Originally Posted by
WhenPigsFLy
I predict in the next downturn AA will be first to fail, dragging others down. Labor cost are to high, chap 11 needs to happen.
Which labor costs are you talking about? The pilots are near the bottom of the industry in total compensation. The mechanics will eventually work out a deal. It's not a cost issue. It's a revenue problem and lack of execution.
Ch 11 is not going to happen. It's ridiculous to even mention. $3 Billion profit even with an operation in shambles and people are talking bankruptcy. I think the pilots that went through the post 9/11 lost decade are similar to the generation that went through the Great Depression, always waiting for it to happen again next year.....