Originally Posted by
arbalist1
I just fail to see how decreasing profit margins by increasing labor costs will raise the sale price. But I know as much about selling an airline as I do about humpback whale migratory patterns.
You are correct here. In a previous life decisions were made for short term cost/profitability instead of a better long term plan.
IMO, unless this is part of the deal with the purchasing company that PSA tie up their loose ends, I’d say it is more for optics at a bankruptcy proceeding. May second guess would be that is this is plain great news PSA and terrible news for a one of the AE regionals.