jetcareers - View Single Post - Since when does a bankrupt company pay bonuses?

flyover · March 19th, 2005, 13:37

Well, it's good you're optimistic. The comment that caught my attention was this one:
[ QUOTE ]
United Airlines, which has been operating under Chapter 11 bankruptcy protection since December 2002, said its loss from operations for the quarter was $655 million, compared with $231 million a year earlier. Operating revenue rose to $3.89 billion from $3.68 billion.

[/ QUOTE ]

Add to that the latest from CAL and AMR such as this:

American Airlines May Need More Worker Concessions Due to Cash Crunch

and this:

Continental Tops Bankruptcy Watch

It kind of indicates to me that there is no amount of cost cutting that can save the legacies unless there is also a shut down of some hubs and reduction of capacity.

March 19th, 2005, 13:37	#23
flyover Old Skool Join Date: Mar 2004 Location: Georgia Posts: 3,389	Re: Since when does a bankrupt company pay bonuses? Well, it's good you're optimistic. The comment that caught my attention was this one: [ QUOTE ] United Airlines, which has been operating under Chapter 11 bankruptcy protection since December 2002, said its loss from operations for the quarter was $655 million, compared with $231 million a year earlier. Operating revenue rose to $3.89 billion from $3.68 billion. [/ QUOTE ] Add to that the latest from CAL and AMR such as this: American Airlines May Need More Worker Concessions Due to Cash Crunch and this: Continental Tops Bankruptcy Watch It kind of indicates to me that there is no amount of cost cutting that can save the legacies unless there is also a shut down of some hubs and reduction of capacity.