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Besides US Air Who Else Might Fall In The USA  
User currently offlineGREATANSETT From Australia, joined Aug 2003, 508 posts, RR: 3
Posted (10 years 4 months 2 weeks 3 days 18 hours ago) and read 4158 times:

IM just Wondering, besides US AIR, what other airlines within the States are close to collapes, please explain your answer?


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10 replies: All unread, jump to last
 
User currently offlineCory6188 From United States of America, joined Feb 2004, 2686 posts, RR: 6
Reply 1, posted (10 years 4 months 2 weeks 3 days 17 hours ago) and read 4075 times:

UA came pretty close to collapsing as well, but they have since stabilized. Things are looking pretty bleak at AA as well.

User currently offlineNIKV69 From , joined Dec 1969, posts, RR:
Reply 2, posted (10 years 4 months 2 weeks 3 days 17 hours ago) and read 4053 times:

AA will survive, UA has flirted with death but hung in there, I don't think any other US carrier is as close to the end as USAirways is.

User currently offlineWarren747sp From United States of America, joined Feb 2004, 1160 posts, RR: 0
Reply 3, posted (10 years 4 months 2 weeks 3 days 17 hours ago) and read 4049 times:

UA would have to come to mind. But if UA collapses, would AA, DL or just LCC benefit?


747SP
User currently offlineFreshlove1 From , joined Dec 1969, posts, RR:
Reply 4, posted (10 years 4 months 2 weeks 3 days 17 hours ago) and read 4049 times:

No one will fail, even if they have to go Chapt.11 they will reorganize and come back stronger.

User currently offlinePilottim747 From United States of America, joined Jul 2001, 1607 posts, RR: 5
Reply 5, posted (10 years 4 months 2 weeks 3 days 16 hours ago) and read 4017 times:

Freshlove1, that's what I'm thinking. I think that all the airlines will survive this hardship. I'm optimistic that US Airways will be able to pull out of its current situation.

pilottim747



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User currently offlineCloudy From , joined Dec 1969, posts, RR:
Reply 6, posted (10 years 4 months 2 weeks 3 days 14 hours ago) and read 3889 times:

UA and perhaps Midwest Express are still in danger, AA may be in the next year. Northwest and Continental are probably safe, as is Delta(Though is is having some problems now). ATA may be in danger if there is another downturn.

Good times can kill airlines just like bad times can, if competitors are strong and the airline is very weak to begin with(That is, when most assets already have loans against them). When times are good, aircraft and other assets rise in value. In bankruptcy court, it is the creditors and judge who decide if and how an airline keeps operating. When asset values are high, the liquidation option looks more attractive.



User currently offlineUnicorn From Vatican City, joined Nov 2003, 102 posts, RR: 1
Reply 7, posted (10 years 4 months 2 weeks 3 days 14 hours ago) and read 3841 times:

Delta is also in deep financial straits.

They have some of the highest labour costs in the industry, are hemmoraging red ink, have a completely unhedged fuel position during a period of sky high fuel prices, and have a mountain of debt and pension plan commitments.

The government may have allowed them to defer their pension problems, but the rest are all conspiring to undermine their position.

They could be in Chapter 11 before the end of the year, and that may only be a stopover on the way to Chapter 7.

With that said however, US Airways looks a lot more vulnerable, and may be forced into bankruptcy before the end of the year.

Unicorn


User currently offlineA380900 From France, joined Dec 2003, 1110 posts, RR: 1
Reply 8, posted (10 years 4 months 2 weeks 3 days 14 hours ago) and read 3839 times:

Definitely the Bush regime.

[Edited 2004-04-20 07:26:59]

User currently offlineJohn From United States of America, joined Sep 1999, 1374 posts, RR: 5
Reply 9, posted (10 years 4 months 2 weeks 3 days 13 hours ago) and read 3785 times:

I'll say this again, take a look at the STAGGERING lossses at UA, AA, DL and NW for 2003!! For cripe sakes people, US Airways obviously posted a loss for 2003, but it was a tremendous improvement over 2002 and nowhere near as deep as the above mentioned carriers! Do your homework folks and quit pointing the finger at US Airways, there's plenty of cash reserve for now, load factors are way up and I believe 2nd quarter results will reflect much improvement.

User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Reply 10, posted (10 years 4 months 2 weeks 3 days 13 hours ago) and read 3763 times:

UA came pretty close to collapsing as well, but they have since stabilized.
******

Have they, the most recently released UAL report (Feb I think) still has them losing between 6 million and 9 million dollars per day. This is after the steep pay cuts, and while UAL continues trading under protection and while they continue to not pay their bills.

While they are not imminently in panic, they are still in serious trouble, and have lots of work to do to survive

J


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