Originally Posted by
Grumble
Nailed it.
Likely? A any pragmatist can look through the financials and see it was a certainty.
Before the merger, which airline was on the Blloomberg News Bankruptcy watch? UAL
Before the merger, which airline was paying over 25% interest on secured debt? UAL
Before the merger, which airline had an aircraft order that the WSJ called more akin to a loan instead of a serious aircraft order?
How many of those Airbus aircraft have been delivered? When was the last time UAL received a new aircraft that was ordered pre merger?
Which airline had pilots on furlough at the merger announcement? Oh right, UAL was such the financially superior airline that they had to gut its domestic fleet to make itself attractive of a merger partner.
Queue a link to a blog post, from an unheard of website written by an unheard of junior college student, claiming to see something that Wall Street missed about CAL.