EA CO AS is too right in the statement that it could be any of us in UA's shoes. While there is some obvious mismanagement at UA that has lead to Chapter 11, it's never good to see a carrier fail at the expense of 80,000 jobs here in the US, and others worldwide who supply, cater, and otherwise assist United.
TZ was approved for their ATSB loan of $168M, but the next 7 months are more than critical for our success. We are burning cash at $400K/day, and our CFO has made it clear that we must bring this number down to $0 by July 2003.
It's a nervous time for all domestic carriers, as UA's Chapter 11 filing will no doubt lead to speculation about AA and its future.
Hopefully, if anything, the reduction of available seat miles in the marketplace brought upon by a UA reduction in service will benefit all carriers and finally allow airfares to rise, which at this point is necessary for both the discounters and majors to see profits again.
Though my respect rating is less than FlyingBronco's, so who knows if anyone reads me.