hammer
Posts: 638
Joined: Wed Jul 11, 2001 9:02 am

50 Days And Counting...

Tue Sep 18, 2001 7:17 pm

I just saw an article in a newspaper (Minnesota Star Tribune) saying that all of the major airlines face chapter 11...NWA CEO Anderson says that they can survive 50 days before they run out of cash in the current environment...not a good future here if they don't get help from the government soon....
 
Airbus Lover
Posts: 3163
Joined: Mon Apr 10, 2000 10:29 pm

RE: 50 Days And Counting...

Tue Sep 18, 2001 8:13 pm

NWA.
COA.

rite... Sad to hear that.

But is Delta able to survive? Southwest? jetBLUE? US Airways? I reckon AA and UA are worst? But still, they will face massive cash-flow problems. I believe that jetBLUE with the help of George Soros will survive and other not too big airlines will survive because their overhead is not a huge amount of $$$ but of course, given that they have some $$$ and their past traffic was pretty good.
 
sas a340
Posts: 141
Joined: Sat Jul 21, 2001 6:22 pm

RE: 50 Days And Counting...

Wed Sep 19, 2001 1:33 am

Are those small regional airlines able to survive?
Anything to say about that?

regards, sas a340
 
airbus380
Posts: 1575
Joined: Sun Jun 20, 2010 6:50 am

RE: 50 Days And Counting...

Wed Sep 19, 2001 1:36 am

Let the government help the airlines. The government contributed to their current downfalling. The government shut down airspace letting the airlines lose money. Now the government should aid the airlines.
 
RJ_Delta
Posts: 1391
Joined: Sun Oct 22, 2000 4:17 am

RE: 50 Days And Counting...

Wed Sep 19, 2001 1:55 am

Sas a340:

Possible that regional airlines are in seriuos problem, specially Comair becuase that airlines was grounded two months and now happen this. Although today Comair is operating 100% of their schedules.

RJ_Delta.
 
RJ_Delta
Posts: 1391
Joined: Sun Oct 22, 2000 4:17 am

RE: 50 Days And Counting...

Wed Sep 19, 2001 2:00 am

Airbus Lover:

Delta has a good reserves but of course that they will need help of the US Goverment.

RJ_Delta.

 
hammer
Posts: 638
Joined: Wed Jul 11, 2001 9:02 am

RE: 50 Days And Counting...

Wed Sep 19, 2001 4:29 am

Rumor has it UA was going to lose 1.5 billion by years end anyway and that they were going to file for chapter 11...NWA was the only major carrier that was predicted to make money this quarter before this happened...also rumor has it that CO and USAirways will be filing by the end of the month---having DCA closed is killing USAirways...The government should take over and run the airlines like they did years ago...and they should run them and they can take the hit...we will see real soon..

Who is online

Users browsing this forum: 817Dreamliiner, a380787, agrflyer, AirIndia, ARN, b377, Baidu [Spider], BI777, D328, factsonly, fikrinoor, gloom, Google Adsense [Bot], KarelXWB, MAH4546, Mani87, michaelworchid, prchan, RalXWB, smithnl and 229 guests