Originally Posted by
aperfcrcle
Every single airline stock is tanking right now. its a new year and oil prices are going up.
The legacies are making record profits. The price of oil isn't likely going up anytime soon, regardless of the fact that RJET doesn't even pay for fuel. Bankruptcy concerns are VERY real.
Bankruptcy = cost cutting
Cost cutting = downsizing, furloughs, reorganization, bye bye new contract