Originally Posted by Noisecanceller

This is happening because of the massive decrease in block hours with the same amount of gates at our disposal in FLL. Don’t kid yourself, if we were running full tilt you’d be waiting plenty and we’d be losing even more money. This place has no path forward to profitability without a merger. The bankruptcy did nothing to improve our financial position other than buying time and getting the shareholders out of the way.

It’s merger or death and the clock is ticking. Two clocks actually. One is the cash burn which can get some time added if they sell some airplanes and the other is the debt they kicked down the road a few years which is why we declared bankruptcy in the first place. We aren’t magically going to have $2 billion in a couple years and won’t be credit worthy to get it refinanced outside of bankruptcy.

The legacies have too much power now. You cannot be successful without scale. This is a pump and dump scheme right now. Lipstick on a pig.