Originally Posted by
DashTrash
One of my friends from DAL sent me their FAQ regarding their early out program. In that FAQ it mentioned that there is no bankruptcy protection, but the trustee cannot single out a particular segment (i.e. retirees). FWIW
There is no BK protection at Delta because theirs is self-funded. I’m guessing if we get one that is exclusive of BK, that the cash will be placed in trust (ie spent). How you’d know we did this is if we report a special expense on our earnings this quarter for early retirements. That means we spent the money and its gone, so it can’t be undone in BK.