Quote:
Originally Posted by cgull
I know Continental can do nothing to avoid a default. It only has $105 million of equity left. That's simply not enough to restructure its debts. And it can't operate profitably enough to afford to repay its debts – it doesn't even have enough cash to pay for the planes it has already agreed to buy from Boeing. If you short the stock today, I'm 100% sure you will double your money in 12 to 18 months.
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Another UAL pilot ploy to paint a similar dim picture for CAL pilots futures, since they haven't been able to convince ALPA national to throw out it's standing merger policy?