United to Exit Bankruptcy Today
Feb 1st, 2006 | By Jared BlankAfter a record 1,150 days, United Airlines will exit bankruptcy today. While passengers will likely not notice much difference, the company has definitely changed, with 20% fewer aircraft, 30 percent fewer employees, and 20% lower operating costs. The carrier has a $3 billion financing package that should keep it up and running for a while. And if you feel strongly that these guys are really going to make it, feel free to invest in the stock offering on the NASDAQ on Thursday. Good luck.