Originally Posted by
Kenny
AWAC will only continue to exist if the owners think there's enough money to be made. Otherwise, they'll shut it down in a New York minute and walk away with the hundreds of millions they've made over the last 10 years.
They were within days of shutting it down before the USAir deal was finalised. It's a shame because there are some really good people there but it became a place to get your time and get out ASAP, years ago.
Right now there is nowhere to go. That is likely to change with about 1000 retirements per year industry-wide but as of this moment, there is virtually no movement anywhere.
I stand by what I have always said: Private ownership makes this company totally different from those which need to think only to next quarter's stock report. I will be quite stunned if the owners of AWAC just shut the doors. At worst, I think they'll sell the company. But it has been very profitable over the years and I think it will remain so.