Originally Posted by Jamers:1327960
The TA is going to pass by a significant margin. We are deciding to punt on fourth and one, down by fourteen. We will still lose, just not as bad of a loss. This is going to suck for you, us and the industry.
That reasoning is beyond ridiculous. Delta has longterm contracts with SKYW /XJT. They can't threaten a Comair/PNCL fate because of that and the fact they don't own us. Delta owned Comair and basically owns Pinnacle so they can do what they want.
The PNCL TA really only affects XJT/SKYW by reducing the rates paid to Delta if there is another "rate reset" in the long term CPA and we are no longer the second lowest cost.
Delta had no choice but to provide PNCL DIP financing, but they used it to work in their favor. If PNCL liquidated SKYW would have an unprecedented amount of leverage in DCI as far as rates.