NEWS: Analyst Says US Airways Doomed in 2005
Today's hero is Roger King, debt analyst specializing in airlines for CreditSites. Hey...no shortage of subject matter is there Mr. King. King shares my sentiment that US Airways will liquidate on 2005. In a nutshell there are just too many stresses on the airline. King also indicates that Delta may still need Chapter 11 protection in 2005 based, perhaps in the fall.
Its no secret to the 6 people who have read my blog that I like what Delta is trying to accomplish and that I hate, in general, the way bankrupt airlines are allowed to linger. But here's the difference...Delta is an airline trying to move forward and become a viable airline that can compete. Bankruptcy to give them time to fully implement that plan makes sense versus what is happening at US Airways and United. US Airways and United are airlines rocked back on their heels by heavy blows dealt to the industry and are still tottering without giving any sense that they know what to do next(aside from cutting costs...bravo).
Its no secret to the 6 people who have read my blog that I like what Delta is trying to accomplish and that I hate, in general, the way bankrupt airlines are allowed to linger. But here's the difference...Delta is an airline trying to move forward and become a viable airline that can compete. Bankruptcy to give them time to fully implement that plan makes sense versus what is happening at US Airways and United. US Airways and United are airlines rocked back on their heels by heavy blows dealt to the industry and are still tottering without giving any sense that they know what to do next(aside from cutting costs...bravo).
posted by The ACK at
16:54
