Originally Posted by
BunkerF16
We won't succeed on our own. I don't disagree with that part of yorur premise. What I disagree with is that we slowly sell off our operation, piece by piece, trying to survive as long as possible and maybe find a new "Sweet Spot" as a niche, East coast regional-level operator.
That's not happening. Not to mention while CH 11 could come sooner than later, CH 7 is years away. You think these guys want to chance waiting for the next administration to try this?
We're going to have an airline bid for us. More than likely more than one because once the first domino falls, there will be others that jump in to defend their turf. To say that United or any airline can just sit back and wait until JB liquidates and then just buy what they want at pennies on the dollar is laughable. That's not how it works.
Uh... that might be exactly how this works out. What you are saying is certainly possible, but you are stating it as an absolute fact. It's one possible scenario, the other is the Spirit scenario others have outlined. The market thinks the spirit scenario is more likely. I hope you are correct, but to speak as if this is all a done deal and people are worrying about nothing is foolish and short-sighted.
I think management has realized our only viable path is getting sold, but that is still outside of anyone's direct control. Maybe our debt is worse than the value we may bring. Or maybe the DOJ blocks it again, we all thought Spirit was a done deal until it wasn't and they're not going to exist anymore.