Keesje From , joined Dec 1969, posts, RR: Posted (12 years 10 months 3 days 19 hours ago) and read 1690 times:
Now that UA is chapter 11 and is still flying, what will the biggest consequences be domestic and international in the coming months ?
I fear employees will probably be hit first, their stock and probably their jobs & salaries.
1. Who is really in charge at UA under ch 11 and what can/can't he/she do ?
2. What were the most important reasons for UAL to avoid chapter 11 for he last few months ?
3. UAL is still burning millions a day, how will this be stopped in the coming months ?
FutureFO From Ireland, joined exactly 14 years ago today! , 3132 posts, RR: 19
Reply 1, posted (12 years 10 months 3 days 19 hours ago) and read 1687 times:
The airline will continue to fly as normal and will make cuts in the schedule in the next few months as well as staff reductions. And the Bankruptcy court will appoint an Overseer to watch the reoganization.
UALPHLCS From , joined Dec 1969, posts, RR:
Reply 4, posted (12 years 10 months 3 days 18 hours ago) and read 1623 times:
So long as we don't throw the baby w/ the bath water thats a good idea. For example: E-ticket. UA invented it, 20 some airlines use it, and pay royalties to UA for it including all of UA's US competitors. It would be silly to sell such a money maker. Especially considering that it cost nothing to maintain. UA services icluding DENTK should be maintained for thier money generating potential.
EA CO AS From United States of America, joined Nov 2001, 14456 posts, RR: 60
Reply 6, posted (12 years 10 months 3 days 18 hours ago) and read 1528 times:
I'd bet UA's Latin America services will be the first to see a "For Sale" sign go up. They know enough not to let go of the Pacific or LHR operations, though. Those will likely stay intact, even if it means a total Chapter 7 shutdown and liquidation.
"In this present crisis, government is not the solution to our problem - government IS the problem." - Ronald Reagan