Originally Posted by
loganeich
An airline in bankruptcy almost needs to be forced to put up a repatriation pot of money for customers. If they go under, customers would be purchased a flight back home on another carrier from that money/insurance policy. I had a friend ask me if they should purchase a flight on Spirit and I had to warn them of the risks. At some point, the bad news on TV starts a death spiral that will make recovery impossible. I feel for everybody that is having to go through the current situation as an employee.
Many other industries take money before delivery, or have ongoing obligations to customers (ex. automotive warranty).
Many or most companies that are in the position to file BK in the first place would be forced into immediate liquidation if they had to post bond for all customer obligations.