Originally Posted by
YdidIChosePilot
My guess is Chapt 11, reorganize, change business model for more premium offerings, maybe leave the ULCC entirely and come out the other end a different type of airline.
Wouldn't it be rich if they were able to reorganize with a plan to put in nice FC and more legroom in back (just like say....JB) and then after the reorg was underway, announce a merger with JB. You know, two smaller full service airlines merging to compete.