Originally Posted by FlyingKat

Since I do have an MBA, I see the following possibilty playing out:

1. Pay cuts pass by a narrow margin.

2. Company goes to UAL and gets them to tear up agreement with CO and write new agreement with UAL. This gets around the 50 seat limitation on CO's scope clause so the Qs and 900s can be placed on the same certificate. Also gets UAL to convert Saabs to Qs. This decreases overall Q operating cost due to greater economies of scale on the aircraft.

3. Some kind of fences are put up to reduce training costs until all aircraft are on one certificate.

4. Goes to DL and gets rate increase for 900s and money to defray Mesaba aquisition. Also gets agreement to allow UAL aircraft on PCL certificate.

5. Now that the company has a viable business plan that is stable and profitable, go to capital markets and borrow enough money to get through the next year and finish integration.

6. Bankruptcy is avoided.

If any of the above doesn't happen, then bankrupcty is the likely option because the company will not have a viable business plan that will allow it to borrow money in capital markets to address liquidity issues over the next year.