Originally Posted by
Directautogroup
70 airplanes being out of service. We all know how this plays out. One Friday morning we wake up to Chapter 11 press release.
I’m sure you have seen the excel snapshot detailing the new fare structure. I can’t wait to see the bungled implementation of this plan to become an LCC airline. I don’t think they can command the price needed to offset the expected loss of ancillary revenue. Our ticket prices are going to need to increase tremendously.
ALPA saw some of the financial data recently and concluded the outlook is grim. I doubt they manage any positive cash flow this year.
I fear you are correct. Ch11 is not the end of the world, in fact its airline norm.
I do find it rich however that this administration directed the doj to block the B6 merger because NKs business model is somehow essetial to protect a particular economic class, then immediatly begins making said business model illegal.
I agree with TC that the business is rigged and the government is... less than intelligent.