Originally Posted by
RadarColor
You obviously don't know how airline BKs work. They probably already have a contingency plan like most airlines. It's debts vs assets and I'm sure they have more of the former.
He's right. Airline's have to maintain a certain liquidity cuz the FAA knows they cannot operate safely if checks are bouncing.
An airline can file BK if their glide slope will take them down to too little liquidity in the near future. They don't have to be flat broke, and in fact the FAA would pull their cert before they got there anyway.