USA320Pilot
Veteran
- May 18, 2003
- 8,175
- 1,539
Pitbull:
Pitbull said: "Are you implying that U finance and Dave are lying? That wouldn't be unusal.. But, is that what is happening. That U has much more hidden money than they are willing to report to the SEC? Wouldn't that be fruad?"
Chip comments: Pitbull, the company basically issued a press report, which was not required to be released, immediately before the AGAA submitted its counterproosal to Governor Ed Rendell and the announcement of the heavy maintenance contract. I find the timing of a "not required" report suspect.
But fraud is probably to strong of a word because the press report had "no meat". Does US Airways have financial and /revenue cost challenges? Yes, but I believe the airline has the time to permit revenue enhancements (RJ's/alliances/marketing programs) to kick in while it continues to restructure to lower unit costs.
Apparently, investors think so too.
Respectfully,
Chip
Pitbull said: "Are you implying that U finance and Dave are lying? That wouldn't be unusal.. But, is that what is happening. That U has much more hidden money than they are willing to report to the SEC? Wouldn't that be fruad?"
Chip comments: Pitbull, the company basically issued a press report, which was not required to be released, immediately before the AGAA submitted its counterproosal to Governor Ed Rendell and the announcement of the heavy maintenance contract. I find the timing of a "not required" report suspect.
But fraud is probably to strong of a word because the press report had "no meat". Does US Airways have financial and /revenue cost challenges? Yes, but I believe the airline has the time to permit revenue enhancements (RJ's/alliances/marketing programs) to kick in while it continues to restructure to lower unit costs.
Apparently, investors think so too.
Respectfully,
Chip