Originally Posted by
griff312
There was, back in early to mid 2011. Pre BK. Then they decided to wrap EGL into the BK, to add to the offloaded debt. It's funny how in the court filings (to the SEC) to sell EGL, they said that EGL was very profitable, and provided a long term stable platform. Then, in a matter of months, all of a sudden EGL is bleeding money, and needed to take concessions ($43M from the pilot group alone during BK). Now they are coming back for more.
Its the numbers game. Its profitable when time comes to sell but its not profitable when they cant and decide to BK the place.
WD at AWA