Quote:
Originally Posted by Seven6SevenDCA
WheelsUp - You wrote
>>UAL could be in the same boat by the end of the year. Not much left to mortgage<<
I am told that United's umencumbered assets are greater than any of the other major carriers, except for American and Southwest. Have you heard differently?
None of the U.S.carriers have a bright prospect, but United's is bad mostly due to extremely poor (and greedy) management, in my opinion.
UAL appears to be in better shape to survive the current short-term bleeding out process than many other airlines. Us Air and AA were listed as most vulnerable among the legacies.
This has nothing to do with management, product, or business strategy, only short-term liquid assets vs. short-term obligations. Again, it's simply about rapid bleeding out...nobody will have time to really re-engineer their business to adapt to the new price of oil.
Airways is probably weak on cash from the merger, AA because they didn't do CH.11 when it was all the rage.