There was an article in today's Chicago Tribune that had some of the same sentiment. I don't think UA
is abusing the bankrutpcy system. Management simply can't, for whatever reason, formulate a business plan to exit bankruptcy, and the creditors don't seem to be screaming to open up the process to 3rd parties bidding for UA
said up front that it planned to spend 18 months in bankruptcy. It's now 2 years since the petition was filed. While the price of oil has significantly affected UA
's costs, every other airline has pretty much felt the affects of oil prices. At some point real soon, UA
either has to present an exit plan or see the bidding process start.
As for what happens at ORD
goes under, AA
is going to get the majority of UA
's business, initially. About 50% of the traffic for both AA
is O&D, so flyers aren't going to flock to carriers that serve ORD
as a spoke.
has over 50 gates in Terminal 1. UA
Express has about 15 gates in Terminal 2. I don't know whether UA
or the UA
Express carriers hold the leases in Terminal 2, but that certainly gives other carriers an opportunity to set up a hub or focus-city operation. I know B6
has been trying to get into ORD
, and since HP
has dropped out of bidding for TZ
, it could add addtional gates.