Originally Posted by full of luv

No problems.... Like another poster pointed out, its the DIP financing and broad discretion allowed a BK judge that makes BK a modern day restructuring tool.

Those BK's were not caused by pilot salaries, but since bringing the companies to BK court (to account for a multitude of strategical errors by mgmt over the previous decade), they go after labor as well because it's mgmts only time to get what they want inserted into a contract.

Do you think a legacy would have allowed PBS without BK court threat? 50% pay cuts? Etc, etc.

BK court is why you still get a decent rate on corporate bonds, because they're only as good as the corp mgmt to make good strategic business decisions.

Vegas, you have all the wickets in place. Plan a small vacation, that will garner you a call from a major, when you least expect or want it.

I can hardly wait till next Xmas when your newly trained behind will be stuck on reserve in NYC and you couldn't drop due to coverage!