Atlas News
Join Date: May 2000
Location: New York
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Who was that other winner from Canadian that Atlas hired into ops a few years ago. What happened to him? I remember sitting at a company dinner a few years ago while Paul F and he discussed what great cruises that the company officers went on, the opulance of the BBJ, etc. while I sat there thinking . . . ya, know these guys have a lot of huzpah talking about this stuff in front of aircrews who just had their profit sharing illegally taken away. Just another reason why I no longer work for them.
[ 10 July 2001: Message edited by: Roadtrip ]
[ 10 July 2001: Message edited by: Roadtrip ]
Join Date: May 2000
Location: Seattle
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fr8box:
The only "50% loss" Atlas might have had as of July 3 is in its stock price. They have not yet, AFAIK, posted their quarterly results (SEC form 10Q).
If that is what you are referring to, it should be no surprise to Holly Hegeman. These days, stock price is as much a measure of investor confidence in NEAR TERM profits as anything else. Atlas posted a significant profit in Q1 (they even reported more "record" results) before correcting it after the fact for the Profit Sharing settlement with the Flight Crews (a single-quarter writedown, after the fact, to offset payments withheld for 2 years?!?). The analysts also have predicted a "flat" Q2 return AFTER writedowns for the recent furloughs and layoffs. Q3 and Q4 profitability, however, is predicted to be right back up to par, as is 2002!
Watch out for that whitewash!
The only "50% loss" Atlas might have had as of July 3 is in its stock price. They have not yet, AFAIK, posted their quarterly results (SEC form 10Q).
If that is what you are referring to, it should be no surprise to Holly Hegeman. These days, stock price is as much a measure of investor confidence in NEAR TERM profits as anything else. Atlas posted a significant profit in Q1 (they even reported more "record" results) before correcting it after the fact for the Profit Sharing settlement with the Flight Crews (a single-quarter writedown, after the fact, to offset payments withheld for 2 years?!?). The analysts also have predicted a "flat" Q2 return AFTER writedowns for the recent furloughs and layoffs. Q3 and Q4 profitability, however, is predicted to be right back up to par, as is 2002!
Watch out for that whitewash!
Join Date: Sep 2000
Location: Ny, NY, USA
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One thing you can say about the late MC, he was very successful in keeping the company in contracts. Not too sensitive about his human resources........however, he was able to keep things on the lucrative side. I can't say the same about the current lot. They seem more interested in busting the union than bringing in income for Atlas.
Greed has destroyed more companies than Atlas.
The current stock holders should be kicking someone's ass concerning the sub $15.00/share stock price. Maybe they should hide a certain VP's nitro pills and up the stress level a few notches. Best of luck for a good contract.
Greed has destroyed more companies than Atlas.
The current stock holders should be kicking someone's ass concerning the sub $15.00/share stock price. Maybe they should hide a certain VP's nitro pills and up the stress level a few notches. Best of luck for a good contract.
Join Date: Jul 2001
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Not sure where the guys saying Atlas still operates (and incurs expenses I would assume is the implication??) the BBJ, but, look at their PUBLIC filing of the 1st quarter 10Q.
"In March 2001, the Company sold its business jet,.... in a like-kind exchange transaction and has replaced it with lower cost aircraft to be used by executives in domestic and international travel"
"In March 2001, the Company sold its business jet,.... in a like-kind exchange transaction and has replaced it with lower cost aircraft to be used by executives in domestic and international travel"
