Topic Author
Posts: 380
Joined: Wed Aug 17, 2005 6:18 am

Status For The Top Airlines In The US

Fri Sep 16, 2005 9:12 am

This a pretty good article, sums up a little how each carrier is doing.

American Airlines
The nation’s largest carrier, a unit of Fort Worth, Texas-based AMR Corp., may be the strongest financially of the traditional airlines, thanks to $1.8 billion in annual labor concessions it won in 2003, when it teetered on the brink of bankruptcy. AMR earned $58 million in the second quarter, only its second profitable period since 2000, but it has $3.40 billion in cash and short-term investments.

UAL Corp.
The Elk Grove Village, Ill.-based parent of United Airlines, the nation’s No. 2 carrier, has said it intends to emerge from bankruptcy Feb. 1 after 38 months in Chapter 11 — more than twice as long as expected. The company, which filed for Chapter 11 in 2002, used the leverage of bankruptcy law to slice $7 billion from its annual costs and dump its pension obligations. It said it expects to return to profitability next year, but that projection is based on much lower oil prices.

Delta Air Lines Inc.
The Atlanta-based company filed for Chapter 11 on Sept. 14. The nation’s No. 3 carrier will spend the next several months or even longer working on a reorganization plan. It will continue to operate during that time.

Northwest Airlines Corp.
The Eagan, Minn.-based airline, the nation’s No. 4 carrier, filed for bankruptcy Sept. 14, entering Chapter 11 on the same day as its larger rival, Delta Air Lines Inc. The carrier, which is battling a strike by its mechanics' union, said it needs labor cost savings and changes in pension laws, and that it is hurting from high fuel prices. Doug Steenland, the company’s chief executive officer, has acknowledged that bankruptcy law changes scheduled to take effect Oct. 17 were a factor in the timing of the filing.

Continental Airlines Inc.
The Houston-based carrier, No. 5 in the nation, had a big cost advantage over other traditional airlines after it slashed expenses during two bankruptcy reorganizations in the 1990s. Recently the company set a goal of winning $500 million in annual concessions from labor groups. It got $418 million and is still negotiating with flight attendants. The company flipped to a $100 million profit in the second quarter of this year and padded its cash and short-term investments to $2.05 billion.

US Airways Group Inc.
The Arlington, Va.-based parent of US Airways, the nation’s No. 6 carrier in terms of revenue and No. 7 in terms of revenue passenger miles, filed for bankruptcy in September 2004, seeking protection from creditors for the second time in just over two years. It is poised to emerge late this month or early in October and merge with Tempe, Ariz.-based America West Airlines. On Thursday, a bankruptcy judge will hold hearings to confirm US Airways’ plan of reorganization.

© 2005 The Associated Press. All rights reserved. This material
We had dreams and songs to sing, It's so lonely round the fields of Athenry.
Posts: 449
Joined: Sun Apr 17, 2005 10:35 am

RE: Status For The Top Airlines In The US

Fri Sep 16, 2005 9:35 am

Thanks for the info... where did you find the article? Short and to the point.

"If you've ever had a filet this good, welcome back." - Ruth Fertel

Popular Searches On

Top Photos of Last:   24 Hours  •  48 Hours  •  7 Days  •  30 Days  •  180 Days  •  365 Days  •  All Time

Military Aircraft Every type from fighters to helicopters from air forces around the globe

Classic Airliners Props and jets from the good old days

Flight Decks Views from inside the cockpit

Aircraft Cabins Passenger cabin shots showing seat arrangements as well as cargo aircraft interior

Cargo Aircraft Pictures of great freighter aircraft

Government Aircraft Aircraft flying government officials

Helicopters Our large helicopter section. Both military and civil versions

Blimps / Airships Everything from the Goodyear blimp to the Zeppelin

Night Photos Beautiful shots taken while the sun is below the horizon

Accidents Accident, incident and crash related photos

Air to Air Photos taken by airborne photographers of airborne aircraft

Special Paint Schemes Aircraft painted in beautiful and original liveries

Airport Overviews Airport overviews from the air or ground

Tails and Winglets Tail and Winglet closeups with beautiful airline logos