Originally Posted by
MasterOfPuppets
they can’t shrink that much and stay in business. They have to pay back 20 billion? 25? Iv lost count.....you can’t be 1/3 of your size and service your debt. Q saying we won’t be able to bring these pilots back from furlough or grow because we will be focusing on debt is an oxymoron. They better grow or they wil default! You can’t raise the debt of the worlds third largest airline and expect to service that debt when you are the size of a regional airline.
if they furlough this deep plus EOs bankruptcy is 100%. And CH 11 won’t be an option because there is no business plan that can show a viable company that is as small as United wil be, no one will invest. Iv said it before and Il say it again if United drops 4-5000 off its seniority list it will be out of business.
this is posturing folks.
I have said this very thing. If United shrinks that much, there will not be a United. A company this size can't shrink to match such a small demand. If demand remains this low by next summer there will be a lot less airlines in the world. Are all the major players going to let cash cows (airlines) perish? 10-15 jobs for every airline job. Banks, lessors, aircraft manufacturers. Way too much vested interest surrounding the big 3 airlines.