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U.S. Airlines get an economic infusion

MadRat

MadRat

Lifer
Pentagon calls up civilian air fleet

Prologue:

WASHINGTON (CNN) -- Responding to the build-up of U.S. forces in the Persian Gulf, the Department of Defense has activated the Civil Reserve Air Fleet, which allows the U.S. military to transport troops and equipment by commercial aircraft, a spokesman for the U.S. Transportation Command said Saturday.

This is just what they needed to get their industry back up and running.
 
unless you know how much these "large peacetime contracts" are worth, we don't know if this does much for the airlines. it must cost millions a day to pull a regular airliner out of service.
 
Damn. I read "United Airlines" and I thought you specifically meant the parent company, UAL. They closed at $1.04 on Friday, and I'm really hoping for a rally.
 
A sizeable chunk of the current U.S. fleet was funded under this act in the 80's and the airlines get rewarded handsomely for their use. Its a win-win situation for everyone that bought American... sorry Southwest. 😉
 
Originally posted by: MadRat
A sizeable chunk of the current U.S. fleet was funded under this act in the 80's and the airlines get rewarded handsomely for their use. Its a win-win situation for everyone that bought American... sorry Southwest. 😉
Click to expand...
Tell that to shareholders
AMR will be lucky to avoid bankrupcy. Southwest is alive and kicking
 
And when Southwest has to start paying for all those Airbus planes they snatched up expect them to be in the same boat.
 
btw - the reference to buying "American" had to do with U.S.-owned airplane makers, not "American Airlines".
 
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