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Aeroman,MrAeroMan said:Pit....First of all I didn't say U was in bad shape. I gave an example of what his vision was after the merger that he conveyed to a group of us that met him.PITbull said:AeroMan,
Since U was in such bad shape from Colodny's days as you imply...
Explain the $$$$$ billions made between 1995 through 1999????? Fluke?
Now, to answer your question as to the profits it is quite simple. It was the economy. Business was so good that even the worst business people with the worst business model could make money...even the dynamic duo. Just because they made billions doesn't mean there wasn't structural defects in the business model to begin with. 9/11 came along and all those weaknesses were magnified.
Ed Colodny was a nice man....maybe too nice imo. What he wasn't was the man to head up US Air after the merger. I don't think he really wanted to do the merger but as you have stated Icahn was hungry and looking to feed again so Ed did it to stop him. The problem was the food (US Air) that Icahn was looking at had so much fat on it even Carl didn't want to attempt to feed on it. Ed should have trimmed the fat and left a lean company that could compete and instead he planted seeds that have morphed to what is left today.
No one has ever tried to fix the core problem with the airline until this group came along. Schofield was so far in over his head he couldn't think straight and everyone knows WolfGang came in to make money selling the joint. Siegle is the one who is actually trying to fix the problem that has existed since cutover day. The problem now is he's made so many mistakes and his trust meter has bottomed out it's most likely to late to actually fix what is wrong.
Not really. Well, I guess it worked for a while, but how many flights does USAirways run up and down the west coast? None? Hmmm. How many hubs does USAirways have west of Pittsburgh. None? Hmmm.oldiebutgoody said:The PSA purchase was an attempt to grow USAIR into a national airline from a regional one, and in that regard it worked.
mweiss,mweiss said:Not really. Well, I guess it worked for a while, but how many flights does USAirways run up and down the west coast? None? Hmmm. How many hubs does USAirways have west of Pittsburgh. None? Hmmm.
Sounds like a regional airline to me. It's the northeast equivalent to America West's southwest regional airline. Sure, there are some long-distance legs, but let's not kid ourselves...USAirways isn't a "national" airline. Really, right now, there are only four airlines I could consider to be truly national: AA, UA, DL, and NW. They all have hubs that allow them to reasonably cover substantial portions of the country's routing.
I understood that. Where we disagreed was in the word "worked." Yeah, for a few years they continued the PSA routes, but you can't change that sort of stuff overnight. The old PSA network withered away mighty quickly.PITbull said:Oldie was ... speaking to the fact that the premise for purchasing PSA, was at the time (15 years ago) a "plan" to change the image of USAir as "regional" East coast carrier, to "national".