Originally Posted by
Andy
Then plan on chapter 7 for every airline then, because revenue's running less than 15% of 2019 numbers for most airlines. All of these airline managements aren't making up just how bad things are - it's real. And every airline will have to shrink massively if revenues don't improve soon.
I do not understand how people can read the financial numbers which aren't being faked, yet think that management is overplaying how bad things are. No, they're understating just how bad things are and chances are there will be some airlines that don't make it to the other side of this.
My point was that there is no "other side of this" if we furlough 3900+ pilots. The costs, the debt, our inefficient bloat... we won't survive. No one is saying they are making this up but we aren't going to magically be 50% the size and show spirit who is boss. Our one year lease at Willis tower will pay for their headquarters for a decade. They are a fierce competitor who has had 20%+ profit margins while we were sub 12%. They specialize in moving the unwashed masses who book 3 days prior and they do it really efficiently. We need to somehow survive this without killing our ability to compete.