Originally Posted by
Lucifer
The majority of their debt is from buying new planes.... a strategic bankruptcy to renegotiate the loans, consolidate their three regionals into one, and divest themselves of dead debt is not out of the question. In fact, they'd be smart to do it soon before passenger demand picks back up.
Indeed. I don't think they will hurry because it will hurt executive compensation. But the first of the big 3 out of bankruptcy will be in the best position to compete. AA has the advantage of a new fleet and can operate longer without needing anyone to finance new orders. Perhaps DL and UA have tricks of their own. We shall see.
It matters little since most of us are stuck where we are. But if you are nervous; try Breeze.