Well, I do know that their concessionary TA includes, in its scope clause, a ratio of a/c with 50 seats or less at "Express Carriers" to the number of 100+ seat a/c at mainline. Whether that's a ratio of deliveries to deliveries or a ratio of existing fleet to existing fleet, I don't know. Anyone? You have to give CAL mgmt points for sticking to the playbook, though. Overheard in the boardroom: 'OK, guys, time for the "The Sky is Falling Unless You Vote in the Concessions" press release'. I can personally attest to having heard directly from Ream in March of '02 that if 'industry economics' didn't improve, CAL would be Ch. 11 by January of '03. It doesn't seem to me that there's been any improvement. I am aware that no corporate enitity can lose money forever, but I'm taking this latest salvo with a grain of salt.
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