Is US Airways of a size that if liquidated could cause a nasty ripple effect through the airlines? Or would it be beneficial? Would other airlines be able to pick up the extra volume? Most airlines are flying at their highest load-factors in years. In terms of some of the assets, who would want to, or even have the cash to buy them? The shuttle has always been appealing, but if you were UAL's bankers, would you (at the moment) let UAL buy the shuttle operations? US Airways caribbean operations may be appealing to Continental who is making a push, but would you lend Continental any cash to buy them? Interesting conundrum. Matthew http://www.redmac.ca - Your Source for Macintosh Enhancements in Canada http://www.justaddanoccasion.com - Anytime gifts and momentos with a west-coast flair On 19-Aug-04, at 8:04 AM, Bill Hough wrote: > > > US Airways Chief Steps Up Pressure for Concessions > > August 19, 2004 > By MICHELINE MAYNARD > > > > > > The chairman of US Airways, David G. Bronner, said > yesterday that its employees must agree to a third round of > wage and benefit cuts worth $800 million in the next 30 > days or the airline could be liquidated. > [snip]