Originally Posted by UnprotectdPilot

I’d agree. Chapter 7 is feasible but unlikely as the Big 3 are likely all ok that trajectory over the next 24 months if demand doesn’t making a meaningful return. The key is going to be self-preservation through COVID and then weathering the economic damage in the aftermath of the surmounting business closures, permanent jobs losses, potential for hyper inflation, etc. Chapter 11 makes sense as I do believe there may be government intervention to avoid a Ch. 7 scenario because of the importance these network carriers have in America. Still though, bankruptcy means concessions and doesn’t bode well for labor.