Wed, Feb 05, 2003
And That's a Big Improvement. Sheesh.
Losing over ¾ of a billion dollars in three
months is actually good news for D.I.P. US Airways. That alone says
volumes about how terrible business is, for the industry. US
Airways still maintains it will emerge from Chapter 11 by the end
of March, and points to remarkable progress, as evidenced by its
recently-reported $794 million quarterly loss, as evidence that
it's doing the right things.
A year ago, the fourth quarter losses were around $1.16
billion.
The entire year's results were similarly "encouraging:" the
airline lost $1.65 billion, 23% of revenues; in 2001, the figure
was $2.1 billion (more than 25% of that year's 18% larger
sales volume).
Smaller, leaner, and a whole lot smarter, US Airways is ready
this year to bank nearly $2 billion in savings it plans to realize,
largely from renegotiations of labor contracts. If one does the
math the way the airline does, that points to profitability after
emergence from the court's protection.
All
plans, however, are dependent on forecasters' being able to get
close to the future's economic reality. Although everybody is
planning, to some extent, on a war in the middle east, the actual
scope of that war is anyone's guess. If the forecasters are right,
we'll stick with these predictions. If the uncertainty remains (in
other words, if there is no war, but its threat continues), or if
commonly-held ideas of the size of the coming war are far off-base,
the game could quickly go in a whole new direction.
More News
Light Gun A handheld directional light signaling device which emits a brilliant narrow beam of white, green, or red light as selected by the tower controller. The color and type of>[...]
"The journey to this achievement started nearly a decade ago when a freshly commissioned Gentry, driven by a fascination with new technologies and a desire to contribute significan>[...]
Aero Linx: JAARS, Inc. For decades now, we’ve landed planes on narrow rivers and towering mountains. We’ve outfitted boats and vehicles to reach villages that rarely se>[...]
"Our driven and innovative team of military and civilian Airmen delivers combat power daily, ensuring our nation is ready today and tomorrow." Source: General Duke Richardson, AFMC>[...]
Aircraft Conflict Predicted conflict, within EDST of two aircraft, or between aircraft and airspace. A Red alert is used for conflicts when the predicted minimum separation is 5 na>[...]