Originally Posted by
johnso29
How long did it take for NWA to go BK? Delta? United? American? I'd say it could be a very long time before it happens again. It took a very long time to happen initially. You're now looking at a lot of Legacy airlines with little to no pension debt(which was a huge amount of BK debt).
I agree, bankruptcy days are over for the legacies, they have shed the legacy costs that drove them there. But I also think the aircraft are getting bigger and newer which may shrink the mainlines a bit more over the next 5 years. For example, the 717/MD90's are obviously place holders till the next gen planes have the bugs worked out.