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October 31, 2009

That's It for Ecto

Anyone else out there using Ecto as a blog editor?

See that headline that says “CIT Bankruptcy Looks Imminent?”

That was, originally, a very long blog piece talking about how it appears CIT Group, the parent of CIT Aerospace, the third-largest aircraft leasing company, appears to have put together a pre-packaged bankruptcy deal.

Only one big problem.

When I pushed the “publish” button, the entire post disappeared. And yes, this was after I had carefully saved the thing at least three times to make sure nothing happened to it.

So I go to the software maker’s support boards.

Ever have that sinking feeling in the pit of your stomach? You know the one. When you start reading post after post after post detailing the same problem you have just encountered (and more than once -- it also ate my legendary “Ode to a Hot Dog” post in July) and it’s clear that the developers have not responded in months?

Bye bye Ecto.

Hello MacJournal.

Hopefully we have seen the last of the disappearing posts.

Grrrrrrrrr.

CIT Bankruptcy Looks Imminent

Airline Execs: Pretty Scary Stuff

It's Halloween. BOO!

For at least two airlines -- that means it is time to get scary.

Especially for some of the airlines' top executives.

Friday over on Denton Drive here in Dallas, it appears that Southwest Airlines' former Chairman and CEO Herb Kelleher decided to go with the Willie Nelson/Biker combo look, while current Chairman, President and CEO Gary Kelly pranced down the Yellow Brick Road as Dorothy.

I don't know what it is with Gary and his cross-dressing tendencies, but ever since he turned out as Edna Turnblad a couple of years ago -- we're almost afraid to look. (Last year Gary and two associates were attired as ZZ Top.) Early betting this year had Gary dressing as Julia Child.


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But here's the one that got me. Anyone know who that is?

That's US Airways' COO Robert Isom. I tell you what -- that boy has the Barry Gibb thing going, doesn't he? I hear he hit some pretty high notes Friday as well -- as the US Airways' executive team, aka the Bee Gees, entertained airline employees at the airline's headquarters in Tempe.

Gotta love that hair.


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October 24, 2009

The Mighty Allegiant Posts A Record Operating Margin


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I'm sitting here writing this week's in-depth earnings call review of the third quarter results from Allegiant Travel.

It, along with in-depth looks at the earnings results from other airlines, will be in this week's issue of PlaneBusiness Banter, which will be posted Monday.

Inundated with numbers and corporate executive double-speak as I am this weekend (and yes, in case you missed it, we did have a moment of "triangulation" in this quarter's United Airlines' call) I simply had to stop and relay something I just wrote -- for all of you. Not just subscribers.

In fact, I should have mentioned it here in PlaneBuzz earlier this week. I simply forgot to do so.

(As for the "triangulation" reference, if you are a faithful reader you know that I am referring to a "Tiltonism.") Enough said.

But back to what I wanted to share. It needs no introduction except to say it comes from the beginning of my review of Allegiant's third quarter earnings performance.

And I quote,

"Maury [Gallagher, CEO of Allegiant] is never one for subtlety. And this quarter was no exception as he let everyone know two things on the call -- right off the bat. One, the third quarter is typically the weakest of the four for the airline. Two, the airline posted a 16.5% operating margin for the quarter."

I feel like I need to insert the sound of a rimshot here. Please.

Did you happen to catch that number? Let me replay it for you. S-l-o-w-l-y. The airline posted an operating margin of 16.5% for the quarter.

Okay, I'm going back to work. I suggest you close your mouth and go back to whatever it is you were doing before I interrupted you.

And people wonder why I like this airline's damn business plan so much. Sheesh.

October 21, 2009

Oil Leaps Above $80/Barrel -- Airline Stocks Sink


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Want to know why most all airline stocks sunk like they had rocks tied to their little feet today?

That's right. Give the man in the back row with the red shirt on a gold star.

It's oil. Or rather, the exploding price of oil.

Crude oil futures closed at 81.37 today -- up a hefty $2.25.

Why? One major factor-- the continued drop in the value of the dollar. The euro climbed about $1.50 today, the highest level since August 2008.

And as all bright PlaneBuzz readers know -- oil is priced in dollars. So as the dollar falls in value, international investors start bidding up the price of oil futures as a play against the weakening U.S. currency.

That's the way the markets work.

Reading the Fine Print: Southwest Taking a Page from the AirTran Playbook


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Wanna get Southwest to begin service to your city? Wanna write a check?

If some of you are scratching your heads over the news that Southwest Airlines is going to start service from "Northwest Florida's New International Airport near Panama City, Florida" in May 2010, all one needs to do is take a look at the fine print in an SEC filing from the St. Joe Company -- a major land developer in the Florida panhandle.

According to St. Joe's SEC filing dated today, $14 million in revenue guarantees, profit sharing, and a no-compete agreement are just some of the "enticements" being put on the table for Southwest.

Is this AirTran or Southwest we're talking about?

"St. Joe has agreed, to the extent that Southwest operates at a loss, to make quarterly cash payments to Southwest to cover shortfalls in the results of Southwest’s operations at the new airport during the first three years of service. For purposes of the break even calculation, the agreement establishes fixed amounts for Southwest’s non-fuel expenses and the minimum revenues that will be attributable to the air service. It also provides that Southwest’s profits from the air service during the term of the agreement will be shared with St. Joe up to the maximum amount of St. Joe’s prior break even payments.

The term of the agreement extends for a period of three years after the commencement of Southwest’s air service at the new airport. The agreement may be terminated by St. Joe if the payments to Southwest exceed $14 million in the first year of air service, or $12 million in the second year of air service. St. Joe may also terminate the agreement if Southwest has not commenced air service to the new airport within 90 days of its opening. Southwest may terminate the agreement if its actual annual revenues attributable to the air service at the new airport are less than certain minimum annual amounts established in the agreement.
Southwest’s obligation to commence air service to the new airport is conditioned upon: (1) the certification of the new airport by the Federal Aviation Administration and the Transportation Security Administration on or before April 15, 2010; (2) receipt by the local Airport Authority of a certificate of occupancy for the new airport on or before April 15, 2010; (3) the execution of satisfactory agreements between Southwest and the Airport Authority authorizing Southwest to use and lease space at the new airport and to receive any cost mitigation measures that may be available from the Airport Authority; (4) the execution of an agreement between Southwest, the Bay County Tourist Development Council, the Panama City Beach Convention and Visitors Bureau and the Beaches of South Walton Tourist Development Council, no later than 30 days from the date of the agreement, regarding the coordination of marketing resources and efforts for the air service; (5) the execution of an agreement between Southwest and Coastal Vision 3000, no later than 60 days from the date of the agreement, regarding the establishment of a program through which Southwest would receive available room nights free of charge at various rental properties in Northwest Florida for use in the marketing efforts for the air service; and (6) the execution of any other agreement that Southwest deems necessary or appropriate prior to the commencement of the air service.

Southwest has agreed that it will not commence air service to any airport within 80 statute miles of the new airport during the term of the agreement. In the event Southwest starts service to any airport that is more than 80 statute miles but within 120 statute miles from the new airport during the term, Southwest and St. Joe will either negotiate a modification to the terms of the agreement to accommodate the impact of such service or the minimum revenues used in the annual break even calculations under the agreement will automatically be increased by 10%. In such event, Southwest has agreed that the air service to the new airport in Bay County would not be diminished."

The Earnings Just Keep on Coming...


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During weeks like this, I'm not really sure if I should even get out of bed in the morning.

Considering we are enjoying a nice gentle Fall rain here in the DFW Metroplex this morning, that's even more incentive not to get up.

Alas -- duty calls.

Two days, and we have now had six airlines have report earnings so far this week -- with more to come. The rundown goes like this: Continental, UAL, parent of United Airlines, AirTran, Allegiant, Hawaiian, and AMR, parent of American Airlines.

Any surprises in the results that have rolled out so far this week?

No real "surprises" but a few things that do warrant some discussion.

One -- United Airlines posted pretty good numbers for the quarter. Excluding special items, the airline posted a loss of $0.43 a share. This was much better than the consensus forecast of loss of $0.94. The airline posted better than expected results both on the revenue and the cost side. The airline posted a 2.8% operating margin. Granted, that kind of margin would make people in other industries weep. But in this industry, it might end up being one of the better performances for the quarter -- compared to its peers.

AirTran? No real surprises here. The airline posted a good quarter. Forecast was for the airline to post a profit of 8 cents a share. That's what the airline did. It also posted a very nice 5.1% operating margin -- 13.5 points better than third quarter 2008.

Dovetailing with the upgrade note on AirTran issued by JP Morgan analysts Jamie Baker and Mark Streeter late Sunday, the airline did, in fact, post a better operating margin than Southwest this quarter. Southwest posted a 4.8 operating margin (excluding special items.)

Allegiant? Another great quarter by the airline. The airline reported a profit of $0.68, which was better than the Street estimate of $0.63. The best news from the airline's call to me was the fact that the airline's new service in Los Angeles seems to be off to a tremendous start. The airline said that July operating margins for the new service, which just started in May, were already pretty much up to the airline's system average. This compares to other markets, which have usually taken as long as two years to hit the same levels.

Continental reported this morning, as did AMR.

Continental reported a net loss of $18 million or $0.14. Excluding $20 million in special charges, the airline posted a profit of 2 cents a share.

Analysts had expected the airline to post a loss of 6 cents a share.

As for AMR, parent of American Airlines -- the news wasn't nearly as positive. The airline didn't come anywhere near a profit for the third quarter.

The airline posted a net loss this morning of $359 million or $1.26. Excluding special items, the airline posted a loss of $265 million or $0.93. Consensus had the airline expected to post a loss of $0.95. Operating margin? Excluding special items, a negative 2.5%.

We're off to listen to the calls from both CAL and AMR. Behave yourself while I'm gone.

October 19, 2009

PlaneBusiness Banter Now Posted


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Hello everyone.

This week's issue of PlaneBusiness Banter is now posted.

Subscribers can access this week's issue here.

First up this week is an in-depth look at the third quarter results posted by Southwest Airlines last Thursday.

While I considered the airline's numbers to be in the "mixed" category, the airline saw its debt rating dropped yet another notch last week by S&P, and late last night JP Morgan analysts Jamie Baker and Mark Streeter issued a research note in which they downgraded the stock. And upgraded shares of AirTran.

The two minced no words as they wrote, "Investors aren’t likely to confuse Southwest with AirTran, as only one offers the combination of lower costs, higher profits, better current liquidity, a severely battered share price and cheaper valuation. If you still aren’t sure which, here’s your last hint: it’s the one with assigned seats. Our equity rating on AirTran moves from Neutral to Overweight, while Southwest equity drops from Neutral to Underweight."

Yowie.

That one hurts.

Great news for AirTran though. Can't say I disagree with the reasons behind the dynamic duo's downgrade or their upgrade.

In other news, the United Airlines' ALPA MEC made history this week. The pilot group elected a woman to be its new chairman. Captain Wendy Morse was elected Chairman and Captain Garry Kravit was elected vice chairman of the MEC. Yes Steve Wallach was sent packing. The vote was close, according to reports.

On the international front, it looks like the Japanese government is going to bail out JAL. No other choice. The airline's creditor banks refused to go along with a restructuring plan presented to them.

American Airlines' pilots were picketing in Washington last week. Why?

Good question.

And our final question for the week -- who is buying up shares of ExpressJet?

All of this and much much more in this week's issue.



October 15, 2009

Southwest Airlines Kicks Off Third Quarter Earnings Parade


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This morning Southwest Airlines kicked off the third quarter earnings parade for the things with wings.

The bulk of the sector reports earnings next week.

Excluding items, the airline reported a profit of 3 cents a share. This was a bit better than the street consensus, which had forecast the airline would post a profit, excluding items of two cents.

On the revenue side, the airline saw passenger revenue per available seat mile (PRASM) down 2.2%. This was much better than the airline's PRASM drop of 6% it recorded in the second quarter. However, yields were down 12% to 12.94 cents/mile.

On the cost side, the airline saw CASM jump 6.6%, excluding fuel and special items. Last quarter, CASM was up 5.9%.

Operating margin came in at 4.8%. This was a tad lower than last year, when the airline posted a 5.1% operating margin. Not necessarily that good a thing when you consider where the price of fuel was for much of the third quarter last year.

The basics reported today were: Net loss for the quarter was $16 million or $0.02 a share. This compared to last year when the airline posted a loss of $120 million or $0.16 per share.

The results included the following special items: A charge of $27 million related to the airline's early-out program they offered employees and a loss of $12 million related to non-cash mark-to-market items related to the airline's fuel hedging program.

Excluding the special items, the airline posted a profit of $23 million or $0.03. This compared to last year when the airline posted a profit of $69 million or $0.09.

October 14, 2009

FAA Proposes $5.4 Million Civil Penalty Against US Airways; $3.8 Million Against United Airlines


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Hark! Today there is news of two proposed FAA penalties -- and the news does not involve an airline based in the Dallas area.

Today the FAA announced that it has assessed a proposed civil penalty of $5.4 million against US Airways, and a proposed civil penalty of $3.8 million against United Airlines.

in the case of US Airways, the FAA said in a statement that the airline allegedly operated eight aircraft while out of compliance with safety directives or its own maintenance program.

In a letter to employees issued just a few minutes ago, US Airways COO Robert Isom wrote,

"It is important to remember that today’s announcement references situations that are in the past, and in several cases, date back to two years ago. This isn’t to make light of the findings or our corrections to those findings, rather it’s to say these occurrences are behind us, and today, we have improved upon an already solid maintenance program.

The FAA proposed civil penalty dates back to challenges we faced related to our America West/US Airways maintenance integration in 2007. The integration presented some challenges in the areas of inspection and records during 2007, 2008 and early 2009. Our team has worked cooperatively with the FAA to investigate and correct any discrepancies to the FAA’s satisfaction.

More specifically, over the past nine months, we and the FAA have completed a formal review of our aircraft maintenance tracking systems as well as a comprehensive review of our maintenance program. This collaborative process included efforts to identify the issues, drill down to find the root cause and develop comprehensive fixes."

However, In the case of United Airlines, the FAA alleges that the airline flew one Boeing 737 aircraft on more than 200 flights after "violating its own maintenance procedures." That's the "official" language. In plain language, the airline apparently continued to fly a plane that had shop towels stuffed in the aircraft's engine.

On April 28. 2008, a United 737 returned to Denver after shutting down an engine due to low oil pressure indications. During teardown of the engine a week later, United mechanics found that two shop towels, instead of protective caps, had been used to cover openings in the oil sump area when maintenance was done in December 2007. As a result of United's failure to follow its maintenance procedures, between February 10 and April 28, 2008, the airline continued to fly the airplane on more than 200 revenue flights when it was not in an airworthy condition.

Wonderful. Shop towels?

As is the case with all proposed FAA fines, each airline will have 30 days in which to appeal the proposed fines. In the past, this would then be followed by a little horsetrading between the airlines and the FAA -- in an attempt to lower the fine amounts.

Will be interesting to see how much these fines are reduced. Especially the United one. While the US Airways' transgressions seems to be based on issues involving proper record keeping of the newly merged airline -- the shop towel incident with United strikes me as a much more serious "safety" issue.



October 13, 2009

Kate Hanni Files Suit Against Delta Air Lines and Metron Aviation: Accuses Delta Air Lines Of Hacking Her Email Account


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Man oh man.

Some days you just couldn't do a better job of making up a blockbuster story if, well, you made it up.

Today is definitely one of those days.

According to a complaint filed in U.S. District Court for the Southern District of Texas, Kate Hanni -- the woman who has been at the forefront of the move to get a passengers' bill of rights passed on Capitol Hill, claims that Delta Air Lines hacked her email accounts, in addition to personal files on her computer.

What the hell you say? I know. When I read the headlines I was skeptical too. But that was before I read the formal complaint filed by Hanni's attorneys and the accompanying exhibits.

You too can do the same. You can access the complaint here, and the exhibits document here.

Here's the Cliff Notes version.

Hanni, who is the executive director of the Coalition for an Airline Passengers' Bill of Rights had her AOL email account hacked into. In addition, the attack was apparently done using some type of malicious little code that also copied files from her personal computer. According to Hanni's complaint, "Specifically, private e-mails and sensitive files were obtained by Delta Air Lines, Inc. (“Delta”) and subsequently used to sabotage Flyersrights’ efforts to pass the “Airline Passenger’s Bill of Rights of 2009” through Congress."

Here is the meaty stuff from the complaint:

"11. Beginning in February 2009, Hanni exchanged information with Frederick J. Foreman, PhD (“Foreman”), an MIT graduate working for Metron Aviation, Inc. (“Metron”). Foreman was hired by the FAA to analyze airline surface delays. During their correspondence, Foreman, with explicit permission from Metron, updated Hanni with public information and statistics from his research and analysis. Hanni, in return, provided Foreman with data and information she acquired about surface delays. In his final report, Foreman pinpoints Delta as an airline experiencing excessive surface delays.

12. During the time Hanni was sharing information with Foreman, Hanni’s personal computer files and Flyersrights e-mail accounts were hacked. America Online (“AOL”), Hanni’s e-mail service provider, confirmed the e-mail accounts were hacked. As a result of the hacking, spreadsheets, lists of donors, e-mails, Department of Transportation statistics and Hanni’s personal files were redirected to an unknown location. Additionally, all of the information on Hanni’s personal laptop was corrupted and rendered useless.

13. On September 25, 2009, Metron executives confronted Foreman with the stolen e- mails and claimed Delta, a client of Metron, was angry about Hanni getting information that would help pass the Airline Passenger Bill of Rights.3 Metron had the stolen e-mails and files from AOL and Hanni’s personal computer in its possession.

14. When Foreman asked Metron how Metron obtained the information, Metron claimed that Delta had provided them with the stolen e-mails.4 Confirming Metron’s claims, the screenshots of the stolen e-mails presented to Foreman were from Delta. Foreman was fired by Metron the same day."   

Holy crap.

All I can say is read the exhibits, particularly the statement from Mr. Foreman. Pretty damning stuff if you ask me.  

Can't wait for this one to unfold.

Hanni is asking for $1 million in actual damages and $10 million in punitive damages. More importantly, she wants to know how her personal files and emails were obtained by the Delta Air Lines and Metron.

I want to know too.

October 6, 2009

Pricing of UAL's Latest Creative Financing Deal


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For those of you with inquiring minds, United Airlines priced its public offering of EETCs at 10.4%. Total being financed is $659 million.

The deal was announced yesterday.

October 2, 2009

Coyotes, Jessica Simpson and Me

I didn't really plan on not posting any other posts this week.

It's just that I couldn't write for a couple of days.

During a two day span earlier this week, my little family at the PlaneBusiness Worldwide Headquarters was pretty much decimated.

I'll spare you the gory and painful details.

But on Sunday morning I lost the love of my life.

His name was Max.

And he was the most handsome cat you ever saw. Not only that -- but Max had one great friggin' attitude. He actually bounced when he walked. Some might have called it a swagger. He had muscles, he was strong. He was sleek. I often considered writing a children's book about Max and how he conquered Manhattan.

I could just see him with a top hat, striding down Fifth Avenue.

Max had style.

It didn't matter how he sat. Or how he lay on the ground. He always had the perfect look. The perfect pose.

All black, with just a little slight white patch on his tummy, his eyes were gold, and he had one heck of a vertical leap.

But aside from his outstanding physical characteristics, Max and I were hopelessly in love. We had been, ever since his mother had brought him up from under the house I had just moved into back in 2001, dropped him on the front porch, and then looked up at me as if to say, "Okay, here you go. I trust you to take it from here."

And I did. From the time he, all of him, including his tail, could fit curled in one hand.

Over the years Max brought me an assortment of presents. Some alive. Some already dead. Some in-between and in need of rescue. And every time he did, he would do so with tail straight up in the air, with that little hook at the top. All with that same bounce in his step. Only more so. And a different voice. It was his, "Hey Mom, look what I have for you!" voice.

He especially liked to bring me snakes.

Two weeks ago, it was a rat.

Thankfully the rat was smart enough to play dead long enough so I could grab him in a towel and get him back out the door, while at the same time I had to make sure Max was locked up in the office so he couldn't go back out and repeat the process. Thankfully, said rat, who apparently understood the process, came to his senses out on the back deck and got the hell out of dodge.

When he wasn't bringing me presents, he was curled up next to my head. Or licking my ears and purring. When I underwent surgery a few years ago and was bed-bound for weeks, he would curl up next to me every day -- and never leave.

Then there were the business trips. Every time I traveled, Max got depressed.

I mean seriously depressed.

His most manipulative (and effective) trick was to simply lay out fully on the bed, with his head hanging down off the side of it. He would be, of course, next to the suitcase. The overall effect was nothing short of devastating.

He wouldn't even pick his head up to acknowledge my presence.

This would go on for hours while I packed.

That night, he would then sleep on the suitcase.

The next morning, when I left, he would get under the bed and refuse to say goodbye.

Every trip, it was always the same routine.

Unfortunately, last Sunday morning, Max was taken. Violently. And neither of us got to say goodbye.

I can't write about it except to say that because of where I live, no animal stays outside after dark. I know that there are too many predators in my environs. Coyotes are only one possible threat.

That's okay. My cats spend every night inside. Actually Mom spends most of her time inside anyway, Ernesto would spend his time either in the house or in the back yard. Max was the only one that would go out, check his territory and then come back for a snack and a nap before repeating the process in the afternoon.

Sunday morning I was up early, as I wanted to get PlaneBusiness Banter finished and posted on Sunday.

The days are getting shorter.

Because I was up about 6:20 or so, it was still not fully light outside. That fact never even registered in my mind.

All cats and dogs were fed.

Meanwhile, I went out and got the Sunday paper, put on the water for coffee, and Max was, by this time, done with his breakfast. I open the door and let him out.

That was the last time I saw him alive.

I know what happened. I know what did it.

All day Sunday I was on edge. I kept going out and calling for Max. I knew something was terribly wrong. Max was a cat with a schedule. He never just "wandered off."

As the day wore on, it became harder and harder to write. I became more and more upset.

Monday afternoon I found out what had happened. After I had posted PBB.

But it gets worse.

Monday night, the house was, no surprise, in lock-down mode.

All animals were inside by 6.

I was a basket case.

Tuesday morning, I feed my two remaining kitties. Momma Kitty, who has now lost the love of her life, and Ernesto. That morning it was not dark outside. It was about 8:30. The dog had already been out. The kids were waiting for the bus down the street. People were walking their dogs outside.

Ernesto had finished his marinated tuna and was sitting at the door. I went outside and looked around. I looked behind the little storage hut in the back yard. I looked down the private drive that runs behind our house. The one that shoots over to the lake.

I didn't see anything.

I let Ernesto out.

I put the water on for some coffee. I go outside and get the paper. (Creature of habit, aren't I?)

I go into the bathroom.

I am not in there but 2 or 3 minutes before I hear the dog start going crazy. She comes banging into the bathroom, whining.

I say something to the effect of, "What is YOUR problem?" She just won't stop.

I walk out into the kitchen, let her out the door, and she makes a frantic dash to the back corner of the yard.

I then, in a split second before I even looked, knew what I was going to see.

Ernesto was gone.

While Ernesto was not the love of my life, I felt a particular closeness to him. He had the most perfectly beautiful blue eyes. His coat was magnificent as well -- a kind of buff color with little ginger color points on his ears. He also had little freckles on his nose. Little brownish color points on an all-pink background.

Ernesto showed up at the back door one night, years ago. He was skinny, dirty, full of fleas, and was licking the bar b-q grill on the patio. He was also very scared of humans.

Over about a six month period Ernesto bit me about 6-7 times. But I kept working with him, because it was clear he was a very good cat. He had just been abused.

Little did I know -- those humans lived right across the street.

Yes, I guess you could say that Ernesto just decided that he had gone through enough, and he finally decided to leave home because of it. This prompted a little "child custody" tiff that erupted one afternoon with the drunken boyfriend of the young lady who supposedly "owned" the cat. But the tensions eventually died down and Ernesto was, once and for all, a formal member of the household.

Ernesto's funniest trait was that he drooled. The happier he was, the more he would drool. And purr. And drool. And purr.

Like I said, I can't go into the details. I also don't want to talk about how the coyote's turf is being intruded upon. I don't want to talk about how this is just Mother Nature in action either.

I don't want to talk about how it just feels so empty. How it feels like somebody grabbed a piece of my insides and threw it away.

I don't want to talk about how Momma Kitty is grieving. She goes to where Max used to sleep and just sits and looks at me. She goes outside to where he liked to lay in the sun. And she just sits. And waits. She threw up her food for three days.

I sure as hell don't want to talk about how guilty I feel.

If only I hadn't...if only I hadn't gotten up so early, if only I hadn't moved into this house, if only ....

Wednesday I did think about teaching myself how to shoot a shotgun.

I figured I could stay up all night, about 25 feet from a piece of fresh meat, suspended from the tree in the backyard.

And when this animal, which is larger than a large german shepherd, decided to jump into my backyard again -- that would be the last time he jumped anywhere.

Nah, I'd probably miss him and shoot out my neighbor's windows instead. Or my neighbor.

It just hurts.

A lot.

I miss them terribly. They were my family.

The weirdest thing about this week? I never thought I'd ever be accused of having anything in common with the Tony Romo-less Jessica Simpson.

But yesterday, as I stood at the grocery store and read the tabloid headlines about how she had just lost her dog to a coyote, I could certainly relate. Perhaps I need to write her a note.

Having said that, I wish I didn't know how she felt at all.

And that instead, I could have just glanced at the headlines in passing -- as I pulled out my Tom Thumb card, paid for my groceries, come home, and once again been able to ask Max about his day, watched as he and Momma Kitty staged one of their "mock boxing" matches, marveled at how Ernesto's coat was already bulking up for cooler temperatures, and enjoyed a quiet normal night.

Never again.

Glenn Tilton Just Lost His Next Job


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It was not much of a secret that United Airlines Chairman and CEO Glenn Tilton had been treading water for much of the last year, while he awaited the opportunity to be handed his next dream job -- the CEO of the 2016 Summer Olympics in Chicago.

That is, if the city were awarded the Summer Olympics.

Too bad for Glenn.

It was just announced that the International Olympic Committee has chose Rio de Janeiro for the site of the 2016 Summer games.

By popular demand, I repost what has to be one our favorite shots of Mr. Tilton from the archives, as he explains, well, I'm not sure what he is trying to explain. Make up your own caption.