US Airways Miscalculated Financial Needs
Mistake Contributed to Cash Crisis
By Keith L. Alexander
Washington Post Staff Writer
Tuesday, September 14, 2004; Page E01
US Airways Group Inc. executives underestimated by about $1.3 billion the airline's needed revenue for healthy operations, a miscalculation made during its first Chapter 11 reorganization that helped pitch the carrier into bankruptcy protection a second time, an attorney for the Arlington-based airline told a bankruptcy court judge yesterday.
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Gotta love it, they made a $1.3 billion mistake and they are still running the company.
We are doomed.
Mistake Contributed to Cash Crisis
By Keith L. Alexander
Washington Post Staff Writer
Tuesday, September 14, 2004; Page E01
US Airways Group Inc. executives underestimated by about $1.3 billion the airline's needed revenue for healthy operations, a miscalculation made during its first Chapter 11 reorganization that helped pitch the carrier into bankruptcy protection a second time, an attorney for the Arlington-based airline told a bankruptcy court judge yesterday.
See Story
Gotta love it, they made a $1.3 billion mistake and they are still running the company.
We are doomed.