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Thread: Let the "date-ing" begin!
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Old Apr 3, 2008 | 11:27 pm
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HonestABE
 
Join Date: Jun 2005
Location: In the gate area on a flight delay
Programs: UA Million Miler, Hyatt Platinum, Starwood Gold, Marriott Silver, Motel 6 Tin
Posts: 1,093
Let the "date-ing" begin!
Consolidate or liquidate - the two ugly choices for domestic air carriers - is now an urgent reality.

Aloha and ATA filed Ch 11 - but suspended operations. Sounds like their creditors want to stop the bleeding now. Not likely they'll emerge from BK.

Up next? Mesa tanked more than 18% today, and has lost 80% of its market cap in the last year.

NWA is also hurting big time.

And UA? Its market cap has lost more than 42% in just the last 2 months.

Unless oil prices take a nosedive soon (not betting on that), the legacies won't have to worry about consolidation....but, alot of travelers may suddenly find they bought tix on an airline no longer in operation.
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