Originally Posted by
Al Czervik
yup. the almighty dollar rules though. the gov’t knows the airlines have to be there for a recovery. I’m wondering if cares 2 will happen but still allow some sort of furlough. it doesn’t seem as though any airline is going to need as many pilots as they’re carrying for a while.
A company that files bankruptcy is not the same as one that ceases operations.
All of the majors are in such a financial position (current cash on hand) that they would restructure just like DAL, NW, UAL, and CAL did in the first decade of the 2000’s if they were to declare bankruptcy.
With bankruptcy, management would just have the ability to right size the company and contracts to more accurately reflect the current market conditions.
The airlines would still be there for recovery. Just smaller and better suited to survive the present tragedy.