BAD NEWS
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BAD NEWS
BAD NEWS
AIR CANADA NEWS
Air Canada releases full year and fourth quarter results. Earlier this morning, Air Canada Services (Air Canada) released its full year and fourth quarter results. The Company reported an operating income of $236 million for the year, excluding special charges, compared to $191 million in 2005. “I am very pleased to report one of the strongest fourth quarters in Air Canada history, capping a year of numerous accomplishments,” said Montie Brewer. “Through the hard work and dedication of our employees, we took significant steps in moving our business plan forward.” To read all of the details, check the Flash available on the Portal, on the “My News” page.
New message from Montie. Later today, Montie will be posting a message discussing our fourth quarter and year-end results. The message will be available on the Portal, on the “My News” page.
Last weekend to enter the “Bring the 777 home!” contest. You don't want to miss this excellent opportunity to be on the first flight of our 777 from Seattle to Vancouver at the end of March. The contest is located on the Portal, on the “My News” page, under “Online Extra”. The contest is open to all active employees of Air Canada (including Air Canada employees seconded to Aeroplan, Air Canada Technical Services, Air Canada Ground Handling Services and Air Canada Cargo). Hurry! The contest closes on February 12.
ACE NEWS
ACE Aviation releases full year and fourth quarter results. ACE Aviation Holdings Inc. released its fourth quarter and full year results earlier today. ACE reported an operating income of $522 million, excluding special charges, compared to an operating income if $455 million in 2005. For the fourth quarter, ACE reported an operating income of $73 million. This represented an improvement of $107 million from 2005. “I am pleased with our strong progress during 2006 in the implementation of ACE's business strategy,” said Robert Milton, Chairman, President, and Chief Executive Officer. “We have delivered strong financial results for the year and we've also made excellent progress in delivering shareholder value.” Full details of ACE's results are available on the ACE website at http://www.aceaviation.com.
2006 results from other ACE companies. Aeroplan released its 2006 results yesterday, reporting that net profits rose 30 per cent thanks to “growth in consumer spending and momentum in the travel industry.” Earnings of $38.5 million or 19 cents a unit in the October-December period were up from year-ago net income of $29.7 million, or 15 cents per unit. Revenue rose to $208.4 million from $154 million.
Meanwhile, Air Canada Jazz operating revenue rose 15.7 per cent to $351.9 million in the fourth quarter, with net income rising to $31.9 million. For the year ended December 31, net income for the airline was $140 million compared to $117.9 million recorded in 2005. Operating revenue for 2006 was $1.38 billion, up from $1.02 billion in 2005.
INDUSTRY NEWS
Boeing says 787 rollout on schedule. Boeing said yesterday that it was on track to deliver the first 787 Dreamliner planes next year and tipped a good year for new commercial orders as North American and Asian airlines buy new aircraft.
Sorry to break the bad news.
AIR CANADA NEWS
Air Canada releases full year and fourth quarter results. Earlier this morning, Air Canada Services (Air Canada) released its full year and fourth quarter results. The Company reported an operating income of $236 million for the year, excluding special charges, compared to $191 million in 2005. “I am very pleased to report one of the strongest fourth quarters in Air Canada history, capping a year of numerous accomplishments,” said Montie Brewer. “Through the hard work and dedication of our employees, we took significant steps in moving our business plan forward.” To read all of the details, check the Flash available on the Portal, on the “My News” page.
New message from Montie. Later today, Montie will be posting a message discussing our fourth quarter and year-end results. The message will be available on the Portal, on the “My News” page.
Last weekend to enter the “Bring the 777 home!” contest. You don't want to miss this excellent opportunity to be on the first flight of our 777 from Seattle to Vancouver at the end of March. The contest is located on the Portal, on the “My News” page, under “Online Extra”. The contest is open to all active employees of Air Canada (including Air Canada employees seconded to Aeroplan, Air Canada Technical Services, Air Canada Ground Handling Services and Air Canada Cargo). Hurry! The contest closes on February 12.
ACE NEWS
ACE Aviation releases full year and fourth quarter results. ACE Aviation Holdings Inc. released its fourth quarter and full year results earlier today. ACE reported an operating income of $522 million, excluding special charges, compared to an operating income if $455 million in 2005. For the fourth quarter, ACE reported an operating income of $73 million. This represented an improvement of $107 million from 2005. “I am pleased with our strong progress during 2006 in the implementation of ACE's business strategy,” said Robert Milton, Chairman, President, and Chief Executive Officer. “We have delivered strong financial results for the year and we've also made excellent progress in delivering shareholder value.” Full details of ACE's results are available on the ACE website at http://www.aceaviation.com.
2006 results from other ACE companies. Aeroplan released its 2006 results yesterday, reporting that net profits rose 30 per cent thanks to “growth in consumer spending and momentum in the travel industry.” Earnings of $38.5 million or 19 cents a unit in the October-December period were up from year-ago net income of $29.7 million, or 15 cents per unit. Revenue rose to $208.4 million from $154 million.
Meanwhile, Air Canada Jazz operating revenue rose 15.7 per cent to $351.9 million in the fourth quarter, with net income rising to $31.9 million. For the year ended December 31, net income for the airline was $140 million compared to $117.9 million recorded in 2005. Operating revenue for 2006 was $1.38 billion, up from $1.02 billion in 2005.
INDUSTRY NEWS
Boeing says 787 rollout on schedule. Boeing said yesterday that it was on track to deliver the first 787 Dreamliner planes next year and tipped a good year for new commercial orders as North American and Asian airlines buy new aircraft.
Sorry to break the bad news.
They sure do know how to sweeten things up for you guys, eh?
Air Canada releases full year and fourth quarter results. Earlier this morning, Air Canada Services (Air Canada) released its full year and fourth quarter results. The Company reported an operating income of $236 million for the year, excluding special charges, compared to $191 million in 2005. “I am very pleased to report one of the strongest fourth quarters in Air Canada history, capping a year of numerous accomplishments,” said Montie Brewer. “Through the hard work and dedication of our employees, we took significant steps in moving our business plan forward.” To read all of the details, check the Flash available on the Portal, on the “My News” page.
Operating income isnt the same as net income (which wasn't even reported!!!!) and you don't exclude special charges. I wonder why they didn't report net income? It's apparently supposed to be reported next week.
Air Canada releases full year and fourth quarter results. Earlier this morning, Air Canada Services (Air Canada) released its full year and fourth quarter results. The Company reported an operating income of $236 million for the year, excluding special charges, compared to $191 million in 2005. “I am very pleased to report one of the strongest fourth quarters in Air Canada history, capping a year of numerous accomplishments,” said Montie Brewer. “Through the hard work and dedication of our employees, we took significant steps in moving our business plan forward.” To read all of the details, check the Flash available on the Portal, on the “My News” page.
Operating income isnt the same as net income (which wasn't even reported!!!!) and you don't exclude special charges. I wonder why they didn't report net income? It's apparently supposed to be reported next week.
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From Monty Brewer.
Today we issued our financial results for the fourth quarter and full year for 2006. It is a landmark day because this is the first time Air Canada has reported its results as a stand-alone, public company since our successful Initial Public Offering last year.
Due to your hard work, we capped off an eventful year by putting together one of the strongest fourth quarters in Air Canada's history. This is historically a challenging quarter for our industry, yet we reduced our operating loss for the period by $86 million to $5 million, excluding special charges, according to unaudited results. Our load factor was a record 77.8 per cent, capacity rose four per cent and yields improved one per cent.For the full year we reported operating income of $236 million, excluding special charges, compared to $191 million in 2005. From an operating standpoint, we had an 80.2 per cent load factor, our third consecutive record year, and we did this while expanding capacity and increasing yields. Thank you for your continuing efforts and dedication, especially during the incredibly busy holiday season.
Together in 2006 we accomplished many things that will provide the foundation for our future success. During the year we:
Began a major refurbishment of our Boeing 767-300 and Airbus narrowbody aircraft, installing new seats, personal entertainment systems and in-seat power throughout all cabins.
Introduced into the fleet 15 new Embraer E190 aircraft.
Contributed $477 million to funding our employees' defined benefit pension plans in 2006, in accordance with the OSFI agreement, of which $224 million represented funding of past service costs.
Launched 22 new non-stop services including Calgary - New York City, Edmonton-London, Heathrow, Montreal-Denver, Montreal-Mexico City, Toronto-San Diego and Toronto-Shanghai.
Continued to expand our line of multi-flight pass products and grew pass sales revenue by 148 per cent in 2006; first time pass purchasers increased by 228 per cent from previous year.
Introduced the first flat-fee subscription Flight Pass, allowing for unlimited flights within select geographical zones and periods of time.
Won the Airline Industry Achievement Award for Market Leadership from Air Transport World magazine.
Were voted ‘Best Airline in North America' and ‘Best Airline in Canada ' by the readers of U.S. frequent flyer magazine, Global Traveler, and ‘Best Business Class to Canada ' by the readers of Business Traveler magazine.
Our successes are not by chance. We have a clear, sound business plan and through increased teamwork, and a lot of effort on the part of each of you, we are making Air Canada viable for the long term. This is why I am proud to announce that our Profit Share program will pay out a total of $29.2 million for 2006, of which $25.5 million has already been paid out through Sharing Our Success. This confirms that if we run a safe, on-time operation and improve our customer satisfaction, profits will follow.
Thank you again for taking care of our customers during a sometimes difficult year, in which we all dealt with changes in the way we work and conduct business. Our efforts are paying off, however, and as our various initiatives begin to converge I believe you will agree the future is very bright.
We are positioning ourselves well for exciting times. With our simplified fare structure and redesigned website, the arrival of more refurbished and new aircraft (including the first of the Boeing 777s this spring), and the launch of Polaris, we are equipping ourselves with the tools we need to achieve greater success in 2007.
And here's the bad year in review.
2006 FULL YEAR OVERVIEW
EBITDAR (excluding special charges) (1) of $1,043 million compared to $936 million in 2005.
Operating income of $114 million, or $236 million excluding special charges, compared to $191 million in 2005.
Special charges of $122 million - $102 million ($70 million after tax) in connection with Air Canada's obligations for redemption of Aeroplan miles issued before 2002 and special charge for labour restructuring of $20 million ($13 million after tax).
Fuel expense increase of $347 million or 16 per cent over 2005.
Passenger revenues up $690 million or 8 per cent, driven by a 5 per cent growth in traffic on a capacity growth of 4 per cent and a 3 per cent yield improvement.
Passenger load factor at 80.2 per cent marked a new record load factor for the year.
Loss before non-controlling interest, foreign exchange and income taxes of $77 million compared to a loss of $33 million in 2005.
Net proceeds of $187 million from the initial public offering of Air Canada shares.
Cash, cash equivalents and short-term investments of $2.1 billion at December 31, 2006.
Air Canada today reported fourth quarter Air Canada Services EBITDAR (excluding special charges) (1) of $197 million, an increase of $92 million on the 2005 quarter. The operating loss of $5 million recorded in the quarter represented an improvement of $86 million on 2005.
Passenger revenues increased $122 million or 6 per cent due to traffic growth of 5 per cent reflecting stronger market demand and a yield improvement of 1 per cent. Passenger revenue improvements were reflected in all markets. Unit cost, as measured by operating expense per ASM, decreased 1 per cent from the fourth quarter of 2005.
For 2006, Air Canada Services reported operating income (excluding special charges) (1) of $236 million, despite an increase in fuel expense of $347 million or 16 per cent. EBITDAR (excluding special charges) (1) amounted to $1,043 million in the year compared to $936 million in 2005, an improvement of $107 million. Operating income amounted to $114 million.
Passenger revenues were up $690 million or 8 per cent due to a 3 per cent yield improvement and a 5 per cent growth in traffic on a capacity increase of 4 per cent. Unit cost, as measured by operating expense per available seat mile (ASM), rose 4 per cent from 2005. Excluding fuel expense and the special charge for labour restructuring of $20 million, unit cost was up 1 per cent.
The deficit, on an accounting basis, at December 31, 2006 for pension benefits was $1.4 billion compared to $2.5 billion at December 31, 2005. The decrease in the accounting deficit was mainly the result of a strong return on plan assets and funding of past service contributions in 2006. The solvency deficit on the registered pension plans at January 1, 2007 is also expected to decrease significantly compared to January 1, 2006 and, as a result, employer contributions determined in accordance with regulations, are expected to decline by approximately $90 million in 2007 and $120 million each year thereafter.
"I am very pleased to report one of the strongest fourth quarters in Air Canada's history, capping a year of numerous accomplishments that included the initial public offering of Air Canada creating an independently traded company from ACE Aviation," said Montie Brewer, President and Chief Executive Officer. "Through the hard work and dedication of our employees, we took significant steps in moving our business plan forward. Our results are on track following our third consecutive year of record load factors, as we continue to renew our fleet and ramp up the introduction of a market leading onboard product in the months to come. Consumers are responding favourably to our value-based fare products that are successfully differentiating Air Canada from the competition, and at the same time our distribution costs have been significantly reduced in line with leading low cost carriers.
"In the months ahead, we expect to see continued positive returns from our investments in Air Canada's new business model. With the recent consolidation of all Air Canada flights under one roof at our main Toronto hub, the customer experience has improved and we will be able to continue leveraging our global network via one of North America's premier gateway cities. In March, we will begin taking delivery of new, fuel efficient Boeing 777 widebody aircraft for our international fleet. Looking forward, revenue and cost performance are on track aided by continued strong future bookings."
And because you seem to have more interest in bean counting than flying, here's something I'm sure will interest you:
EBITDAR is a non-GAAP financial measure commonly used in the airline industry to assess earnings before interest, taxes, depreciation and aircraft rent. EBITDAR is used to view operating results before aircraft rent and depreciation, amortization and obsolescence as these costs can vary significantly among airlines due to differences in the way airlines finance their aircraft and other assets. EBITDAR is not a recognized measure for financial statement presentation under GAAP and does not have a standardized meaning and is therefore not comparable to similar measures presented by other public companies.
Operating income excluding the special charges for Aeroplan miles and labour restructuring is a non-GAAP financial measure. Air Canada Services uses operating income excluding the special charges for Aeroplan miles and labour restructuring to assess the operating performance of its ongoing business without the effects of these special charges. These special charges are excluded from Air Canada Services' results as they could potentially distort the analysis of trends in business performance.
Readers should refer to Air Canada's 2006 Management's Discussion and Analysis (MD&A) which will be filed on SEDAR for a reconciliation of EBITDAR to operating income (loss) and for a reconciliation of operating income (loss) excluding the special charge for Aeroplan miles and the special charge for labour restructuring to operating income (loss).
For further information on Air Canada's public disclosure file, including Air Canada's Annual Information Form, please consult SEDAR...
How's that Eh?
Today we issued our financial results for the fourth quarter and full year for 2006. It is a landmark day because this is the first time Air Canada has reported its results as a stand-alone, public company since our successful Initial Public Offering last year.
Due to your hard work, we capped off an eventful year by putting together one of the strongest fourth quarters in Air Canada's history. This is historically a challenging quarter for our industry, yet we reduced our operating loss for the period by $86 million to $5 million, excluding special charges, according to unaudited results. Our load factor was a record 77.8 per cent, capacity rose four per cent and yields improved one per cent.For the full year we reported operating income of $236 million, excluding special charges, compared to $191 million in 2005. From an operating standpoint, we had an 80.2 per cent load factor, our third consecutive record year, and we did this while expanding capacity and increasing yields. Thank you for your continuing efforts and dedication, especially during the incredibly busy holiday season.
Together in 2006 we accomplished many things that will provide the foundation for our future success. During the year we:
Began a major refurbishment of our Boeing 767-300 and Airbus narrowbody aircraft, installing new seats, personal entertainment systems and in-seat power throughout all cabins.
Introduced into the fleet 15 new Embraer E190 aircraft.
Contributed $477 million to funding our employees' defined benefit pension plans in 2006, in accordance with the OSFI agreement, of which $224 million represented funding of past service costs.
Launched 22 new non-stop services including Calgary - New York City, Edmonton-London, Heathrow, Montreal-Denver, Montreal-Mexico City, Toronto-San Diego and Toronto-Shanghai.
Continued to expand our line of multi-flight pass products and grew pass sales revenue by 148 per cent in 2006; first time pass purchasers increased by 228 per cent from previous year.
Introduced the first flat-fee subscription Flight Pass, allowing for unlimited flights within select geographical zones and periods of time.
Won the Airline Industry Achievement Award for Market Leadership from Air Transport World magazine.
Were voted ‘Best Airline in North America' and ‘Best Airline in Canada ' by the readers of U.S. frequent flyer magazine, Global Traveler, and ‘Best Business Class to Canada ' by the readers of Business Traveler magazine.
Our successes are not by chance. We have a clear, sound business plan and through increased teamwork, and a lot of effort on the part of each of you, we are making Air Canada viable for the long term. This is why I am proud to announce that our Profit Share program will pay out a total of $29.2 million for 2006, of which $25.5 million has already been paid out through Sharing Our Success. This confirms that if we run a safe, on-time operation and improve our customer satisfaction, profits will follow.
Thank you again for taking care of our customers during a sometimes difficult year, in which we all dealt with changes in the way we work and conduct business. Our efforts are paying off, however, and as our various initiatives begin to converge I believe you will agree the future is very bright.
We are positioning ourselves well for exciting times. With our simplified fare structure and redesigned website, the arrival of more refurbished and new aircraft (including the first of the Boeing 777s this spring), and the launch of Polaris, we are equipping ourselves with the tools we need to achieve greater success in 2007.
And here's the bad year in review.
2006 FULL YEAR OVERVIEW
EBITDAR (excluding special charges) (1) of $1,043 million compared to $936 million in 2005.
Operating income of $114 million, or $236 million excluding special charges, compared to $191 million in 2005.
Special charges of $122 million - $102 million ($70 million after tax) in connection with Air Canada's obligations for redemption of Aeroplan miles issued before 2002 and special charge for labour restructuring of $20 million ($13 million after tax).
Fuel expense increase of $347 million or 16 per cent over 2005.
Passenger revenues up $690 million or 8 per cent, driven by a 5 per cent growth in traffic on a capacity growth of 4 per cent and a 3 per cent yield improvement.
Passenger load factor at 80.2 per cent marked a new record load factor for the year.
Loss before non-controlling interest, foreign exchange and income taxes of $77 million compared to a loss of $33 million in 2005.
Net proceeds of $187 million from the initial public offering of Air Canada shares.
Cash, cash equivalents and short-term investments of $2.1 billion at December 31, 2006.
Air Canada today reported fourth quarter Air Canada Services EBITDAR (excluding special charges) (1) of $197 million, an increase of $92 million on the 2005 quarter. The operating loss of $5 million recorded in the quarter represented an improvement of $86 million on 2005.
Passenger revenues increased $122 million or 6 per cent due to traffic growth of 5 per cent reflecting stronger market demand and a yield improvement of 1 per cent. Passenger revenue improvements were reflected in all markets. Unit cost, as measured by operating expense per ASM, decreased 1 per cent from the fourth quarter of 2005.
For 2006, Air Canada Services reported operating income (excluding special charges) (1) of $236 million, despite an increase in fuel expense of $347 million or 16 per cent. EBITDAR (excluding special charges) (1) amounted to $1,043 million in the year compared to $936 million in 2005, an improvement of $107 million. Operating income amounted to $114 million.
Passenger revenues were up $690 million or 8 per cent due to a 3 per cent yield improvement and a 5 per cent growth in traffic on a capacity increase of 4 per cent. Unit cost, as measured by operating expense per available seat mile (ASM), rose 4 per cent from 2005. Excluding fuel expense and the special charge for labour restructuring of $20 million, unit cost was up 1 per cent.
The deficit, on an accounting basis, at December 31, 2006 for pension benefits was $1.4 billion compared to $2.5 billion at December 31, 2005. The decrease in the accounting deficit was mainly the result of a strong return on plan assets and funding of past service contributions in 2006. The solvency deficit on the registered pension plans at January 1, 2007 is also expected to decrease significantly compared to January 1, 2006 and, as a result, employer contributions determined in accordance with regulations, are expected to decline by approximately $90 million in 2007 and $120 million each year thereafter.
"I am very pleased to report one of the strongest fourth quarters in Air Canada's history, capping a year of numerous accomplishments that included the initial public offering of Air Canada creating an independently traded company from ACE Aviation," said Montie Brewer, President and Chief Executive Officer. "Through the hard work and dedication of our employees, we took significant steps in moving our business plan forward. Our results are on track following our third consecutive year of record load factors, as we continue to renew our fleet and ramp up the introduction of a market leading onboard product in the months to come. Consumers are responding favourably to our value-based fare products that are successfully differentiating Air Canada from the competition, and at the same time our distribution costs have been significantly reduced in line with leading low cost carriers.
"In the months ahead, we expect to see continued positive returns from our investments in Air Canada's new business model. With the recent consolidation of all Air Canada flights under one roof at our main Toronto hub, the customer experience has improved and we will be able to continue leveraging our global network via one of North America's premier gateway cities. In March, we will begin taking delivery of new, fuel efficient Boeing 777 widebody aircraft for our international fleet. Looking forward, revenue and cost performance are on track aided by continued strong future bookings."
And because you seem to have more interest in bean counting than flying, here's something I'm sure will interest you:
EBITDAR is a non-GAAP financial measure commonly used in the airline industry to assess earnings before interest, taxes, depreciation and aircraft rent. EBITDAR is used to view operating results before aircraft rent and depreciation, amortization and obsolescence as these costs can vary significantly among airlines due to differences in the way airlines finance their aircraft and other assets. EBITDAR is not a recognized measure for financial statement presentation under GAAP and does not have a standardized meaning and is therefore not comparable to similar measures presented by other public companies.
Operating income excluding the special charges for Aeroplan miles and labour restructuring is a non-GAAP financial measure. Air Canada Services uses operating income excluding the special charges for Aeroplan miles and labour restructuring to assess the operating performance of its ongoing business without the effects of these special charges. These special charges are excluded from Air Canada Services' results as they could potentially distort the analysis of trends in business performance.
Readers should refer to Air Canada's 2006 Management's Discussion and Analysis (MD&A) which will be filed on SEDAR for a reconciliation of EBITDAR to operating income (loss) and for a reconciliation of operating income (loss) excluding the special charge for Aeroplan miles and the special charge for labour restructuring to operating income (loss).
For further information on Air Canada's public disclosure file, including Air Canada's Annual Information Form, please consult SEDAR...
How's that Eh?
- PeteThePilot
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Good point Mach. And unlike some WJetters, we won't be dysecting and analyzing all the numbers and using that prescious crystal ball to predict the downfall of the competition. The overall picture isn't great. It ain't bad either. Don't care, my salary isn't dependant on the millions in profit. Funny how some of you guys are so predictable. I'm getting pretty much the responses I thought I would get before I even posted. Still missing a couple of other winners though. Just a matter of time, they'll show up too. This is really getting boring.There is some good in there. The pension deficit paydown is a highlight as well as the fact that the bottom line is black. $114 million of operating income for 2006 is significant for a legacy carrier.
- complexintentions
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I believe the WestJet fan boyz are too busy working on their Air Canada doomsday clock to come and post right now.
Either than or polishing their collection of 737 models, I'm not certain. No doubt they'll be by soon to tell you how AC=bad, WJ=good. *yawn*
Jokes aside, nice to see AC trending upwards.
Either than or polishing their collection of 737 models, I'm not certain. No doubt they'll be by soon to tell you how AC=bad, WJ=good. *yawn*
Jokes aside, nice to see AC trending upwards.
I’m still waiting for my white male privilege membership card. Must have gotten lost in the mail.
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Yeah. Whatever.Hey, then the smoke and mirrors worked!
Hey Toolow, not really sure wether to believe you or not (I've actually believed you were an owner all this time) but if what you say is true, congradulations. Would that be the April 1st course???


Maybe I missed it but was the overall number not a loss of 5 million? How long can we expect to bleed out this time until it is right back to bankruptcy. At only 5 million as opposed to 91 million in losses is it 5 years at this rate or maybe ten. I love the creative accounting these people always come up with to make things sound so good and cheery.
There is some good news on there but losing money overall is never a good thing.
There is some good news on there but losing money overall is never a good thing.
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flyguy.
The 5 mil loss was for the the last quarter of '06. The full year profit (or loss) will be known soon. To put it in perspective for what we do, the numbers so far are ok. As 2009 approaches, management will tell us we are going bankrupt again so as to bargain no raise. If the numbers just out continue as they are, they'll have a hard time selling that to the unions.
The 5 mil loss was for the the last quarter of '06. The full year profit (or loss) will be known soon. To put it in perspective for what we do, the numbers so far are ok. As 2009 approaches, management will tell us we are going bankrupt again so as to bargain no raise. If the numbers just out continue as they are, they'll have a hard time selling that to the unions.
You're kidding, right? You have to be stupid to believe that. Whether it be AC or WS or Coke or Pepsi, these days corporations are all about maximizing shareholder value. You maximize shareholder value by making money (and/or by selling off portions of your business) and lots of it....As 2009 approaches, management will tell us we are going bankrupt again so as to bargain no raise. If the numbers just out continue as they are, they'll have a hard time selling that to the unions.
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So far I'd have to say the shareholders are doing well. Make no mistake, come 2009 it will be all "doom and gloom" for AC if we ask for what we have given up. Remember, this is the same management that tried telling us and the arbitrator we make more money than you (WJ) and were successful. We got a measly 5% over three years. We lost 15%, 20 for some. Also, this is the same guy (RM) who put us in CCAA when it wasn't neccessary (don't get me going on that one). If AC is really not making money at that time (and I take it that's what your crystall ball says), they may have some amunition. And believe me, they can use smoke and mirrors to show a loss as well. But I won't be buying it. Stupid? Just my crystal ball which may only be as good as yours. We are all just amatures here bro. Oh, except for you of course. 

- invertedattitude
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Keep telling yourself that.
The weekly ra-ras obviously don't include reality checks. Good to see my comments arouse your insecurity so much boys. Clive should change his Koolaide recipe. Hey does he hire cheerleaders too for his ra-ras or do the f/a's do double duty at these events?it's ok Tony, you're right, this thread IS boring. You're just another broken record.
Apples and Oranges.
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Four1ohoh.
Dude, you were better off at 7F. I didn't like it much there myself but you must have been a real team player there too.
Dude, you were better off at 7F. I didn't like it much there myself but you must have been a real team player there too.

You've got it all wrong. Our bosses go on road shows once a year but nobody shows up. See the difference? But I can just imagine those pep rallys in the YYC hangar. Eee haaw!!quote]Apples and Oranges, rah rah AC! I'm not brainwashed like you WJ'ers!
-tonysoprano
Believe me, I see the difference everyday. Especially from guys like you and Rebel. I especially enjoy those threads about ALPA and ACPA. Makes me glad I am where I am. So you got tired of twin otter FO at 7F eh? How long ago did you leave?tonysoprano wrote:Four1ohoh.
Dude, you were better off at 7F. I didn't like it much there myself but you must have been a real team player there too.
You've got it all wrong. Our bosses go on road shows once a year but nobody shows up. See the difference? But I can just imagine those pep rallys in the YYC hangar. Eee haaw!!quote]Apples and Oranges, rah rah AC! I'm not brainwashed like you WJ'ers!
-tonysoprano
Drinking outside the box.