Flyua From United States of America, joined Mar 2001, 326 posts, RR: 6
Reply 2, posted (10 years 5 months 1 day 7 hours ago) and read 2131 times:
The analyst's remarks, unfortunately, make all too much sense to me. Really, United's business plan appears lacking. My worry is that United will either be unable to exit due to continued bleeding, or it will exit "weakly" and have to reorganize once again, as US Airways has had to. Either way, we employees would have to face many months of more uncertainty, and another round of wage cuts and work rule changes. I don't see all of our unions agreeing to another round of cuts, however. What a mess! When and how will this misery end?
"Looks like I chose the wrong week to quit taking amphetamines!" (You "Airplane!" movie buffs should know that one!)
Burnsie28 From United States of America, joined Aug 2004, 7866 posts, RR: 8
Reply 3, posted (10 years 5 months 1 day 7 hours ago) and read 2070 times:
Quoting Flyua (Reply 2): My worry is that United will either be unable to exit due to continued bleeding, or it will exit "weakly" and have to reorganize once again
With that, you have a couple of problems, since UA says that they will not exit till Feb. that means the bankruptcy laws will have change, this throws a new twist because if they do enter, and dont exit within 18 months, then bye bye UA, or for that matter anyone who enters bankruptcy after mid October is gone if they are not out within 18 months.