AirTran eliminates all fleet growth for next 18 months

SlumTodd_Millionaire

SlumTodd_Millionaire

Most Hated Member
The quarterly conference call took place this morning. A bigger loss than expected at $35 million for the quarter. With oil prices holding above $100/bbl, they've decided to eliminate all fleet growth planned for the second half of '08 and for all of '09. We take delivery of two new 737-700s this spring, and then that's it until 2010. At least I got off reserve before things came to a screeching halt. :(
 
blee256 said:
Any word about another attempt at Midwest express?
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Last we heard from our CEO, he now considers MEH to be worth less than half of what TPG/NWA paid for it. If the "new" Delta is required by the DOJ to divest themselves of the MEH holding, then it might be sold cheap enough for us to consider it, but it's unlikely. Right now there are no merger talks going on between AAI and any other carriers, and the current plan is to go it alone. But, with our stock almost down to $3, you never know what could happen. For $300 million, you could own AirTran Airways, a company with 7 straight years of profitability and $2.5 billion in annual revenue. Crazy.
 
Jim Cramer also said that Bear Stearns was a smart investment the day before they cratered. Not that I disagree with his assessment of airline investing, but don't ever take advice from Jim Cramer.
 
I used to think it was an act, and I thought it was pretty entertaining for a while. Then I saw him go into a fit of rage and actually throw a phone across the room on his Mad Money show, and I realized he really is off his rocker. The guy needs some serious meds.

It's still somewhat entertaining, though. :)
 
Shhhh said:
Shes clearly annoyed
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surreal1221 said:
She's clearly cute. ;)
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She is clearly Both!, can you say Hittable?:D;)

surreal1221 said:
I like this burst of Cramer excitement. . .

So peaceful. . .and then. . .ANGER!

[yt]rOVXh4xM-Ww[/yt]
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PCL_128 said:
I used to think it was an act, and I thought it was pretty entertaining for a while. Then I saw him go into a fit of rage and actually throw a phone across the room on his Mad Money show, and I realized he really is off his rocker. The guy needs some serious meds.

It's still somewhat entertaining, though. :)
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This deserves five ROTFL, What a nutcase!

:rotfl::rotfl::rotfl::rotfl::rotfl:
 
PCL_128 said:
Jim Cramer also said that Bear Stearns was a smart investment the day before they cratered. Not that I disagree with his assessment of airline investing, but don't ever take advice from Jim Cramer.
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He also told a lady to dump her Yahoo stock about a week before Microsoft announced it wanted to buy yahoo, and it jumped almost 50 percent. And on a lightning round someone asked about Visa stock, cramer said "sell,sell,sell" at 65, it was up to 73 yesterday.

Cramer is wrong some of the time. If you buy stocks on Cramers recommendation alone, you deserve to lose your money. But his general suggestions about investing are educational, i think.
 
blee256 said:
But his general suggestions about investing are educational, i think.
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Eh, I'm not so sure about that. I realized that his investing style wasn't for me when he once said that he considered a long-term investment to be something that you hold for at least 2 weeks. Good grief, it takes me 2 weeks to just research a stock. If I'm buying it, I'm holding on to it for years.
 
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