PPRuNe Forums - View Single Post - United Airlines, Chapter 11 status
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Old 15th Aug 2002, 21:55
  #14 (permalink)  
bean_counter
 
Join Date: Jun 2001
Location: uk
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**I'm not a pilot so don't read any further if you don't think I should be allowed to post here**

pilots gain 25% and offer 10% back - nice !

other unionised groups also gain after the pilots deal, but offer nothing back at all - even worse !

I thought all non-union in UAL (and in every other 'big' carrier in trouble) had already had their reductions "volunteered"

either way it really doesn't matter, there's no way they can sort this inside their 30 day time limit

the damage was done a long time ago - by a combination of
1. greedy unions (not just the pilots)
2. poor/weak/misguided/incompetent management
3. senior execs who are rewarded regardless of performance

its a recipe for disaster

I think UAL will find it much harder than US Air to get out of this mess. From what I read US can shrink down onto a good high demand base of N.E.USA shuttle - probably worth investing in that. But there will be a shortage of investors willing to prop up such a big network carrier with its track record of pouring money away at record rates, lets not forget UAL were on course to lose USD 1 billion plus long before 9/11.
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