PPRuNe Forums - View Single Post - United Airlines, Chapter 11 status

24th Sep 2002, 19:34

#64 (permalink)

GlueBall

Join Date: Jun 2001

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With 46% of revenues eaten up by a bloated payroll, employe owned UAL is one self satisfied glamor company arriving at the end of the rainbow.

There is no escape from the jaws of institutional creditors without bankruptcy protection.