UAL - shut down completely?

[satpak77]

Opinionate please. This is not a bash United thread, altho by appearances it looks like that.

Legit discussion. Will UAL be the first "legacy" to fall victim to these out of control oil prices, failing overall economy, etc?

Shut down soon? When?

 

[D-Bo]

Opinionate please. This is not a bash United thread, altho by appearances it looks like that.

Legit discussion. Will UAL be the first "legacy" to fall victim to these out of control oil prices, failing overall economy, etc?

Shut down soon? When?

They'd love for the employees to believe that.

 

[imisscorplife]

Sad that speculation in the market for oil is the major cause for all of this disruption. If the gov't can get some control over the trading of options/commodities that invlove oil futures it might stabilize things and lower the price of oil/gas big time! That what Im hoping for anyway!

 

[SoCentralRain]

Opinionate please. This is not a bash United thread, altho by appearances it looks like that.

Legit discussion. Will UAL be the first "legacy" to fall victim to these out of control oil prices, failing overall economy, etc?

Shut down soon? When?

If they begin selling off the "crown jewels" it's all over. Pan Am burned the furniture to keep themselves warm. No airline "shrinks to profitability."

IMO, it's setting up a perfect storm again. Oil, economy...yes--huge factors. But mismanagement by Tilton and the boys--specifically their callous attitude towards their employees in what we all know really is a service industry will play a huge part. Call it this: ego and avarice. Bastards.

SCR

 

[contrail67]

Kinda doubt that with the CAL announcement of the alliance...this is more in line of getting ready for a merger.

 

[~~~^~~~]

Sad that speculation in the market for oil is the major cause for all of this disruption. If the gov't can get some control over the trading of options/commodities that invlove oil futures it might stabilize things and lower the price of oil/gas big time! That what Im hoping for anyway!

"Speculators" include the folks that manage funds for retirement and 401K plans. They are joining everyone else in looking for a hedge against the falling dollar. If the dollar is not a stable measure of value, then maybe oil is the best substitute.

Whatever becomes the standard of value increases in value. We had the Gold standard, the dollar standard and currently the oil standard. We could commoditize door knobs and they would increase in value.

The "speculators" are merely the messenger. The message is that Bush's war and economic policies are pushing a structurally bankrupt currency over the edge.

If you shoot the messenger, another messenger is going to show up in another location. The solution is to fix the dollar by accepting the reality that we can't afford what we are doing.

 

[RJAA]

If it come to a point where United has to sell the crown jewels then it's likely they will fall in the hands of one of the partners to maintain the integrity of the alliance. I think Lufthansa is the main player in all of this, it's all about how Lufthansa wants a global network, that cannot be accomplished without a strong North American presence including New York, one of the largest market in the world where Delta and Skyteam continues to develop. Come on. Just think, Continental does not want to marry United but wants to be "really really" close. Something is up.

 

[Flybywire44]

I heard that United was thinking about selling their pacific routes? Is this true? I've not read this anywhere... maybe someone could confirm?

 

[JoeMerchant]

"Speculators" include the folks that manage funds for retirement and 401K plans. They are joining everyone else in looking for a hedge against the falling dollar. If the dollar is not a stable measure of value, then maybe oil is the best substitute.

Whatever becomes the standard of value increases in value. We had the Gold standard, the dollar standard and currently the oil standard. We could commoditize door knobs and they would increase in value.

The "speculators" are merely the messenger. The message is that Bush's war and economic policies are pushing a structurally bankrupt currency over the edge.

If you shoot the messenger, another messenger is going to show up in another location. The solution is to fix the dollar by accepting the reality that we can't afford what we are doing.

Well said Fins.....Ironically many pension plans....including some union pensions are heavily invested in oil....and making lots of money on the rise.

We saw this with tech stocks and real estate....many people now opposed to speculation took part in those speclative bubbles....

A stronger dollar and a real energy policy....INCLUDING MORE DRILLING...would pop this bubble....

 

[Draginass]

Continental is probably trying to position itself for the best spoils of a UAL failure.