Originally Posted by
Daniel Larusso
By Sep 10, 2001 UAL was several months past a merger attempt that had been dead for much longer than that, posting what were then record losses, and were already a few months into the bump/excess circus. The only growing they were doing was in I’ll fated Biz Jet and internet ventures. Their CEO had come off a year where he had been panned by the street and labor and was roughly a month and change from losing his job. Quite the tear.
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That's true. the industry was not doing well in summer of 2001. A big part of that reason was the overexpansion by all the majors. So, my generalization of United being "on a tear" is not accurate. My point is that United expanded through June, 2001 and continued to hire pilots. I read a Q2 2001 report that states that United was shifting away from 4% growth for 2001 to basically flat.