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First U.S. to go under?

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Old Aug 25, 2003 | 3:58 pm
  #1  
dll
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First U.S. to go under?

Admittedly, it's a little sadistic and negative, but part of me wonders just the same.

Which of our current U.S. airlines will be the next to go Ch. 7 (liquidation)?? Many were speculating it would be United for awhile.

My vote based on recent sentiments in a variety of venues:

1. US Airways
2. United Airlines
3. Midwest Airlines

In that order. It's apparent to me that US Airways is struggling in a major way...United, too.

Thoughts from the forum?
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Old Aug 25, 2003 | 4:08 pm
  #2  
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Most companies go into Chap. 11 before Chap. 7.

1) US Airways isn't even in Chap 11 anymore.

2) United is almost out of Chap 11.

3) Midwest was never in Chap 11 or Chap 7.
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Old Aug 25, 2003 | 5:42 pm
  #3  
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US isn't going to go Chapter 7, for goodness' sakes. It's in better shape than UA.

I thought UA would liquidate already, but now I'm not so sure. It will shrink but not die.

Consolidations/mergers are much more likely than liquidations from this point.
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Old Aug 25, 2003 | 8:10 pm
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see this

UAL is apparently doing fine
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