with all of our assets leverage how are we going to raise money to go forward. our stock is diluted are planes are mortgaged. We continue to burn cash every day with no end in sight. I find it funny when I hear people say we are going to buy UAL or merge with AA. Can someone explain how this is possible if we have no assets to put up. No financial institution would back any deal that large when we have failing after our last bankruptcy. who would even want to inherit the labor issues we're having. we fly jets on short flight the require high paying corporate customers. with this economy those customers aren't paying our bill anymore. even if UAL folded we have no money to buy there assets to build off. from what I'm reading we could cease to exists by the end of next year if something drastically doesn't change. If I'm reading into this wrong could someone please enlighten me on what are options are. I'm not seeing the light at the end of the tunnel and I would love some insight from those who may have some additional information.
Article says US Airways has thinnest cash position of any major airline
- Thread starter usa1
- Start date
- Thread Starter
- Thread starter
- #32
Company will announce the 2nd quarter results this week coming up and we'll see if that's true.
fudgerunyard
Advanced
- Apr 20, 2009
- 113
- 0
Looks like we can add Air France KLM to the list of airlines in a serious cash crunch....
http://news.airwise.com/story/view/1247827278.html
Henderfuzz
Senior
- Mar 29, 2006
- 305
- 0
Yep and dont expect that to get any better as long as we have Obanomics in place for the next 4 years.
Tax Tax and Tax again.
wopr21
Senior
- Aug 13, 2004
- 260
- 26
Its crazy isn't it. There are no more seats for people to run to for a cheeper fare. They need to charge what it takes to run the airline properly. Those that can't afford it ....oh well.
Just think less planes, everyone gets there on time with there bags. Oh BTW the meal is included.
I think everyone should be able to afford a Bentley too.
wopr
Just think less planes, everyone gets there on time with there bags. Oh BTW the meal is included.
I think everyone should be able to afford a Bentley too.
wopr
Dog Wonder
Veteran
Oh Lord, won't you buy me a Mercedes-Benz.
- Thread Starter
- Thread starter
- #38
captainJack
Member
- Jul 16, 2009
- 91
- 0
Gotta pay for the next round of bonus' somehow.
What a poorly written article....besides the title of the article, nothing suggests that USAirways ever took legal ownership of the plane. Can it be confirmed that USAirways took title, as opposed to GLS just purchasing direct from Airbus?
To the cynics out there, why buy when you can lease given the current environment? Save your cash.
To the cynics out there, why buy when you can lease given the current environment? Save your cash.
Soooo.. are we thinking desperate attempt to raise cash, in order to make it through the winter?
h34r:
BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
- 5,865
- Banned
- #44
Soooo.. are we thinking desperate attempt to raise cash, in order to make it through the winter?
For some airlines such a move might be viewed as exactly that, but for current management it's just business as usual for an airline that leases a large percentage of the fleet and uses EETC's to finance the rest.
Jim
*****FYI*****FYI*****
Doug Parker just had a crew session with the flight attendants and pilots Today in Phoenix. 25% reduction of pax flying, bag fees here to stay, and our helping. We are losing money, but told everyone we are in better shape than what is being said in the media. He seemed very postive that US will weather out this hard economy. Kept looking at the floor the whole time??? He also had no clue as why our schedules for fa's were getting worse, more contract violations, etc. Said they would contact scheduling dept and look into the issue.
Doug Parker just had a crew session with the flight attendants and pilots Today in Phoenix. 25% reduction of pax flying, bag fees here to stay, and our helping. We are losing money, but told everyone we are in better shape than what is being said in the media. He seemed very postive that US will weather out this hard economy. Kept looking at the floor the whole time??? He also had no clue as why our schedules for fa's were getting worse, more contract violations, etc. Said they would contact scheduling dept and look into the issue.
