US Airways Dividend Miles (Pre-FlightFund Merger) - US Airways, Without New Plan, Is Dead Man Walking

Bloomberg News Columnist Doron Levin writes a pretty grim commentary.

http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_levin&sid=aTxCCqQ7baZo

March 22 (Bloomberg) -- US Airways Group Inc. faces a
financial plight that recalls a bygone era in the early 1980s
when Chrysler Corp. couldn't stay in business without a
government loan guarantee.

I think it will get dramatic til the very end. The unions are not going to give the money to get the cost reductions they are looking for. I'm not sure what the company thinks. Maybe not much with all the
senior management changes.

All makes for a very nasty year.

Hey - great article and a mention of my old time Dodge Aries K car. Currently at 230,000 miles for my 1988 K car!

I plan to watch the webcast. As a furloughed MCO res agent I can attest to the difficulty in finding suitable employment at prime pay and benefits. I traveled back to the North just for a decent job last May and have since returned to Florida. They employees should consider the paycuts because whatever the cuts are would be better than what's out there for unskilled (little or no college) positions. I topped at $20.30/hr at US after 13 yrs. I have been to Disney res and offered top pay.....it was half as much. I will be starting at Hewitt Inc in 2 weeks. That will be only $5.00 less than US. I just ask that the employees consider the alternatives and talk to those like me who have been out in the real world.

Welcome back Brenda. Sorry to hear about your problems in finding a job.

Our area is one that has had a fairly strong economy. I have interviewed a number of US Airways employees wishing to move into a new field. Each one has recognized that they will have to take a substantial cut in salary in order to have a more secure future.

As you say, hopefully those who are left will understand that the current and future economies look a lot different than the one they were used to.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by sosg:
I think it will get dramatic til the very end....All makes for a very nasty year.</font>

...and hence the reason I went from 360K to 0 miles (4 C/F Int'l tix - on UA and LH) in one phone call a few months ago. The spectre of AN is too strong. You would expect someone to pick up those accounts, but you never know...especially when you no longer hold status in the dead carriers' program.

US's best assets are a bunch of leases on aircraft, gates, and to a lesser extent, slots (DCA/LGA). PHL's value as a gouge center are over and PIT's days as a US hub are numbered.

US, maybe in some re-organized form, might have a future as some type of 'super ACA' basically acting as a North-South feed for UA.

I doubt US will make it to 1Q05 in its present form.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by CoMooter:
I went from 360K to 0 miles (4 C/F Int'l tix - on UA and LH) in one phone call a few months ago.</font>Say again? LH?!?