Cactus Makes It Two In A Row!

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Great news for Rag Man (along with HP pilots looking for a new contract) as
America West checks in this morning with Q3 net income of $32.9m.  This is the
second positive quarter for the Phoenix based carrier as Cactus reports a load
fact of almost 80% for the three month period.  Unrestricted cash on hand
totals a whopping $471m.  Wall Street is buying up AWA with the stock opening
around $12.50 a share.  All of this positive news will no doubt cause HP jet
jockeys to hold out for a better deal in contract negotiations.  Meanwhile the
company has indicated that advanced bookings for their new transcon non-stop
service are strong and Cactus is looking at several other point to point routes.
Kudos to Doug Parker and the AmWest family - being able to make money and
successfully compete head to head with Southwest is quite an accomplishment!

RT Simpson
Phoenix

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