UNITED AIR LINES TO LAY OFF 950 PILOTS

gatt writes:

So, really, the only thing that's actually driving the cost up today ...

The cost isn't really rising much. It's just that the dollar is falling. The
cost of oil in other currencies is far more stable, since they are not
falling.

Hi,

In article ,
wrote:
gatt writes:

So, really, the only thing that's actually driving the cost up today ...

The cost isn't really rising much. It's just that the dollar is falling. The
cost of oil in other currencies is far more stable, since they are not
falling.

Yeah, cos our fuel in the UK hasn't risen by about 20p a litre this year or
anything...

Andy

Andy Hawkins writes:

Yeah, cos our fuel in the UK hasn't risen by about 20p a litre this year or
anything...

What is the total price per litre?

Hi,

In article ,
wrote:
What is the total price per litre?

Diesel is currently something like £1.30 a litre, petrol maybe £1.15 or
£1.20 I think.

Andy

On Jun 28, 12:31*pm, Andy Hawkins wrote:
Hi,

In article ,
* * * * * wrote:

gatt writes:

So, really, the only thing that's actually driving the cost up today ....

The cost isn't really rising much. *It's just that the dollar is falling. *The
cost of oil in other currencies is far more stable, since they are not
falling.

Yeah, cos our fuel in the UK hasn't risen by about 20p a litre this year or
anything...

Andy

UK also has a mortgage/banking "issue" to work through, buy no one
goes bankrupt due to hospital bills..jG

Mxsmanic wrote:

gatt writes:

So, really, the only thing that's actually driving the cost up today ...

The cost isn't really rising much.

A barrel of oil was €40.98 in 2006. Today, it's about €89.95 or so.
(That's US$50.00 in 2006, US$142.00 or so currently.)

Also, United is an Amerian airline, and makes its revenues in US
dollars, and pays for its fuels in US dollars. Its fuel costs, like
most airlines in the USA, have risen considerably.

It's just that the dollar is falling.

That is only one factor. There are others as well.

Only a very stupid person given to simple-mindedness would believe that
the dollar's fall in value is the single reason for the current run-up
in oil prices.

The
cost of oil in other currencies is far more stable, since they are not
falling.

The cost of oil in euros is somewhat more stable than in dollars, but
the increase has still been tremendous. Your paroxysms of bloviation
do not negate that.

On Jun 26, 6:15*pm, gatt wrote:
Larry Dighera wrote:
I expect to see a lot more of this sort of thing occurring as the
economy worsens:

Time to burst the speculator-driven oil bubble once and for all:

"NEW YORK (CNNMoney.com) -- The Dow plummeted more than 350 points
Thursday as selling accelerated following a record surge in oil prices.
The three major indexes took a beating right out of the gate after
Goldman Sachs downgraded two key Dow components, and two tech leaders
disappointed investors."

"Khelil joins a long list of forecasters who have made bold oil price
predictions this year. Each new forecast—such as Goldman Sachs' recent
prediction that prices could rise as high as $200—causes a jump in
prices as speculative buyers are drawn into the market."http://www.breitbart.com/article.php?id=D91HU5I81&show_article=1

"WASHINGTON (Marke****ch) -- The price of retail gasoline could fall by
half, to around $2 a gallon, within 30 days of passage of a law to limit
speculation in energy-futures markets, four energy analysts told
Congress on Monday."

So, really, the only thing that's actually driving the cost up today,
and causing stock market turbulence, is a) the jackass predictions and
b) the entities "drawn into the market" *Maybe it's time to kill the
messengers after all.

Naturally, when the bubble finally bursts there will be a whole bunch of
hand-wringing and pleas for taxpayer-subsidized bailouts, ruined
retirements funds and calls for Congressional investigation. *But the
economy will explode as the average American consumer feels as if a
crushing weight has just been lifted from his shoulders.

My rapidly-depreciating .02.

-c

Historically gas prices have see-sawed wildly, from the $30+ barrel
"Carter Killer" run up in the late 70's down to the $10 oil-bust level
in the early 80's.

Recently gas ran up to $1.80 after 9/11/01 down to 89 cents early
2002. When the speculators leave prices tend to fall...JG

Larry Dighera writes:

I expect to see a lot more of this sort of thing occurring as the
economy worsens:


http://www.chicagotribune.com/travel...,0,81993.story
Today we announced initial details concerning the first wave of
pilot furloughs resulting from our plans to take 100 aircraft from
our mainline fleet due to record high oil prices and a softening
U.S. economy. The first notices to furlough approximately 100
pilots for the flying month of September will be issued in
mid-July.

By the end of 2009, when we expect to complete the full reduction
of our 94 B737 aircraft and six B747s (see June 4 NewsReal), we
anticipate the need to furlough approximately 950 active pilots.
This process is one of the difficult but necessary steps we need
to take to size our business appropriately to reflect the current
market reality....

Companies that try to reduce costs rather than increase revenue eventually
tend to fold, because you can only reduce costs to zero (and you'll go out of
business long before that), whereas you can increase revenue indefinitely.
Cost-cutting is easy for even the stupidest corporate officers to understand,
but it's a poor, short-term, emergency measure, not a competent way to manage
a company.

On Sat, 28 Jun 2008 18:38:29 +0200, Mxsmanic
wrote in :

Larry Dighera writes:

I expect to see a lot more of this sort of thing occurring as the
economy worsens:


http://www.chicagotribune.com/travel...,0,81993.story
Today we announced initial details concerning the first wave of
pilot furloughs resulting from our plans to take 100 aircraft from
our mainline fleet due to record high oil prices and a softening
U.S. economy. The first notices to furlough approximately 100
pilots for the flying month of September will be issued in
mid-July.

By the end of 2009, when we expect to complete the full reduction
of our 94 B737 aircraft and six B747s (see June 4 NewsReal), we
anticipate the need to furlough approximately 950 active pilots.
This process is one of the difficult but necessary steps we need
to take to size our business appropriately to reflect the current
market reality....

Companies that try to reduce costs rather than increase revenue eventually
tend to fold, because you can only reduce costs to zero (and you'll go out of
business long before that), whereas you can increase revenue indefinitely.
Cost-cutting is easy for even the stupidest corporate officers to understand,
but it's a poor, short-term, emergency measure, not a competent way to manage
a company.


Reducing the number of flights to increase capital asset utilization
seems like a sound strategy to me.

Larry Dighera writes:

Reducing the number of flights to increase capital asset utilization
seems like a sound strategy to me.

How does that work?