Originally Posted by full of luv

As I recall a lot of those actual hedges were purchased with good ole SWA cash from Delta as they were burning the furniture to heat the house for a period of time until a trip to BK became evident.

Bottom line SWA never had pensions to deal with and it took till the mid 2000”s for the legacies to realize that to compete on costs they needed to get rid of theirs as well. The only way to do that is in BK court.

I was just visiting a state where there are now thousands with state pensions guaranteed for life in the mid 100k”s. Many make more in pension than they earned. Ironically the paper was stating that there is nothing to be done about this as the state cannot go BK so they must raise taxes/starve current services and pay up.