really knowledgeable about the industry to keep from going there because of the bad publicity Delta and others get. There is, however, a need for pilots and that will keep the academy going regardless of their name. However, people who do research will see that the Academy is not going away. They have changed names once and if something happens where Delta (GOD Forbid) does shut down, they can change names again. You said you did not want people to invest their money in a company that is going bankrupt. Correct me if I'm wrong, I did give you a list of 4 airlines that are bankrupt: Aren't people still buying tickets and filling those planes??? Aren't they still advertising and enrolling people in frequent flyer programs??? [/ QUOTE ] tomahawk, when you start accusing me of sleeping through Econ class, you're just asking for the mushroom stamp. I guess when I said investing in bankrupt companies, I was referring more to prospective students that will be forking out $65-90k to learn to fly there, and to banks and other financial institutions, not the $200 ticket you bought to go see mommy for Thanksgiving. Hmm, are you one of the part 141 students that's 8 months into it and still working on that instrument rating? I gotta go catch a plane, I'll try to chime back in some more this weekend.

July 29th, 2005, 13:26	#14
foztofly Junior Member Join Date: Apr 2002 Location: Sanford, FL Posts: 91	Re: \"Delta shares nosedive on Ch. 11 fears\" G, Grats on reaching your time for the interview and good luck with it.

July 29th, 2005, 13:36	#15
foztofly Junior Member Join Date: Apr 2002 Location: Sanford, FL Posts: 91	Re: \"Delta shares nosedive on Ch. 11 fears\" Would also like to send out a "CONGRATS" to Fo Shizzle. He worked hard as a student, was hired as a CFI and completed his obligations. For doing so, the school honored their word that they guaranteed him an interview with a Delta carrier of his choice, and he was hired by that airline. Just trying to keep some positive comments in the mix here.

July 29th, 2005, 17:31	#16
tomahawk1 Junior Member Join Date: May 2005 Posts: 43	Re: \"Delta shares nosedive on Ch. 11 fears\" Hey, I did not suggest you were the only one sleeping thorugh Economics class. There are a lot of uninformed people out there that do not realize that Bankruptcy (see I spell checked it this time) does not mean that a business is going to shut down. It means a company uses it to restructure, reorganize to compete in a highly competitive market. Do you fly for a Delta Connection Comany or a United Express Company or a US Airways Express Company? I would be concerned for my fellow pilots out there. Interesting you put article here on the DCA threads about Delta going bankrupt. What about those schools and FBO's that have placed pilots with Piedmont, PSA, Chautuaqua, Great Lakes, Sky West, Air Wisconsin, American Eagle to name a few. These pilots are all flying for companies that are subsidiaries for airlines that are bankrupt. Are you going to tell them to quit their jobs because their parent companies are bankrupt??? To say that you cannot make a profit investing in a company that is bankrupt: Does Chrysler Automotive ring a bell. They were bankrupt in the 80's and made the biggest turn around in the automotive history! Just one of few large examples. Most of these companies, including Delta, will make a turn around in time. Of course, we can always play the 'what if game'. That's just futile.

July 29th, 2005, 18:10	#17
VampyreGTX Junior Member Join Date: Jun 2003 Location: Chicago, IL Posts: 152	Re: \"Delta shares nosedive on Ch. 11 fears\" People still 'invest' in bankrupt companies. Kmart was in bankruptcy at one point, UAL is in bankruptcy and companies are still extending further credit a adjusting current debt obligations. Heck, you can still invest in UAL stock under the ticker symbol of UALAQ on the OTC BB. There are plenty of shares traded daily. Back to the topic directly, if Delta declares bankruptcy, it will have NO effect on the financial 'stability' of DCA to continue to operate. Why? HOW?! DCA is a wholly owned subsidiary of Delta. DCA is NOT part of Delta airlines. They are their OWN company. Delta happens to be the main 'shareholder' of DCA. Wholly Owned Subsidiarys are defined as a subsidiary whose parent company owns 100% of its common stock. In other words, the parent company owns the company outright and there are no minority owners. Unlike a division, expenses, losses, bankruptcy insolvency and liquidation are NOT passed on to subsidiaries. They are actually carried on the books of the parent company. Only effect of a sale would be another company taking over as the parent company. They may SELL off DCA, but Delta's bankruptcy will not suddenly endanger the money students have invested in the school. In my opinion, even if DCA were to be sold off for some reason, it would not effect the contract the regionals have to hire DCA instructors. The school would still be able to continue to operate without the financials being passed off to Delta. I just don't see a reason why DCA would be a subsidiary that they would spinoff if bankruptcy did arise.

July 31st, 2005, 04:30	#18
DE727UPS Old Skool Join Date: Nov 2000 Location: Spokane, WA Posts: 6,578	Re: \"Delta shares nosedive on Ch. 11 fears\" "DCA is NOT part of Delta airlines." That's not what they want you to think when you look at their website....

July 31st, 2005, 07:27	#19
MCP Junior Member Join Date: Jul 2005 Location: Fresno, CA. Posts: 160	Re: \"Delta shares nosedive on Ch. 11 fears\" Wasn't DCA the one that stated "Airline owned and operated" on the front page of their website a few years back?

July 31st, 2005, 13:09	#20
H46Bubba Old Skool Join Date: Nov 2002 Location: CVG Posts: 4,465	Re: \"Delta shares nosedive on Ch. 11 fears\" I'm keeping quiet on this one! Please, everyone continue.

July 31st, 2005, 14:07	#21
montanapilot Old Skool Join Date: May 2003 Location: Portland, Orygun Posts: 1,643	Re: \"Delta shares nosedive on Ch. 11 fears\" "Being owned by DELTA means everything"

July 31st, 2005, 22:29	#22
mnixon Senior Member Join Date: Jun 2005 Location: Ann Arbor Posts: 547	Re: \"Delta shares nosedive on Ch. 11 fears\" [ QUOTE ] "I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently" But I thought "being owned by Delta makes all the difference".... Guess they may have to change that. "By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy." Well...I guess being owned by Delta DIDN'T make all the difference for you. [/ QUOTE ] Friday night at 1:26 AM and your on here shouting the same crap, instead of, dare I say, doing something fun, wow, your life must suck.

July 31st, 2005, 22:49	#23
SteveC Modulator Join Date: May 2003 Location: GRR Posts: 8,788	Re: \"Delta shares nosedive on Ch. 11 fears\" [ QUOTE ] Friday night at 1:26 AM and your on here shouting the same crap, instead of, dare I say, doing something fun, wow, your life must suck. [/ QUOTE ] Argumentum ad hominem. Nice.

August 1st, 2005, 00:47	#24
DE727UPS Old Skool Join Date: Nov 2000 Location: Spokane, WA Posts: 6,578	Re: \"Delta shares nosedive on Ch. 11 fears\" Yeah. I work 10 days a month and make 140K a year. My life sucks. At the same time, I enjoy the crap out of calling out and debating the things I loathe about the business I'm in. One of those things is DCA's marketing practices. Next question?

August 1st, 2005, 04:02	#25
MCP Junior Member Join Date: Jul 2005 Location: Fresno, CA. Posts: 160	Re: \"Delta shares nosedive on Ch. 11 fears\" [ QUOTE ] [ QUOTE ] "I'm sure the replies will start with how DCA and Delta are separate entities and not really related and operate independently" But I thought "being owned by Delta makes all the difference".... Guess they may have to change that. "By the way, I have an interview with ASA next month! And no, I didn't go to Comair Academy." Well...I guess being owned by Delta DIDN'T make all the difference for you. [/ QUOTE ] Friday night at 1:26 AM and your on here shouting the same crap, instead of, dare I say, doing something fun, wow, your life must suck. [/ QUOTE ] Using ad hominem attacks during a debate does nothing but ivalidate the things you say. Good job. EDITED for my lack of spelling ability during the late hours. lol

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode