Actually, there is a "safe" bet. The mulit-uniform shops that don't own flying nor bring anything of interest outside of cost brings very little to a management team post bancruptcy like NWA / DELTA. Post bancruptcy management makes their money by showing growth, performance numbers and happy labor groups. Investors bring in more money when they see this and the stock goes up. The CEO then punches out with stock options as the parachute. It's going back to the "good ol' days" post bancruptcy. The days of management getting "theirs" by the likes that we've seen over the last 6 years are sinking very fast. See the trustee / management conversation for the Frontier bancruptcy filing for further and future dialog between the government, their lawyers and the bancruptcy courts.

This whole "bailout" issue is bringing to light that CEO's have been punching out with, beyond, rediculous parachute's and the government, and society, have taken notice.

Management will have to earn "theirs" the old fashioned way.....see first paragraph.

That said, keeping as much money in house with wholly owned properties adds to bottom lines in SO many avenues not easily seen than by the contracts that nickel and dime (big picture) labor costs. That's just one part of it and not as big as some might think post bancruptcy.

Anderson has already said he's interested in pairing the regionals down "tremedously". I would not feel comfortable at any non-wholly owned company right now. JMHInput.


"Wait...Wait....Wait.....and boom goes the dynamite."