US Airways Dividend Miles (Pre-FlightFund Merger) - US reports $269MM net loss ; Cash position $561MM

http://biz.yahoo.com/prnews/020418/dcth015_1.html
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US is in an even more dire situation than I had imagined. If that tax credit didn't come through, the company would already be in Chapter 11....

[This message has been edited by avek00 (edited 04-18-2002).]

geo1004's prediction:

1. US files to the Air Transportation Stabilization Board for a govt. loan.

2. ATSB will demand lower labor costs.

3. US will re-negotiate labor contracts.

4. Labor unions will fight for every penny, thus ensuring US retains its high costs.

5. US will limp along tetering on the brink of bankruptcy as it has...

...or there will be a big fire sale http://www.flyertalk.com/forum/wink.gif

Does anyone know how the US cost structure compares to the other majors? How does this compare to the labor cost structure of SW?
Thanks for the info

Its not clear if the tax refund has been credited to the cash balance for this quarter.

http://biz.yahoo.com/ap/020418/us_earns_us_airways_2.html

A related article from the AP.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by JayBrian:
Its not clear if the tax refund has been credited to the cash balance for this quarter.</font>

It will be once they file their 10-Q. That should be early to mid May.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by Openwater:
Does anyone know how the US cost structure compares to the other majors? How does this compare to the labor cost structure of SW?
Thanks for the info</font>

Off the top of my head, it's 12 cents CASM (cost per available seat mile) for US and 7 cents for WN. Huge difference.

While they both fly similar length routes, most US routes are in the Northeast, where it is more expensive and delay-prone than in the West. But it's not doubly expensive.