Originally Posted by
arbalist1
I know there's all this hubbub about PSA potentially being sold. I'm no expert, but why would loading up your company with extra costs attract buyers? Airlines typically try to run as lean as possible before selling in order to increase the value of their balance sheet.
I think worst case scenario right now is PSA needs to have a lot of excess pilots on hand if AA declares bankruptcy. They know a huge number of pilots will bail if we get hit with a 20% pay cut and the contract and all LOAs go out the window. Bankruptcy court could easily force us into PBS as well. I guess the good news would be that AA plans on keeping PSA around?
This is why I don't think anything is happening to PSA (but I could be wrong). Why would PSA hire a bunch of pilots and sell us off to someone else? Let's just say that Skywest wants to buy us; Skywest doesn't want the pilots, they want the airplanes and the routes. They could care less about throwing 2,000+ pilots on the street once the deal's done.
I think that PSA is getting ready for BK when they lessen the scope clause to allow regionals to fly more routes for AA. We're also getting more routes added it seems weekly out of Charlotte as well.