FlyerTalk Forums - View Single Post - United Airlines Ends Contributions to Employee Pension Plans
Old Jul 23, 2004 | 4:23 pm
  #12  
NWILGuy
 
Join Date: Aug 2002
Location: Evanston, IL
Posts: 373
Originally Posted by LDVFlyer
Read AA's latest quarterly report. They've met all their pension obligations for the year.

Only UA is in your words "deeply in the hole."

But a more important point to the AA angle is that a United Airlines with $500M/year less pension costs than American would be significantly more competitive and without the burden may be in a better position (longer term) to expand. If UA dumps its pension, I would be hard pressed to believe that AA won't eventually head down that road, at least in part.
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