Report Says Sunday Is Bk Filing

[28yrsnojob]

i hope tey file by the end of business today

 

[MrAeroMan]

The fact of the matter is that when they file there will be a huge amount of fallout and I would imagine the first to go would be the cleaners and stores personel. It doesn't take a rocket scientist to do either job and they can get it done for much less with others.

 

[Hula Girl]

i hope tey file by the end of business today

[post="178094"][/post]​

http://funwavs.com/wavfile.php?quote=3690&sound=253

 

[700UW]

US Airways Group Inc.:

-- Faces second trip to bankruptcy court in less than two years, and possible liquidation, if it cannot quickly cut costs by $1.5 billion a year

-- Has laid off more than 18,000 since end of 2001 and achieved more than $1 billion in annual concessions during bankruptcy restructuring in 2002-03

-- In last-ditch talks with labor over proposed $800 million in concessions, including $295 million from pilots

-- In danger of violating terms of government loan package, which requires carrier to have $700 million in cash on hand at the end of each month

 

[usair_begins_with_u]

Keep dreaming.. this freakin company will never go away. Its like a cockroach, no one can kill it.. it will never die. USAir has been on the ropes for years, and somehow makes it through the worst of it all. I would not give back a dime, because somehow it will still survive anyway. Hell.. I'd ask for big raises and see what happens.

 

[PITbull]

PitBull,
I know it’s fashionable to blame the current administration for everything that is wrong with America today, but this Bush has only been in charge for 4 of the past how many years US has been in a downward spiral. You can’t honestly believe any administration can help US at this point; sadly, US employees are reaping the fruits of years of mismanagement and lack of a long-term, viable strategy.
I do think US’ history will be very kind to US employees in regard to the employees and will show management as bearing more of the responsibility. While labor has had a hand in many downfalls in the airline industry, US employees have really done as much as they can reasonably be expected to help the company.

World Traveler,

Now here is were we don't agree.

I have been sitting in the front row on the inside of this thing...and I can tell you that the downward spiral of U had more to do with the past managment (Wolf) who took his eye off the ball in 1999 in his attempt to secure a merger with United. Before that, this company had enjoyed prosperity of billions from 1995-end of 1999. Not only that, this airline and this business model has kept U alive for 50 years...its employees and their families. To imply that U's woes have been around for many years is short cited and a "flipped" answer, IMO. This business is cyclic, and is extremely volitle and vulnerable to enconomic conditions.

The reason U and the industry is having such a hard time has more to do with fuel prices and slow job growth, leaving many Americans only able to afford cheap- o- fares. Rest assured, many of the low cost carriers who will run out of their lower fuel cost hedge, will eventually be in this perdicament if fuel does not start to decline.

The U employees are ready to engage negotiations in BK.

Regards,

 

[Doc]

The airline isn't going to shut down on Sunday. No, I give it six months. And, you know what, if they make it through January and into spring break season, I give them another six months after that. This is not "DOA" by a long shot. Let's see what happens first before hitting the sauce in mass quantities.

[post="177778"][/post]​

To Late gulp gulp gulp

 

[PITbull]

The fact of the matter is that when they file there will be a huge amount of fallout and I would imagine the first to go would be the cleaners and stores personel. It doesn't take a rocket scientist to do either job and they can get it done for much less with others.

[post="178099"][/post]​

They were getting rid of everyone anyway. Furlough creation was the biggest part of these proposals and that is where most of U's cost savings are. Whether we conceded to this as a union or they take it...the net result is the same...a reduction of 30% across the board.

 

[MrAeroMan]

I think 30% is a very conservative figure.

 

[EyeInTheSky]

To Late gulp gulp gulp

[post="178128"][/post]​

Doc, I've hit the Rolling Rock, what should I move onto next? Jack Daniels on the rocks, to go with the impending doomsday scenerio? Better make that a double...

 

[LOVDPIEDMONT]

...the net result is the same...a reduction of 30% across the board.

[post="178129"][/post]​

Will they use BK II to get rid of key union opposition and strong voices like you? Can union leaders be fired straight out? Are there limits in bankruptcy if the goal is to get rid of unions?

Who will stand up for the rank & file?

Please excuse my ignorance about bankruptcy.