Originally Posted by
nene
Mgmts try to juggle all the balls until they start hitting the floor. Miss/late payroll, lease payments, etc. Then one day a fueler realizes they aren't being paid and planes start getting repo'd.
In this day and age the FAA will intervene with certificate action before that really happens. They know what happens when truly broke airlines try to keep flying. Maybe they can default on corporate finance obligations but they need to keep some cash (or equivalent) on hand to keep the feds happy.