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Air line Bankruptcy vs. Amtrak.
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Ref: Airline bankruptcys. USAir will finally emerge from bankruptcy by merging with America West. The pension plans are already gone being taken over by the PBGC (read taxpayers) <br />United Airlines will emerge from bankruptcy by tearing up its pension plans. Delta and Northwest will do the same. A month or two ago there was an article in TRAINS about the prospect of AMTRAK tearing up its pension plans to cut cost. The PBGC will take over pension responsibility for all these corporations. Prediction: AMTRAK will not survive the next decade. <br /> Captain John Stottle <br /> United Airlines Ret.
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