g_leyser
Mar 18, 03, 4:21 pm
This is starting to look pretty scary:
http://www.chicagobusiness.com/cgi-bin/news.pl?id=8249
Quote: "(Reuters) — Bankrupt United Airlines forecast a first-quarter operating loss of $877 million and said for the first time publicly that liquidation is a "distinct possibility."
In the last week alone, UAL Corp's United's domestic bookings are down and international bookings have dropped 40 percent due to the impending Iraq conflict. "
...
"Liquidation is a distinct possibility if United does not receive its proposed labor cost reductions," the airline said. "The consequences of liquidation for all United stakeholders would be catastrophic. In particular, liquidation would mean that all of United's employees would lose their jobs."
------------------
"I just wanna wish you good luck, we're all counting on you"
-Dr. Rumack
http://www.chicagobusiness.com/cgi-bin/news.pl?id=8249
Quote: "(Reuters) — Bankrupt United Airlines forecast a first-quarter operating loss of $877 million and said for the first time publicly that liquidation is a "distinct possibility."
In the last week alone, UAL Corp's United's domestic bookings are down and international bookings have dropped 40 percent due to the impending Iraq conflict. "
...
"Liquidation is a distinct possibility if United does not receive its proposed labor cost reductions," the airline said. "The consequences of liquidation for all United stakeholders would be catastrophic. In particular, liquidation would mean that all of United's employees would lose their jobs."
------------------
"I just wanna wish you good luck, we're all counting on you"
-Dr. Rumack