Originally Posted by
stabapch
Have you ever wondered why Republic was never at risk during BK? Not a single FA was affected! There were memos that came out well before stating how the BK wouldn’t negatively affect the company and it was “strategic” in nature and it sure was. The guy at the helm may have treated his employees like **** (find me a CEO that doesn’t) but he certainly knows business. The point is if a recession hits, YX will be standing and I can’t say that about others. Reserve times are around 3 months across all junior domiciles with upgrades almost under 2 years.
There’s better and more secure stepping stones out there than ExpressJet.
The fact that the bankruptcy was widely understood th be bogus and merely a way of getting out of unfavorable contracts notwithstanding, playing fast and loose with bankruptcy law does not make you an astute businessman. And it’s not a trick you will get away with twice.