USA320Pilot
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- May 18, 2003
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US Airways to cut hubs further - Charlotte unaffected as other cities stress point-to-point flights
In any event, the analysts agree a second Chapter 11 filing would not necessarily be a disaster.
Mike Boyd of the Boyd Group in Evergreen, Colorado notes Continental Airlines Inc. went through that ringer twice and is doing well.
And Bill Warlick, an analyst with Fitch Investors Service (who audited every ATSB loan guarantee application) thinks US Airways has sufficient liquidity that its creditors would not force liquidation of the company. “I think they (US Airways) will be given a shot at (a formal) restructuring again," he said.
Complete Story
Respectfully,
USA320Pilot
In any event, the analysts agree a second Chapter 11 filing would not necessarily be a disaster.
Mike Boyd of the Boyd Group in Evergreen, Colorado notes Continental Airlines Inc. went through that ringer twice and is doing well.
And Bill Warlick, an analyst with Fitch Investors Service (who audited every ATSB loan guarantee application) thinks US Airways has sufficient liquidity that its creditors would not force liquidation of the company. “I think they (US Airways) will be given a shot at (a formal) restructuring again," he said.
Complete Story
Respectfully,
USA320Pilot