Let the "date-ing" begin!
Apr 3, 2008 | 11:27 pm
#1
Original Poster
Join Date: Jun 2005
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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.
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.
