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#1
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The End for US Airways?
US Airways just announced that it is contemplating selling off its East Coast
shuttle service and one of its hubs. We've seen this before (Eastern, Pan Am, TWA). I guess this is the beginning of the end for another "major". |
#2
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The End for US Airways?
"GeneJYao" wrote in message ... US Airways just announced that it is contemplating selling off its East Coast shuttle service and one of its hubs. We've seen this before (Eastern, Pan Am, TWA). I guess this is the beginning of the end for another "major". This would appear to mean that the death spiral has official begun. |
#3
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The End for US Airways?
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#4
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The End for US Airways?
GeneJYao wrote:
US Airways just announced that it is contemplating selling off its East Coast shuttle service and one of its hubs. We've seen this before (Eastern, Pan Am, TWA). I guess this is the beginning of the end for another "major". There was a story in the news a few days ago about US Air renewing its gate contracts at Pittsburg, but only taking a small fraction of the number of gates it had in the past. |
#5
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The End for US Airways?
nobody wrote:
There was a story in the news a few days ago about US Air renewing its gate contracts at Pittsburg, but only taking a small fraction of the number of gates it had in the past. Yup. They're only signing on for long-term leases for 10 gates at PIT (down from 50). By the way, some news sources say that Virgin USA is in talks with another carrier to buy major assets from that carrier. This just came out today (a day after US Airways' yard sale announcement). Curious... |
#6
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The End for US Airways?
GeneJYao wrote:
Yup. They're only signing on for long-term leases for 10 gates at PIT (down from 50). By the way, some news sources say that Virgin USA is in talks with another carrier to buy major assets from that carrier. This just came out today (a day after US Airways' yard sale announcement). Curious... And even with all this, US Airways unions are still refusing concessions. Southwest just announced all sorts of sports sponsorships in Philadelphia. US Air sent a news release today advising all its staff that it has no leaway and cannot afford to lose any cash and that if its bankrupcy rescue plan requires that its cash reserves stay above 900 million. They are now at 1.3 billion, but US air is entering the though winter season, as well as preparing for onslaught of Southwest. Certaintly looks like the stage has been set for US Air to liquidate itself, Virgin buying the leftovers. Because of ownership rules, my bet would be on a joint venture between Virgin and Jetblue with US Air employees rehired as new staff with no inherited rights/benefits. |
#7
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The End for US Airways?
nobody wrote in message ...
GeneJYao wrote: US Airways just announced that it is contemplating selling off its East Coast shuttle service and one of its hubs. We've seen this before (Eastern, Pan Am, TWA). I guess this is the beginning of the end for another "major". There was a story in the news a few days ago about US Air renewing its gate contracts at Pittsburg, but only taking a small fraction of the number of gates it had in the past. JF, I'm impressed. You've just composed an entire message that is actually related to air travel. Well done! |
#8
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The End for US Airways?
nobody wrote in message
GeneJYao wrote: Yup. They're only signing on for long-term leases for 10 gates at PIT (down from 50). By the way, some news sources say that Virgin USA is in talks with another carrier to buy major assets from that carrier. This just came out today (a day after US Airways' yard sale announcement). Curious... US Air sent a news release today advising all its staff that it has no leaway and cannot afford to lose any cash and that if its bankrupcy rescue plan requires that its cash reserves stay above 900 million. They are now at 1.3 billion, but US air is entering the though winter season, as well as preparing for onslaught of Southwest. Certaintly looks like the stage has been set for US Air to liquidate itself, Virgin buying the leftovers. Because of ownership rules, my bet would be on a joint venture between Virgin and Jetblue with US Air employees rehired as new staff with no inherited rights/benefits. US Airways as pieces: US Air Shuttle. This is a profitable business and sellable to any major carrier. DCA hub. A major asset. By far the dominant carrier in an ultra-profitable business traveler location. Philadelphia. Ok, its a big city, but so? Southwest is taking it over. Pittsburgh. Stuck with a too big airport. Not a hub city. Charlotte. Not either. |
#9
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The End for US Airways?
"nobody" wrote in message ... GeneJYao wrote: US Airways just announced that it is contemplating selling off its East Coast shuttle service and one of its hubs. We've seen this before (Eastern, Pan Am, TWA). I guess this is the beginning of the end for another "major". There was a story in the news a few days ago about US Air renewing its gate contracts at Pittsburg, but only taking a small fraction of the number of gates it had in the past. Yeah right. That's what is meant by getting rid of the hub operation at Pittsburgh. Ryan |
#10
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The End for US Airways?
"nobody" wrote in message ... GeneJYao wrote: Yup. They're only signing on for long-term leases for 10 gates at PIT (down from 50). By the way, some news sources say that Virgin USA is in talks with another carrier to buy major assets from that carrier. This just came out today (a day after US Airways' yard sale announcement). Curious... And even with all this, US Airways unions are still refusing concessions. Southwest just announced all sorts of sports sponsorships in Philadelphia. US Air sent a news release today advising all its staff that it has no leaway and cannot afford to lose any cash and that if its bankrupcy rescue plan requires that its cash reserves stay above 900 million. They are now at 1.3 billion, but US air is entering the though winter season, as well as preparing for onslaught of Southwest. Certaintly looks like the stage has been set for US Air to liquidate itself, Virgin buying the leftovers. Because of ownership rules, my bet would be on a joint venture between Virgin and Jetblue with US Air employees rehired as new staff with no inherited rights/benefits. It's sad but the airline unions must accept the fact that this is a high cost low margin industry and can no longer afford the high wages of a bygone era. If the unions don't accept the cuts US Air will liquidate and their next job in the industry will be with a discount carrier paying peanuts for wages and many of those jobs will be part time without benefits. Ryan |
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