...And to top it off, UA agreed to pay US Airways $50 million if the deal *doesn't* go through (which, at this point, it won't). That's right. ****$50,000,000**** to US Airways if the acquisition doesn't happen. Gee. --I wonder who thought of that 'lil mind-blowing, fiscally-responsible game plan?
Now, with all of the red ink and financial bloodshed, they almost overnight, decide to go out and purchase a bunch of business jets. I doubt they researched this as thoroughly as a NORMAL large carrier would. From what I hear, many of the employees of United are thoroughly embarrassed at the atrocious mis-guidance of their company, and rightly so. I know I would be.
I hope Goodwin and Dutta get a nice severence package when they get booted out soon (which, at this point, is basically guaranteed) . The severity of incompetence from the "leaders" of United is shocking. It's even jaw-dropping. You'd expect this type of folly and sheer cluelessness from a lowfare, small upstart carrier. But not from one of the world's largest carriers!
And folks, I don't think blaming the pilots' raise for the current predicament is accurate. Why? Because a *good* management team would have rectified any contract disputes BEFORE the pilot's threats to slowdown became real. I doubt Crandall, Carty, Mullin, Dasburg, or even Wolfe himself woulda ignored the pilot's labor action for three days, much less AN ENTIRE SUMMER!!! With all the flight cancellations in the first week, it shoulda been well apparent to Goodwin that those pilots meant business. This is regardless of whether the pilots were being "greedy," "unrealistic," or plain wrong. They should have gone to the table at least at the eleventh hour, especially since the pilot's union was actively telling management about their contract issues months and months prior to the slowdown. What knuckleheads!!!
I feel sorry for UA's "employee" owners. They shoulda gotten rid of those boys at the top months ago.