Originally Posted by
southbound
Nothing would surprise me in the airline business at this point. With the exception of a few majors (ALK, LUV) and several regionals, these airlines are all so debt laden and pathetically managed anything is possible, CAL included.
Seems like the true measure of staying alive is the ablilty to kick the can down the road, continue to renegotiate debt and hope your competitors are unable.
I think it would be interesting if all the big majors all closed up shop due to their debt laden business models. Don't get me wrong it would screw me and everyone, but it would still be one hell of train wreck to watch.