Originally Posted by
JonnyKnoxville
American Airlines had $4.1 billion in cash when they declared bankruptcy.
Those ACMI customer contracts you speak of that can't support an industry standard cba can be renegotiated in bankruptcy as well. That is exactly what Republic had to do in order to compete for pilots in the marketplace.
I'm not saying it is a foregone conclusion that Atlas Air will declare bankruptcy but the possibility is far from ridiculous.
C'mon it is ridiculous... when was the last time an airline, or any company for that matter, declared bankruptcy while it was profitable? We haven't had a real quarterly loss or an annual loss in some time. Moreover, I think I read somewhere today where this company had the highest free cash flow per share of any Company in air freight and logistics industry. While "anything is possible" it's pretty remote and absurd to suggest they would bankrupt the company as the reason to simply avoid paying us.