Originally Posted by
JoePatroni
No one but ALPA EVER mentioned the word "bankruptcy"....no one. That was a fear balloon successfully floated to speed up the process. The guys who were negotiating were not interested in snap backs, wage restoration, coach deadhead, etc because it didn't affect the majority of those greedy DB's because they were all short timers. The most important thing for them was gettting it done BEFORE they retired and we all paid for it.
I admit I'm not sure what time period you are talking about, but if it was 2008 objective measures indicated bankruptcy was a possibility for CAL:
https://seekingalpha.com/article/224...ng-with-united