Why The Video Looks Shaky (Don Ward)
Updated: 06/18/2013 - We did a quick helicopter tour of the Black Forest burn area. Someone asked why the video looks shaky.
Wall Street analysts say it appears all but certain that United Airlines will be forced into bankruptcy court soon. Earlier this week the airline's mechanics rejected a contract that puts its financial recovery plan in limbo as its cash reserves rapidly dwindle.
And the increased chances of a bankruptcy filing prompted a heavy sell-off of stock Friday. Shares in United parent UAL Corporation plunged $1.12, or 31 percent, to close at $2.51 in heavy trading on the New York Stock Exchange.
The airline wants to negotiate with union leaders to try to fashion a wage-cuts package that would be palatable to its mechanics. The cuts are thought to be crucial to United's financial recovery.
The machinists' union says a meeting is scheduled with United officials Sunday.
United is the largest air carrier at Denver International Airport, and has several daily flights from Colorado Springs.
Updated: 06/18/2013 - We did a quick helicopter tour of the Black Forest burn area. Someone asked why the video looks shaky.
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