Originally Posted by
Ex lurker
How much did AMR have in the bank when they declared? 5 billion? Bankruptcy seems to have morphed into a process of restructuring bad contracts instead of being the result of actually not having cash.
This ^^^^ ...bankruptcy has nothing to do with profitability. It's a means of restructuring and cramming a concessionary contract down the pilot's throats. Not to mention shedding less profitable contracts for the sake of staffing more profitable ones.