Tomorrow Should Be An Interesting Day.

[mrfish3726]

The exclusivity period, which expires Aug. 31, prohibits United's creditors from proposing rival restructuring plans in their quest to recover the $21.5 billion they claim they are owed.

So far, the judge has limited extensions of the airline's exclusivity period to one month at a time.

United's creditors have not yet clamored for an opportunity to put forward their own plan.

But Baggeley said that could change if the unsecured creditors committee loses confidence in the company's plan or if it loses patience with the lengthy bankruptcy process.

"It's a matter of patience and whether they believe management's plan is going to work. This depends mainly on whether UAL can attract financing. If that appears doubtful, alternative plans could emerge," he said.

This last paragraph is a joke! Plan, UAL hasn't had a good plan for 20 years.

Wish you all the best of luck at UniTED, and hope that this time around you can really change the way management has run that company. It's going to cost alot of you dearly again as it did in 2001/2002. But if you can get a trustee to take over, maybe they will run Tilton, Brace, McDonald and all the other UAL chronies out of town. That's what it finally took at Continetal to turn them around, and stop the old school line of thinking.

 

[mrfish3726]

He'll be laughing all the way to the BANK!!!

 

[Retired1]

He'll be laughing all the way to the BANK!!!

[post="170791"][/post]​

mrfish

Do you just like twisting the tail of UA employees? I think they are already very aware of whats going on.

 

[The Ronin]

They'll wait mrfish....they'll wait to SEE if UAL can pull off the pension issue....because that is basically the lotto for them. They don't give a rats ass about a plan as long as they are going to get their money. But there IS something to be very, very worried about....IF, and this is a big IF, UAL can pull off the screwing of the century....what would an airline with 450 planes, experienced labor force, routes, gates, pay structure on par with LCC's, and almost 0 balance sheet be like??? Of course with OUR management ....they'd even f*ck that up....

 

[Just Plane Crazy]

The exclusivity period, which expires Aug. 31, prohibits United's creditors from proposing rival restructuring plans in their quest to recover the $21.5 billion they claim they are owed.

So far, the judge has limited extensions of the airline's exclusivity period to one month at a time.

United's creditors have not yet clamored for an opportunity to put forward their own plan.

But Baggeley said that could change if the unsecured creditors committee loses confidence in the company's plan or if it loses patience with the lengthy bankruptcy process.

"It's a matter of patience and whether they believe management's plan is going to work. This depends mainly on whether UAL can attract financing. If that appears doubtful, alternative plans could emerge," he said.

This last paragraph is a joke! Plan, UAL hasn't had a good plan for 20 years.

Wish you all the best of luck at UniTED, and hope that this time around you can really change the way management has run that company. It's going to cost alot of you dearly again as it did in 2001/2002. But if you can get a trustee to take over, maybe they will run Tilton, Brace, McDonald and all the other UAL chronies out of town. That's what it finally took at Continetal to turn them around, and stop the old school line of thinking.

[post="170777"][/post]​

Please tell me any of he Legacy airlines that are considered to have a good plan. Go into any of the other airlines posts and every one in the legacy carrier’s categories complains that their airline has no good plan and that the LCC’s are ruining the wages. Every one is unhappy with its employer’s etc. etc. etc. Continental’s changes came in a very different time. LCC’s as they exist today where limited to SW. Today the LCC’s with their cost structure are breathing down the neck of the Legacy carriers and the creditors are not as emotional as the employees. They look at this in a complete different way and for them the plans of the management could be making sense and they agree with it. And be careful what you wish for. A trustee might turn every thing around in a way that what you have today will look like the better deal. Worst-case scenario could be that UAL employees are lining up at the unemployment line and tens of thousands of families will suffer for a long time.

 

[WorldTraveler]

I’m not sure that it’s valid to say that every legacy carrier has no plan. In reality, AA and CO were well on the way to restructuring their businesses before oil started its run-up this spring. Ultimately, oil cannot remain above $40/bbl without some major restructuring of the way the world works. As is typical, mere problems for the rest of the world and life-and-death crises for the airline industry. Let’s also not forget that the legacy airlines led the industry in managing fuel costs up until a couple years ago. Even so, the LCCs cannot continue to hedge fuel at their current hedge levels so their competitiveness will begin to unwind (although in may take some time). In the meantime and because no one knows how long fuel will stay at its present levels, every airline management team is going to use fuel as part of the “weaponâ€￾ they need to get greater cost concessions than what has previously been attained. However, since the legacy carriers are in such a deep hole, it will take a very long time for them to dig out even under the best of situations.
The cost cutting drive will continue until the imminent threat of failure passes. In reality, the airlines are achieving now what they have been unable to achieve for several decades so they are not likely to stop any time soon. Because United is likely at a crisis point in turning itself around, it will undoubtedly have to make substantial cuts not only to its cost structure but also to its network – something it has largely resisted. Most USAirways employees, on the other hand, have apparently already decided they will not give any more and that move alone may help improve the fortunes of other east coast carriers like Continental and Delta.

 

[The Ronin]

I’m not sure that it’s valid to say that every legacy carrier has no plan. In reality, AA and CO were well on the way to restructuring their businesses before oil started its run-up this spring. Ultimately, oil cannot remain above $40/bbl without some major restructuring of the way the world works. As is typical, mere problems for the rest of the world and life-and-death crises for the airline industry. Let’s also not forget that the legacy airlines led the industry in managing fuel costs up until a couple years ago. Even so, the LCCs cannot continue to hedge fuel at their current hedge levels so their competitiveness will begin to unwind (although in may take some time). In the meantime and because no one knows how long fuel will stay at its present levels, every airline management team is going to use fuel as part of the “weaponâ€￾ they need to get greater cost concessions than what has previously been attained. However, since the legacy carriers are in such a deep hole, it will take a very long time for them to dig out even under the best of situations.
The cost cutting drive will continue until the imminent threat of failure passes. In reality, the airlines are achieving now what they have been unable to achieve for several decades so they are not likely to stop any time soon. Because United is likely at a crisis point in turning itself around, it will undoubtedly have to make substantial cuts not only to its cost structure but also to its network – something it has largely resisted. Most USAirways employees, on the other hand, have apparently already decided they will not give any more and that move alone may help improve the fortunes of other east coast carriers like Continental and Delta.

[post="170946"][/post]​

Delta is will be in BK soon....CAL is leveraged to the hilt....AMR is bleeding as bad if not worse trying to protect all it's routes....the legacy carriers will wipe out most of the "legacy" cost stucture and probably consolidate eventually creating a "whip saw" effect and then the LCC's will be under extreme pressure and the cycle will begin anew....

 

[uafa21]

A FA I flew with the other day said UA was trying to force Frontier out of business. I told them that while that may be true, we may be gone before them. They didn't believe me.

There will be some fallout this year either by legacy carriers or cutting of routes. the LHR thing next week will not help anything either. I see where they were offered a raise and I wonder if they have the same pensions as us. I just hope UA knows the consequenses of playing with the pensions.

 

[mrfish3726]

It was an interesting day, another 30 day extention. Soon everyone involved will get tired of those 30 day continuations to no where. Almost two years now and they still don't have a plan, INCREDIBLE. As time passes, the pressure continues to mount against Tilton and the BOYZS.