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Roach: United's Plan To Emerge 'unrealistic'-Video  
User currently offlineKarlB737 From United States of America, joined Mar 2004, 3096 posts, RR: 10
Posted (8 years 10 months 2 weeks 6 days 18 hours ago) and read 1756 times:

Courtesy: MarketWatch

Video Interview:

One of the founders of America West Michael Roach says:

United's plan to emerge 'unrealistic'

http://www.marketwatch.com/tvradio/p...EA%2D4DEA%2DBE5E%2D1509E4B28B85%7D

4 replies: All unread, jump to last
 
User currently offlineAAgent From United States of America, joined Mar 2001, 560 posts, RR: 14
Reply 1, posted (8 years 10 months 2 weeks 6 days 18 hours ago) and read 1700 times:

Interesting were his points that United's plan, in his opinion, will fail.

1) Because United plans call for oil to be at $50.00 or less per barrel.

2) United plans on 2 to 3 percent growth in revenue despite an 80 year trend of decreasing ticket prices (when adjusted for inflation.)

His summation of their plan would appear quite dismal. Good luck, United.

Best Regards,
AAgent



War Eagle!
User currently offlineFlyua From United States of America, joined Mar 2001, 315 posts, RR: 6
Reply 2, posted (8 years 10 months 2 weeks 6 days 18 hours ago) and read 1659 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!)


User currently offlineBurnsie28 From United States of America, joined Aug 2004, 7533 posts, RR: 8
Reply 3, posted (8 years 10 months 2 weeks 6 days 17 hours ago) and read 1598 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.



"Some People Just Know How To Fly"- Best slogan ever, RIP NW 1926-2009
User currently offlineArtsyman From United States of America, joined Feb 2001, 4745 posts, RR: 34
Reply 4, posted (8 years 10 months 2 weeks 6 days 17 hours ago) and read 1556 times:

Quoting AAgent (Reply 1):
1) Because United plans call for oil to be at $50.00 or less per barrel.

This point alone should make the judge reject their plan.

J
I guess I picked the wrong day to quit sniffing glue


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