Re: NYTimes.com Article: US Airways Chief Steps Up Pressure for Concessions

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AIRLINE:

Sadly, don't these sound very much like the
conversations Pan Am (v 1.0) had not all that long
ago?  And Eastern, too?

Mike Burris
Cambridge, Mass




--- Matthew Montano <mmontano@xxxxxxxxx> wrote:

> 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]
>




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