State of the Airlines

Tuesday, January 25, 2005

NEWS: US Airways Optimism Runs Rampant

US Airways took out ads in numerous papers and sent out customers emails proclaiming they airline sees "clear skies ahead" and that "the most difficult days are behind us". Reality Check: US Airways still needs to find a way to exit bankruptcy on June 30. To pull that off they need to, amongst other things, find another $250 million dollars that some investor(s) would be willing to part with. So lets put on a happy face and all link arms. Optimism or spin make the call.