WSJ is reporting the Asset swap has been Cancelled.
Waiting for Company Press Release
is this good news or bad newsWSJ is reporting the Asset swap has been Cancelled.
is this good news or bad news
Good question. US has two options now - try to make something of LGA, or sell the slots to whomever wants them. Since we closed the LGA and BOS bases, I am not holding my breath for option 1.
Selling the LGA slots just to get rid of them, or to raise some cash was never the intent here. While US would have lost something in LGA, they would have gained more market share in DCA. If this deal can't come to pass, US has little choice but to make LGA work for them. Less Express flying and more Mainline would be a good place to start. I wouldn't give an inch if this or any other deal would benefit SW in ANY way.Good question. US has two options now - try to make something of LGA, or sell the slots to whomever wants them. Since we closed the LGA and BOS bases, I am not holding my breath for option 1.
How is it good news if the LGA operation is losing money?
I hope DL & US beat the government.