US Airways CEO bails
Posted on Dec 19, 2008 under xn--zqqs84h3is.com | editLooks like someone's favorite Chairman will be back in the CEO's seat.
CBS Marketwatch:
"But the real blow to the airline came earlier last summer when United Airlines parent UAL (UAL: news, chart, profile ) pulled out of its agreement to acquire the Washington, D.C.-based airline. Since reaching a high of $48 in December, US Airways' market value has plummeted better than 82 percent.
Though it has been fingered as one of the carriers likely to see bankruptcy because of the double whammy of the United pull out and the terrorist attacks, the carrier said 10 days ago that it is financially sound, for the time being.
On Nov. 17, US Airways said it had completed $404 million in financing that would enable it to end the year with more than $1 billion in cash - nearly $200 million more than previous projections.
It was obvious to me that msn was trying to give flyeral a little chide, not destroy the integrity of the AC forum.
Lighten up a bit!
But to second Shareholder's comment, it wasn't necessary to post it in here. I already read the news in the US Airways forum.
andrew
