Originally Posted by
afterburn81
I get the higher cost due to the Jurassic seniority list. Debt though? These are cash only companies. They have no assets and basically own nothing.
Sounds like you’ve never ran a company or actually read the financial statements of one. Every company, even one like Apple with $2 billion in the bank carries debt. Even though Mana and UA own xjt, xjt is its own operating company. So when UA/Mana need parts, building leases, facuilities, etc. They take it out against the subsidiary. That way if bankruptcy does happen they can cut there losses and not have to pay back the entire debt. I suggest you read the quarterly financials between both companies. Based on sheer size of xjt over CommutAir I would assume that there debt is greater. Im not wishing they lose their job, but so many people are delusional of whats about to happen. Covid-19 dwarfs 9/11 and 2008.
Think of it like cutting off an infected arm (xjet) to save the body (UA)