I think I found your source.

http://www.otcmarkets.com/edgar/GetF...ingID=11372686

That's a quarterly report for the first quarter 2016. (verification: search for an exact match on the paragraphs you quoted). There's been a lot of water under the bridge since then. Are we out of Chapter 11? No. Do things look as bleak now as they did in Q1 2016? Hardly. Has the pilot contract successfully survived Chapter 11? Thus far. While the concerns mentioned in your carefully picked quotes are worth considering, they are greatly out of date in the context of where the bankruptcy is today.