Originally Posted by
ninerdriver
Unfortunately, at least in my circles, the average people seem to read that as "all airlines have spent 96% of their profits over the last ten years on stock buybacks." The average response has been "whatever, let them all file for Chapter 11."
We've actually made some serious gains at the regional level over that time span, and I wouldn't be surprised if we give them all back if we don't get some help.
a business can only file CH11 twice. if the legacy's get drug through this again it really would be survival of the fittest after that.
side note this can be mitigated by a merger IE when AA and UsAir merged, keeping the AA name allowed them to go through this again, had the US air name been kept, they already had 2 bankruptcys and CH 11 would not be an option for them