Old 01-12-2013 | 04:50 AM
  #73  
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Trip7
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Originally Posted by SmitteyB:1328629
Originally Posted by Trip7
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.
Which is why Delta forced Pinnacle into BK. by withholding monies owed.
With $600 mil+ cash in the bank it'll take DL quite a while to force Inc into bankruptcy, especially when Inc doesn't have money losing CPAs
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