Originally Posted by
kingairip
You're welcome to your own cynical opinions about people's ethics and morals these days. I might even agree with you to a certain degree. But, that has nothing to do with your nonsensical statement that AA should sell their valuable assets to "satisfy creditors and maintain pensions for their employees." That would be more appropriate in a liquidation, not a reorganization.
The point of my posts weren't to argue that AA should sell their assets (slots). It was in response to the suggestion that SWA (or anyone else) felt entitled to said assets (slots). To hold on to those valuable assets and shed debt (including pensions that were underfunded to begin with) is shielding management from poor financial decisions. In some cases liquidation is more beneficial to an industry than propping up companies who then continue to make the same mistakes over and over.
The Oscar