I for one stopped predicting US Airways' demise a while ago. That was last summer, a few months after they came out of bankruptcy. The banks should have pulled the plug right then, when it was clear that Siegel and Bronner's cost-reduction plan was far from sufficient. But the banks don't; maybe too many people on Wall Street have lots of US FF
miles, I don't know.
US Airways is a failed conglomeration of regulation-era regionals that doesn't work as a network carrier because leadership--management and unions--didn't turn it into one rationalized airline during the '90s when they had the financial room to do so. Despite mismanagement, employees did at least turn it into a good product. The employees deserve the credit for making the airline a pleasure to fly, whenever one could actually afford the fares.
Now it's gone too far. When an airline's management is putting the employees through the concession wringer for the third time in such a short period, it's time to wipe the slate and start over. As several have noted, other airlines--with better cost and fleet structures--will fill in whatever the market needs And provide jobs.
But US Airways, like one of George Romero's zombies in "Night of the Living Dead," just keeps going--even though it makes no sense whatever for the financial institutions to pour another dime into it. I'd rather see US Airways' employees working for a financially sound airline where they don't need to have arguments on chat boards about the possibility of their airline's survival.
The banks will prop up US Airways until they have to sell their paneled offices in Manhattan to find more money. The rationalization of the structure of air travel in the East Coast will be put off that much longer.