Originally Posted by inline five

With the run-up in fuel prices you needed the liquidity provided by the merger. You were a year away from being insolvent.

AMERICA WEST HOLDINGS CORP - 10-K Annual Report - 12/31/2004

The financing for the merger and subsequent liquidity came from outside the airline. America West contributed nothing to the merger. Neither did US Airways. It was an outside deal, just like the US-AA one. Incidentally, it's most likely why Dough & CO. have been purchasing stock. It's a dumb investment but temp. pops the stock (or keeps it up) allowing the UCC members to offload their allotment and GTFO.

I'm not sure why you guys are so mad. You won the career lottery.