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What Happens When Usair Stock Goes Under $1.00  
User currently offlineAirborne1 From United States of America, joined Feb 2008, 99 posts, RR: 0
Posted (5 years 7 months 3 weeks 5 days 17 hours ago) and read 2855 times:

Just curious about this? I say USAIR because the stock is diving like the rest of
the carriers. I think they will go under a $1.00 before anyone else. Does this mean
BK again? Someone is going to hit the bottoms first.

10 replies: All unread, jump to last
 
User currently offlineUSPIT10L From United States of America, joined Mar 2006, 3295 posts, RR: 7
Reply 1, posted (5 years 7 months 3 weeks 5 days 17 hours ago) and read 2829 times:



Quoting Airborne1 (Thread starter):
Just curious about this? I say USAIR because the stock is diving like the rest of
the carriers. I think they will go under a $1.00 before anyone else. Does this mean
BK again? Someone is going to hit the bottoms first.

Who cares about where their stock is? They still have signficant cash flow, as do the other majors right now.



It's a Great Day for Hockey!
User currently offline0NEWAIR0 From United States of America, joined May 2007, 939 posts, RR: 0
Reply 2, posted (5 years 7 months 3 weeks 5 days 17 hours ago) and read 2808 times:

The listing will be pulled off of the "big board" and LCC will have 30 days for their stock price to come back above $1.00. If they do not, the listing will be completely removed from the stock exchange because LCC will be in violation of the stock exchange's standards.


"The future belongs to those who believe in the beauty of their dreams."
User currently offlineEMBQA From United States of America, joined Oct 2003, 9364 posts, RR: 11
Reply 3, posted (5 years 7 months 3 weeks 5 days 17 hours ago) and read 2754 times:

Quoting USPIT10L (Reply 1):
They still have signficant cash flow, as do the other majors right now.

Talking to a friend at a major national carrier, their load factors are very high.... and fuel prices are low. Things are actually pretty good... ( I say holding my breath )

Quoting Airborne1 (Thread starter):
Does this mean
BK again?

Stock price has no bearing on it's condition....well not always. The industry as a whole is poor...but that is not directly connected to USAirways declaring bankruptcy just because their stock goes below $1.00 a share. I truely feel USAirways will be the Continental 'Worst to First' of this time. I flew them a few months back and LOVED IT..!! Great service, Great staff, On-Time.. what more do you really want...??? I'll fly them again FOR SURE..

[Edited 2009-03-03 14:28:48]


"It's not the size of the dog in the fight, but the size of the fight in the dog"
User currently offlineStitch From United States of America, joined Jul 2005, 31124 posts, RR: 85
Reply 4, posted (5 years 7 months 3 weeks 5 days 16 hours ago) and read 2720 times:
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Quoting 0NEWAIR0 (Reply 2):
The listing will be pulled off of the "big board" and LCC will have 30 days for their stock price to come back above $1.00. If they do not, the listing will be completely removed from the stock exchange because LCC will be in violation of the stock exchange's standards.

Though once it is formally de-listed from the NYSE, it will still be traded on a lesser exchange (I'm guessing the OTCE - that is where UAL went for a time when they could not be listed on the NYSE).


User currently offlineDallasnewark From Estonia, joined Nov 2005, 495 posts, RR: 1
Reply 5, posted (5 years 7 months 3 weeks 5 days 16 hours ago) and read 2592 times:



Quoting Stitch (Reply 4):
Though once it is formally de-listed from the NYSE, it will still be traded on a lesser exchange (I'm guessing the OTCE - that is where UAL went for a time when they could not be listed on the NYSE).

That is correct, they would be traded on the Over The Counter(OTC) exchange. Certain restrictions would be placed on the volumes and the options trading. Also, the Stock Symbol would change, it would consists of 5 letters



B732/3/4/5/6/7/8/9, B742/4, B752/3,B762/3/4, B772/3, A306, A318/9/20/21, A332/3, A343/6, MD80/83/88, L1011, TU104/134, F
User currently offlineUSPIT10L From United States of America, joined Mar 2006, 3295 posts, RR: 7
Reply 6, posted (5 years 7 months 3 weeks 5 days 15 hours ago) and read 2456 times:



Quoting EMBQA (Reply 3):
I truely feel USAirways will be the Continental 'Worst to First' of this time. I flew them a few months back and LOVED IT..!! Great service, Great staff, On-Time.. what more do you really want...??? I'll fly them again FOR SURE..

I was hoping they'd be the "worst-to-first" of the 2000s when Siegel took over in 2002, especially considering his strong influence on the operation of CO in the '90s. Unfortunately, I was off by a few years. While I would like to see US succeed as a comany, most of us in PIT are still more than a little bitter about the pulldown of a few years ago. I understand it's the cost of doing business in a deregulated market, but most people in PIT have nothing nice to say about US Airways anymore.



It's a Great Day for Hockey!
User currently offlineMariner From New Zealand, joined Nov 2001, 25432 posts, RR: 86
Reply 7, posted (5 years 7 months 3 weeks 5 days 15 hours ago) and read 2416 times:
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Quoting EMBQA (Reply 3):
Talking to a friend at a major national carrier, their load factors are very high.... and fuel prices are low. Things are actually pretty good... ( I say holding my breath )

Given the results that are in from some majors - United, Continental and Southwest - I don't know who has "very high" load factors.

In any case, revenue is the key here, not load factors, and Delta has just warned of a "significant loss" for the quarter:

http://triad.bizjournals.com/triad/s.../2009/03/02/daily24.html?ana=yfcpc

"Atlanta-based Delta (NYSE: DAL) said the typically weak demand of the first quarter of the year and the sour economy will couple with upside-down fuel hedges and drops in global demand to send it to a “significant loss in the March 2009 quarter.”

How is this good?

mariner



aeternum nauta
User currently offlineUSPIT10L From United States of America, joined Mar 2006, 3295 posts, RR: 7
Reply 8, posted (5 years 7 months 3 weeks 5 days 15 hours ago) and read 2372 times:



Quoting Mariner (Reply 7):
Given the results that are in from some majors - United, Continental and Southwest - I don't know who has "very high" load factors.

In any case, revenue is the key here, not load factors, and Delta has just warned of a "significant loss" for the quarter:

http://triad.bizjournals.com/triad/s.../2009/03/02/daily24.html?ana=yfcpc

"Atlanta-based Delta (NYSE: DAL) said the typically weak demand of the first quarter of the year and the sour economy will couple with upside-down fuel hedges and drops in global demand to send it to a “significant loss in the March 2009 quarter.”

How is this good?

I know it's not good, but no one is on the front door of bankruptcy court, especially not DL, US, AA or CO.



It's a Great Day for Hockey!
User currently offline7e72004 From United States of America, joined Mar 2004, 3587 posts, RR: 2
Reply 9, posted (5 years 7 months 3 weeks 5 days 15 hours ago) and read 2342 times:

I remember when I bought US stock after it was issued and sold it at it's height...which I can't recall but know it was a lot because I remember saying I lucked out!


The next generation of aircraft is just around the corner!
User currently offlineMariner From New Zealand, joined Nov 2001, 25432 posts, RR: 86
Reply 10, posted (5 years 7 months 3 weeks 5 days 15 hours ago) and read 2318 times:
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Quoting USPIT10L (Reply 8):
I know it's not good, but no one is on the front door of bankruptcy court, especially not DL, US, AA or CO.

I didn't claim that anyone was at the door of the bankruptcy court - I was responding to a poster who said things are "pretty good" out there.  confused 

Several airline stocks are flirting with - or are below - their 52 week lows.

mariner



aeternum nauta
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