Originally Posted by
MunkyButtr
Whether we vote yes or no on concessions will have nothing to do with BK. If its going to happen, its going to happen. You don't flirt with bankruptcy because you are 5% over budget. Funny how our CEO and CFO have already been through this before... We need shed the things that aren't making money, get it? Half of it is already moving anyways. Hasn't made money for years and never will... be gone with it.
The following was an interesting read...
American Airlines draws new bankruptcy judge in NY | Reuters
Also, remember what has to be met for a 1113 motion. A pro-business BK court in NY + 1113 motion can be a very bad day.
Just food for thought.