Originally Posted by
Wingedbeast
All the majors will probably take another trip in chpt 11. The difference is the others haven't given concessions so the courts have to fight them for it unlike UAL that basically just gave away the farm.
There’s not a single major that could even file Ch 11 right now, except perhaps SWA. With significant negative cash burn, no unencumbered assets, and dismal revenue there’s zero basis for a “plan of reorganization.” Any trip to bankruptcy would not be Ch 11.
It is literally a case of the players trying to out race the bear. UAL might not be the fastest in the bunch but I’m sure glad it’s not the laggard in this situation.