FlyerTalk Forums - View Single Post - Airline Consultant says "United to announce massive flight cuts and layoffs"
Old May 30, 2008 | 8:04 am
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Originally Posted by oswaldjacoby
United is losing so much money that there is a distinct possibility that it could eventually just go away. So there is always the risk that the cuts could be 100%. It is hard to imagine how United is going to be able to survive without another trip to the bankruptcy court, and perhaps they could use that to reorganize into something that is not a red ink machine. But there is always the probability this wont be successful and United will cease to be.
The next round of bankruptcies for the airlines will not result in restructuring. Chapter 7 will be the only viable option as nobody in their right mind would offer financing.
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