Originally Posted by
gojo
Wake the duck up!!! Bankruptcy is the way of the airlines. It gives them the green light to immediately shed or restructure airplane leases, and restructure all labor contracts. H$ll, they can restructure all their contracts to become more cost competitive. Look what American just did, and remember the pile of cash they had in the bank when they filed. Also, consider the benefits of having multiple companies under an Inc umbrella. Mesaba, part of MAIR Holdings, also had millions in the bank when they filed in 2005, but Big Sky Airlines wasn't included. I'm not saying Skywest will go this route, but current bankruptcy laws in conjunction with the Railway Labor Act heavily favor the airlines.
I am fully aware of what they do. You can't compare AA's finances at the time they declared BK to Skywest. AA was loosing hundreds of millions a quarter for a decade or so before they went into court. And looked what happened to AA as a result. BK court is a dangerous game and a last result for any company. Skywest has so many options at their disposal before declaring bk and screwing all their investors.