You are not wrong, I would invest $1.5bil in UA to emerge from BK. Of course there would be major changes and many of 'em! Begin with new managers. Dump DEN. Emphasize cargo as a revenue source not just a by-product. Convert TED to a Privatair model and fly the cream pax, leave the dirty masses to the LLCs. Cut a deal with the feds on the pension issue, something like "we won't dump on the PBGC but you've got to work with us". Cut base wage rates but also give 'em productivity incentives not just a beat-down. WHQ info tech costs are astronomical. Ban all 'consultants' and investment bankers. Change advertising agencies (those new pastel commercials are beautiful but they're too long and represent old-style thinking). Attract outsourcing work from other airlines (i.e. mechanics, overhaul etc cause UA already has the fixed cost and knowledge base). Fire the lawyers. Take on a 24.9% foreign partner until we can change the law. Make all union contracts expire on the same date so we don't have this ongoing drama. Sell sell sell -- every employee is a salesperson.
As for the other points in this thread....
SW is not the place for a $1.5bil cash injection now, not enough upside.
Seatacus: bullet trains don't get you overseas. And the money would all go for infrastructure. Plus too many environmental studies and such. I want a home run NOW.
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