Who is this Herbst guy who keeps getting quoted? His picture is in the corner of his SeekingAlpha.com articles. He's in uniform, looking out of a cockpit window. Is he just an airline pilot who thinks his opinion is more valuable than yours or mine?
The fact that his opinion gets rehashed by other analysts indicates how clueless the industry analysts really are.
Yeah, logic and conventional wisdom indicate that USAirways has used all of it's nine lives. That same logic said they would be gone in 2003...