Bankruptcy Emergence...

[Winglet]

I think only a blind idiot would give money to Lakefield for an advance ticket right now. However, there are people out there that are so naive as to think that ticket will be honored by another airline when the "Closed. We're sorry to inform you that US Airways as ceased operations. Please arrange for alternate transportation." sign goes up on the check-in desk.

Anybody watching the back door of CCY? Bet it's getting pretty busy back there. Maybe some of their TSA exec buddies can show 'em how to skim those last minute bonuses and really party-hardy . . . .

http://apnews.excite.com/article/20041014/D85MSNC01.html

 

[700UW]

There is a law on the books that the other airlines have to honor it, it is set to expire and it is in the process of being renewed as we speak.

Must honor tickets

 

[JonC]

The rest of the story-

The Three Stooges were chief architects of the Manhattan Project.

[post="190639"][/post]​

Before they were executives at US Airways!

 

[Winglet]

The point being that:

1. Unless a pax gets a paper ticket well in advance, they're not going to have any proof of having a ticket in the first place, since the U ticket kiosks and ticket counters will almost certainly be closed.

2. If it's around holiday time, chances are they'll not be any space-A seats anyway, and any extra will be taken up with other U pax or the airlines' own employees.

3. I don't think an competing airline that doesn't fly the direct route you're going on is obligated to route you on several of their flights round-about to get you to where you want to go.

Bottom line. Even if you're holding a paper ticket, it's likely to be very very hard to get where you want to go and get back, and if you show up at the airport to use the kiosk, you're not going to have any ticket to show another airline, hence "sorry."

I wouldn't buy a ticket on a bankrupt airline, but if you do, don't start wailing when you get stuck.

 

[eolesen]

With S.1113(e) imposition and if all new/permanent labor accords are complete before the first of the year, the company may not have to reject aircraft (the decision is due mid-November) and the company could emerge in early spring.

[post="190664"][/post]​

Sorry, but I don't think US has a choice but to reject aircraft other than just the 330 fleet. The current lease rates on some of the A32x fleet are just way too high.

The days of US being anything more than a large regional are over. Having 200+ aircraft is part of what got y'all in the position you're in.

One of US's biggest cost problem is fleet duplication. The 757 and 321 are too close in size, the 734 and 320 are too close in size, and the 733 and 319 are too close in size. You're maintaining spares and overhaul lines on six fleet types when three could do the same job.

The best scenario as I see it for survival would be to dump the 330s, all 31 757s and most if not all of the remaining 737 fleet.

Keep the 767s, knowing that their market value sucks and that the lessors can't do anything with them. It also provides some range where the 321 won't cut it, and might even allow US to keep some European service.

That leaves around 125 aircraft. Yes, that considerably smaller than the 150 fleet proposed in the LCC model, but it poses a better opportunity for survival.