Originally Posted by
TheGreatChecko
What we needed was for the bankruptcy laws and courts to be used properly and not as a shield every time an airline manager figures out that they cannot run their company. It sucks to say it, but had a couple of airlines not hid behind the laws, the industry would be in much better health these days.
Hasn't worked that way.
Many of the planes end up in different colors. The employees, including the pilots, become available for some new LCC - usually at lower pay, which puts more downward wage pressure on those who think it's going to be beneficial to them.