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United asks for another 2 months to get organised  
User currently offlineJayspilot From United States of America, joined May 2001, 298 posts, RR: 0
Posted (9 years 2 weeks 1 day 10 hours ago) and read 12826 times:

United is going down and the righting is on the wall.(see below, what is this the 30th time they have asked for an extension) I hope they crash so hard, (not litterally) The way that company is run is soo messed up and how little most of there employees care about anything makes me not feel sorry for them.. There is too much capacity in the industry and i think cleaning out this old dieing beast will do just fine.



Reuters
UAL Asks for Time for Reorganization Plan
Saturday April 9, 12:06 pm ET


CHICAGO (Reuters) - UAL Corp. (OTC CTA (Switzerland)">BB:UALAQ.OB - News), parent of bankrupt United Airlines, has asked a federal bankruptcy court for another two months to file its bankruptcy reorganization plan without interference from other parties.


In documents filed with the court on Friday UAL asked for an extension of the so-called exclusivity period through July 1. The current exclusivity period is due to expire April 30.

The No. 2 U.S. carrier, in bankruptcy since December 2002, has been given previous extensions.

"An extension of the exclusive periods will enable United to continue its hard work and implement many of its restructuring initiatives," UAL said in the documents.

United, along with the rest of the industry, has been battered by soaring fuel costs, weak revenue and competition from low-cost rivals.

Also on Friday, the union representing the carrier's flight attendants said UAL's management is "refusing to meet the same rigorous standards that employees are held to." The Association of Flight Attendants warned the airline that it would terminate its collective bargaining agreement in 20 days if it did not fix the problem.

The flight attendants in January ratified a five-year labor deal that would save the airline $131 million annually. The deal cut employee wages by 9.5 percent.

As part of its agreement with UAL, the AFA retained the right to audit the company's numbers to ensure that employee sacrifices were equitable.

"It's completely absurd that we wouldn't be meeting our cost savings target on any level," UAL spokeswoman Jean Medina said. "We still need a significant amount of labor savings."

The airline has said it needs to secure $725 million in annual labor savings to exit Chapter 11

92 replies: All unread, showing first 25:
 
User currently offlineCumulonimbus From , joined Dec 1969, posts, RR:
Reply 1, posted (9 years 2 weeks 1 day 10 hours ago) and read 12753 times:

Well wait to all the United supporters see this!!! Let me guess also that you work for another Airliine like WN. I see these topics all the time!!

Mike


User currently offlineAT502B From South Africa, joined Dec 2004, 347 posts, RR: 0
Reply 2, posted (9 years 2 weeks 1 day 10 hours ago) and read 12689 times:

Hardly a sign the airline is going to go under any time soon. They would be crazy to come out of CH 11,until they're ready with cost savings in place and hopefully the price of oil stabilizes under $50/barrel.


I love the smell of jet fuel in the morning.
User currently offlineBritPilot777 From United Kingdom, joined Apr 2004, 1075 posts, RR: 2
Reply 3, posted (9 years 2 weeks 1 day 10 hours ago) and read 12668 times:

For the Love Of God stop with this United is going down bullshit. Im sure other a.net members along with myself have totally had enough of it.

It really doesn't matter if they are on the verge of shutting down, ANYONE who loves the Aviation Industry, and respects in it, Should Wish every God dam night that United survives. I sure as hell don't want to see 1000s and 1000s of people lose their job.

Studying to be a pilot I really don't want to see a MAJOR US airline go down as it would have severe implications to all airlines around the world.

Anyone else Agree?!

Moheet



Forever Flight
User currently offlineFlyHoss From United States of America, joined Feb 2005, 598 posts, RR: 0
Reply 4, posted (9 years 2 weeks 1 day 10 hours ago) and read 12627 times:

Jayspilot,
I'm no fan of UAL either, but take a more pragmatic approach (and a downer) please.
One, if UAL were to cease operations entirely, what makes you think that an LCC or legacy carrier wouldn't fill the gap? Is there too much capacity and thus too little pricing power? Yes. Does that stop anyone from starting another carrier and/or any other carrier from overexpanding (to fill that void)? NO!
Two, ask yourself why UAL's creditor's aren't filing their own (reorganization) plans. How has UAL been able to go this far in Chapter 11 without any attempt to emerge (I predict that corporate Chapter 11 laws will be rewritten after (but only after) UAL is done abusing them)? Are the creditors "in so deep" that they can't afford a UAL shut-down?
Three, does UAL have the Santa Claus of all bankruptcy judges? I think so, but again, the creditors aren't really pushing the issue, are they?
Four, wouldn't UAL and the other legacy carriers be profitable with more normal fuel prices? They'd (UAL) would be able to exit Chapter 11 then...
Where does it end? I don't know. Maybe someday (a couple of years from now) UAL will be forced to shed some assets and emerge or maybe be pieced off entirely. What also bothers me is that UAL has billions in assets (LHR access, the Pacific route authorities, too) but won't fund their own pensions, i.e. having (keeping) their cake and eating it, too while we taxpayers are forced to pay their pensions through the PBGC.



A little bit louder now, a lil bit louder now...
User currently offlineAeroWesty From United States of America, joined Oct 2004, 20322 posts, RR: 63
Reply 5, posted (9 years 2 weeks 1 day 10 hours ago) and read 12592 times:

This is really twisted. It's nothing other than an attempt by the author to write a catchy title so he can get people to click on it enough that it'll appear on the front page of a.net as one of the most popular threads.

Absolutely disgusting, cheap and tawdry.



International Homo of Mystery
User currently offlineWesternA318 From United States of America, joined Oct 2004, 5647 posts, RR: 24
Reply 6, posted (9 years 2 weeks 1 day 9 hours ago) and read 12542 times:

My thoughts exactly AeroWesty, although Ive been author myself of some previous threads on DL shutting down, Ive managed to learn my lesson and just hope that nothing happens to any airline, since I dont want to see 1000s of people jobless. Despite the fact that i always chose F9 and CO over UA or DL, I still wish those people all the luck.


Next trip: SLC-LAX-JFK-LAX-SLC on AA, gotta say goodbye to my beloved 762!
User currently offlineFriendlySkies From United States of America, joined Aug 2004, 4094 posts, RR: 5
Reply 7, posted (9 years 2 weeks 1 day 9 hours ago) and read 12537 times:

YAWN...any real news to report?

User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 8, posted (9 years 2 weeks 1 day 9 hours ago) and read 12520 times:

Quoting BritPilot777 (Reply 3):
Anyone else Agree?!

no..i think its best that capitalism work its wonders........in the long run, it would be best for some consolidation, liquidations, etc.....that is what centuries of historical data has shown.........i'm not saying its going to be UA, but it will happen, even if oil goes sub $40....i doubt some of these air carriers will still exist.........law of the jungle..



"Up the Irons!"
User currently offlineBritPilot777 From United Kingdom, joined Apr 2004, 1075 posts, RR: 2
Reply 9, posted (9 years 2 weeks 1 day 9 hours ago) and read 12497 times:

Quoting Jacobin777 (Reply 8):
no..i think its best that capitalism work its wonders

So all those job losses wouldn't bother you??? Would it bother you if you worked for United? Or your partner worked for them?! Hell, thats the most bullshit i've heard from anyone on a.net

Now, ANYONE Agree with that!?



Forever Flight
User currently offlineApodino From United States of America, joined Apr 2005, 4133 posts, RR: 6
Reply 10, posted (9 years 2 weeks 1 day 9 hours ago) and read 12468 times:

Quoting AeroWesty (Reply 5):
This is really twisted. It's nothing other than an attempt by the author to write a catchy title so he can get people to click on it enough that it'll appear on the front page of a.net as one of the most popular threads.

Absolutely disgusting, cheap and tawdry.

And he did this after I had started another thread on the exact same topic, but titled it as it was, United getting an extension. I don't know what the future holds, but I would rather not count any airlines out yet because you don't know whats going to happen in this dynamic world. After all my freshman year at ERAU someone said that TWA was in good financial shape but USAirways wasn't. In 2005, you know the rest of the story and Carl Ichan is now trying to milk Blockbuster for more money. (Sorry, had to get that in)


User currently offline102IAHexpress From United States of America, joined Feb 2005, 1156 posts, RR: 3
Reply 11, posted (9 years 2 weeks 1 day 9 hours ago) and read 12440 times:

As I have stated in other posts I hope United emerges from bankruptcy and becomes profitable. But I think a lot of people are just fed up with their abuse of chapter 11 protection. From a tax payers prospective, why should I help pick up the tab on United’s failed pension program. And why should other airlines and their employees waste resources and needlessly compete against a failed airline?

User currently offlineExFATboy From United States of America, joined Jul 2003, 2974 posts, RR: 9
Reply 12, posted (9 years 2 weeks 1 day 9 hours ago) and read 12384 times:

I don't think this filing is any harbinger of UA's imminent shutdown. On the other hand, I think this judge really needs to start putting pressure on UA to get on with it already...Ch 11 is not meant to be a permanent state of affairs. I can't help but think that UA management is deliberately abusing Chapter 11 at this point - they have been in bankruptcy proceedings over 27 months now.

What I would like to see is for the judge to go ahead and grant the extension, but also tell UA management that this is the final extension of exclusivity and that if they're not ready to file the plan on July 1, any interested and qualified party may then step in and file competiting reorg plans.

Now as FlyHoss points out, the creditors committee doesn't seem to be getting too worked up about the situation, which makes one suspect that they are indeed at a point where they can't afford a UA shutdown.

I don't know enough about bankruptcy law to know what would happen if exclusivity was denied, management did not file a reorg plan, but no one else did either. Would current management just stay in place, or is there some point where, if exclusivity is removed yet no reorganization plan is filed, conversion to Chapter 7 occurs automatically?

Chapter 11 definitely needs an overhaul - time limits, at the minimum, which would pressure major creditors to take a more active role, as GE and Deutsche Bank had to during the Air Canada case.


User currently offlineLeelaw From , joined Dec 1969, posts, RR:
Reply 13, posted (9 years 2 weeks 1 day 9 hours ago) and read 12379 times:

To this point in time the Creditors' Committee hasn't been willing to pull the plug on an "exclusive reorganization plan." However, there will be a very contentious hearing on its motion to extend if UA hasn't garnered the support of its creditors for this extension in advance.

User currently offlineIfly2eat From United States of America, joined Apr 2008, 8 posts, RR: 0
Reply 14, posted (9 years 2 weeks 1 day 9 hours ago) and read 12348 times:

102IAHexpress:

Amen to that. UAL has warped the US bankruptcy code from day one. They have added to the surplus capacity that the industry is suffering from, all the while under cutting fares of airlines who are trying to make a profit. At the very least give USAirways credit- they formulated a plan and tried to make it work. UAL does not even have a plan! Mark my words ATA and USAirways will exit bankruptcy before UAL does and UAL has been in it for almost 2 1/2 years.



Fly the friendly skys and stay out of mine.
User currently offlineTWA902fly From United States of America, joined Dec 1999, 3100 posts, RR: 4
Reply 15, posted (9 years 2 weeks 1 day 9 hours ago) and read 12296 times:

personally i love United, and i feel like no one can match their route system... think about it, as an airline that is supposed to represent the United States of America, they do a very good job. Hubs at the national capitol (IAD), the transportation hub of the country (ORD), the economic center of the mountain states (DEN), and the two largest cities on the west coast (SFO,LAX)... no other airline has matched that... i think they are a fundamental part of the american transportation system. If i consider one carrier THE american flag carrier, it would be United.

TWA902



life wasn't worth the balance, or the crumpled paper it was written on
User currently offlineJacobin777 From United States of America, joined Sep 2004, 14968 posts, RR: 60
Reply 16, posted (9 years 2 weeks 1 day 9 hours ago) and read 12239 times:

Quoting BritPilot777 (Reply 10):
thats the most bullshit i've heard from anyone on a.net

from your point of view possibly, but my post wasn't incorrect, maybe you can't handle the truth (as Jack N. says to Tom C.)

Quoting BritPilot777 (Reply 10):
So all those job losses wouldn't bother you??? Would it bother you if you worked for United? Or your partner worked for them?

i never said i wouldn't feel bad for the United (or any air carrier) employees, but thats how a FREE MARKET ECONOMY works.....there will ALWAYS be winners and losers........

p.s.-how about zipping your dirty gob it while you are at it..  ziplip 



"Up the Irons!"
User currently offlineWesternA318 From United States of America, joined Oct 2004, 5647 posts, RR: 24
Reply 17, posted (9 years 2 weeks 1 day 9 hours ago) and read 12251 times:

Excellent observation TWA902, I never thought of it that way, and I always thought CO was great when they had EWR ,IAH, DEN and LAX as the major hubs. Do anyone else in here care to know that UA once had Cheyenne, Wyoming as a major connecting city way back in the 30s and 40s?


Next trip: SLC-LAX-JFK-LAX-SLC on AA, gotta say goodbye to my beloved 762!
User currently offlineJc2354 From United States of America, joined May 2004, 566 posts, RR: 0
Reply 18, posted (9 years 2 weeks 1 day 9 hours ago) and read 12217 times:

Ladies and Gentlemen, we have a BINGO

Quoting FlyHoss (Reply 4):
Are the creditors "in so deep" that they can't afford a UAL shut-down?



Quoting Cactus739 (Reply 9):
This thread should be deleted.

Why?



If not now, then when?
User currently offlineAvek00 From United States of America, joined Oct 2004, 4284 posts, RR: 20
Reply 19, posted (9 years 2 weeks 1 day 9 hours ago) and read 12172 times:

Quoting TWA902fly (Reply 16):
If i consider one carrier THE american flag carrier, it would be United.

Thankfully, we don't have official flag-carriers here in the USA, so every airline has to justify its continued existence based on business fundamentals and not on feelings of prestige or nostalgia. Despite all of the BS and hoopla, the cold truth is that even with the protections and relief afforded under USA bankruptcy law, United has failed to develop and implement a business plan that makes money.



Live life to the fullest.
User currently offlineBmacleod From Canada, joined Aug 2001, 2196 posts, RR: 0
Reply 20, posted (9 years 2 weeks 1 day 9 hours ago) and read 12120 times:

I thought DL was doing worse, they did lose more than UA last year; $2Billion wasn't it? In any case consolidation in the US airline industry is inevitable - one or 2 airlines will have to merge or shut down in order for the industry to regain profitability.


The engine is the heart of an airplane, but the pilot is its soul.
User currently offlineMidway2AirTran From United States of America, joined Jul 2003, 864 posts, RR: 2
Reply 21, posted (9 years 2 weeks 1 day 9 hours ago) and read 12111 times:

Quoting Jayspilot (Thread starter):
The way that company is run is soo messed up and how little most of there employees care about anything makes me not feel sorry for them.. There is too much capacity in the industry and i think cleaning out this old dieing beast will do just fine.

While I am an avid advocate of LCC's, do you have any proof outside of your opinion to support this?

*The DOT performance stats. show that United is doing fairly well compared to other Legacy counterparts in Customer service.

*Capacity at the moment may be a little at the high end, but passenger traffic is expected to nearly double over the next ten years, according to the US DOT. UAL's portion is in better position to exist to meet these future demands compared to other route networks.

I do believe that management at UAL needs to be streamlined and probably replaced in many areas to assist with efforts to achieve a rock-solid and innovative reorganizational effort that involves the cooperation of all levels. I do not agree with the current malicious exploiting of the bankruptcy process going on.



"Life is short, but your delay in ATL is not."
User currently offlineAvek00 From United States of America, joined Oct 2004, 4284 posts, RR: 20
Reply 22, posted (9 years 2 weeks 1 day 8 hours ago) and read 12062 times:

Generally speaking, bankruptcy judges liberally grant exclusivity motions, based on the premise that debtors-in-possession are in the best position and have the most incentive to develop a plan that maximizes creditor returns and keeps the enterprise a going concern.


Live life to the fullest.
User currently offlineUAMAYBACH1239 From United States of America, joined Apr 2004, 221 posts, RR: 0
Reply 23, posted (9 years 2 weeks 1 day 8 hours ago) and read 12057 times:

Jayspilot

Your just as bad as US Air bashers, remember when airlines shut down, if they are an international carrier, you will slowly begin to see those plane gravitate back to the US. Creditors and Leasing companies have that right on where the want to position they're a/c. Look on a.net at any major city in the world or within th USA, UA has a presence now more than ever. Its only fair to express your feelings for United, remember that threads are saved and that
we can pull them up at any time . Just for a laugh at idotic threads.

Don't hate the player (UA) hate the game!!!  Cool



a/c flown 737-222/322/522 757/747-1-2-4, 767-2-3, 777-2-3, A319-20, DC10-10-30, L1011-3-5, 727-222adv, MD85-90 flyourfri
User currently offlineAvek00 From United States of America, joined Oct 2004, 4284 posts, RR: 20
Reply 24, posted (9 years 2 weeks 1 day 8 hours ago) and read 11936 times:

Quoting UAMAYBACH1239 (Reply 24):
Don't hate the player (UA) hate the game!!!

The bigger they are, the harder they fall... Smile



Live life to the fullest.
25 Midway2AirTran : Yup, and it is up to the UAL management to synergize with the creditors on the plan.
26 PlaneSmart : The judge has to take into account the best interests of ALL parties. If creditors support continued trading, and are willing to keep supplying, even
27 F9Animal : UA is certainly in deep trouble. Any company that is in bankruptcy has no bragging rights. Except for the uppers, UA's employees are great people. I a
28 Avek00 : Thing is, what good would that do for the Debtor or its creditors?
29 Allstarflyer : Best post. I don't care for the folks at UA to lose their jobs, but it's time for management to be put on the spot. Get some ideas as to "when" and "
30 UALramperORD : I dont know about the rest of you but all I got from this guy was " bla bla bla Im a whinny little bitch" UAL all the way baby!
31 TimRees : Pity you can't spell! It's writing not righting....
32 Midway2AirTran : Thats a little extreme, though the comments of the thread-starter were ignorant of many facts and lacked factual support. Good to know that the emplo
33 UAopsMGR : Hardly worth responding to.
34 Allstarflyer : The post in general, I take it. Or is there someone in particular that amuses you? If you're in ORD, we've probably met (though, I doubt we might rem
35 F9Animal : They would lose money. If UA were to liquidate its assets, at least they will get something. Right now, they are getting nothing. Investors have to b
36 Nisson : Jayspilot(thread stater), go back to school, or have you ever been to school?, before you start your whinning.
37 UAopsMGR : Allstarflyer, Yes I was referring to the post in general. I worked at the LAX SOC for just over 2 yrs until late last month I switched to Onboard. Bo
38 MTYFREAK : If United was going down it would be down by now, Everything can be done with talented executives, it doesn´t matter how much the company shrinks, Un
39 Allstarflyer : I didn't work often in the morning (mainly in the evening with DH, and a few times as Shift Mgr. overnight for ZW - they stuck me in T1 at 1st during
40 TWA902fly : I understand that, and i wasn't saying that that is a reason United should survive, i was pointing out that in my opinion they do a good job of conne
41 Fhgandi : To be honest with you guys: Here in Europe, nobody but Lufthansa will loose something in Alliances and major codeshare revenue if US Airways and Unite
42 Trident2e : And maybe even the writing!
43 Jayspilot : my employer is ZW. Air wisconsin. And i say rip united b/c thats what i hope happens to them. I am sure some of you work for the airlines and some of
44 NYCFlyer : I don't wish any harm on UA, but I do take issue with the comment that I've quoted here. People always say this whenever there's a thread about "I ho
45 Avek00 : That's just it - most unsecured creditors would receive NOTHING if United liquidated tomorrow - hence their reluctance to rock the boat.
46 Cleared2land4 : THIS IS A BUNCH OF BULL CRAP!!!!!!!!!!!!!!!!!! UNITED IS NOT GOING UNDER
47 Post contains images Lockheed1011 : Jayspilot, Don't be ignorant! The are hurting, make drastic changes or even do a merge, etc.... but it will not go down. That is the second biggest ca
48 Jayspilot : trust you.. ok,, just like i trusted united.. so you are telling me you are going to pay my morgage... thats a good one lockeed1011. lets just wait a
49 Avek00 : The former owner of United's Pacific and Heathrow routes said something similar.
50 Avek00 : With all due respect, it is YOU who is being ignorant of history in asserting that the government will not allow the free market to determine which a
51 Apodino : What can Bush actually do in this situation if it did happen? Another thing to remember is that United is based in Chicago, a democratic stronghold,
52 Hiflyer : You are an employee of a contract for hire carrier...if you want to complain then complain to your management at ZW. It's their job to sell you.
53 Post contains images OPNLguy : Well, that little tidbit of employment info certainly explains your attitude..... The airline biz is tough, especially these days, but business is bu
54 BOAC911 : Pan Am? TWA? Swissair? Sabena? Who cares what size you are? Who cares how old the company is? When there's no money, there's no money. Don't you Ameri
55 CTHEWORLD : Shuttle's objective was simple and attained...protect the hub and drive WN out of SFO. Ok, F9 animal, how many times do we have to go through this wi
56 Jetdeltamsy : completely irrelevant to whether or not UA shuts down. glorious histories and the worlds best employees that don't generate cash don't pay the bills.
57 Galapagapop : United is just like the guy at the office who just shuffles papers on his desk. Tries to make it look like he's doing something. UA is pathetic in ter
58 F9Animal : Hmmmm. Awesome point. If I am not mistaken, F9 was the first airline to pay off the ATSB loan. Wasn't UA denied a loan from the ATSB? LOL! Again, loo
59 Mav75 : we can only dream...
60 Bicoastal : The only "righting" that's on the wall is your need to return to school. It's "writing" on the wall and the writing says United will emerge from bank
61 CTHEWORLD : I didn't write the Airbus maintenance manual, Airbus did, they are the ones that specify paint maintanence as part of corrosion protection. Oh, and B
62 UAalltheway : I'll believe their goin' down when I see the liquidation notice.
63 Fishe388 : Once again and I know from experience many United employees are dedicated and hard working indivuals who what nothing more then their airline to pull
64 AerorobNZ : Carp, absolute crap. I absolutely love the industry, I love being involved in it, and respect it absolutely.But why would I wish that a rival airline
65 KaiTakFan : What a load of crap. Alot of these morons dont realize that if United or USair goes down, its only going to do so much good for the industry. For the
66 KC135TopBoom : First of all, keeping UA or US in business so some people have a job, is stupid, and expensive. It is a free market, not a welfare program. Both the
67 GREATANSETT : I hope they do not fail. Since the collapes of Ansett Australia, 30 people out of a staff of over 16 000, have taken their own lives. Lets just pray t
68 Rsmith6621a : How many more extensions should the BK courts give UAL.....1.....3...5....until the cows come home??????? These extensions are nothing more than a cre
69 Wukka : Holy shit, dude! Can you even make heads or tails from your Jepperson plates? Your wasted attempt on the English language while flying a US flag in yo
70 Lightsaber : Ok, one would expect that. Once UA's reorganization is out of their hands, I would expect them to be liquidated. So extensions at this point are stil
71 Post contains links Mariner : CTHEWORLD: DENVER (January 27, 2005) - Frontier Airlines, Inc. (Nasdaq: FRNT) today reported a net loss of $11.1 million, or $.31 per diluted common s
72 Post contains images Paul : I really hope United survive because I have a trip to Miami in July I don't no want to miss! I don't know the ins and outs of the financial and manage
73 Morvious : Did I join an aviation forum or a spell check forum? Man, did the guy stept on your toes or something.. give it a break. You did know what he meant,
74 BNE : Now that the title has been changed users may calm down just a bit. RIP United was a little harsh.
75 Post contains images Mariner : So you'd be happy to fly with a pilot who threw away the manual? Or a listen to musician who didn't feel the need to read music? Or go to a doctor wh
76 Allstarflyer : Stronger . . . than what? Than they were say at some particular point in the past? Than when they were strongest (in the '90's when they grew to be t
77 UAL Bagsmasher : With all the paycuts they've pulled, and all the other cutbacks they've made, they still aren't close to turning a profit after more than 2 years of h
78 CTHEWORLD : Are you counting the first sloppy visit or just their second chance?
79 F9Animal : Mariner, you beat me to it! Now,,, back to the coffee!
80 Morvious : Correcting someone is different then calling a person dumb, or saying he need to go back to school! A big difference if you ask me!
81 FriendlySkies : And the wheels on the (bankruptcy) bus go round and round, round and round, round and round...
82 102IAHexpress : He actually used “there” correctly. there = 1. at or in that place; 2. toward, to, or into that place; 3. used in impersonal constructions in whi
83 Usairways16bwi : ok, just a quick question...whos in worse shape right now, US or UA?
84 102IAHexpress : Wukka: My bad, I only noticed the last “there” not the first one referring to United’s employees. Nevertheless, cut the guy a break. We all unde
85 Apodino : It's really tough to say since myself and others are not privy to the balance sheets at either airline. However, my sources tell me that UAL is losin
86 UsAirways16bwi : ok...i always thought that US was in worse shape. But considering the size of UA, the bigger they are, the harder they fall. UA has alot more than US
87 PlaneSmart : Lightsaber 'As later threads noted, the creditor committee can force decisions in BK. They aren't doing so, yet. UA is apparently negotiating enough,
88 Avek00 : Actually, they are about equally screwed right now - despite the numerous protections and privileges afforded under bankruptcy law, neither company h
89 Uadc8contrail : AVEK00, god i wish you were around back when frank took that golden tail thru the shredder......2 TIMES........
90 Apodino : Just wondering, when does the bankruptcy reform that recently passed congress take effect and how does it affect these airlines ability to restructure
91 Post contains images Wukka : IIRC, the bankruptcy reform bill that was passed was for personal bankruptcy only, and doesn't affect the business Chapters. disclaimer: I am not a l
92 Avek00 : At least the CO of yesteryear had the ability to grow its undersized hubs in booming domestic markets, reducing unit costs and stimulating revenue -
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