Originally Posted by
cactiboss
I read both articles. It backs up what I read in the SEC filings and comments from the arbitration.
2005 US Airways was off to a bad start before the reverse acquisition. A $611 million loss and the need for $250 million from outside investors.
For the year, the airline's loss was $611 million
US Airways plans to emerge from its current bankruptcy proceedings by June 30. The airline recently obtained more than $1 billion in pay and benefit cuts from its workers. It also needs about $250 million from outside investors for exit financing
757 really? needs to check the facts before he posts his propaganda. He's got to know that people have access to the truth by clicking on it. He certainly is not credible.