These are some excerpts from a press release:
CHICAGO, Jan 7 (Reuters) - Shares of America West Airlines and US Airways fell sharply on Monday after Barron's business magazine suggested major carriers may have suffered such serious damage from the weak economy and Sept. 11 attacks that they may not be around to benefit from an eventual recovery.
Barron's said in this week's edition a soft U.S. economy and the Sept. 11 attacks created serious stress fractures that will result in fewer U.S. carriers in two or three years, according to many airline executives and analysts interviewed.
America West received conditional approval of federal loan guarantees for $380 million late last year, but would remain in a precarious state even if plans are completed, Barron's said.
US Airways could also face the possibility of bankruptcy in 2002 if traffic doesn't return quickly enough, Barron's said.
If both America West and USAirways cease operations, these will leave gaping holes on both coasts. What do you think will happen to their respective markets? Southwest will definitely ramp up operations in PHX but do you think they will take some of HP's aircraft? What about US's PHL hub? Will United get something together and take advantage of it?