Originally Posted by
CousinEddie
Right along with the thinking that 9/11 was why UAL cratered into CH11 also.
I would offer that it was a combination that picked off the low hanging fruit of airlines. Dot com bust in highly affected hubs, 9/11, a high cost structure not solely attributable to our contract, and revenue control system out of whack are some of many contributing factors leading to our demise. Chapter 11, while not a guaranteed exit, provided one stop shopping for the company's Christmas list.