Originally Posted by cactusmike

That language is straight out of SEC filing speak. Because they are moving forward with CH11 they need to put that in as a forward looking statement. It's a CYA for the company with the financial watchdogs. Not saying that Spitit isn't in trouble, it's just that this road has been traveled before by a lot of other airlines.

I've been through this before; while you guys should be concerned, there is a great chance that those remaining on the seniority list will come out of this okay. CH 11 allows companies to strip down to be efficient and gives them a bettter chance at being profitable. That happened with us at America West. Once we dumped the 747s we immediately became profitable.

Wishing you guys the best of luck going forward.