A brief analysis from earlier in the day:
United Airlines CEO coaxing carrier back from brink
June 17, 2004 — When Glenn Tilton took over at United Airlines in 2002, skepticism abounded that a career oilman could learn the airline business fast enough to pull United out of its dangerous dive.
Industry experts questioned how Tilton could persuade employees to agree to drastic wage and benefit cuts and improve United's performance to reshape it into a cost-competitive airline.
United's emergence from bankruptcy still isn't assured after a more than 18-month stay in Chapter Eleven.
Whether Tilton ultimately succeeds as United's chief executive officer may hinge on an imminent government decision on its application for a federal loan guarantee. If it's rejected, United would likely need a cash infusion and may switch leadership.
Tilton is in Washington today for eleventh-hour talks about United's application. A decision could come this week.
http://abclocal.go.com/wls/news/0617...ns_united.html