That's because they don't know what they're talking about. All that matters is the operational cash flow. Delta has lost more money than all other airlines combined, and came within 90 days of ceasing operations, now look at you.

The Pacific market is going to be a bloodbath, as margins are razor thin already, while geopolitical relations continue to deteriorate. There will be major US domestic growth in the wake of global trade rebalancing. No airline faces any financial trouble whatsoever, just a reduction of needed personnel.