America West files for more taxpayer money
Nov 13, 2001 | 1:22 pm
#1
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America West files for more taxpayer money
Here we go, folks. A carrier who should be allowed to die a natural death is planning to use more of our money to stay in the air...
http://biz.yahoo.com/rf/011113/n13146222_1.html
hey, what's another $400 million that we will never see repaid...
http://biz.yahoo.com/rf/011113/n13146222_1.html
hey, what's another $400 million that we will never see repaid...
Nov 13, 2001 | 2:40 pm
#2
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I like HP, but their model's absolutely unworkable in this environment and as a precondition for receiving more federal funds, they ought to have to jump through the same hoops any cash-negative firm faces when it goes before a potential venture capital provider, e.g. show how they're going to make money and when.
I think it's a demented use of tax dollars simply to postpone the collapse of a major airline from February '02 to May '02.
I think it's a demented use of tax dollars simply to postpone the collapse of a major airline from February '02 to May '02.
Nov 13, 2001 | 3:16 pm
#3
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their biz model was unworkable in the pre 9/11 marketplace. they've just been squeezed hard by WN in PHX. they can't afford to be full service, yet they can't "out southwest" southwest. from a cost standpoint they have a good model, but they can't generate the yields they need in order to profit.
Nov 13, 2001 | 6:02 pm
#4
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I hate to see any airline fail, and I hate to see a OnePass partner go, but that said . . . I'd really be upset if there is more dole for HP without being convinced that it will simply delay the inevitable.
Nov 13, 2001 | 7:48 pm
#5
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The walking dead, like HP, make the other airlines even more unprofitable because they offer unrealistically low fares so no other airline can profitably serve the given route.
It is essential for the overall health of the industry that walking dead such as HP are gone. Then competitors can start to make a buck and rebuild their balance sheets.
It is essential for the overall health of the industry that walking dead such as HP are gone. Then competitors can start to make a buck and rebuild their balance sheets.
Nov 14, 2001 | 11:24 am
#9
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flyinmike -
why don't you turn those miles into CO tickets for as far out as possible? whts the worst that could happen, you pay to redeposit?
katz -
history says no. if they go belly up, they likely will not reaccomodate you on someone else. sorry, can you change it now to CO or NW? but with the new money, they'll probably be around thru Feb anyway.
why don't you turn those miles into CO tickets for as far out as possible? whts the worst that could happen, you pay to redeposit?
katz -
history says no. if they go belly up, they likely will not reaccomodate you on someone else. sorry, can you change it now to CO or NW? but with the new money, they'll probably be around thru Feb anyway.