nosedive
Posts: 2176
Joined: Sun May 23, 2004 2:18 pm

US Airways Won't Sell Assets

Sun May 23, 2004 4:16 pm

Didn't find anything about this on a search:

Execs say they need "more cost-cutting [methods], but selling company assets is not an option they want to pursue."

Anyone buying this??

http://www.mcall.com/business/local/all-usairmay20,0,3367737.story?coll=all-businesslocal-hed
 
NIKV69
Posts: 10893
Joined: Wed Jan 28, 2004 4:27 am

RE: US Airways Won't Sell Assets

Sun May 23, 2004 8:14 pm

Nosedive, your handle is perfect in describing US' position. They can say what they want. They are in big trouble. They can't possibly compete with WN or B6. So who are they kidding. Their latest trick is to try to get their help to work for nothing. Good luck to them. It does not look good.
Hey that guy with the private jet can bail us out! Why? HE CAN AFFORD IT!
 
elwood64151
Posts: 2410
Joined: Fri Feb 08, 2002 10:22 am

RE: US Airways Won't Sell Assets

Sun May 23, 2004 9:47 pm

Actually, this is the right move to make on US's part. They have enough money to continue operating for some time, at least a year, and they are not choosing to reduce their "throughput," or the amount they are capable of producing. Now they just have to learn how to operate their system in a profitable manner.
Those who fail to learn history are doomed to repeat it in summer school.
 
nosedive
Posts: 2176
Joined: Sun May 23, 2004 2:18 pm

RE: US Airways Won't Sell Assets

Sun May 23, 2004 10:03 pm

A "good move" yes, but is it enough to stop the bleeding? And the article doesn't mention any cost cutting measures, I imagine those are still being refined. But still, US Airways is going to have a difficult time as others are smelling blood, "profit" margins in the red, and poising for "attacks" against an injured US Airways. Leaner will help US Airways, and, sadly enough, so will the closure of the PIT hub. Yet the question still remains, will US Airways have what it takes to survive?