From: The Wall Street Journal onlineUAL Corp. Amends Existing $1.5B Credit Agreement >UAUADOW JONES NEWSWIRESMay 6, 2008 7:24 p.m.DOW JONES NEWSWIRES UAL Corp. (UAUA) said its lenders agreed to amend its existing $1.5 billion credit agreement to provide the company with the "flexibility to implement" action to fight higher fuel costs. The Chicago-based parent company of United Airlines said it is comfortable with its liquidity. As part of the amended pact, UAL must maintain a cash balance of $1 billion beginning in the second quarter. Shares in UAL Corp. continued to fall after hours, shedding 17 cents to $13.98 from a decline of 85 cents, or 5.7%, as of the close of the regular session. -Adam O. Manzor; 201-938-5400; AskNewswires@dowjones.com
Good news, butNOW it's time for ALL the airlines to raise the damn Fares!
fares sould continue to drop since China airlines can come in and take over the market. They pay their pilots about $15/hr and only when they are in route.