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Old 08-22-2013 | 06:01 AM
  #4148  
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berge7f9
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Joined: Jan 2007
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From: CRJ CPT
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Originally Posted by Captain Tony
They cancelled the awards and cried poor because they have to create the illusion that we are teetering on the edge of bankruptcy.
No we are not on the edge of bankruptcy, but with another rate reset by Delta coming soon, they might threaten to shut us down when we really start bleeding money. Inc cannot declare bankruptcy without dragging SkyWest Airlines down with us. They cannot transfer assets without bringing on merger proceedings. So what would you do if you were JA or BR?

Is there anything stopping them from shutting us down? Is there any historical precedent where a holding company has 2 subsidiaries - one profitable and one not making money - and they shut down the unprofitable subsidiary?