Sitting up late browsing the Web and listening to CNBC etc I noticed the following
1) US Air about to go bankrupt. 28000+ employees with thousands of flights a day. They won't stop flying but everyone of those employees has got to be worrying about pensions, layoffs etc.
http://tinyurl.com/6z9rc
2) Delta Airlines contemplating bankruptcy. 60,000+ employees. This is ploy to make the pilots and other employees take pay cuts. A full Chapter 11 will wipe out most of the investor class' stake in Delta and put those 60K employees in fear for their jobs.
There was a joke in the AJC vent along the lines of you used to be able to sell 1 share of Delta and eat in the nicest restaurant in town. Now one share won't cover popcorn at the movies... People are noticing.
http://tinyurl.com/5rjg5
3) United Airlines Pension Woes
United may flake on making payments to their existing pension plans. They mismanaged their pension funds as well as the business in general.
http://tinyurl.com/6we7d
It's not happy days at American either.
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