ContinentalEWR as TWFirst, a fine contributor, stated in the thread's opening your not alone. It has been numerous times in the last 3 weeks that newcomers have come on and posted a quarry about TWA saying the same obviosu info that you have, "TWA hasn't made money", "old airline" etc...........We've had some very in-depth conversation on TWA's operations, its SJU focus city, JFK's future, future focus citys, CDG and LAX expansion, and new planes. A simple search will uncover oceans of information on TWA. Happy hunting.
The fact is that yes TWA is hurting but its very survival attests to its fighting nature and ability to survice. Clearly TWA will never be a top 5 airline, the infrastructure is not there. However, TWA has been successful in becoming a niche performer to the Carribean and the middle east. An agreement with America West is due out soon, an expansion at LAX while risky could produce rewards, and new CDG-TLV service could only add to profits. While the stock won't climb past $10 and they're are many companies (Applied Materials, Lucent) that'll make you better rewards quicker (Al listening?) teh airline won't die anytime soon.
Terrific operational performance coupled with a new fleet and an expanding operation will continue to see Big Red flying the great big skys for many years to come. For more info seach for TWA threads by TWA UK, TWFirst, Chieftan, and Acvitale.