Quote:
Originally Posted by goaround2000
From the article:
I think this will be the most likely scenario. Again, it's just an opinion on my part, but CAL is in a much better financial position than UA, why would they merge with a company with such level of liability, when they can just as easily wait 'til UA goes into chapter 11 protection and align their cost structure with CAL?
|
CAL is in a much better financial position than UAL? I'm not so sure about that one. Analysts are saying that United is one of the best positioned carriers to benefit from the eventual economic turnaround.
Airlines go BK when the banks say so. Way too much to lose from BK this time around. UAL's cash flow is like crack to the banks. They will get the financing needed.