- May 20, 2005
- Total Time
IMHO if they do not get their financial house in order and quick, this is the tip of the iceberg.
The complete story is 600 customer service (airport) employees--not pilots:http://www.cnn.com/2009/US/07/14/usairways.jobs/index.html
I think Nicolau is hand-picking the 600...then the old Easties will moan that they were unfairly over-represented.
Do you have a link to any facts backing up this statement? As far as I have read, LCC ended the quarter with roughly $2.25b in cash/receivables. Of that, approximately $1.7b is unrestricted. No substantial debt payments due until 2014.I agree, but this is bigger than pilot issues. They are in violation of their bankruptcy covenants. They are in default of some very large accounts. Solving the pilot issues would not solve this.