Originally Posted by
CAirBear
I’m literally 99% positive they just had some BS in the news about reducing service in PVD and SWF. Something about not making much money and/or demand. Hmm...
They have been operating over a year now. What’s changed?
Their load factors have been fine; mid-80s. But they're losing money and getting close to hitting bond covenants.
Their outcome is likely binary: liquidate or be acquired by IAG (British Airways' parent company)