united bankruptcy
Aug 4, 2002 | 9:00 am
#1
Original Poster
Join Date: May 2002
Location: PDX
Programs: AA LT Plat, Bonvoy LTTit
Posts: 299
united bankruptcy
Their stock went down 20% or more friday based upon their hirig of bk atty's. Keep the miles, transfere somewhere, take some prozac? help me sleep at night
Aug 4, 2002 | 9:06 am
#2
FlyerTalk Evangelist
Join Date: Apr 2001
Location: DCA
Programs: AMC MovieWatcher, Giant BonusCard, Petco PALS Card, Silver Diner Blue Plate Club
Posts: 22,314
UA is posturing for gov't $.
Besides, even if it went BK, it would continue to operate. You'll still be able to claim awards.
Of course, you could always just go get yourself AwardGuard.
Besides, even if it went BK, it would continue to operate. You'll still be able to claim awards.
Of course, you could always just go get yourself AwardGuard.
Aug 4, 2002 | 10:29 am
#3
Join Date: Jan 2002
Location: atlanta, GA
Posts: 2,040
just to be precise, there is no guarantee that you would be able to claim awards if a carrier files for bankruptcy. You will have the status of an unsecured creditor and will be at the end of the line. Now as a practical matter there may be good business reasons why they will honor your points in the vast majority of cases, but they will not technically be required to do so.
Aug 4, 2002 | 10:40 am
#5
Moderator: Avianca, Travel Photography, Travel Technology & USA
Join Date: Jul 2001
Location: Far western edge of the La-La Land City limits
Programs: Emeritus VIP Fromins Deli Encino grandfathered successor program - UA MM & HH Diamond
Posts: 3,812
Please visit the Flyertalk United forum. There are quite a number of active threads on the subject, and many others posted in the last thirty days.
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Craig6z
Buzz & United Moderator
[email protected]
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Craig6z
Buzz & United Moderator
[email protected]