Originally Posted by Andy

Pardon? You really need to read up on the BK process because you don't understand it very well.

You think that going through the Chap 11 process is amazing? For whom? It sucks for everyone including management. And especially creditors and line employees.

And if there isn't a legitimate case for Chap 11, the man in the black dress will throw it out and not allow the company to file.

Chap 11 is a long sucko process and let's hope that no airline has to go through it. However, before United gets to that point, there will be others who will have already filed, including from my estimation at least one ULCC and one LCC. So if anyone thinks that ULCCs/LCCs are doing OK, they really need to pull up each airline's Q2 (lack of) earnings. They're all as bad as United. Some quite a bit worse.