Originally Posted by
rickair7777
Anything between 30-50% reduction for summer 2021 is also chapter 11 territory. More than 50%... no bueno.
This is not true. Although none of the big 3 could pull this off, ALK, JetBlue, LUV all could. Alaska actually has a plan if things get significantly worse to do just that. At current or slightly better revenue trends Alaska could furlough 40-45% of its company and idle for a very longtime. Making a little or nothing, waiting out the storm, plenty of cash to sustain, flying 30% of the fleet.
I am confident it will not come to this though.