USA320Pilot
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- May 18, 2003
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Big Airlines: Not Much Runway Left - United and the other major carriers must remake themselves -- or go down trying
It's more likely that one or more carriers will follow in the footsteps of such dinosaurs as Pan Am, Eastern, and TWA. "Labor will clearly do something" at both United and US Airways, predicts one high-ranking airline executive.
Vaughn Cordle, a United pilot and financial analyst who runs AirlineForecasts LLC, questions whether airline employees truly understand the magnitude of the problems facing their carriers, especially the crushing debt and pension costs. If workers refuse to make the necessary changes, he believes, airlines such as United will be forced to start selling assets. In short, they'll slowly begin to liquidate, and that will only exacerbate cost and revenue problems.
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Regards,
USA320Pilot
It's more likely that one or more carriers will follow in the footsteps of such dinosaurs as Pan Am, Eastern, and TWA. "Labor will clearly do something" at both United and US Airways, predicts one high-ranking airline executive.
Vaughn Cordle, a United pilot and financial analyst who runs AirlineForecasts LLC, questions whether airline employees truly understand the magnitude of the problems facing their carriers, especially the crushing debt and pension costs. If workers refuse to make the necessary changes, he believes, airlines such as United will be forced to start selling assets. In short, they'll slowly begin to liquidate, and that will only exacerbate cost and revenue problems.
See Story
Regards,
USA320Pilot