grog_sit_reserv
Crashcave Lounger
- Joined
- Mar 28, 2003
- Posts
- 1,070
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.
This one guy is being quoted over and over and over. Its an alarmist and if I may be so bold, incorrect analysis of the Legacy situation.
If you look at NWA's cash position you'd see that they are also looking pretty good, one of the best cost structures in the industry as far as pure balance sheets go.
Sorry, but I don't think this guy is correct. Might as well ask Boyd.