US AIRWAYS to go outta business

[Mazdarx7]

Just doing some research lately and from what I am reading, all sources point to US Airways being the next major to go out of business or at least file chapter 11.....Any thoughts on how long, if at all?

 

[Soverytired]

Seriously, I wouldn't worry about it. All the majors, and by extension their contract help, are in very serious trouble. You can't control it anyway.

Have the backup plan ready, the resume dusted off and updated, and get ready for lots of company (which misery doth love).

 

[meyers9163]

Seriously, I wouldn't worry about it. All the majors, and by extension their contract help, are in very serious trouble. You can't control it anyway.

Have the backup plan ready, the resume dusted off and updated, and get ready for lots of company (which misery doth love).

Exactly! Jesus can we close this thread already.... People quit being so stupid! Get a life.... Go to work, go home and STFU.... do your job etc.... Stop getting caught up in all this drama. Plus UAL and others had higher losses the past few Q's!

 

[CX880]

Exactly! Jesus can we close this thread already.... People quit being so stupid! Get a life.... Go to work, go home and STFU.... do your job etc.... Stop getting caught up in all this drama. Plus UAL and others had higher losses the past few Q's!

Then what's going to become of Flightinfo?

 

[Soverytired]

Then what's going to become of Flightinfo?

I suspect traffic will rise exponentially on the "Foreign" airlines side of flightinfo as everyone heads out to make some serious cash at profitable airlines.

 

[Abernathy]

wtf kind of thread title is that

 

[Erlanger]

Just doing some research lately and from what I am reading, all sources point to US Airways being the next major to go out of business or at least file chapter 11.....Any thoughts on how long, if at all?

What's funny is that you posted it on the "regional" forum. You didn't have the guts to post it under the "majors" forum. You would of gotten a much different response there. Were you scared?

 

[knewhigher]

close this garbage.

 

[Stifler's Mom]

What's funny is that you posted it on the "regional" forum. You didn't have the guts to post it under the "majors" forum. You would of gotten a much different response there. Were you scared?

Because nobody would have responded, thus it would have slipped off of the first page within 1 hour.

 

[Stifler's Mom]

This thread isn't from 3 or 4 years ago is it?

 

[Erlanger]

This thread isn't from 3 or 4 years ago is it?

No, it shows mazdarx7 posted it today at 14:10

 

[grog_sit_reserv]

USAirways has $2.8 Billion in unrestricted cash. I think the analysts who posted this story didn't do his homework. I bet he just sees that Oil is high, picked the airline that was always ailing in the past and typed a little story out of his butt.

A much more honest study by IAG shows that we can last 2.1 years at the current rate of loss before liquidity becomes a problem.

As painful as the current climate is, none of the legacy carriers are facing liquidation. The worst off according to the IAG study shows United is the worst off, at their current rate of losses they could only last about a year and a half before they use up their cash.

I think for the first time in about 20 years US Airways is pretty well positioned to weather the downturn. Or, at least as well as most of the other majors.

A lot of this "crisis" is media hype. Everyone needs to relax a little.

 

[Mazdarx7]

WASHINGTON (Reuters) - U.S. airline shares fell on Friday on new concerns about unrelenting fuel cost pressures as global oil prices moved higher again.
A new Wall Street forecast of widening quarterly losses for the airlines further stoked the view that a steep decline in fuel costs appears the only way for some carriers to avoid bankruptcy.

US Airways Group Inc (LCC.N: Quote, Profile, Research) led the sector decline with shares dropping 85 cents, or 16 percent, to $4.37 in afternoon trading on the New York Stock Exchange.

United Airlines, a unit of UAL Corp (UAUA.O: Quote, Profile, Research), was off nearly 6 percent to $7.67;
Continental Airlines Inc (CAL.N: Quote, Profile, Research) fell 7 percent to $13.30;
Delta Air Lines Inc (DAL.N: Quote, Profile, Research) was down nearly 3 percent to $5.61;
and American Airlines, a unit of AMR Corp (AMR.N: Quote, Profile, Research), was 2 percent lower to $6.42.
Overall, the Amex airline index .XAL was off 3.5 percent as global crude prices rose to over $132 a barrel on a weaker dollar and nagging concerns about production. The airline index had fallen nearly 5 percent earlier in the session.

Airline stocks had rallied on Thursday on a 3 percent drop in oil prices.
Analysts and industry insiders have been increasingly pessimistic about the outlook for U.S. airlines despite recent revenue gains in a weakening economy.
"I do think the industry is probably facing its biggest crisis perhaps in modern history, even bigger than the horrible days of 9/11," said Patrick Murphy, of aviation consulting firm Gerchick-Murphy Associates.
Quarterly loss forecasts from Wall Street have worsened significantly for some carriers, including United, US Airways and American.

"Some of the losses we forecast are very large," UBS analyst Kevin Crissey said.

Rick Seaney, chief executive of airline ticket research site FareCompare.com, said fare increases are working. "But the problem is they can't even remotely cope with the increase in the price of fuel," he said
Analysts paint a bleaker long-term picture absent steep capacity cuts, higher fares and dramatically lower fuel prices.

In a research note to clients earlier this week from JP Morgan analyst Jamie Baker, US Airways topped the list of major carriers at risk for bankruptcy. Northwest was second, followed by United.

Crissey's note also said the value of shares currently are based on the chance that "fuel prices plummet" before carriers must seek bankruptcy protection.
To help offset high fuel prices, Northwest said on Friday it plans to raise fuel surcharges in certain markets for cargo flights beginning in June, pending regulatory clearance.

(Reporting by John Crawley and Mark McSherry; Editing by Tim Dobbyn)

 

[LowlyPropCapt]

9 years and 2 airlines have only taught me one thing:

You never know what is going to happen. Ever.

 

[Mazdarx7]

Also, it is just a question that has been asked to have a conversation...Based on what I have been reading. Some if you guys need to chill the F out, there is nothing wrong with talking about these things...Otherwise, maybe the newspapers and television stations should not talk about it either..