ITYT Travel Forums  

Go Back   ITYT Travel Forums > General Travel Topics > General Travel > News
Click Here to Login

Thread Tools Search this Thread
Old 08-12-2002, 08:57 PM   #1
Senior Member
ITYT Navigator
Join Date: Sep 2001
Location: AUS
Posts: 690
Bankruptcy fears heighten at United after US Airways filing

Bankruptcy fears heighten at United after US Airways filing; stock sinks

Concern about United Airlines' shaky financial state intensified Monday in the wake of US Airways' bankruptcy protection filing, sending shares in United's parent company plummeting again.

Investor jitters that United may be the next carrier forced into bankruptcy prompted UAL Corp. stock to fall 81 cents, or 15.6 percent, to dlrs 4.39 a share in midday trading on the New York Stock Exchange ( news - web sites) after falling as much as 28 percent.

Other major airline stocks also took a hit, but none was battered as much as UAL, which already had lost more than half its value since the start of July and traded at dlrs 35 a share a year ago.

CEO Jack Creighton, who pledged after taking the top job last year not to preside over a bankruptcy, and other United officials have declined to discuss the prospects of a Chapter 11 filing.
tycoonjack is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT -5. The time now is 10:00 PM.

Content Relevant URLs by vBSEO 3.6.0