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Hope for US Airways?
Don’t write off US Airways just yet, suggests Ben Mutzbaugh in his column “Today in the Sky” in USA Today. “The airline has more cash at this point than most analysts thought it would, and the carrier’s revenues are headed up, while costs are shrinking,” he said. Unions have also softened their stance against more concessions. The newspaper quoted analysts who said the airline appeared more likely now to meet a series of federally backed loan milestones than they were a few months ago. Reporting on the potential sale of US Airways’ East Coast shuttle, the newspaper said AirTran and JetBlue are among the bidders for the popular route, though the company is now thought to view the sale as a “last resort.” Report by David Wilkening
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