Creditors Committee Named

[ClueByFour]

Two more points...

With the Pittsburgh reductions, those employees could be furloughed out of seniority.

When would now be a good time for the union's to seek consensual agreements to limit damage?

While it may get the RC4, if the court (and IMHO, it won't happen) permits the company to whack the pilots for 130+ aircraft out of seniority, you will see an immediate strike on the part of ALPA. (you seem to forget that ditching the 737 and widebody fleet will impact about half of the remaining pilots, thus ensuring the passage of the strike vote)

Goodbye airline.

Oh, and if for whatever reason the out of seniority furlough thing actually comes to pass and the remainder of the U pilot group chooses not to strike, it goes without saying that they'll immediately be castigated by all other mailine ALPA units. Enjoy the commute.

On the issue of the unsecured creditors committee, in U's case is really does not matter. All the tangible assets are secured and the unsecured creditors (much like the last time) will be getting pennies on the dollar, at best and will have very little sway with the court in comparison to the ATSB/BOA juggernaut.

 

[BoeingBoy]

Clue,

If the "150 airplane" model is implemented, it won't make any difference after that. As I just said in another thread, the "can't shrink to profitability" paradigm is alive and well. Too many costs don't shrink as the fleet shrinks (like the ATSB-backed loan), meaning higher unit costs.

No matter how well the power-point presentation looks, shedding airplanes is a recipe for disaster.

Jim