UAL Bleeding Money or Negotiations Ploy

I read in the paper United said they were literally bleeding money and may “PERISH” by next year.

This after the attacks sounds reasonable but they are also in a union agreement negotiation. Could they be using the tragedy to play sympathy?

I ask as my own company is the first to cry, but have made no efforts, certainly not from any management to attempt a cut back.

Just how bad are the airlines bleeding money?