You have to do what's in best interest of the share holders. I don't see how you can file when you only lost 22 million last quarter. Most of that lost was weather related. If they filed the shareholders lose everything. They can go back to their creditors and restructure the leases and downsize xjet.

"Due primarily to the severe weather and its related effects during the quarter ended March 31, 2014,
SkyWest experienced a significantly larger pretax loss than it previously anticipated."

Read the call, no way, no chance a bk is near.

http://inc.skywest.com/invest/invest...Q2014%20v9.pdf