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US Airways Won't Sell Assets  
User currently offlineNosedive From , joined Dec 1969, posts, RR:
Posted (10 years 2 months 3 days 5 hours ago) and read 1659 times:

Didn't find anything about this on a search:

Execs say they need "more cost-cutting [methods], but selling company assets is not an option they want to pursue."

Anyone buying this??

http://www.mcall.com/business/local/all-usairmay20,0,3367737.story?coll=all-businesslocal-hed

3 replies: All unread, jump to last
 
User currently offlineNIKV69 From , joined Dec 1969, posts, RR:
Reply 1, posted (10 years 2 months 3 days 1 hour ago) and read 1567 times:

Nosedive, your handle is perfect in describing US' position. They can say what they want. They are in big trouble. They can't possibly compete with WN or B6. So who are they kidding. Their latest trick is to try to get their help to work for nothing. Good luck to them. It does not look good.

User currently offlineElwood64151 From United States of America, joined Feb 2002, 2477 posts, RR: 6
Reply 2, posted (10 years 2 months 2 days 23 hours ago) and read 1511 times:

Actually, this is the right move to make on US's part. They have enough money to continue operating for some time, at least a year, and they are not choosing to reduce their "throughput," or the amount they are capable of producing. Now they just have to learn how to operate their system in a profitable manner.


Those who fail to learn history are doomed to repeat it in summer school.
User currently offlineNosedive From , joined Dec 1969, posts, RR:
Reply 3, posted (10 years 2 months 2 days 23 hours ago) and read 1478 times:

A "good move" yes, but is it enough to stop the bleeding? And the article doesn't mention any cost cutting measures, I imagine those are still being refined. But still, US Airways is going to have a difficult time as others are smelling blood, "profit" margins in the red, and poising for "attacks" against an injured US Airways. Leaner will help US Airways, and, sadly enough, so will the closure of the PIT hub. Yet the question still remains, will US Airways have what it takes to survive?

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