Originally Posted by
742Dash
Obviously airlines can and do go bankrupt. And private equity does some very creative and sleazy things.
But there is a world of difference between a management team of a public company following a strategy that fails (such as rapid growth or acquisitions), and a management team taking a public company that is profitable and deliberately running it into bankruptcy.
The latter does not happen; pilot belief systems notwithstanding.
Republic Airlines? They basically refused to negotiate in good faith for nearly a decade despite a glaring labor shortage. It got to the point they were fined into bankruptcy for not Fulfilling their capacity agreements. Granted they signed a cba just prior but the whole thing could’ve been avoided if they were at all interested in protecting their investors.